Market Forecast By Type (Single Phase, Three Phase, Analog, Smart), By Application (Residential, Commercial, Industrial, Others) And Competitive Landscape
Product Code: ETC432920 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Electricity Meters Market registered a growth of 21.66% in value shipments in 2022 as compared to 2021 and an increase of 2.44% CAGR in 2022 over a period of 2017. In Electricity Meters Market India is becoming less competitive as HHI index in 2022 was 1381 while in 2017 it was 910. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Electricity Meters Market.