Product Code: ETC066463 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India water meters market import shipment demonstrated a notable CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024. Overall, the market exhibited growth momentum but experienced a sharp slowdown towards the end of the period.
The water meters market in India is projected to reach a value of USD 1.65 billion by 2025, growing at a CAGR of 8.4% during the forecast period 2025-2031. The growth of the Indian water meters industry can be attributed to the government?s focus on improving infrastructure across rural and urban areas, rising need for effective water management, increasing awareness among consumers about utility bills, and technological advancement in smart metering systems. Furthermore, with rapid industrialization and urbanization coupled with unplanned development has further accelerated demand for efficient water management solutions in India.
Government Initiatives ? Various initiatives taken by governments including ?Atal Mission for Rejuvenation & Urban Transformation (AMRUT)? have focused on providing 24/7 piped supply services to all households while ensuring equitable distribution through meter reading mechanism; this is expected to drive demand for metering technologies over the forecast period. Increasing Awareness Among Consumers ? Growing consumer awareness regarding accurate billing practices associated with use of automated meter readings are expected to bolster market growth over the next five years. Technological Advancements ? Development of advanced technologies such as ultrasonic flow measurement techniques which reduces operational costs associated with installation & maintenance are likely to boost adoption rates over coming years.
High Initial Investment Costs - High initial cost involved in installing these systems is anticipated act as major restraint hindering market growth, and Issues Related To Data Security & Privacy - Major concerns related data security & privacy due solely dependent on internet connection may hinder market outlook during projected timeline.
Smart Meters Gaining Traction? Growing popularity of smart meters owing its easy integration into existing networks along with ability to remotely monitor energy consumption levels from any location is majorly driving their sales volumes across residential sector Additionally declining prices are making them more affordable thereby propelling their overall acceptance rate.
Badger Meter Inc., Itron Inc., Kamstrup A/S, Honeywell International Inc., Elster Group SE , Sensus USA Inc., Holley Metering Limited , Landis+Gyr AG , Neptune Technology Group Inc., Diehl Stiftung & Co Kg .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Water Meters Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Water Meters Market Revenues & Volume, 2021 & 2031F |
3.3 India Water Meters Market - Industry Life Cycle |
3.4 India Water Meters Market - Porter's Five Forces |
3.5 India Water Meters Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Water Meters Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Water Meters Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Water Meters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in India leading to higher water demand. |
4.2.2 Government initiatives to improve water infrastructure and promote water conservation. |
4.2.3 Growing awareness about water scarcity and the need for efficient water management systems. |
4.3 Market Restraints |
4.3.1 High upfront cost of installing water meters for both residential and commercial users. |
4.3.2 Lack of proper maintenance and calibration leading to inaccurate readings. |
4.3.3 Resistance from certain consumer segments towards water meter installation due to perceived increase in water bills. |
5 India Water Meters Market Trends |
6 India Water Meters Market, By Types |
6.1 India Water Meters Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Water Meters Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Water Meters Market Revenues & Volume, By AMR, 2021-2031F |
6.1.4 India Water Meters Market Revenues & Volume, By AMI, 2021-2031F |
6.2 India Water Meters Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Water Meters Market Revenues & Volume, By Meters and Accessories, 2021-2031F |
6.2.3 India Water Meters Market Revenues & Volume, By Communication, 2021-2031F |
6.2.4 India Water Meters Market Revenues & Volume, By IT Solutions, 2021-2031F |
6.3 India Water Meters Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Water Meters Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.3 India Water Meters Market Revenues & Volume, By Residential, 2021-2031F |
6.3.4 India Water Meters Market Revenues & Volume, By Utility, 2021-2031F |
7 India Water Meters Market Import-Export Trade Statistics |
7.1 India Water Meters Market Export to Major Countries |
7.2 India Water Meters Market Imports from Major Countries |
8 India Water Meters Market Key Performance Indicators |
8.1 Percentage of households and industries with installed water meters. |
8.2 Water leakage reduction rate attributed to the use of water meters. |
8.3 Adoption rate of smart water metering technology. |
8.4 Average lifespan of water meters installed. |
9 India Water Meters Market - Opportunity Assessment |
9.1 India Water Meters Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Water Meters Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Water Meters Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Water Meters Market - Competitive Landscape |
10.1 India Water Meters Market Revenue Share, By Companies, 2024 |
10.2 India Water Meters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |