SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 246

HIGH PRIORITY MARKET

Smart Meters Market to grow $ 18.2 billion by

2019

Key Players in India

Bentec Electricals & Electronics Private Limited 150 Upen Banerjee Road, Calcutta-700060, West Bengal, INDIA T: + 91-33-4014406 / 4211; F: + 91-33-4017486 E: info @ bentecindia. com Anup Bhartia- Managing Director
HPL India Ltd. 1 / 21, Asaf Ali Road, New Delhi- 110 002 T: 91-11-23234411; F: 91-11-23232639 E: hpl @ hplindia. com, W: www. hplindia. com Lalit Seth, Chairman cum MD
Genus Power Infrastructures Ltd. SPL-3, RIICO Industrial Area, Sitapura, Tonk Road, Jaipur-302 022, Rajasthan, India T: + 91-141-7102400; F: + 91-141-7102503 E: metering @ genus. in Ishwar Chand Aggarwal- Chairman and MD
Itron India Pvt Ltd C-7, Sector-3, Noida-201301, Uttar Pradesh T: 0120-4656699; E: Sandip. sinha @ itron. com W: itron. com Sanjay Seth- CEO and Country Manager India
Landis + Gyr Ltd JK Millennium Centre, 3rd Floor, 46 D Jawaharlal Nehru Road, Kolkata 700071, T: 033-3051590004; F: 033 30515905; E: kausiksingha. ray @ landisgyr. com; W: landisgyr. com Sandip Kumar Mukherjee, CEO
Larsen & Toubro Limited( L & T) L & T House, Ballard Estate, P O Box 278, Mumbai 400001, Maharastra, India T: 022-67525656; F: 6752 5858; W: www. larsentoubro. com, LNTEBG. com AM Naik, Chairman & MD
Schneider Electric India Pvt Ltd 9th Floor, DLF Building No 10, Tower C, DLF Cyber City, Phase II, Gurgaon 122002; T: 0124-3940400; F: 0124-4222036; E: in-care @ in. schneider-electric. com W: schneider-electric. co. in Olivier Blum, Managing Director
Secure Meters Ltd P O Box 30, Pratapnagar Industrial Area, Udaipur 313003; T: 0294 2492300( 5 lines); F: 294 2492310; E: mktg @ securetogether. com; W: securetogether. com Sanjaya Singhal, Managing Director
The smart meters market is estimated to grow from an expected $ 11.1 billion in 2014 to $ 18.2 billion by 2019, at a CAGR of 10.2 % from 2014 to 2019.
The implementation of smart meters
penetration rates for smart metering
will be advantageous for governments
technology will grow to around 50 % in
trying to achieve the objectives of
Europe and North America, and to over
emission reductions, security of energy
75 % in the Asia Pacific region from just
supply, reducing carbon footprint of the
around 15 % to 25 %, respectively, today.
country, and providing quality service to
By 2020, it is estimated that penetration
the end-user. Governments wants to
rates for smart meters are expected to
accentuate the installation of smart
approach 100 % in most developed
meters as they foresee better
countries, with massive rollouts taking
management and efficient usage of
place in new smart meter territories
energy, which will subsequently foster
such as Latin America, India and the
competition. For instance, some
Middle East.
countries in Europe such as Italy,
Unlike developed countries, India has
Sweden, and France have opted for
not introduced smart metering in a
rapid deployment of the technology,
large scale until now.
owing to the European Union directives for energy end-use efficiency by 2020.
The pilot project run by government of India will focus on addressing three key issues:
Furthermore, growth in smart grid technologies will give rise to smart meters. Smart meters alone are not useful and need to be installed in
Ÿ
Ÿ
Reduction of aggregate technical and commercial( AT & C) losses.
Peak load management.
conjunction with some type of a
Ÿ
Integration of renewable energy like
communication infrastructure to get the
wind and solar into the grid.
data back to the utility. Smart grid
Initial steps of smart metering in India is
technologies include communication
so far encouraging with the market for
networks, advanced sensors, and
electricity meter both for static and
monitoring devices, which form the
electromagnetic witnessing rapid
foundation for utilities to generate and
expansion of 32 % between 2008-09
deliver power, and for consumers to
and 2010-2011.
understand and control their electricity
With a maturing status of metering in
consumption.
the country and growing government
According to recent industry reports,
interest and support, the adoption of
distribution utilities globally are
smart metering technologies is
expected to spend US $ 378 billion in
emerging to be the most relevant next
smart grid technologies by 2030 where
step- a move that is highly anticipated
India is estimated to install 130 million
to help reduce India’ s peak power
smart meters by 2021. Sweden-based
deficit which reaches 12-15 % in major
analyst firm Berg Insight says that
cities.
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