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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