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A High Growth Market that is Constantly Evolving Amidst Structural Changes within in the Country’s Electricity Sector
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The Indian Electricity Meters market is highly dynamic with significant changes occurring in the technological landscape due to government initiatives like smart grid mission, Integrated Power Development Scheme (IPDS) and Smart City Mission. The products covered in the research service are Tariff Meters which is further classified into Single phase, Three phase, Prepaid and Smart meters and Panel Meters trickled down KWH meters, Multi-fuction meters and Dual source meters. The Government Initiatives to achieve hundred percent metering and reduce AT&C losses, coupled with energy efficiency measures facilitated by Bureau Of Energy Efficiency (BEE) has also open up opportunities in private commercial and industrial segment. A wide product and packaged solution portfolio, competitive pricing, and extensive market reach are likely to be the key success factors of the Indian electricity meters market. Focus on product innovation in smart meters and aligned marketing efforts are expected to provide a competitive advantage to participants.
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