Smart Energy Meter Dominance Expected in India Smart Meter Market
Favorable government policies and increased adoption of smart meters in smart cities are likely to propel the India Smart Meter Market during the forecast period, 2024- 2028. According to TechSci Research report, “ India Smart Meter - B y Region, Competition Forecast & Opportunities, 2018 – 2028,” the India Smart Meter Market is anticipated to register a robust growth during the forecast period, 2024-2028. A smart meter is an electrical device similar to a traditional meter. Still, it's a convenient alternative to traditional smart meters. Smart meters measure and record electrical energy or gas consumption, voltage levels, current, and power factor. Not only does it enables to record these details, but also enables in creating reports at various points along the way. It also provides users with real-time information about their energy consumption. As smart meters overcome the limitations of traditional meters, energy providers will be able to charge di...