India’s smart meter market poised for consistent growth

India smart meter market is growing at a high CAGR because of the favorable government initiatives to boost the installation of smart meter in various regions of the country. Furthermore, the launch of 5G networks is also powering the market growth.

Report Ocean, revealed that the India smart meter market is estimated to grow at a CAGR of 6.4% during the forecast period (2022-2028). The India smart meter market is flourishing at a high rate because of various government initiatives to boost the installation of smart meter in various regions of the country. The Union Government has announced its plans to install 250 million smart meters by 2022 with the investment of around Rs. 3 lakh crore. Furthermore, the launch of 5G networks is expected to provide lucrative growth opportunities to the market as the country’s communication network strengthens.

CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
CyanConnode Holdings plc

More articles like this

CyanConnode Holdings plc

CyanConnode leads Smart Grid innovations in India

The collaborative efforts of Parthasarathi Krishnan and Aniruddha Shahapure highlight the significant strides in last-mile connectivity, market penetration, and cybersecurity within the smart grid sector. The Power sector in India is phasing a dynamic shift to smart technology.

CyanConnode Holdings plc

CyanConnode wins second significant order from Montecarlo Ltd

CyanConnode Holdings plc (LON:CYAN), a world leader in narrowband radio frequency (RF) mesh networks, has announced that its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Limited (Montecarlo) for one million Omnimesh Modules, together with Advanced Metering

CyanConnode Holdings plc

Smart electricity adopts proactive quantum-resistant cybersecurity

Energy meters, around 250 million, dominate the power sector as the most prevalent IoT devices. Safeguarding critical infrastructure in the age of smart grids requires a proactive and multi-layered security approach. As technology evolves, robust cyber-security measures become

CyanConnode Holdings plc

India’s decade of power transformation

In a significant stride towards transforming the power sector, the Ministry of Power’s year-end review for 2023 revealed impressive advancements. Over the past nine years, the government has successfully shifted from a power-deficient to a power-sufficient nation, adding

CyanConnode Holdings plc

What is a smart meter and how does it work?

A smart meter, or an ‘advanced meter’, is a digital device that uses two-way communication to measure how much electricity you use and when. It records your energy usage in at least 30-minute intervals and then sends this

CyanConnode Holdings plc

CyanConnode Holdings experiencing a Period of Rapid Growth

CyanConnode Holdings plc (LON:CYAN), a world leader in narrowband radio frequency (RF) mesh networks, has announced its unaudited interim results for the six months ended 30 September 2023 (H1 FY 2024). John Cronin, CyanConnode Executive Chairman, commented: “The

CyanConnode Holdings plc

Edge-Cloud IoT: A strategic response to power grid challenges

IoT technology offers a transformative solution to these challenges. By embedding sensors and smart devices throughout the power grid, IoT enables real-time monitoring and control of the power distribution network. Rising to the challenge, Huawei, in collaboration with

CyanConnode Holdings plc

IntelliSmart installing 20 million smart meters in India

Indian state smart meter JV Intellismart has reported currently installing smart meters for approximately 20 million households. The smart metering rollout portfolio, with a value of R200 billion (US$2.4 billion), has been boosted by awards in four states,

CyanConnode Holdings plc

Everything you need to know about Smart Meters

A smart meter is an upgraded version of traditional gas and electricity meters. Unlike regular meters, smart meters don’t require manual tracking of readings. They offer a more convenient and efficient way to monitor your energy consumption. A smart

CyanConnode Holdings plc

India’s meter projects make massive IoT a reality

With a population of more than 1.4 billion, India has seen energy consumption more than double since 2000, according the to the International Energy Agency. This leaves energy providers and users of all types seeking to reduce their

No more posts to show