Satya Komal on Water Management & Intelligence Market in India
The Challenge
India faces severe water stress due to unsustainable consumption and lack of accurate usage data.
Industrial Impact
Industries use 13% of India’s freshwater, expected to triple in two decades, leading to over-extraction and pollution.
Regulatory Changes
Since 2019, stricter regulations aim to monitor water usage. The Central Ground Water Authority (CGWA) and National Green Tribunal (NGT) have introduced measures like mandatory water meters for groundwater extraction and annual water audits for large water users.
Solutions
1. Reduce Usage: Modern electronic meters (electromagnetic, ultrasonic) offer real-time tracking and leakage detection.
2. Effective Process Management
3. Recycling
Market Growth
The water meter market in India is estimated to reach $1.5–3 billion over the next five years, driven by regulatory compliance and modernization needs. Additionally, India’s numerous borewells across various sectors will also require metering technology.
Global Perspective
In mature markets like the USA and Europe, companies like Badger Meter, Xylem, Roper, and Itron have seen significant growth in water metering technology. These companies highlight the importance of integrated hardware-software platforms, making water metering essential for Industry 4.0 advancements.
Current Global Market
Conclusion
Advanced water metering technology is essential for sustainable water management and addressing water stress in India. So India is estimated to reach $1.5–3 billion over the next five years. Water meters will start the solution.
