Smart energy meter is an electronic device that measures the most accurate amount of electricity consumed by residence, business or any electrically-powered device. A smart meter is a reliable source for the most accurate information about consumed energy; this reduces the probability of an error in the existing billing system to minimal.
Smart meter comprises first-generation smart meters or AMR meters and second-generation meters or AMI meters. AMR meters provide for self-health check of the meter, data communication using secure and open standard protocols, periodic upgrade of meter software remotely over the transmission network, multi-utility metering capabilities, consumption data acquisition and demand management and control. Comparatively, AMI meters or smart meters provide effecting utilisation and management of metering data, automatic management of meters, two-way communication with meters, demand response capabilities and further provides data to implement energy efficiency practices.
Smart meter includes:
Meter: Used to measure the flow of electric power from input to the output terminal
LCD Display: Used for displaying readings of the parameters that are being metered
Communication: Present in modern electricity meters which is used for one-way or two-way communication of information with the billing utility During 2016-2020, the overall market for electricity meters is expected to grow at a CAGR of 11.5 per cent, with prepayment meters expected to grow more than the overall growth rate, at a CAGR of 15.1 per cent, and smart meters expected to grow at a CAGR of 5.3 per cent. However, the market for meters is expected to witness explosive growth subsequent to 2022, when the proposed civil works for smart cities and smart grids will near completion, paving way for a robust demand for smart meters. Particularly smart meters are expected to see a double digit growth, once bottle-necks surrounding the smart grid projects are cleared. Demand for electronic meters dominates the market for meters and will continue because of the replacement market for electrochemical and old meters and orders from power utilities. Of this, power utilities account for nearly 90 per cent of the revenue generated from sale of tariff meters. Additionally, due to various initiatives of the government for efficient utilization of present generation capacity, such as the ‘perform, achieve and trade scheme’ for high energy consuming industries, panel meters are expected to witness nearly a 12 per cent growth, coupled with energy efficient solution systems. Renewable integration and energy management practices will also fuel the growth of panel meters during 2016-2020.
HPL Electric& Power Ltd pioneering the Metering space
HPL Electric and Power Ltd an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, LED lighting and wire& cables, catering to consumer and institutional customers in the electrical equipment industry. HPL manufacturing capabilities are supported by a large sales and distribution network with a Pan-India presence. The company currently manufacture and sell its products under the umbrella brand ‘HPL’, which has been registered in India since 1975.
The company’s portfolio of meters includes single phase, three phase and LTCT/HT energy meters, smart meters, panel meters, prepayment meters (whereby a monetary limit can be set on the electricity to be supplied to a particular consumer), net metering solutions and transformer metering solutions remote communication facilities. All our tariff meters are certified by the BIS as conforming to the Indian Standards Index.
Set forth below are certain meters that we manufacture, categorized based on their end-use, as domestic and industrial:
The market for meters in India was estimated to be `3,000 crore in fiscal 2015, with organised participants contributing to over 80% of the total market. There has been a continued and visible shift from demand for traditional meters to demand for metering solutions, which helps in energy management as compared to mere monitoring and billing functionalities. During 2016-2020, the overall market for electricity meters is expected to grow at a CAGR of 11.5%, with prepayment meters expected to grow more than the overall growth rate, at a CAGR of 15.1%, and smart meters expected to grow at a CAGR of 5.3 per cent. However, the market for meters is expected to witness explosive growth subsequent to 2022, when the proposed civil works for smart cities and smart grids will near completion, paving way for a robust demand for smart meters. Particularly smart meters are expected to see a double digit growth once bottle-necks surrounding the smart grid projects are cleared.
The market for electricity meters is growing in India and initiatives of the Government such the Deen Dayal Upadhaya Gram Jyoti Yojna and Integrated Power Development Scheme are expected to give impetus to the meter market.