'Permanent Magnets has released a presentation that focuses on smart meter manufacturing industry.

India is gearing up for a massive smart meter implementation program (250 million units).The replacement of traditional meters with modern monitoring technologies drives industry dynamics. Smart grid networks, government regulations and directives implemented for smart meter implementation will fuel market expansion.

On the one hand, the smart meter infrastructure is to empower customers by allowing them to choose their power suppliers and on the other hand, it is expected to help distribution companies prevent power theft by reducing human interference in metering, invoicing, and dues collection.

Global EV sales have shown strong and consistent growth, rising from 2.2 million units in 2019 to 16.6 million in 2024. China has led this surge, contributing over 60% of global EV sales in 2024 alone. However, the growth rate is gradually decelerating, indicating a shift fr...

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