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Electric Energy Meter - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue

PRODUCT PROFILE An electricity meter or energy meter is a device that measures the amount of electric energy consumed by a residence, business, or an electrically powered device. Electricity meters are typically calibrated in billing units, the most common one being the kilowatt hour. A periodic reading of electric meters establishes billing cycles and energy used during a cycle. In settings when energy savings during certain periods are desired, meters may measure demand, the maximum use of power in some interval. In some areas the electric rates are higher during certain times of day, reflecting the higher cost of power resources during peak demand time periods. Also, in some areas meters have relays to turn off nonessential equipment. Implementing an electronic energy meter, can be as simple and inexpensive as using a single dedicated energy measurement IC (MCP3905) and a display/counter of choice. However, more advanced solutions are possible when adopting an 8 or 16 bit microcontroller (MCU), or even a 16 bit Digital Signal Controller (DSC). PARTS OF A METER TIMEKEEPING: One category of power meters is required to log multi rate energy usage, to track the energy consumed and the time of day so the power companies can bill correctly. Multi rate meters must record this switching from one rate to another very accurately. Keeping track of the electricity used, employing some form of timekeeping in electronic meters is required. ELECTRICITY METER SENSORS: Electricity meters measure current (amperes) and voltage (volts) and calculate the product of these values to determine electrical power (watts).There are two common methods for sensing the amount of current flowing in a wire. • The first method uses a shunt resistor to directly measure the amount of current, while • The second method uses an isolation transformer that indirectly measures current through the secondary winding. Applications Energy meters are devices that measure production, supply, and consumption of energy (electricity) at residences and commercial establishments. These meters include electromechanical meters and solid state meters. Energy meters are coil based devices wherein rotation of coil advances reading in meter & thereby determining the energy usage. Electricity meters provide a measurement of the number of kilowatt hours that have been consumed by a customer. To encourage more efficient use of electricity, utility companies would also like to measure the power factor of the load, and time of electricity consumption, among other things. Light dimmers, refrigerators, washing machines and dryers and HVAC, to name a few, provide a significant nonlinear load to the meter. Global demand India is also rapidly becoming a big exporter of energy meters with changing technology in its products. According to an international study, the total market for energy meters in the world is a round 40 million pieces with India’s share at 5.2 million (13%). Every house, small factory, business establishment, shops, offices etc. need at least one energy meter to register power consumption. Energy meters are a typical instrument to measure the amount of electricity or energy consumed by a user. It has been traditionally present in the market with the dominant types being the electromagnetic and static ones. However the market is steadily moving towards a newer generation meters which include smart and digital meters. Increasing government support in the sector as regards to the electrification activities is driving the market. In 2010, market penetration of advanced meters reached 8.7 percent in the U.S. compared with 4.7 percent in 2008. This same survey shows that seven states have achieved more than 15 percent market penetration: Arizona, Oregon, Idaho, Pennsylvania, Wisconsin, California and Missouri. Since there is a huge demand for electric energy meter in market therefore the entrepreneur venturing in this field expects an enormous success.
Plant capacity: 150000 No.s/AnnumPlant & machinery: 32 Lakhs
Working capital: -T.C.I: Cost of project: 170 Lakhs
Return: 42.00%Break even: 68.00%
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