Press release
Upcoming Market Forecast Study to Assess the Expansion of ELECTRIC Sub-meter Market for 2017-2027 Period
Electric Sub-meter Market: Market Dynamics
Controlling monitoring, reducing, and granular reporting of electrical usage are growing importance to today’s facility managers particularly from commercial and industrial sector. Expanding regularity & compliance requirements on energy management, and rising focus on identifying key indicators for efficient electricity usage by industrial, or commercial/ and residential multi-tenant building owners is the prominent factor derives the growth of global electric-sub meter market. Continuous focus on developing efficient energy management strategies across commercial and industrial sector coupled with increasing interest on integrating sub-meters to cloud and big data software analytics to precisely analyse energy usage, accelerates the growth of global electric-sub meter market. Furthermore, government mandate to install sub-meters at the time of construction of a new building and expanding and continuous progression in Internet of Things (IoT) technologies to transform traditional energy infrastructure, further fuels the growth of global electric-sub meter market. However, lack of lack of public awareness about the potential benefits of energy management, is the key factor identified as restraints likely to deter the progression of global electric-sub meter market.
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Electric Sub-meter Market: Segmentation
The global electric-sub meter market is segmented on the basis of type, by application and by region.
Electric sub-meter market: Segmentation on the basis of type
Socket Type/Electromechanical Sub-meter
Feed-through Sub-meter
Current Transformer
Non-socket/Electronic Sub-meter
Smart Sub-meter
Electric sub-meter market: Segmentation on the basis of application
Commercial Establishments
Large Retail stores
Data Centers
Others
Residential Sector
Industrial Sector
Electric sub-meter market: Segmentation on the basis of region
North America
Latin America
Western Europe
Eastern Europe
Middle East & Africa (MEA)
Asia Pacific excluding Japan (APEJ)
Japan.
Electric Sub-meter Market: Regional Outlook
Among all regions electric-sub meter market in North America is expected to dominate the market, due to high importance for energy management solutions. Asia-Pacific is projected to be the fastest growing electric-sub meter market, due to expanding commercial & industrial sector and continuous adoption of sub-meters for energy management and tenant billing
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Electric Sub-meter Market: Competition Landscape
Some of the prominent players in the global electric-sub meter market include GE Digital Energy, Siemens AG, Kamstrup, Elster Group, Studebaker Submetering Inc., Leviton, Echelon, Nuri Telecom, E-Mon (Honeywell International Inc., Linyang Electronics, Schneider Electric, Chintim Instruments Submeter Solutions, Inc and LEM
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