Electric Submeter Market will reach at US$ 12.12 Bn by the end of 2032 with Top key players-Landis+Gyr, Itron（Silver Spring Networks）, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Aclara, Sagemcom, Leviton, Echelon, Nuri Telecom, E-Mon,

The electric sub-meter market is projected to cross the value mark of US$ 12.12 Bn by the end of 2032. The Multilin EPM 4600 Multi-feed Power and Energy Meter by tech giant General Electric (GE) is gaining recognition for quickly, accurately, and centrally measuring power and energy usage in specific areas to help reduce operating expenses. Recession is going to hit soon badly, know your market well.

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Electric Sub-meter Market: Overview
According to Transparency Market Research's latest research report on the global electric sub-meter market for the historical period 2018-2019 and the forecast period 2020-2030, increasing adoption of electric sub-meters in commercial and industrial applications is expected to boost the global electric sub-meter market across the world
In terms of revenue, the global electric sub-meter market is estimated to exceed the value of US$ 7.74 Bn by 2030, expanding at a CAGR of ~4.45% during the forecast period
The electric sub-meter market is likely to expand at a considerable pace during the forecast period, owing to mandatory regulations for its installation in developed countries and growing practice of energy management across the world
Usage of Electric Sub-meters in Commercial and Industrial Sectors: A Key Driver
Commercial and industrial sites across the world are witnessing rising demand for electric sub-meters for monitoring, controlling, and managing proper energy
Real‐time sub-metering offers several benefits to buildings such as equipment performance optimization, smarter alarms implementation, dynamic control, and project performance verification
Sub-metering data maximizes energy and operational savings in a comprehensive building automation system, thereby enabling advanced analysis and dynamic control changes to manage energy uses
Thus, rising demand for electric sub-meters in commercial and industrial sectors across the world is expected to drive the market during the forecast period
However, high cost of electric sub-meters is one of the major factors affecting the global electric sub-meter market. Furthermore, smart sub-metering adds to the cost of data collection and analysis as well as maintenance.
Impact of the restraint is anticipated to reduce during the forecast period with growing awareness regarding efficient energy management, accurate billing, and greater transparency
Increasing Applications of Electric Sub-meters in Industrial Sector
The industrial sector is projected to be the most attractive segment, owing to increasing installation of electric sub-meters in process industries, manufacturing, etc., to leverage dynamic control strategies and verify project performance
Furthermore, stringent government regulations have been laid down to install electric-sub meters in industries. Therefore, the industrial sector is likely to account for almost half of the global electric sub-meters during the forecast period.
Specifically, three phase electric sub-meters are experiencing increased adoption in industries for equipment performance optimization, project performance visualization, and to monitor sustainable sources of energy. Revenue grade sub-meters are highly preferred over standard sub-meters in manufacturing and other industrial applications.
Furthermore, smart sub-meters are replacing non-smart electronic sub-meters in manufacturing and process industries, since they enable advanced analysis and dynamic control changes to manage energy use. Therefore, despite the high cost, their adoption is growing considerably in the industrial sector of developed countries of North America and Europe.

The Global Electric Submeter Market Size is Projected to Reach a CAGR of 39% during 2022-2029.

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Major Market Players Profiled in the Report include:

Landis+Gyr, Itron（Silver Spring Networks）, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Aclara, Sagemcom, Leviton, Echelon, Nuri Telecom, E-Mon, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, Techrise Electronics, Chintim Instruments, XJ Measurement & Control Meter, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holley Metering, Wellsun Electric Meter, Sunrise, Xiou International Group, Pax Electronic Technlogy
Electric Sub-meter Market: Key Developments
Key providers of electric sub-meters, such as Schneider Electric, Kamstrup, GE Digital Energy, and Honeywell International Inc., are focusing on technological developments in their electric sub-meter product portfolio. For instance, several manufacturers such as General Electric Co. and Siemens AG provide multi-functional sub-meters with Ethernet, Modbus, and Wi-Fi communication connections. They are also incorporating current transformers instead of current sensors in order to increase the current handling capacity of electric sub-meters, specifically in commercial and industrial sectors.
Some other key developments in the global electric sub-meter market are highlighted below:
In November 2020, Kamstrup signed a partnership with Goteborg Energi for a turnkey smart metering solution. The partnership helped to replace 275,000 electricity meters with new intelligent meters with the latest technology in Sweden. Furthermore, in the same year, Kamstrup announced a strategic partnership with Avance Metering to enable an easy transition from old to new intelligent metering generation.
In September 2020, Schneider Electric launched a smart equipment that is expected to help electricity distribution companies in Nigeria to fix grid faults, restoring power after disruption in less than a minute
In the global electric sub-meter market report, we have discussed individual strategies, followed by company profiles of providers of electric sub-meters. The 'Competition Landscape' section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global electric sub-meter market.
Electric Sub-meter

Electric Submeter Market Segmentation by Type:

Current Transformer, Rogowski Coil.

Electric Submeter Market Segmentation by Application:

Residential, Commercial, Industrial

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REGIONAL ANALYSIS

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi peninsula, UAE), Egypt, Nigeria, and South Korea)
Key Questions Answered through the Report

(1) How will the global Electric Submeter market perform during the forecast period? What will be the market size in terms of value and volume?

(2) Which segment will drive the global Electric Submeter market? Which regional market will show extensive growth in the future? What are the reasons?

(3) How will the Electric Submeter market dynamics change because of the impact of future market opportunities, restraints, and drivers?

(4) What are the key strategies adopted by players to sustain themselves in the global Electric Submeter market?

(5) How will these strategies influence the Electric Submeter market growth and competition?

Key Insights That Study Is Going to Provide:

The 360-degree Electric Submeter Market overview is based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
Competitors - In this section, various Electric Submeter industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
A separate chapter on Electric Submeter Market Entropy to gain insights on Leader's aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
Patent Analysis No of patents / Trademarks filed in recent years.
Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study, and Research Scope Electric Submeter Market

Chapter 2: Exclusive Summary - the basic information of the Electric Submeter Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges of Electric Submeter

Chapter 4: Presenting Electric Submeter Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying 2015-2020 by Type, End-User, and Region

Chapter 6: Evaluating the top manufacturers in the Electric Submeter Market, including their Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, by countries, and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

Conclusion: At the end of the Electric Submeter Market report, all the findings and estimations are given. It also includes major drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.

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