Press release
Electric Submeter North America Market to Reach USD 3.46 Billion by 2034
Electric Submeter
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Key Takeaways
• Market Size: USD 2.01 billion (2024) → USD 3.46 billion (2034)
• CAGR: 5.7 % (2025-2034)
• Top Segments: Smart (Networked) Submeters lead; residential retrofit segment gaining traction
• End Use: Commercial Buildings, Industrial Facilities, Residential Complexes, Data Centers
• Regional Leader: United States accounts for ≈ 78 % of total regional revenue
Market Story
As North America accelerates toward net-zero energy goals, the demand for advanced electric submetering solutions has intensified. These systems allow building managers and utilities to measure energy consumption at a granular level-by floor, tenant, or equipment-enabling data-driven optimization and cost recovery.
Government programs such as the U.S. Department of Energy's Better Buildings Initiative and Canada's Net-Zero Emissions 2050 Plan are promoting the deployment of submeters across industrial and commercial properties. In parallel, ESG-driven investors are pushing companies to report real-time energy metrics, making submetering indispensable for sustainability compliance.
Technological evolution is reshaping the market landscape: IoT-enabled submeters, cloud dashboards, AI-based load analytics, and BACnet/Modbus integration are now standard. These innovations are helping facility managers reduce energy costs by up to 20 %, while utilities leverage sub-meter data to balance grid loads and incentivize efficiency.
Segmentation Overview
By Type
• Smart / Networked Submeters
• Digital Submeters
• Analog Submeters
By Phase
• Single-Phase Meters
• Three-Phase Meters
By End User / Application
• Commercial Buildings (Offices, Retail, Hospitals, Hotels)
• Industrial Facilities (Manufacturing, Warehouses)
• Residential (Multi-Family, Apartments)
• Utilities and Energy Service Companies
• Data Centers and Critical Infrastructure
By Communication Technology
• Wired (Ethernet, RS-485)
• Wireless (Wi-Fi, Zigbee, LoRaWAN)
• Cloud / IoT Platforms
By Country
• United States
• Canada
• Mexico
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Recent Developments
• Siemens AG expanded its Sentron PAC series with IoT-ready submeters for commercial energy analytics.
• Schneider Electric launched its PowerLogic ION9000 platform with integrated cybersecurity for industrial power monitoring.
• Honeywell International Inc. rolled out wireless submetering kits tailored for retrofitting legacy buildings.
• Leviton Manufacturing Co. introduced Evr-Green submeter modules supporting EV-charging infrastructure.
• Itron Inc. collaborated with U.S. utilities to pilot AI-based load-forecasting using sub-meter data.
Expert Quote
"The future of North American energy management lies in real-time sub-meter intelligence.
As ESG mandates tighten and electricity prices fluctuate, organizations that adopt smart submetering will achieve both compliance and cost leadership,"
said Irfan Tamboli, Business Development Executive at Exactitude Consultancy.
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Market Drivers
• Escalating focus on energy conservation and carbon neutrality
• Growing deployment of smart grids and advanced metering infrastructure (AMI)
• Rising construction of commercial buildings and data centers
• Increasing adoption of ESG reporting and LEED/BREEAM certification
• Expansion of electric vehicle charging networks requiring localized energy tracking
Forecast and Outlook
The North American electric submeter market will continue expanding as new-build and retrofit projects adopt digital energy management. By 2034, over 70 % of new commercial properties are expected to include networked submeter systems at design stage.
Smart submeters will dominate future installations, growing at over 7 % CAGR as building automation, HVAC optimization, and AI analytics converge. Integration with Building Management Systems (BMS) and cloud-based dashboards will remain central to operational efficiency, predictive maintenance, and tenant billing.
Regional Insights
• United States: Leads due to strong building-energy codes, advanced IoT infrastructure, and utility incentive programs.
• Canada: Adopting submeters across commercial buildings and multi-unit residences under federal energy-efficiency mandates.
• Mexico: Gaining traction in industrial corridors with sub-billing and grid modernization initiatives.
Conclusion
The North America Electric Submeter Market represents the intersection of technology, regulation, and sustainability. With growing emphasis on transparent energy reporting and real-time load control, demand for smart submetering will surge across utilities, data centers, and property management sectors. Vendors that deliver scalable, interoperable, and cybersecurity-ready solutions will lead this transformation.
This report is also available in the following languages : Japanese (北米電気サブメーター), Korean (북미 전기 서브미터), Chinese (北美电表计量), French (Sous-compteur électrique Amérique du Nord), German (Elektrischer Unterzähler Nordamerika), and Italian (Contatore elettrico secondario Nord America), etc.
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About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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EMAIL ADDRESS: sales@exactitudeconsultancy.com
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