The sub-meters market refers to the industry involved in the production, sale, and distribution of sub-meters. Sub-meters are electrical meters that are installed on individual circuits within a building, allowing for the measurement and monitoring of energy consumption on a more granular level than traditional utility meters.
The sub-meters market has grown in recent years due to increasing awareness of the importance of energy efficiency and the need for accurate measurement and monitoring of energy consumption in buildings. Sub-meters are commonly used in commercial, industrial, and residential settings to track energy usage, identify inefficiencies, and make informed decisions about energy conservation measures.
Factors driving the growth of the sub-meters market include increasing demand for energy-efficient solutions, government regulations aimed at reducing energy consumption and carbon emissions, and the need for accurate measurement and billing of energy usage in multi-tenant buildings. However, the market also faces challenges such as competition from traditional utility meters and high installation costs for sub-meters in some cases.
Global electric sub-meter sales were valued at around US$ 9.74 Bn at the end of 2021. The market is projected to register 3% CAGR and reach a valuation of US$ 12.8 Bn by 2030. Sales of electric sub-meters accounted for approximately 35% share of the global electric meters market in 2021.
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Market Segmentations:
Global Sub-Meters Market: By Company
• E-Mon
• Leviton
• Schneider Electric
• ABB
• Itron
• GE Digital Energy
• Siemens
• Kamstrup
• DAE
• DOE
• Davidge Controls
• EKM Metering
• Dent
• Norgas
• nextcenturymeters
• Safari
• Fineco
• ONICON
• Gomelong
• Eastron
Global Sub-Meters Market: By Type
• Electric Submeter
• Water Submeter
• Gas Submeter
• Heat & BTU Submeter
Global Sub-Meters Market: By Application
• Residential Application
• Commercial Application
• Industrial Application
Global Sub-Meters Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Sub-Meters market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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