Electric Sub Meters

Global Electric Sub Meters Market to Reach US$23.3 Billion by 2030

The global market for Electric Sub Meters estimated at US$17.2 Billion in the year 2024, is expected to reach US$23.3 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Single Phase, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$14.0 Billion by the end of the analysis period. Growth in the Three Phase segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.7 Billion While China is Forecast to Grow at 8.0% CAGR

The Electric Sub Meters market in the U.S. is estimated at US$4.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 8.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Electric Sub Meters Market – Key Trends & Drivers Summarized

Why Are Electric Sub Meters Gaining Prominence in Smart Energy Management?
Electric sub meters, which measure power consumption beyond the main utility meter, are becoming essential tools for granular energy monitoring across residential, commercial, and industrial facilities. As global energy efficiency regulations grow stricter and smart building initiatives gain traction, sub meters are emerging as crucial components of intelligent energy infrastructure. These meters allow building managers, tenants, and facility owners to allocate electricity usage accurately, track specific load consumption, and detect inefficiencies across floors, departments, or equipment.

The market is experiencing a technological shift toward digital and IoT-enabled sub meters that allow real-time energy monitoring, remote access, and integration with building management systems (BMS). Advanced models now feature multi-channel support, automated alerts, and built-in analytics that enable users to conduct load profiling and consumption forecasting. Players such as Schneider Electric, Siemens, Leviton, and ABB are expanding their portfolios to include wireless, cloud-connected, and modular sub metering systems tailored to both retrofits and new constructions. As global sustainability frameworks like LEED and BREEAM emphasize sub metering as a compliance tool, adoption is expanding across geographies and building types.

Which Markets and Sectors Are Driving the Surge in Demand?
The commercial real estate sector, including office buildings, malls, and data centers, is currently the largest adopter of electric sub meters. Demand is being propelled by the need to monitor tenant-level energy consumption for billing accuracy and regulatory compliance. Multi-family residential properties and apartment complexes are also witnessing increased installations as property owners seek fair energy cost distribution and energy conservation incentives. Moreover, industrial facilities are adopting sub meters to identify power-intensive processes, monitor production line efficiency, and align with decarbonization goals.

Geographically, North America and Europe are leading adoption due to established smart grid infrastructure and government mandates for energy transparency. However, Asia-Pacific is witnessing the fastest growth, supported by rapid urbanization, rising electricity demand, and large-scale smart city deployments in countries such as India, China, and South Korea. The proliferation of distributed energy resources (DERs) like solar panels and battery storage is also expanding use cases for sub meters, as facility owners seek to track self-generated versus grid-imported electricity with precision.

The Growth in the Electric Sub Meters Market Is Driven by Several Factors…
The growth in the electric sub meters market is driven by several technology-driven and end-use specific factors. Technological advances in wireless communication protocols—such as Zigbee, LoRaWAN, and NB-IoT—are enabling seamless integration of sub meters into building automation and utility platforms, eliminating the need for costly rewiring. Enhanced data visualization tools and mobile-accessible dashboards allow users to make informed energy decisions in real time, while cybersecurity improvements ensure secure transmission of sensitive usage data.
From an application standpoint, the drive toward energy efficiency certification, carbon neutrality targets, and mandatory reporting of energy performance across industrial and commercial sectors is creating sustained demand. Sub metering is also gaining relevance in electric vehicle charging stations, co-working spaces, and university campuses, where individualized consumption tracking is critical for billing and load balancing. Additionally, government-funded retrofit programs and green building incentives are accelerating installation rates, especially in legacy buildings. Together, these developments are reinforcing the role of electric sub meters as a foundational element in smart, sustainable power management systems.

SCOPE OF STUDY:

The report analyzes the Electric Sub Meters market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Single Phase, Three Phase); Application (Residential, Commercial, Industrial); End-User (Utility Companies, Building Owners, Industrial Facilities)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• ABB Ltd.
• Aclara Technologies LLC
• Apator Group
• Badger Meter, Inc.
• Bentec Electricals & Electronics
• Chint Group Co., Ltd.
• Diehl Stiftung & Co. KG
• Eaton Corporation plc
• Elster Group GmbH (Honeywell)
• General Electric Company
• Genus Power Infrastructures Ltd.
• Holley Technology Ltd.
• Itron Inc.
• Kamstrup A/S
• Landis+Gyr AG
• Leviton Manufacturing Co., Inc.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• Xylem Inc. (Sensus)

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher. Show more