Electric Submeters Market by Type, by End-User, by Applications, by Deployment & by Technology 2032
Global Electric Submeters Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The Electric Submeters Market is experiencing significant growth as industries and consumers alike demand more efficient and accurate ways to monitor energy consumption. With an increasing focus on energy conservation and sustainability, electric submeters have become essential in helping businesses, households, and municipalities track their energy usage. These devices are vital for monitoring individual consumption in multi-unit buildings, industrial sites, and commercial facilities, allowing for precise billing and efficient energy management.
As energy efficiency becomes a priority, the electric submeters market has expanded rapidly. According to recent studies, the market is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030, driven by rising demand for energy-saving solutions. The adoption of smart grids and advanced metering infrastructure (AMI) has propelled the demand for electric submeters, enabling real-time data collection, enhanced energy management, and improved decision-making. The integration of Internet of Things (IoT) technologies has also added value by enabling remote monitoring and control, further boosting market growth.
Various factors contribute to the increasing popularity of electric submeters, including government regulations and incentives aimed at reducing carbon footprints, as well as growing awareness of the environmental impact of energy waste. Industries like real estate, hospitality, healthcare, and manufacturing are investing in electric submeters to optimize their energy usage, reduce operational costs, and comply with energy management regulations. Additionally, the shift towards renewable energy sources and distributed generation has created the need for more accurate metering to manage fluctuating power inputs.
The market is segmented by type, application, and region. While residential applications dominate the market, commercial and industrial sectors are expected to witness significant growth in the coming years. In regions like North America and Europe, strict energy efficiency standards are pushing the adoption of advanced metering solutions. In emerging economies, increasing urbanization and infrastructure development are driving the demand for submeters to manage energy consumption in rapidly growing cities.
Get an In-Depth Research Analysis of the Global Electric Submeters Market Size And Forecast [2025-2032]
Who are the largest Global manufacturers in the Electric Submeters industry?
- Emon
- Leviton
- Schneider Electric
- Honeywell(Elster Group)
- Landis&Gyr
- Itron
- GE Digital Energy
- Siemens
- Kamstrup
- Xylem Inc
- Itron
- ABB
- Aclara
- Nuri Telecom
- Sagemcom
- Trilliant
- Iskraemeco
- Echelon
- Tantalus Systems
- ZIV
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Electric Submeters Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Submeters Market
- Residential
- Commercial
- Industrial
What are the types of Electric Submeters available in the Market?
Based on Types the Market is categorized into Below types that held the largest Electric Submeters market share In 2023.
- Electric Meters
- BTU Electric Meters
- Water Electric Meters
- Gas Electric Meters
Which regions are leading the Global Electric Submeters Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Electric Submeters Market Research Report, 2024-2032
1. Introduction of the Global Electric Submeters Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Electric Submeters Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Electric Submeters Market, By Type
6. Global Electric Submeters Market, By Application
7. Global Electric Submeters Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Electric Submeters Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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