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Global Electric Sub Meter Market Research Report: Forecast (2023-2028)

By Product (Smart Sub-Meter, Electronic Sub-Meter (Non-Socket Type), Electromechanical Sub-Meter (Socket Type)), By Phase (Single Phase, Three Phase), By End-User Application (Indu......strial, Residential, Commercial), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Bentec Electricals & Electronics Pvt. Ltd., General Electric, Genus Power Infrastructures Ltd., Hexing Electric Co. Ltd., Itron Inc., Kamstrup A/S, Leviton Manufacturing Co. Inc., Mitsubishi Electric Corporation, Osaki Electric Co. Ltd, Schneider Electric, Siemens AG, Xylem Inc., Others) Read more

Energy
Aug 2023
Pages 195
Report Format: PDF, Excel, PPT

Market Definition

An electric sub meter is an electric device designed to record, measure, & monitor energy consumption, supporting various energy forms such as heat, water, electricity, or gas. The meter usually supports the single-phased environment, including indoor & outdoor. These meters gather real-time energy consumption information on the entire facility & equipment. From here, the recorded information is conveyed to the utility meter for monitoring & transactional purposes, enabling synchronization between the control system & the meter. With such data acquisition & communication devices, information regarding energy loads is measured & communicated accordingly

Market Insights & Analysis: Global Electric Sub Meter Market (2023-28)

The Global Electric Sub Meter Market size was valued at around USD7.5 billion in 2022 and is projected to grow at a CAGR of about 6% during the forecast period, i.e., 2023-28. The market is driven by the growing awareness among individuals about the availability of electrical sub-metering systems for quality monitoring & accurate management, augmenting its deployment across residential & corporate locations.

Besides, with the capabilities of gathering & tracking real-time energy consumption while precisely monitoring & eliminating energy wastage, the installation of these meters is escalating swiftly. Other facilities, like detecting exact energy usage & preventing any critical issues by offering early maintenance allow users to minimize operational costs & improved energy management. These aspects are also aiding in upscaling the Global Electric Sub Meter Market share.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	6%
Regions Covered	North America: The US, Canada, Mexico
	South America: Brazil, Argentina, Rest of South America
	Europe: Germany, France, Italy, The UK, Spain, Rest of Europe
	Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Qatar, Rest of Middle East and Africa
Key Companies Profiled	Bentec Electricals & Electronics Pvt. Ltd., General Electric, Genus Power Infrastructures Ltd., Hexing Electric Co. Ltd., Itron Inc., Kamstrup A/S, Leviton Manufacturing Co. Inc., Mitsubishi Electric Corporation, Osaki Electric Co. Ltd, Schneider Electric, Siemens AG, Xylem Inc., Others
Market Size (2022)	USD 7.5 Billion

Moreover, with the wide application of these meters, the leading players shall witness the presence of lucrative opportunities to expand their product portfolio, visibility, and consumer base worldwide, directing the market toward substantial growth during the forthcoming period.

Furthermore, with the advent of the Internet of Things (IoT) in recreating age-old energy infrastructure, governments of different countries worldwide are keen to deploy sub meters in upcoming energy projects. Such aspects are stimulating the interest of major players to bring innovations in the electric sub-meters & cater to the burgeoning demands, therefore contributing to upscaling the market growth graph.

Global Electric Sub Meter Market Driver:

Increasing Government Focus on Brining Energy Efficiency Across Sectors – As each industry is assuring to bring energy efficiency to regulate automation in different applications, the demand for Electric sub-meter is escalating rapidly. This preferential shift is also augmenting the popularity of the electric sub-meters over conventional alternatives, including electric & electrochemical sub-meters.

Global Electric Sub Meter Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Impact of COVID-19 on Global Electric Sub-Meter Market
Global Electric Sub-Meter Market Regulations & Policy
Global Electric Sub-Meter Market Trends & Insights
Global Electric Sub-Meter Market Dynamics
1. Growth Drivers
2. Challenges
Global Electric Sub-Meter Market Hotspots & Opportunities
Global Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
    1. Smart Sub-Meter
    2. Electronic Sub-Meter (Non-Socket Type)
    3. Electromechanical Sub-Meter (Socket Type)
  2. By Phase
    1. Single Phase
    2. Three Phase
  3. By End-User Application
    1. Industrial
    2. Residential
    3. Commercial
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
  2. By Phase
  3. By End-User Application
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Segmentation & Revenues Share
    1. By Product
    2. By End-User Application
4. Canada Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
5. Mexico Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
South America Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
  2. By Phase
  3. By End-User Application
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
4. Argentina Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
Europe Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
  2. By Phase
  3. By End-User Application
  4. By Country
    1. The UK
    2. Germany
    3. France
    4. Spain
    5. Italy
    6. Rest of Europe
3. The UK Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
4. Germany Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
5. France Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
6. Spain Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
7. Italy Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
Middle East & Africa Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
  2. By Phase
  3. By End-User Application
  4. By Country
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Qatar
    5. Rest of Middle East & Africa
3. Saudi Arabia Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
4. UAE Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
5. South Africa Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
6. Qatar Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
Asia Pacific Electric Sub-Meter Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Product
  2. By Phase
  3. By End-User Application
  4. By Country
    1. China
    2. India
    3. Japan
    4. Rest of Asia-Pacific
3. China Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
4. India Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
5. Japan Electric Sub-Meter Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Product
    2. By End-User Application
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Solutions Offered, Business Segments, Financials, Future Plans)
  1. Bentec Electricals & Electronics Pvt. Ltd.
  2. General Electric
  3. Genus Power Infrastructures Ltd.
  4. Hexing Electric Co. Ltd.
  5. Itron Inc.
  6. Kamstrup A/S
  7. Leviton Manufacturing Co. Inc.
  8. Mitsubishi Electric Corporation
  9. Osaki Electric Co. Ltd
  10. Schneider Electric
  11. Siemens AG
  12. Xylem Inc.
  13. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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