Report Overview:
The following report titled “Global Electric Sub Meter Market: 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 (Industrial, Residential, Commercial) and other forecast 2023-2028” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Electric Sub Meter Market Summary
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.
Report Coverage & Details
- Forecast Period: 2023–2028
- Base Year: 2022
- Market Size in 2022: USD 7.5 billion
- CAGR: 6%
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Electric Sub Meter Market Trend:
Increasing Adoption of Smart Metering to be a New Market Trend – The adoption of smart meters has been an emerging trend in the market, gaining wide installation in residential, commercial, and industrial buildings. Smart meters are advanced digital devices that provide real-time electricity consumption data to both consumers & utility companies & enable remote reading, two-way communication, and help consumers in monitoring & optimize their energy usage. This continuous flow of information allows consumers to access detailed insights into their energy consumption patterns, helping them to take wise decisions about their electricity usage and, ultimately, reducing their energy bills.
Segmentation Analysis: Electric Sub Meter Market
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
- Industrial
- Residential
- Commercial
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Leading Players Analysis: Electric Sub Meter Market
The report provides detailed analysis of key players in the global Electric Sub Meter market, highlighting their strategies and competitive scenario.
- 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
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- Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.
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