Electric Sub Meter Market Report 2025

The electric sub meter market size has grown strongly in recent years. It will grow from $9.77 billion in 2024 to $10.48 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to a rise in energy efficiency demands, increase in regulatory requirements for energy monitoring, growth in urbanization, expansion of commercial and residential construction, heightened focus on sustainability, the rise of smart grid infrastructure, and proliferation of renewable energy sources.

The electric sub meter market size is expected to see strong growth in the next few years. It will grow to $14.43 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing demand for energy efficiency, rising government regulations promoting smart grid systems, rising adoption of renewable energy sources, growing urbanization and infrastructure development, rising need for precise energy monitoring in industrial and residential sectors, and increasing focus on reducing electricity costs. Major trends in the forecast period include advancements in IoT integration for real-time data monitoring, adoption of smart meters for energy management, development of advanced billing solutions, adoption of cloud-based platforms for data analytics, and adoption of wireless sub metering.

The forecast of 8.3% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The imposition of tariffs may pose a significant challenge for U.S. utilities by increasing costs of smart metering semiconductors and IoT connectivity modules imported from Taiwan and South Korea, potentially reducing energy efficiency gains and raising grid modernization expenses. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated rise in the adoption of renewable energy sources is expected to significantly drive the growth of the electric sub-meter market in the coming years. Renewable energy, derived from naturally replenished resources such as solar, wind, and geothermal power, is sustainable and environmentally friendly. These energy sources contribute to reducing greenhouse gas emissions and addressing climate change. The increasing adoption of renewable energy is motivated by its environmental benefits, including decreased greenhouse gas emissions and its role in mitigating climate change. Electric submeters play a crucial role in managing and optimizing renewable energy systems by monitoring the production, consumption, and distribution of energy generated from sources such as solar, wind, and hydro. For instance, a report from the World Resources Institute in February 2024 noted that the United States achieved a historic installation of 31 gigawatts (GW) of solar energy capacity in 2023, representing a remarkable 55% increase from 2022 and surpassing the previous record set in 2021. Thus, the rise in renewable energy adoption is a key driver for the electric sub-meter market.

Leading companies in the electric sub-meter market are focusing on technological innovations, such as integrating cloud computing platforms into energy meters to improve data accuracy, facilitate real-time energy monitoring, and provide advanced analytics for optimizing energy consumption and lowering operational costs. A cloud computing platform is an online system that offers data storage, processing, and management services. For example, in February 2022, ABB Ltd., a Switzerland-based automation firm, launched the M1M series of electrical measuring and power monitoring meters designed for digital panel meters. The M1M series provides cost-effective submetering solutions for commercial and industrial buildings and integrates with ABB's cloud platform to enable comprehensive system monitoring and energy optimization. These meters improve the efficiency of electrical systems by offering a complete range of measurement functions.

In June 2024, Ancala Partners LLP, a UK-based investment management company, acquired Solandeo GmbH for an undisclosed sum. This acquisition will enable Ancala to support Solandeo in delivering high-quality metering services to the expanding German energy market. Solandeo GmbH, based in Germany, specializes in renewable energy semiconductor manufacturing and provides smart meter solutions, including two-phase digital electric submeters.

Major companies operating in the electric sub meter market are Siemens AG, General Electric Company, Honeywell International Inc., ABB Ltd., Eaton Corporation plc, Chint Group Co. Ltd., Xylem Inc., Hubbell Incorporated, Schneider Electric SE, Leviton Manufacturing Company Inc., Itron Inc., Landis+Gyr AG, Jiangsu Linyang Energy Co. Ltd., Shenzhen Clou Electronics Co. Ltd, OK a.m.b.a. (Kamstrup), Ningbo Sanxing Smart Electric Co. Ltd., Charterhouse Capital Partners (Sagemcom), Shenzhen Techrise Electronics Co. Ltd., Holley Technology Ltd., NuriFlex Co. Ltd., Zhejiang Wellsun Electric Meter Co. Ltd., Ning Xia Yin Xing Energy Co. Ltd. (Longi), Zhejiang Hengye Electronics Co. Ltd., Star Treasure Investments Holdings Limited (Wasion Group), XJ Measurement & Control Meter Co. Ltd.

North America was the largest region in the electric sub meter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric sub meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric sub meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric sub meter market consists of sales of digital submeters, analog submeters, smart submeters, and prepaid submeters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sudden escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the pharmaceutical sector. Companies are grappling with higher costs on imported active pharmaceutical ingredients (APIs), glass vials, and laboratory equipment - many of which have limited alternative sources. Generic drug manufacturers, already operating with minimal profit margins, are particularly affected, with some scaling back production of low-margin medications. Biotech firms are also experiencing delays in clinical trials due to shortages of specialized reagents linked to tariffs. In response, the industry is shifting API production to regions like India and Europe, building up inventory reserves, and advocating for tariff exemptions on essential medicines.

The electric submeter market research report is one of a series of new reports that provides electric submeter market statistics, including electric submeter industry global market size, regional shares, competitors with a electric submeter market share, detailed electric submeter market segments, market trends and opportunities, and any further data you may need to thrive in the electric submeter industry. This electric submeter market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An electric sub-meter is a device designed to measure and monitor electrical consumption for a specific area or tenant within a larger electrical system. It functions similarly to a central electricity meter but is primarily used to track the electricity usage of individual units or zones within a building. Electric sub-meters are valuable tools for landlords, property managers, and facility operators, facilitating fair billing and efficient energy management.

The primary types of electric sub-metering available in the market include non-socket or electronic submeters, socket or electromechanical submeters, current transformers, and feed-through submeters. Non-socket or electronic submeters are advanced devices that measure electrical consumption without requiring a physical socket connection. These submeters can operate on single-phase or three-phase systems, catering to various applications across residential, commercial, and industrial sectors.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.