The global market for Electric Sub Meters was valued at US$17.2 Billion in 2024 and is projected to reach US$23.3 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Electric Sub Meters market.
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.
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.
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.
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.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
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.
Report Scope
The report analyzes the Electric Sub Meters market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Single Phase Meters segment, which is expected to reach US$14.0 Billion by 2030 with a CAGR of a 4.0%. The Three Phase Meters segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $4.7 Billion in 2024, and China, forecasted to grow at an impressive 8.0% CAGR to reach $4.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Sub Meters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Sub Meters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Sub Meters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as ABB Ltd., Aclara Technologies LLC, Apator Group, Badger Meter, Inc., Bentec Electricals & Electronics and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 36 companies featured in this Electric Sub Meters market report include:
- 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)
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What's Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 366 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 17.2 Billion |
| Forecasted Market Value ( USD | $ 23.3 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
