The Global Electric Sub-meters Market size is expected to reach USD 22.12 billion by 2032, rising at a market growth of 6.2% CAGR during the forecast period.
The electric sub-meters market has recently developed into advanced systems focused on sustainability, regulatory compliance, and energy management. The electric sub-meters market has witnessed significant growth owing to elements such as energy crises, increasing electricity prices, and government policies like the Energy Policy Act of 2005 and the US Public Utility Regulatory Policies Act of 1978, supporting larger adoption. Technological advancements have resulted in the transformation of sub-meters into digital platforms with the ability of real-time monitoring, support for sustainability certifications such as BREEAM and LEED, and integration with building management systems.
The electric sub-meter market is anticipated to grow steadily because of compliance-driven sustainability needs, rising demand for real-time visibility, IoT-enabled, and wireless solutions. Modern sub-meters offer detailed insights at the load level, enabling facility managers to manage operations, detect inefficiencies, and comply with energy efficiency mandates. IoT connectivity and wireless technologies have reduced installation costs and made sub-metering scalable. Also, the demand is surging continuously because of the favourable regulatory frameworks globally. The market is intensely competitive, shaped by digital transformation, bundled solutions, and product innovations. The market is witnessing a massive transformation from hardware-based bill tools to data-driven ecosystems that support decarbonization, efficiency, and compliance.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
In the Asia Pacific and LAMEA regions, the electric sub-meter market is predicted to witness substantial expansion during the forecast period. The expansion is driven by the modernization of infrastructure, government-led energy efficiency programs, and rapid urbanization. Regional nations such as Japan, India, and China are experiencing large adoption because of increasing energy costs, smart city initiatives, and policies mandating advanced metering in industrial and commercial sectors. Furthermore, the LAMEA region’s market expansion is driven by energy conservation initiatives, new construction projects, and the demand for cost-effective retrofit solutions. IoT-enabled and wireless sub-meters are gaining traction in the regions because of their ease of deployment and affordability.
Key Highlights:
- The North America market dominated Global Electric Sub-meters Market in 2024, accounting for a 34.00% revenue share in 2024.
- The U.S. market is projected to maintain its leadership in North America, reaching a market size of USD 4.71 billion by 2032.
- Among the various Phase, the Three Phase segment dominated the global market, contributing a revenue share of 52.51% in 2024.
- In terms of Type, Electronic Sub-Meters segment are expected to lead the global market, with a projected revenue share of 33.50% by 2032.
- The Wired segment emerged as the leading Connectivity in 2024, capturing a 68.67% revenue share, and is projected to retain its dominance during the forecast period.
- The Industrial Market in End Use is poised to grow at the market in 2032 with a market size of USD 9.20 billion and is projected to maintain its dominant position throughout the forecast period.
The electric sub-meters market has recently developed into advanced systems focused on sustainability, regulatory compliance, and energy management. The electric sub-meters market has witnessed significant growth owing to elements such as energy crises, increasing electricity prices, and government policies like the Energy Policy Act of 2005 and the US Public Utility Regulatory Policies Act of 1978, supporting larger adoption. Technological advancements have resulted in the transformation of sub-meters into digital platforms with the ability of real-time monitoring, support for sustainability certifications such as BREEAM and LEED, and integration with building management systems.
The electric sub-meter market is anticipated to grow steadily because of compliance-driven sustainability needs, rising demand for real-time visibility, IoT-enabled, and wireless solutions. Modern sub-meters offer detailed insights at the load level, enabling facility managers to manage operations, detect inefficiencies, and comply with energy efficiency mandates. IoT connectivity and wireless technologies have reduced installation costs and made sub-metering scalable. Also, the demand is surging continuously because of the favourable regulatory frameworks globally. The market is intensely competitive, shaped by digital transformation, bundled solutions, and product innovations. The market is witnessing a massive transformation from hardware-based bill tools to data-driven ecosystems that support decarbonization, efficiency, and compliance.
COVID-19 Impact Analysis
The COVID-19 pandemic had a huge effect on the global electric sub-meters market. Manufacturing shut down, there weren't enough raw materials, and workers weren't available, which caused delays in production and the cancellation of projects. End-use sectors like construction, real estate, and commercial buildings had to close, put projects on hold, and couldn't get the money they needed, which lowered the immediate need for sub-meters. Utility companies and property managers also had to move money from smart metering projects to important operations, and installation services were delayed because of health restrictions. Trade restrictions between countries made it even harder to export and import goods, especially between Asia Pacific and Europe. The pandemic caused a sharp drop in the market, which slowed growth and pushed back recovery timelines by several quarters. Thus, the COVID-19 pandemic had a negative impact on the market.Driving and Restraining Factors
Drivers
- Growing Demand for Energy Efficiency and Conservation
- Technological Advancements in Smart Metering Solutions
- Urbanization and Infrastructure Development
- Regulatory and Sustainability Mandates
Restraints
- High Initial Investment and Installation Complexity
- Lack of Standardization and Interoperability
- Data Security, Privacy Concerns and Consumer Awareness Gaps
Opportunities
- Integration with Electric Vehicle (EV) Charging Infrastructure
- Emerging & Under-served Markets in Developing Economies
- Smart Grid & IoT-Enabled Energy Management Solutions
Challenges
- Data Security, Privacy, and Vulnerability to Tampering
- Interoperability, Standardization, and Technology Fragmentation
- Deployment, Installation, and Operational Complexities
Market Share Analysis
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Connectivity Outlook
Based on Connectivity, the market is segmented into Wired, and Wireless. The wireless segment held 31% revenue share in the market in 2024. With growing adoption of smart grid technologies, IoT integration, and the demand for flexible energy monitoring solutions, wireless sub-meters are gradually gaining traction. These systems are particularly suited for retrofitting in existing structures, where laying physical wiring may be difficult or costly.
End Use Outlook
Based on End Use, the market is segmented into Industrial, Commercial, Residential, and Other End Use. The commercial segment attained 30% revenue share in the market in 2024. Businesses such as office complexes, shopping malls, educational institutions, and healthcare facilities rely on these devices to track energy usage across different tenants, departments, or service areas. By enabling transparent billing and effective energy allocation, sub-meters support cost-saving initiatives and sustainability goals.Regional Outlook
Region-wise, the electric sub-meters market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 34% revenue share in the market in 2024. The electric sub-meter market is anticipated to grow at a high rate in North America and Europe. The expansion is supported by stringent regulatory frameworks, large adoption of smart building technologies, and sustainability goals. In Canada and the US, policies promoting transparency and energy efficiency in utility billing have made sub-metering a necessity in multi-tenant residential and commercial properties. Moreover, Europe’s growth is backed by elements such as carbon reduction targets, strict building energy codes, and certifications such as LEED and BREEAM, that require granual energy monitoring. Region’s expansion is also influenced by the rapid integration of IoT-enabled, digital solutions into building management systems, with facility managers looking for real-time insights.In the Asia Pacific and LAMEA regions, the electric sub-meter market is predicted to witness substantial expansion during the forecast period. The expansion is driven by the modernization of infrastructure, government-led energy efficiency programs, and rapid urbanization. Regional nations such as Japan, India, and China are experiencing large adoption because of increasing energy costs, smart city initiatives, and policies mandating advanced metering in industrial and commercial sectors. Furthermore, the LAMEA region’s market expansion is driven by energy conservation initiatives, new construction projects, and the demand for cost-effective retrofit solutions. IoT-enabled and wireless sub-meters are gaining traction in the regions because of their ease of deployment and affordability.
Recent Strategies Deployed in the Market
- Sep-2025: ABB Ltd. unveiled a new series of smart electrical meters for digital panel and submetering applications, enhancing energy efficiency in residential, commercial, and industrial buildings. The M1M range offers multifunction monitoring, easy installation, and cloud integration via ABB Ability, enabling precise energy management and optimization across diverse sectors.
- Mar-2025: Itron, Inc. announced the partnership with CHINT Global to launch the first residential smart electric meter based on the DLMS GCP standard, enhancing interoperability and multi-vendor integration. This GCP-compliant meter supports advanced metering infrastructure, streamlines deployment, and enables utilities to optimize grid operations, improve efficiency, and future-proof smart grid investments globally.
- Sep-2024: Landis+Gyr Group AG announced the partnership with Second Sight Systems (SSS) to upgrade Mountain View Electric Association’s (MVEA) Advanced Metering Infrastructure (AMI). The project includes new poles, pedestals, and makeready work, enhancing network efficiency and reliability. SSS oversees installations, permits, and inspections, supporting future-ready utility management with advanced metering technology and expert project coordination.
- Feb-2024: Landis+Gyr Group AG announced the partnership with SPAN to enhance grid-edge energy management, offering circuit-level submetering, load control, and DER flexibility. Their joint solution improves utility asset utilization, supports electrification, and empowers homeowners with real-time energy insights. Pilots in the U.S. aim to optimize grid efficiency, decarbonization, and customer engagement.
- Dec-2023: ABB Ltd. unveiled its Protecta Power panel board, integrating advanced digital monitoring, control, and smart MCCBs for flexible, reliable power distribution in commercial, institutional, and infrastructure buildings. It supports remote monitoring, submetering, and customizable layouts, enhancing efficiency, safety, and connectivity while meeting BS EN 61439 standards for modern electrical systems.
List of Key Companies Profiled
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- Itron, Inc.
- Landis+Gyr Group AG
- Eaton Corporation plc
- General Electric Company
- Mitsubishi Electric Corporation
- Xylem, Inc. (Sensus)
Market Report Segmentation
By Phase
- Three Phase
- Single Phase
By Type
- Electronic Sub-Meters
- Smart Sub-Meters
- Digital Sub-Meters
- Analog / Conventional Sub-Meters
- Other Type
By Connectivity
- Wired
- Wireless
By End Use
- Industrial
- Commercial
- Residential
- Other End Use
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 6. Competition Analysis- Global
Chapter 11. Global Electric Sub-meters Market by Phase
Chapter 12. Global Electric Sub-meters Market by Type
Chapter 13. Global Electric Sub-meters Market by Connectivity
Chapter 14. Global Electric Sub-meters Market by End Use
Chapter 15. Global Electric Sub-meters Market by Region
Chapter 16. Company Profiles
Companies Mentioned
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- Itron, Inc.
- Landis+Gyr Group AG
- Eaton Corporation plc
- General Electric Company
- Mitsubishi Electric Corporation
- Xylem, Inc. (Sensus)
