Electric Sub-meter Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

Continuous adoption to energy management solutions is the key factor contributes the growth of global electric-sub meter market. Electric-sub meter that records and measures the electricity usage for each individual unit of the building rather than having a single meter which measures the entire energy consumption of the building. Electric-sub meters are connected downstream from main utility meter and displays individual energy consumption of a residential/ commercial multi?unit buildings. Electric sub-meter allows building owners to bill individual tenant or unit owns for the actual energy consumption and also allowing individual unit owners to take measures to reduce the overall energy consumption. Deployment of electric-sum meters in multi-tenant spaces eliminates additional operational cost, resulting in a variety of environmental, economic, and equity benefits for both the tenant and the building owner.

Controlling monitoring, reducing, and granular reporting of electrical usage are growing importance to today’s facility managers particularly from commercial and industrial sector. Expanding regularity & compliance requirements on energy management, and rising focus on identifying key indicators for efficient electricity usage by industrial, or commercial/ and residential multi-tenant building owners is the prominent factor derives the growth of global electric-sub meter market. Continuous focus on developing efficient energy management strategies across commercial and industrial sector coupled with increasing interest on integrating sub-meters to cloud and big data software analytics to precisely analyse energy usage, accelerates the growth of global electric-sub meter market. Furthermore, government mandate to install sub-meters at the time of construction of a new building and expanding and continuous progression in Internet of Things (IoT) technologies to transform traditional energy infrastructure, further fuels the growth of global electric-sub meter market. However, lack of lack of public awareness about the potential benefits of energy management, is the key factor identified as restraints likely to deter the progression of global electric-sub meter market.

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Electric Sub-meter Market: Segmentation

The global electric-sub meter market is segmented on the basis of type, by application and by region.

Electric sub-meter market: Segmentation on the basis of type

  • Socket Type/Electromechanical Sub-meter
    • Feed-through Sub-meter
    • Current Transformer
  • Non-socket/Electronic Sub-meter
  • Smart Sub-meter

Electric sub-meter market: Segmentation on the basis of application

  • Commercial Establishments
    • Large Retail stores
    • Data Centers
    • Others
  • Residential Sector
  • Industrial Sector

Electric sub-meter market: Segmentation on the basis of region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa (MEA)
  • Asia Pacific excluding Japan (APEJ)
  • Japan.

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Electric Sub-meter Market: Regional Outlook

Among all regions electric-sub meter market in North America is expected to dominate the market, due to high importance for energy management solutions. Asia-Pacific is projected to be the fastest growing electric-sub meter market, due to expanding commercial & industrial sector and continuous adoption of sub-meters for energy management and tenant billing

Electric Sub-meter Market: Competition Landscape

Some of the prominent players in the global electric-sub meter market include GE Digital Energy, Siemens AG, Kamstrup,  Elster Group, Studebaker Submetering Inc., Leviton, Echelon, Nuri Telecom, E-Mon (Honeywell International Inc., Linyang Electronics, Schneider Electric, Chintim Instruments Submeter Solutions, Inc and LEM

The report covers exhaustive analysis on:

  • Electric Sub-meter Market segments
  • Electric Sub-meter Market dynamics
  • Historical Actual Market Size, 2015 – 2016
  • Passive Optical Network size & forecast 2017 to 2027
  • Ecosystem analysis
  • Electric Sub-meter Market current trends/issues/challenges
  • Competition & Companies involved technology
  • Value Chain
  • Electric Sub-meter Market drivers and restraints

Regional analysis for Electric Sub-meter Market includes

  • North America Market
    • US
    • Canada
  • Latin America Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Market
    • Poland
    • Russia
  • Asia Pacific Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Market
  • Middle East and Africa Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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