The Electric Sub Meter Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Electric Sub Meter Market?
The size of the electric sub meter market has experienced significant growth recently. The market will expand from $9.77 billion in 2024 to $10.65 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Electric Sub Meter Industry?
The Electric Sub Meter Global Market is expected to grow to $14.94 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%.
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What are the Key Growth Drivers Fueling the Electric Sub Meter Market?
The key drivers in the electric sub meter market are:
• Boost in the demand for increased energy efficiency
• Rising government policies in favor of smart grid systems
• Increased adoption of renewable energy resources
• Escalating urbanization and infrastructure development.
Global Market Segmentation: Identifying Major Electric Sub Meter Industry Segments
The electric sub metermarket covered in this report is segmented –
1) By Type: Non-Socket Or Electronic Sub-Meter, Socket Or Electromechanical Sub-Meter, Current Transformer, Feed-Through Sub-Meter
2) By Phase: Single Phase, Three Phase
3) By Application: Residential, Commercial, Industrial
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What are the emerging Trends Shaping the Future of the Electric Sub Meter Market?
The key trends in the electric sub meter market are:
• Advancements in the integration of IoT for real-time data monitoring is a significant trend.
• There is a growing trend towards the use of smart meters for effective energy management.
• The development of advanced billing solutions is shaping the future of the market.
• The adoption of cloud-based platforms for data analytics and wireless sub metering is an emerging trend.
Who Are the Top Competitors & Leading Players in the Electric Sub Meter Market?
Major companies 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.
Regional Dominance: Which Area Leads the Global Electric Sub Meter Market?
North America was the largest region in the electric sub meter market in 2024
