Electric Sub Meter Market Report 2026

Electric Sub Meter Market Overview

• Electric Sub Meter market size has reached to $10.48 billion in 2025 • Expected to grow to $15.66 billion in 2030 at a compound annual growth rate (CAGR) of 8.4% • Growth Driver: Growth In Renewable Energy Adoption Driving Demand For Electric Sub Meters • Market Trend: Next-Generation Smart, Connected, And Modular Meters Enhance Energy Monitoring And Efficiency • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Electric Sub Meter Market?

An electric sub-meter is a device used to measure and monitor electrical usage for a specific area or tenant within a larger electrical system. It operates similarly to a central electricity meter but is typically used to track the electricity consumption of individual units or zones within a building. Electric sub-meters are helpful for landlords, property managers, and facility operators to ensure fair billing and efficient energy management. The main types of electric submeter market are non-socket or electronic submeters, socket or electromechanical submeters, current transformers, and feed-through submeters. Non-socket or electronic sub-meters are advanced devices used for measuring electrical consumption without the need for a physical socket connection. The various phases include a single phase and three phases used for varying applications such as residential, commercial, and industrial.

What Is The Electric Sub Meter Market Growth Forecast?

The electric sub meter market size is expected to see strong growth in the next few years. It will grow to $15.66 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growth of smart cities initiatives, increasing focus on energy efficiency, adoption of iot-enabled meters, rising investments in green buildings, expansion of industrial automation. Major trends in the forecast period include rising adoption of smart and digital sub-meters, growing demand for energy consumption transparency, expansion of smart building and infrastructure projects, increasing use in multi-tenant residential and commercial properties, shift toward wireless and remote metering solutions.

Global Electric Sub Meter Market Segmentation

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 Subsegments: 1) By Non-Socket Or Electronic Sub-Meter: Digital Non-Socket Sub-Meter, Smart Non-Socket Sub-Meter, Wireless Non-Socket Sub-Meter 2) By Socket Or Electromechanical Sub-Meter: Analog Socket Sub-Meter, Digital Socket Sub-Meter, Mechanical Socket Sub-Meter 3) By Current Transformer: Instrument Current Transformers, Measurement Current Transformers 4) By Feed-Through Sub-Meter: Single-Phase Feed-Through Sub-Meter, Three-Phase Feed-Through Sub-Meter, Smart Feed-Through Sub-Meter

What Is The Driver Of The Electric Sub Meter Market?

The increase in the adoption of renewable energy sources is expected to propel the growth of the electric sub-meter market going forward. Renewable energy refers to naturally replenished energy sources such as solar, wind, and geothermal power that offer sustainable and environmentally friendly alternatives to fossil fuels. The adoption of renewable energy is increasing due to its environmental benefits, including lower greenhouse gas emissions and climate change mitigation. The electric sub-meter market supports renewable energy integration by enabling precise monitoring of energy production, consumption, and distribution in solar, wind, and hydro-powered systems. For instance, in February 2024, according to the World Resources Institute (WRI), a US-based non-profit organization, the United States installed 31 gigawatts (GW) of new solar energy capacity in 2023, a 55% increase compared to 2022 installations, setting a new national record. Therefore, the increase in the adoption of renewable energy sources is driving the growth of the electric sub-meter market.

Key Players In The Global Electric Sub Meter Market

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., 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., Shenzhen Techrise Electronics Co. Ltd., Holley Technology Ltd., Zhejiang Wellsun Electric Meter Co. Ltd., Zhejiang Hengye Electronics Co. Ltd., Star Treasure Investments Holdings Limited (Wasion Group), XJ Measurement & Control Meter Co. Ltd.

Global Electric Sub Meter Market Trends and Insights

Major companies in the electric submeter market are focusing on developing innovative solutions such as smart, connected, and modular meters to enhance energy monitoring, efficiency, and cost management. Smart, connected, and modular meters are energy meters that can digitally monitor consumption in real time, communicate data remotely, and be easily configured or expanded to suit different electrical systems. For instance, in September 2025, Socomec Group, a France-based manufacturing company, launched COUNTIS P, a next-generation range of smart AC/DC energy meters designed for modern infrastructure across buildings, industrial sites, and EV charging stations. These meters feature a compact, modular design compatible with both single-phase and three-phase AC/DC networks, easy QuickConnect wiring, and reliable operation across a wide temperature range (-40 to +70°C). MID-certified for accuracy, they support multiple communication protocols, including Modbus RTU/TCP, provide real-time energy monitoring, and integrate seamlessly with Socomec’s digital platforms for efficient energy management and sub-billing.

What Are Latest Mergers And Acquisitions In The Electric Sub Meter Market?

In June 2024, Ancala Partners LLP, a UK-based investment management company, acquired Solandeo GmbH for an undisclosed amount. This acquisition strengthens Ancala’s position in the German energy market by supporting Solandeo’s expansion of high-quality smart-metering and digital metering services. It further enhances Ancala’s portfolio in energy-transition infrastructure by integrating Solandeo’s advanced metering technologies and data solutions. Solandeo GmbH is a Germany-based renewable energy semiconductor manufacturing company that provides smart meter solutions, including two-phase digital electric submeters.

Regional Insights

North America was the largest region in the electric sub meter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Electric Sub Meter Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Electric Sub Meter Market Report 2026?

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