Electricity Submetering For Smart Grid Market Report 2026

Electricity Submetering For Smart Grid Market Overview

• Electricity Submetering For Smart Grid market size has reached to $13.9 billion in 2025 • Expected to grow to $24.56 billion in 2030 at a compound annual growth rate (CAGR) of 12.1% • Growth Driver: Rising Focus On Energy Efficiency And Conservation Due To Increasing Energy Costs And Stringent Regulatory Mandates • Market Trend: Smart Submetering Advancing Grid Intelligence And Sustainable Power Management • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Electricity Submetering For Smart Grid Market?

Electricity submetering for smart grids refers to the use of advanced metering devices to measure and monitor electricity consumption at a granular level within buildings, facilities, or individual loads. These submeters collect real-time or near-real-time data and integrate with smart grid platforms for analysis and control. They help to improve energy visibility, efficiency, and grid management through detailed consumption data. The main types of electricity submetering for smart grid are Smart Meters, submeters, communication networks, and other types. Smart Meters refer to electronic devices that record electricity consumption in real time and communicate the data to utilities or building managers for monitoring and management. These solutions are categorized phases, including single phase, three phase, and other phase types, and use different technologies, such as Advanced Metering Infrastructure, wireless communication networks, power line communication, cloud-based analytics, and other technologies. They are applied across various applications, including monitoring electricity consumption at a granular level, energy management, load analysis and forecasting, and other applications, and serve multiple end users, such as utilities, commercial buildings, industrial facilities, residential consumers, and other end users.

What Is The Electricity Submetering For Smart Grid Market Growth Forecast?

The electricity submetering for smart grid market size is expected to see rapid growth in the next few years. It will grow to $24.56 billion in 2030 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to expansion of smart grid networks, increasing use of cloud-based analytics, integration of ai and machine learning for energy optimization, growing adoption of submetering in residential and commercial sectors, rising focus on sustainability and carbon footprint reduction. Major trends in the forecast period include integration with energy management systems, real-time data analytics for load optimization, remote monitoring and control capabilities, demand response enablement, predictive maintenance and fault detection.

What Is The Driver Of The Electricity Submetering For Smart Grid Market?

The rising focus on energy efficiency and conservation is expected to propel the growth of the electricity submetering for smart grid market going forward. Energy efficiency and conservation refer to reducing energy consumption by using less energy to deliver the same or improved level of service while avoiding unnecessary energy use through behavioral and operational measures. The rising focus on energy efficiency and conservation is increasing primarily due to escalating energy consumption trends and the rising cost of electricity, prompting governments and industries to adopt measures to improve energy performance and reduce waste. Electricity submetering for smart grids supports energy efficiency and conservation by enabling granular consumption visibility, empowering utilities and consumers to optimize usage and reduce unnecessary energy losses. For instance, in November 2025, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global primary energy intensity is projected to improve to 1.8% in 2025, up from around 1% in the previous year, driven by expectations of slower global energy demand growth easing to 1.3% in 2025. Therefore, the rising focus on energy efficiency and conservation is driving the growth of the electricity submetering for smart grid industry.

Key Players In The Global Electricity Submetering For Smart Grid Market

Major companies operating in the electricity submetering for smart grid market are Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., Sensus (Xylem Inc.), Diehl Metering GmbH, Sagemcom, Itron Inc., Landis+Gyr AG, Ningbo Sanxing Electric, Wasion Group Holdings Ltd., Badger Meter Inc., Holley Technology Ltd., Aidon Oy, Kamstrup A/S, Hexing Group, Aclara Technologies LLC, Apator S.A., EDMI Limited, HPL Electric & Power Ltd, Genus Power Infrastructures Ltd, Trilliant Holdings Inc., Iskraemeco d.d., CyanConnode, Paradox Engineering SA, Elster Group GmbH, IntelliSmart Infrastructure Pvt Ltd

Global Electricity Submetering For Smart Grid Market Trends and Insights

Major companies operating in the electricity submetering for smart grid market are focusing on developing advanced innovations such as smart electricity submetering to enhance real-time energy transparency, grid interoperability, and energy efficiency optimization. A smart electricity submetering system is a digital metering solution that enables precise, automated measurement and analysis of electricity consumption at granular levels. For instance, in November 2023, Techem GmbH, a German-based provider of smart and sustainable building services, announced its smart meter operation for Deutsche Investment. The solution enables accurate electricity and gas consumption analysis through automated data collection and web-based visualization, supporting informed energy efficiency decisions. It also strengthens smart grid compatibility by facilitating seamless data exchange, reducing manual processes, and underpinning Environmental, Social, and Governance reporting compliance.

What Are Latest Mergers And Acquisitions In The Electricity Submetering For Smart Grid Market?

In November 2023, Gridspertise, an Italy-based smart grid technology company, acquired Aidon Oy for an undisclosed amount. Through this acquisition, Gridspertise aims to accelerate its expansion in advanced smart metering and grid digitalization across the Nordic markets while strengthening its overall smart grid solutions portfolio. Aidon Oy is a Finland-based provider of smart grid and advanced metering infrastructure solutions, offering energy metering hardware, software applications, and related services.

What Defines the Electricity Submetering For Smart Grid Market?

The electricity submetering for smart grids market consists of revenues earned by entities by providing services such as installation services, system integration services, data monitoring services, data analytics services, billing and reporting services, maintenance and support services, consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The electricity submetering for smart grids markets also includes sales of electricity submeters, smart metering devices, communication modules, data management software, energy monitoring software, control and management platforms. 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 Electricity Submetering For Smart Grid Market Report 2026?

The electricity submetering for smart grid 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 electricity submetering for smart grid 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.