Overview of the Global Electric Sub Meter Industry:

The Global Electric Sub Meter market is projected to experience substantial growth between 2023 and 2028, driven by digital transformation, innovation in service delivery, and expanding global demand. With a forecasted CAGR of 6% CAGR during the market is expected to reach USD 7.5 billion in 2022.

This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.

Market Size & Forecast (2023–2028)

• Base Year: 2022
• Forecast Period: 2023-28
• Market Size (2022): USD 7.5 Billion
• Estimated CAGR (2023-28): 6%

Key Market Driver (What’s Driving Electric Sub Meter Sector Growth?)

Increasing Government Focus on Brining Energy Efficiency Across Sectors – As each industry is assuring to bring energy efficiency to regulate automation in different applications, the demand for Electric sub-meter is escalating rapidly. This preferential shift is also augmenting the popularity of the electric sub-meters over conventional alternatives, including electric & electrochemical sub-meters.

Besides, with expanding applications in the power industry, the electric sub-meters are viewed as an excellent alternative to conventional devices lacking such versatility in measuring, monitoring, & controlling energy, hence aiding in driving the Global Electric Sub Meter Market through 2028.

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Global Electric Sub Meter Industry Recent Development

• 2023: Metro Prepaid has launched its electric sub meters in Ireland which would help the landlords to collect utility payments from their tenants. The launch of Metro Prepaid’s electric sub meters in Ireland is a positive step towards more sustainable & efficient energy consumption

Top Companies in the Electric Sub Meter Market

Here’s a snapshot of key players leading innovation and market share:

• Bentec Electricals & Electronics Pvt. Ltd.
• General Electric
• Genus Power Infrastructures Ltd.
• Hexing Electric Co. Ltd.
• Itron Inc.
• Kamstrup A/S
• Leviton Manufacturing Co. Inc.
• Mitsubishi Electric Corporation
• Osaki Electric Co. Ltd
• Schneider Electric
• Siemens AG
• Xylem Inc.
• Others

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Premium Electric Sub Meter Market

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Electric Sub Meter Market Segmentation Analysis

-By Product

• Smart Sub-Meter
• Electronic Sub-Meter (Non-Socket Type)
• Electromechanical Sub-Meter (Socket Type)

Smart Sub Meters are anticipated to dominate the Global Electric Sub Meter Market with the largest share during the forecast period.

-By Application

• Industrial
• Residential
• Commercial

Among all, the Residential sector is anticipated to acquire the largest share of the Global Electric Sub-Meter Market and dominate through 2028.

-By Phase

• Single Phase
• Three Phase

-By End-User Application

• Industrial
• Residential
• Commercial

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Geographical Analysis

-By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

The Asia-Pacific region would witness considerable growth in the forecast period owing to a rise in the construction of residential & commercial buildings.

Methodology Behind the Report

This research combines qualitative and quantitative methods, including:

• Expert interviews
• Proprietary forecasting models
• Financial and trade databases
• Government and institutional data

Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.

Frequently Asked Questions About the Electric Sub Meter Market

1. What is the growth rate of the Electric Sub Meter market from 2023–2028?
2. Which segment are expected to dominate market?
3. Who are the top companies and what strategies being they using?
4. What are the key risks and challenges in this industry?
5. How can businesses prepare for future trends?

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