Global Electric Sub-meter Market was worth US$ 7 Bn. in 2019 and overall revenue is anticipated to rise at a rate of 5.8% from 2021 to 2027, reaching almost US$ 10.96 Bn. by 2027.Global Electric Sub-meter Market Overview:
Instead of having an individual meter that will measure the whole consumption of energy in the construction, the electric-sub meter helps in recording and monitoring the consumption of electricity for each individual component of the construction. Installing electric-sub meters in multi-tenant areas eliminates additional operational costs, which benefits the building's owner financially.To know about the Research Methodology :- Request Free Sample Report 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.
Global Electric Sub-meter Market Dynamics:
Electric sub-meters are widely used in commercial and industrial sectors. During the projected period, this is expected to drive the worldwide electric sub-meter market. During the forecast period, the global electric sub-meter market is expected to rise due to the rising need for monitoring electrical usage across various industrial sectors. Moreover, Due to the constant development that focuses on better management of energy consumption by various industrial sectors. Furthermore, advancements such as cloud computing and the Internet of Things are pushing demand for electric sub-meters. The global electric sub-meter market is expected to grow at a rapid pace due to severe government regulations regulating electric sub-meter installation. Corporate governance's reluctance to pay the initial costs of installing sub-meters is a major market restraint. Electric sub-meters that are still in use today offer a higher risk of human error in records, restricting the market.Global Electric Sub-meter Market Segment Analysis:
Based on Types, the market is segmented into Smart sub-meter, Electronic sub-meter and Electromechanical. Electronic meters are becoming more popular in recent years. The readings of the electricity usage of the connected appliances are displayed on an electronic meter's LED/LCD display. In contrast to the electromechanical meters, the readings on electronic meters are digital. The meters have a 5-year life span, are resistant to wear and tear, and accurately measure in all weather conditions. In that they register every minuscule unit of electricity used, they are significantly more efficient than electromechanical meters. Reverse tamper, earth tamper, DC influence immunity, and phase sequence distribution are all tempered states that may be reliably measured.Based on Application, the market is segmented into Residential, Commercial and Industrial. The residential segment is estimated to hold the biggest market share of xx% by 2027 and it is expected to grow at the significant rate of xx% during the forecast period. Smart electric metres installed in residential areas can assist consumers in monitoring, normalising, and reducing their consumptions from the grid and generators, as well as further integrating their consumptions from renewable energy sources such as solar installations, thereby reducing consumption of fossil fuels.
Global Electric Sub-meter market Regional Insights:
The Asia Pacific is expected to be the largest region in electric Sub-meter market by 2027. Because Asia Pacific is the world's most populous region, there is a huge need for electricity. The smart electric meter market in the region is being driven by an increase in investments in smart grid technologies and smart cities, as well as an increase in the number of data centers and a spike in IT hubs and commercial organizations. Due to large-scale deployment plans, China accounts for the greatest portion; the country has the most installed generating and distribution capacity in the Asia Pacific region, resulting in increased demand for smart electric meters. During the forecast period, North America is expected to have the second-largest market size in the global electric sub-meter market. The electric sub-meter market in the region is expected to be primarily driven by the region's growing demand for energy management. The objective of the report is to present a comprehensive analysis of the global Electric Sub-meter market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Electric Sub-meter market dynamics, structure by analyzing the market segments and projects the global Electric Sub-meter market size. Clear representation of competitive analysis of key players by type, price, financial position, type portfolio, growth strategies, and regional presence in the global Electric Sub-meter market make the report investor’s guide.Global Electric Sub-meter Market Scope: Inquire before buying
Global Electric Sub-meter Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaGlobal Electric Sub-meter Market key player:
• Landis • Itron(Silver Spring Networks) • GE Digital Energy • Siemens • Kamstrup • Xylem Inc • Elster Group • Aclara • Sagemcom • Leviton • Echelon • Nuri Telecom • E-Mon • Sanxing • Linyang Electronics • Wasion GroupFrequently Asked Questions:
1) What was the market size of Global Electric Sub-meter markets in 2019? Ans - Global Electric Sub-meter Market was worth US$ 7 Bn in 2019. 2) What is the market segment of Global Electric Sub-meter markets? Ans -The market segments are based on type and Application. 3) What is forecast period consider for Global Electric Sub-meter markets market? Ans -The forecast period for Global Electric Sub-meter Market is 2021 to 2027. 4) Which are the worldwide major key players covered for Global Electric Sub-meter markets market report? Ans – Landis, Itron(Silver Spring Networks), GE Digital Energy, Siemens, Kamstrup, Xylem Inc, Elster Group, Aclara, Sagemcom, Leviton, Echelon, Nuri Telecom, E-Mon, Sanxing, Linyang Electronics, Wasion Group 5) Which region is dominated in Global Electric Sub-meter markets Market? Ans -In 2019, North America region dominated the Global Electric Sub-meter markets Market.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Electric Sub-meter Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Electric Sub-meter Market 3.4. Geographical Snapshot of the Electric Sub-meter Market, By Manufacturer share 4. Global Electric Sub-meter Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Electric Sub-meter Market 5. Supply Side and Demand Side Indicators 6. Global Electric Sub-meter Market Analysis and Forecast, 2019-2027 6.1. Global Electric Sub-meter Market Size & Y-o-Y Growth Analysis. 7. Global Electric Sub-meter Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 7.1.1. Smart sub-meter 7.1.2. Electronic sub-meter 7.1.3. Electromechanical 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.2.1. Residential 7.2.2. Industrial 7.2.3. Commercial 8. Global Electric Sub-meter Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Electric Sub-meter Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 9.1.1. Smart sub-meter 9.1.2. Electronic sub-meter 9.1.3. Electromechanical 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.2.1. Residential 9.2.2. Industrial 9.2.3. Commercial 10. North America Electric Sub-meter Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Electric Sub-meter Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12. Canada Electric Sub-meter Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13. Mexico Electric Sub-meter Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14. Europe Electric Sub-meter Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 15. Europe Electric Sub-meter Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Electric Sub-meter Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17. France Electric Sub-meter Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18. Germany Electric Sub-meter Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19. Italy Electric Sub-meter Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 20. Spain Electric Sub-meter Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 21. Sweden Electric Sub-meter Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 22. CIS Countries Electric Sub-meter Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 23. Rest of Europe Electric Sub-meter Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 24. Asia Pacific Electric Sub-meter Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 25. Asia Pacific Electric Sub-meter Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Electric Sub-meter Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 27. India Electric Sub-meter Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 28. Japan Electric Sub-meter Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 29. South Korea Electric Sub-meter Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 30. Australia Electric Sub-meter Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 31. ASEAN Electric Sub-meter Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 32. Rest of Asia Pacific Electric Sub-meter Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 33. Middle East Africa Electric Sub-meter Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 34. Middle East Africa Electric Sub-meter Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Electric Sub-meter Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 36. GCC Countries Electric Sub-meter Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 37. Egypt Electric Sub-meter Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 38. Nigeria Electric Sub-meter Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 39. Rest of ME&A Electric Sub-meter Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 40. South America Electric Sub-meter Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 41. South America Electric Sub-meter Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Electric Sub-meter Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 43. Argentina Electric Sub-meter Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 44. Rest of South America Electric Sub-meter Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By type, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Electric Sub-meter Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Functionalities and R&D Investment 45.2.2. New type Launches and type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Landis 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Itron 45.3.3. GE digital 45.3.4. Siemens 45.3.5. Kamstrup 45.3.6. Xylem 45.3.7. Elster Group 45.3.8. Aclara 45.3.9. Sagemcom 45.3.10. Leviton 45.3.11. Echelon 45.3.12. Nuri Telecom 45.3.13. E-Mon 45.3.14. Sanxing 45.3.15. Wasion Group 46. Primary Key Insights