Electric Sub-Meter Industry Analysis in Western Europe
Demand Forecast for Electric Sub-meter in Western Europe, by Single and Three Phase, 2024 to 2034
Electric Sub-meter Illuminates Western Europe's Path to Sustainability as Eco-Conscious Consumers Drive Demand, Unleashing Lucrative Opportunities for Manufacturers to Lead the Charge
Analytical Study of Electric Sub-meter in Western Europe from (2024 to 2034)
The adoption of electric sub-meter in Western Europe is estimated to display a moderate CAGR of 5.6% through 2034. Sales of electric sub-meter in Western Europe are expected to jump from US$ 3,722.00 million in 2024 to US$ 6,097.39 million by 2034.
The scope of electric sub-meter is quite extensive in Western Europe. The high acceptance of these meters stems from an increasing emphasis on sustainability and energy efficiency. Therefore, players are providing a range of electric sub-metering systems that can be used in commercial, residential, or industrial settings. Going a step ahead, top players are also offering leasing facilities to rent sub-metering equipment on a long-term basis, thereby providing robust solutions for property managers and building owners.
Attributes
Details
Industry Size of Electric Sub-meter in Western Europe in 2024
US$ 3,722.00 million
Expected Industry Size of Electric Sub-meter in Western Europe by 2034
US$ 6,097.39 million
Forecast CAGR between 2024 to 2034
5.6%
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Sales Analysis of Electric Sub-meter in Western Europe
The increasing number of smart cities and smart building projects across Western Europe is catapulting sales of advanced sub-metering solutions.
Rising government incentives and regulatory mandates to lower energy consumption are encouraging individuals and businesses to install sub-meters.
The surging integration of cloud-based platforms and IoT technology is enabling real-time data analytics and reporting to empower users.
Comparative View of Adjacent Electric Sub-meter in Key Markets
The following table provides bite-sized insights into the adoption pattern of electric sub-meter in Western Europe, Korea, and Japan. Value-wise, Western Europe holds a leading share. Based on the CAGR, Japan appears to be expanding at a faster rate, according to the analysis.
Industry Analysis of Electric Sub-meter in Western Europe:
Attributes
Industry Analysis of Electric Sub-meter in Western Europe
Western Europe’s CAGR between 2024 to 2034
5.6%
Industry Size of Western Europe in 2024
US$ 3,722.00 million
Key Trends
Rising availability of sub-metering equipment on lease
Industry Analysis of Electric Sub-meter in Korea:
Attributes
Industry Analysis of Electric Sub-meter in Korea
Korea’s CAGR between 2024 to 2034
5.5%
Industry Size of Korea in 2024
US$ 17.4 million
Key Trends
Growing demand for energy-efficient solutions
Industry Analysis of Electric Sub-meter in Japan:
Attributes
Industry Analysis of Electric Sub-meter in Japan
Japan’s CAGR between 2024 to 2034
6.2%
Industry Size of Japan in 2024
US$ 12.9 million
Key Trends
Surging installation of smart grids indicates a significant stride in the industry
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Country-wise Insights
Dedicated Efforts in the United Kingdom to Cut Down on GHG Emissions Promotes Sales of Electric Sub-meters
Country
The United Kingdom
Forecast CAGR % (2024 to 2034)
5.2%
Growth prospects for electric sub-meter in the United Kingdom are steadily rising. As per latest estimates, the country is set to surge at a CAGR of 5.2% through 2034. Top factors shaping the growth trajectory are as follows:
Increasing focus on sustainability and carbon reduction is driving up the sales of electric sub-meter in the country, which are used to facilitate precise monitoring and regulation of energy consumption.
Surging government support in the form of policies and incentives to promote energy-efficient systems and tools is favoring the sales of electric sub-meter in the United Kingdom.
Technological Advancements in Electric Sub-meter is Enhancing their Appeal in Germany
Country
Germany
Forecast CAGR % (2024 to 2034)
5.7%
Germany is a promising country for electric sub-meter business. Factors leading to growth expansion of the Germany electric sub-meter industry are as follows:
The rising adoption of renewable energy sources, such as solar and wind power, is opening up avenues for sub-metering systems to monitor and optimize the integration of green energy.
The surging demand for energy-efficient solutions in commercial complexes and residential buildings is driving industry growth.
Growing technological improvements, such as data analytics capabilities and IoT integration, are increasing the appeal of electric sub-meters, which are being used as integral components in smart building initiatives.
Cumulatively, these factors are contributing to greater sales of electric sub-meter in Germany. As per latest analysis, the country is set to surge ahead at a CAGR of 5.7% through 2034.
Increasing Substitution of Traditional Sub-meters with Power Sub-meters in Italy
Country
Italy
Forecast CAGR % (2024 to 2034)
6.3%
The sales value generated from electric sub-meter is projected to appreciate at a CAGR of 6.3% through 2034. Demand for these meters in Italy is driven by:
The increasing substitution of traditional sub-meters with power sub-meters is expanding the role of electric sub-meter providers in Italy.
Surging investments by companies in research and development aim to offer technology-driven power sub-meters at reduced prices and increased quality.
Increasing emphasis on sustainability and energy efficiency is contributing to the sales of electric sub-meters, which control energy consumption in both commercial and residential settings.
Ambitious Sustainability Targets in France to Boost Adoption of Electric Sub-meters
Country
France
Forecast CAGR % (2024 to 2034)
5.6%
Deployment of electric sub-meter is rising in France at a rate of 5.6% CAGR through 2034. Factors yielding significant growth are as follows:
The increasing reliance of the industrial sector on electric sub-meter aims to reduce operational costs, boost energy management, and meet sustainability targets.
The surging adoption of smart grids in the country is favoring the sales of electric sub-meters.
The spurring utilization of electric sub-meter to track electricity consumption is evident in various applications, including residential buildings, commercial buildings, and industrial facilities.
Spain to Observe Increasing Installations of Smart Sub-meters
Country
Spain
Forecast CAGR % (2024 to 2034)
4.8%
Spain is projected to observe increasing sales at a CAGR of 4.8% through 2034. Factors fueling growth in sales are as follows:
Government commitment to encouraging the use of renewable energy is expected to favor the electric sub-meter industry.
Increasing installations of smart sub-meters assist in the effective management of power.
Rising smart grid installation programs in Spain are boosting the sales of these meters.
Category-wise Insights
Smart Sub-meters Gaining Widespread Popularity across Western Europe
Leading Product
Smart Sub-meter
Value Share % (2024)
85.2%
Smart sub-meters are projected to acquire a share of 85.2% in 2024. The increasing drive toward energy efficiency and performance among industrials is pushing the adoption of smart sub-meters, which are being used more frequently than their traditional variations such as electronic and electromechanical sub-meters. They assist in effective power management, the prevention of data input errors, and billing efficiency through a web-based monitoring system.
Key providers of smart sub-meters who are proactive in their approaches toward technologically advanced sub-meters are expected to realize outsized profits. Surging funding for smart sub-meters is driving up their installation in Western Europe. Additionally, federal programs have also been instrumental in raising the deployment of smart sub-meters.
Single Phase to Account for a Massive Share in Regional Industry
Leading Phase
Single
Value Share % (2024)
78.6%
The single-phase segment is projected to acquire a share of 78.6% in 2024. A key factor supporting its usage is precision in measuring electricity consumption. Furthermore, the extensive application of single-phase in commercial, residential, and industrial settings is fueling the segment’s growth.
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Players Implementing Smart Strategic Moves to Capitalize on the Sustainability Movement
Key players are offering a long-term rental option for sub-metering equipment and associated services to measure heat and water usage within multi-dwelling properties across Western Europe. For this service, players are targeting property managers and building owners to serve individual dwellings.
Key participants are also forming strategic partnerships to offer smart metering solutions across the region. Additionally, the acquisition of smaller companies is another go-to strategy for industry competitors to enlarge their share in Western Europe.
Leading players are allocating a portion of their budget to innovation practices to develop unique and distinct electric sub-meter with upgraded capabilities and features. Competitors are reaching beyond their area of expertise by partnering with other leaders to upskill themselves. Partnerships are a great way to foster knowledge and expertise sharing.
Geographically, players are also searching for growth possibilities in unexplored countries. All in all, players are well-positioned to capitalize on the ongoing trend of sustainability and energy efficiency across the region with smart strategic moves.
Developments Recently Taken Place in Western Europe
In November 2023, SunOyster Energy, a German start-up, deployed a dual-axis-based movable PV system in South Africa's Sanbona Wildlife Reserve. This system supplies power to the Eco Lodge White Lion.
In May 2023, Netze BW, a German network operator, announced that it has partnered with Minol Zenner and aktiver EMT. Through this partnership, Netze BW aims to pilot the transmission of heat sub-metering data through a smart meter gateway.
In January 2023, Arcus Infrastructure Partners acquired Officium, a German sub-metering provider.
Key Players Providing Electric Sub-Meter in Western Europe
VPInstruments
Advanced Industrial Systems Ltd.
Smartvatten
Kamstrup Water Metering L.L.C.
Eldridge Products, Inc.
GWF MessSysteme AG
DH Metering Europe
UK Metering
Others
Scope of the Report
Attribute
Details
Estimated Industry Size in 2024
US$ 3,722.00 million
Projected Industry Size by 2034
US$ 6,097.39 million
Anticipated CAGR between 2024 to 2034
5.6% CAGR
Historical Analysis of Demand for Electric Sub-meter in Western Europe
2019 to 2023
Demand Forecast for Electric Sub-meter in Western Europe
2024 to 2034
Report Coverage of Electric Sub-meter in Western Europe
Industry Size, Industry Trends, Analysis of Key Factors Influencing the Adoption of Electric Sub-meter in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers
Key Vendors Profiled for Electric Sub-meter in Western Europe
VPInstruments
Advanced Industrial Systems Ltd.
Smartvatten
Kamstrup Water Metering L.L.C.
Eldridge Products, Inc.
GWF MessSysteme AG
DH Metering Europe
UK Metering
Others
Segments of Western Europe Electric Sub-meter Industry
By Product:
Socket Type/Electromechanical Sub-meters
Feed-through Sub-meters
Current Transformers
Non-socket /Electronic Sub-meters
Smart Sub-meters
By Phase:
Single Phase
Three Phase
By Application:
Commercial Establishments
Large Retail Stores
Data Centers
Others
Residential Sector
Industrial Sector
By Country:
Germany
Italy
France
United Kingdom
Spain
The Netherlands
BENELUX
Rest of Europe
Frequently Asked Questions
At What Rate is the Electric Sub-meter Industry Growing in Western Europe?
The anticipated CAGR through 2034 is 5.6%.
How Big will the Electric Sub-meter Industry be in Western Europe?
Demand for electric sub-meter in Western Europe is expected to be US$ 6,097.39 million by 2034.
What is the Key Strategy that Providers in Western Europe Adopting?
Manufacturers are offering leasing facilities to drive up their sales.
Which Product Type is Highly Preferred?
Smart sub-meter witness significant demand among consumers in Western Europe.
Which Phase Take Up a Significant Share?
Single phase takes a considerable share of the Western Europe electric sub-meter industry.
Table of Content
1. Executive Summary
1.1. Western Europe Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Product, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Product, 2024 to 2034
5.3.1. Socket Type/Electromechanical Sub-Meters
5.3.1.1. Feed-through Sub-Meters
5.3.1.2. Current Transformers
5.3.2. Non-socket /Electronic Sub-Meters
5.3.3. Smart Sub-Meters
5.4. Y-o-Y Growth Trend Analysis By Product, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product, 2024 to 2034
6. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Phase
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Phase, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Phase, 2024 to 2034
6.3.1. Single Phase
6.3.2. Three Phase
6.4. Y-o-Y Growth Trend Analysis By Phase, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Phase, 2024 to 2034
7. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Commercial Establishments
7.3.1.1. Large Retail Stores
7.3.1.2. Data Centers
7.3.1.3. Others
7.3.2. Residential Sector
7.3.3. Industrial Sector
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Country, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Country, 2024 to 2034
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Spain
8.3.6. Rest of Western Europe
8.4. Market Attractiveness Analysis By Country
9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Region
9.2.1.1. England
9.2.1.2. Scotland
9.2.1.3. Wales
9.2.1.4. Northern Ireland
9.2.2. By Product
9.2.3. By Phase
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Product
9.3.3. By Phase
9.3.4. By Application
9.4. Key Takeaways
10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Region
10.2.1.1. North-east (Germany)
10.2.1.2. North-west (Germany)
10.2.1.3. Central (Germany)
10.2.1.4. South (Germany)
10.2.1.5. Other(Germany)
10.2.2. By Product
10.2.3. By Phase
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Product
10.3.3. By Phase
10.3.4. By Application
10.4. Key Takeaways
11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Region
11.2.1.1. North (Italy)
11.2.1.2. Central (Italy)
11.2.1.3. South (Italy)
11.2.1.4. Islands (Italy)
11.2.2. By Product
11.2.3. By Phase
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Product
11.3.3. By Phase
11.3.4. By Application
11.4. Key Takeaways
12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.1.1. Northern (France)
12.2.1.2. Central (France)
12.2.1.3. Southern (France)
12.2.1.4. Eastern (France)
12.2.2. By Product
12.2.3. By Phase
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Product
12.3.3. By Phase
12.3.4. By Application
12.4. Key Takeaways
13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Region
13.2.1.1. Basque Country
13.2.1.2. Andalusia
13.2.1.3. Extremadura
13.2.1.4. Catalonia
13.2.1.5. Valencia
13.2.1.6. Rest of Spain
13.2.2. By Product
13.2.3. By Phase
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Product
13.3.3. By Phase
13.3.4. By Application
13.4. Key Takeaways
14. Rest of Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product
14.2.2. By Phase
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Product
14.3.2. By Phase
14.3.3. By Application
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Phase
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Schneider Electric
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Siemens AG
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Kamstrup A/S
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Itron Inc.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. General Electric
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Mitsubishi Electric Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Osaki Electric Co. Ltd
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Xylem Inc.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Bentec Electricals & Electronics Pvt. Ltd.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Genus Power Infrastructures Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
