Electric Sub-meter Market

2019 Analysis and Review of Electric Sub-meter Market by Product - Socket Type/Electromechanical Sub-meters, Non-socket /Electronic Sub-meters, and Smart Sub-meters for 2019 - 2029

  • 2020-02-13
  • REP-GB-4573
  • 43 Tables
  • 161 Figures
  • 291 pages
  • PDF PPT EXCEL
Electric Sub-meter Market
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Electric Sub-meter Market Set for Nearly 2X Value Expansion by 2029

The energy and utility sector has tended to be reactive when it comes to efficiency upgrades due to their capital-intensiveness and uncertain outcomes. However, uptight sustainable mandates have influenced operators in the industry into developing business models and devising effective deployment techniques for ensuring energy conservation. As the trend is becoming a top priority for business leaders, the global electric sub-meter market is set for almost twofold revenue generation from 2019 to 2029, expanding at a promising CAGR.

Frequently Answered Questions about Electric Sub-meter Market

How will the electric sub-meter market fare in the future?

Electric sub-meters play a pivotal role in energy efficiency. The development of infrastructure is an essential part for the progress of an economy. Expanding infrastructure is creating the demand for electric sub-meters to monitor and reduce the cost of electricity leakage and outages in electrical infrastructure.

Will the prices of smart electric sub-meters affect the future trends in the market?

The pricing of smart electric sub-meters will play a significant role, as developing economies such as India, Indonesia, China, and Vietnam are price-sensitive regions. Governments in these countries are looking to replace conventional electric sub-meters with smart electric sub-meters. Prices are projected to reduce, and will go down below US$ 100 for large deployments, and will have a major impact on the market

Which product type holds potential growth opportunities for market players?

The adoption of conventional electric sub-meters is still high in developing economies, but with governments looking to enforce the use of smart electric sub-meters, it will lead to several opportunities in regions such as ASEAN, India, Brazil, etc.

What is the degree of competition in the electric sub-meter market?

Competition is intensifying in the market space with regional players targeting contracts for smart electric sub-meters from governments. Currently, developing economies will offer strong opportunity for both, manufacturers and suppliers, which will lead to strong competition with international players.

Which region will lead the global sales of electric sub-meters?

Europe, East Asia, and North America remain at the frontline of the global electric sub-meter market. Increasing focus of manufacturing companies from these regions to capitalize on new deployment contracts which will enhance their revenue from developing economies.

Smart Sub-meters Hold Primacy with Leading Value Share

To stay competitive in the global space, industry executives are striving to achieve energy efficacy and performance. This preferential shift is resulting in increasing preference for smart electric sub-meters over conventional iterations such as electromechanical and electronic sub-meters. Players identifying this evolving customer behavior and building comprehensive strategies with technology at the center will gain an edge over their peers in the market sphere. Further, they are expected to realize revenue of over US$ 10 Bn from these smart meters in 2023.

East Asia to Outperform Europe in 2027

In the present state, Europe is at the vanguard of the electric sub-meter market, procuring around a quarter of total global revenue. Being an early adopter of sustainability norms as well as the hub of tech-forward locations, Europe currently defines stakeholders’ bottom lines. However, this outlook is likely to change during the latter half of the forecast period, wherein, East Asia will outperform Europe. Primarily represented by China, upsurge in smart grid home area network (HAN) installation projects in this developing region would offer investment opportunities to market players.

* This data is only a representation. Actual data may vary and will be available in report.

East Asia to Outperform Europe in 2027
East Asia to Outperform Europe in 2027
East Asia to Outperform Europe in 2027
East Asia to Outperform Europe in 2027
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Collaborating with Energy Providers for Cost-effective Upgradation

Monitoring energy leakages and outages is crucial for electricity suppliers and consumers. As energy efficiency continues to take center stage, players in the electric sub-meter market are entering into strategic collaborations with energy providers in an effort to cater to the ever-growing demand. Coupled with subsequent R&D activities, such collaborations are likely to complement the existing features of smart electric meters at competitive prices. Hexing Electric Co. Ltd., for instance, partnered with West Zone Power Distribution Company Ltd. in October 2018, to develop smart prepaid meters.

Smart sub-meters stay in-demand

Non-socket/electronic sub-meters to see gradual decline

Single phase electric sub-meters remain top-selling

Adoption of three phase electric sub-meters to drop

Surging adoption in residential sector

Application in commercial establishments on progressive rise

How Growth will Unfold

The residential sector contributes around 70% of overall revenue of the electric sub-meter market, and, as such, manufactures are significantly deploying capital in this application area. By the end of 2020, electric sub-meters worth around US$ 9.6 Bn would be installed in the residential sector. Adoption of electric sub-meters in commercial establishments - SML retail stores, and data centers - and the industrial sector, is also growing at a healthy rate. However, these application categories lag behind the residential sector in terms of value creation.

Electric Sub Meter Market by Application

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Electric Sub-meter Market Analysis 2019-2029

A recent market study publisshed by FMI on the electric sub-meter market includes global industry analysis 2014-2018 and forecasts 2019-2029, and offers a comprehensive assessment of important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the electric sub-meter market, growth prospects of the electric sub-meter market are obtained with maximum precision.

Electric Sub-meter Market Taxonomy

The global electric sub-meter market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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 Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

What's Included

The report on commences with the executive summary of the electric sub-meter market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prominent segments of the electric sub-meter market.

Readers can find detailed taxonomy and definition of the electric sub-meter market in this chapter, which will help them understand the basic information about the electric sub-meter market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the electric sub-meter market report.

The report provides key market trends of the electric sub-meter market that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.

This section includes key inclusions of the electric sub-meter market report. It includes product adoption & usage analysis, reimbursement scenario, pipeline assessment & opportunity analysis, and strategies of manufacturers for the market expansion.

This section of the electric sub-meter market report explains the global market value analysis and forecast for the electric sub-meter market during 2014-2029 is highlighted in this section. This chapter includes detailed analysis of the historic electric sub-meter market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019-2020) and an incremental $ opportunity for the forecast period of 2019-2029.

This section highlights the average price of the socket type/electromechanical sub-meters, non-socket/electronic sub-meters, and smart sub-meters in different regions of the world. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section.

This section of the electric sub-meter market explains the global market volume analysis and forecast for the electric sub-meter market between the forecast periods of 2019-2029

This chapter explains the key macro-economic factors that are expected to influence the growth of the electric sub-meter market over the forecast period. Along with macroeconomic factors, this section highlights the opportunity analysis for the electric sub-meter market. This chapter also highlights the key market dynamics of the electric sub-meter market, which includes the drivers, restraints, opportunities, and trends. Moreover, readers will understand the key trends followed by the prominent manufacturers in the electric sub-meter market.

Based on the product type, the electric sub-meter market is segmented into socket type/electromechanical sub-meters, non-socket/electronic sub-meters, and smart sub-meters. In this chapter, readers can find information about key trends and developments in the electric sub-meter market and market attractiveness analysis based on the product type.

This chapter provides details about the electric sub-meter market on the basis of single phase and three phase. In this chapter, readers can understand the market attractiveness analysis based on the phase type.

This chapter provides details about the electric sub-meter market on the basis of commercial establishments, residential sectors, and industrial sectors. In this chapter, readers can understand the market attractiveness analysis based on the application.

This chapter explains how the electric sub-meter market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa (MEA), and Oceania.

This chapter includes detailed analysis of the growth of the North America electric sub-meter market, along with the country-wise assessment such as the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on end users and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the Latin America electric sub-meter market. This chapter also includes the growth prospects of the electric sub-meter market in the prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the electric sub-meter market based on its end users in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe are included in this chapter.

Important growth prospects of the electric sub-meter market based on its end users in several countries, such as India, ASEAN, and the Rest of South Asia are included in this chapter.

This chapter highlights the growth of the electric sub-meter market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the electric sub-meter market in East Asia.

This chapter provides information about how the electric sub-meter market will grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, Turkey, and the Rest of MEA during the forecast period of 2019 - 2029.

This chapter provides information about how the electric sub-meter market will grow in major countries in the Oceania region such as, Australia and New Zealand during the forecast period of 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the electric sub-meter market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the electric sub-meter market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Itron Inc., Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, Honeywell International, HPL Electric & Power Limited, ABB, Landis+Gyr, Osaki Electric Co Ltd, Xylem Inc., Bentec Electricals & Electronics Pvt Ltd, Genus Power Infrastructures Ltd, Kamstrup A/S, Leviton Manufacturing Co., In, Hexing Electric Co. Ltd, Zhejiang CHINT Instrument Co., Ltd., Jiangsu Linyang New Energy Source Co. Ltd, etc.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the electric sub-meter market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the electric sub-meter market.

How the research was conducted?

Primary Research

Primary research interview with Key Opinion Leaders and other participants  were conducted for data collection and validation of the below information: 

  • Adoption of Smart Electric sub-meter 
  • Average Selling Price (US$) and Market Growth
  • Key Developments
  • Key Trends and Opportunities
  • Regional wise Dynamics
  • Reimbursement Landscape
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies
  • Electricity Computation world wide

Secondary Research

  • Company Press Release
  • Published Trade Data
  • Quarterly financial statements, 10-K & 10-Q filings, Factiva, Morning Star
  • Annual Reports/SEC filings/Investor Presentations/Earning Call Transcript
  • Industry Journals
  • press information and data released by exhibitions conducted by associations etc

Primary Interview Splits

Primary Interview Splits electric sub meter market synopsis

Electric Sub-meter Market Reports - Table of Contents

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