Electric Sub-meters Market Will Grow Rapidly In Coming Years

Electric Sub-meters Market Summary

The global electric sub-meters market size was estimated at USD 14.26 billion in 2024 and is projected to reach USD 24.92 billion by 2033, growing at a CAGR of 6.5% from 2025 to 2033. This sustained growth reflects the increasing emphasis on efficient energy utilization and advanced power management systems across the globe. The market expansion is primarily driven by the rising adoption of smart grid infrastructure, stricter energy efficiency regulations, increasing demand for real-time energy monitoring enabled through IoT integration, and the rapid development of industrial, commercial, and residential infrastructure projects worldwide.

The current growth of the electric sub-meters market is supported by the growing need for effective energy management and accurate cost allocation across residential, commercial, and industrial sectors. Organizations and property managers are increasingly deploying sub-metering systems to track energy consumption at a detailed level, helping reduce energy wastage and improve billing transparency. Regulatory mandates and energy efficiency standards in several regions further encourage the installation of electric sub-meters to ensure compliance and enhance monitoring capabilities. Moreover, rising awareness regarding sustainability goals and environmental impacts is motivating consumers and businesses to adopt precise energy measurement solutions that enable informed decision-making and responsible energy consumption.

Key Market Trends & Insights

• North America dominated the global electric sub-meters market with the largest revenue share of 31.0% in 2024. The region’s leadership is attributed to advanced power infrastructure, early adoption of smart metering technologies, and strong regulatory frameworks promoting energy efficiency across utilities and end users.
• The electric sub-meters market in the U.S. led the North America market in 2024. Growth in the U.S. is supported by large-scale deployment of smart grids, increasing industrial automation, and rising investments in energy monitoring and management solutions.
• By phase, the three phase segment led the market, holding the largest revenue share of 53.4% in 2024. Three phase sub-meters are widely used in industrial and commercial applications due to their ability to handle higher loads and provide accurate measurement for complex electrical systems.
• By connectivity, the wired segment held the dominant position in the market. Wired connectivity is preferred for its reliability, data security, and consistent performance, particularly in industrial and large commercial environments.
• By end use, the industrial segment held the dominant position in the market. High energy consumption, strict compliance requirements, and the need for detailed energy tracking drive strong adoption of electric sub-meters in industrial facilities.

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Market Size & Forecast

• 2024 Market Size: USD 14.26 Billion
• 2033 Projected Market Size: USD 24.92 Billion
• CAGR (2025-2033): 6.5%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

Some key companies in the electric sub-meters industry are Siemens AG, Honeywell International Inc., Schneider Electric, and ABB

• Schneider Electric is an energy technology provider of energy management and automation solutions, with a strong presence in the electric sub-meters market. The company offers a range of smart electric sub-metering products with advanced features such as real-time energy monitoring, IoT integration, and compatibility with building automation systems. Schneider Electric focuses on enhancing energy efficiency and cost allocation in residential, commercial, and industrial sectors through its reliable and scalable sub-metering solutions.
• Siemens is a prominent player in the electric sub-meter market, delivering advanced sub-metering devices and integrated energy management solutions for optimized power consumption monitoring. Siemens incorporates state-of-the-art technology such as smart metering, IoT connectivity, and data analytics to enable utilities and end-users to achieve accurate energy measurement and enhanced operational efficiency. The company’s electric sub-meters cater to diverse applications, including residential complexes, commercial buildings, and industrial facilities, helping customers reduce energy waste and improve billing accuracy.

Key Players

• Schneider Electric
• Siemens
• Honeywell International Inc.
• ABB
• Itron, Inc.
• Landis+Gyr
• Eaton
• General Electric Company
• Leviton Manufacturing Co., Inc.
• Zhejiang Chint Instrument & Meter Co., Ltd

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Conclusion

The electric sub-meters market is set for steady growth, driven by increasing demand for energy efficiency, accurate billing, and advanced monitoring solutions. The integration of smart grid technologies, supportive regulatory frameworks, and rising sustainability awareness continue to strengthen market adoption. Strong performance in North America, particularly the U.S., along with the dominance of three phase systems, wired connectivity, and industrial end use, reflects the market’s focus on reliability and scalability. As global infrastructure expands and energy management becomes more critical, electric sub-meters will play a vital role in enabling efficient, transparent, and responsible energy consumption across sectors.