Market Overview:
The global sub-meters market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about energy conservation among consumers. In addition, the rising number of smart cities is also contributing to the growth of this market. The electric submeter segment accounted for the largest share of the global sub-meters market in 2017 and is projected to grow at a CAGR of 7% from 2018 to 2030. This segment is driven by factors such as increased demand for electricity due to rapid industrialization and urbanization, coupled with government initiatives aimed at promoting energy efficiency through deployment of smart meters across various sectors. In terms of application, residential applications accounted for majority share in 2017 and are projected grow at a CAGR 5%. Commercial applications are expected witness highest growth rate during forecast period owing increasing adoption rates across developed economies such as U.S.
Product Definition:
A sub-meter is a device used to measure and monitor the use of a specific service, such as water, gas or electricity. The purpose of using sub-meters is to allow customers to be billed for their actual use of the service rather than being billed based on a flat rate. This can be important for businesses that have high usage during certain times of the day or month, or that need to track their energy consumption closely.
Electric Submeter:
An electric submeter is a device used to measure the electricity consumed by appliances and equipment. It's an electronic device that replaces the traditional mechanical or electromechanical instruments for measuring power consumption. The major function of an electric submeter is to measure real-time electricity usage, which helps consumers manage energy efficiently and accurately.
Water Submeter:
The water submeter is a device used to measure the flow of water through pipes or channels. It consists of an impeller, which is driven by a motor and it measures the flow in cubic meters per second. The main function of this device includes measuring leakage, evaporation loss and groundwater level rise due to irrigation or other means.
Application Insights:
The commercial application segment dominated the global sub-meters market in terms of revenue share in 2017. The growth can be attributed to the increasing number of commercial buildings, which require a large number of energy meters for accurate billing. Furthermore, growing investments by governments in infrastructure development and promotion of green technologies are expected to augment demand over the forecast period.
The residential application segment is projected to expand at a CAGR exceeding 7% from 2018 to 2030 owing to rising awareness about energy efficiency and conservation among consumers across various regions including North America, Europe, Asia Pacific and Middle East & Africa. Moreover, government initiatives such as ¢â‚¬Å“Feed-in Tariffs¢â‚¬ encourage consumers towards adopting renewable sources of electricity generation such as solar power for their homes which further drives demand for submeters within this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for submeters owing to increasing penetration of electricity submeters, which are used for billing purposes, and water/gas metering systems. Furthermore, rising awareness regarding energy conservation measures among consumers is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific regional market was followed by North America in terms of revenue share in 2017 as this region also witnessed an increase in electric power consumption due to rising residential and commercial establishments over recent years. Moreover, technological advancements such as wireless remote reading system are further expected to propel product demand across U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Stringent government regulations for energy conservation
- Favorable regulatory environment and increasing awareness about the benefits of sub-metering among consumers
- Technological advancements that have led to the development of more accurate and reliable sub-meters
- Growing trend of outsourcing facility management services
Scope Of The Report
Report Attributes
Report Details
Report Title
Sub-Meters Market Research Report
By Type
Electric Submeter, Water Submeter, Gas Submeter, Heat & BTU Submeter
By Application
Residential Application, Commercial Application, Industrial Application
By Companies
E-Mon, Leviton, Schneider Electric, ABB, Itron, GE Digital Energy, Siemens, Kamstrup, DAE, DOE, E-Mon, EKM Metering, Dent, Norgas, nextcenturymeters, Safari, Fineco, ONICON, Gomelong, Eastron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Sub-Meters Market Report Segments:
The global Sub-Meters market is segmented on the basis of:
Types
Electric Submeter, Water Submeter, Gas Submeter, Heat & BTU Submeter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Application, Commercial Application, Industrial Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- E-Mon
- Leviton
- Schneider Electric
- ABB
- Itron
- GE Digital Energy
- Siemens
- Kamstrup
- DAE
- DOE
- E-Mon
- EKM Metering
- Dent
- Norgas
- nextcenturymeters
- Safari
- Fineco
- ONICON
- Gomelong
- Eastron
Highlights of The Sub-Meters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Submeter
- Water Submeter
- Gas Submeter
- Heat & BTU Submeter
- By Application:
- Residential Application
- Commercial Application
- Industrial Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sub-Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sub-meters are a type of water meter that measure the amount of water used in a specific area. They can be installed on individual homes or businesses, and they provide homeowners and businesses with an accurate way to track their water usage.
Some of the major companies in the sub-meters market are E-Mon, Leviton, Schneider Electric, ABB, Itron, GE Digital Energy, Siemens, Kamstrup, DAE, DOE, E-Mon, EKM Metering, Dent, Norgas, nextcenturymeters, Safari, Fineco, ONICON, Gomelong, Eastron.
The sub-meters market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sub-Meters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Sub-Meters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sub-Meters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Sub-Meters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Sub-Meters Market Size & Forecast, 2020-2028 4.5.1 Sub-Meters Market Size and Y-o-Y Growth 4.5.2 Sub-Meters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Submeter
5.2.2 Water Submeter
5.2.3 Gas Submeter
5.2.4 Heat & BTU Submeter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Application
6.2.2 Commercial Application
6.2.3 Industrial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sub-Meters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sub-Meters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Submeter
9.6.2 Water Submeter
9.6.3 Gas Submeter
9.6.4 Heat & BTU Submeter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Application
9.10.2 Commercial Application
9.10.3 Industrial Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Submeter
10.6.2 Water Submeter
10.6.3 Gas Submeter
10.6.4 Heat & BTU Submeter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Application
10.10.2 Commercial Application
10.10.3 Industrial Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Submeter
11.6.2 Water Submeter
11.6.3 Gas Submeter
11.6.4 Heat & BTU Submeter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Application
11.10.2 Commercial Application
11.10.3 Industrial Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Submeter
12.6.2 Water Submeter
12.6.3 Gas Submeter
12.6.4 Heat & BTU Submeter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Application
12.10.2 Commercial Application
12.10.3 Industrial Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Submeter
13.6.2 Water Submeter
13.6.3 Gas Submeter
13.6.4 Heat & BTU Submeter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Application
13.10.2 Commercial Application
13.10.3 Industrial Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sub-Meters Market: Competitive Dashboard
14.2 Global Sub-Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 E-Mon
14.3.2 Leviton
14.3.3 Schneider Electric
14.3.4 ABB
14.3.5 Itron
14.3.6 GE Digital Energy
14.3.7 Siemens
14.3.8 Kamstrup
14.3.9 DAE
14.3.10 DOE
14.3.11 E-Mon
14.3.12 EKM Metering
14.3.13 Dent
14.3.14 Norgas
14.3.15 nextcenturymeters
14.3.16 Safari
14.3.17 Fineco
14.3.18 ONICON
14.3.19 Gomelong
14.3.20 Eastron