Electric Sub-Meter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Smart Sub-Meter, Electronic Sub-Meter, and Electromechanical Sub-Meter), By Phase (Single Phase and Three Phase), By End-User (Industrial, Residential, and Commercial), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 12.87 Billion
CAGR (2026-2031)	6.03%
Fastest Growing Segment	Electronic Sub-Meter
Largest Market	Asia Pacific
Market Size (2031)	USD 18.29 Billion

Market Overview

The Global Electric Sub-Meter Market will grow from USD 12.87 Billion in 2025 to USD 18.29 Billion by 2031 at a 6.03% CAGR. Electric sub-meters are precision monitoring devices installed downstream from the primary utility meter to measure energy consumption for individual tenants, specific departments, or distinct equipment circuits. The global market is largely driven by the increasing implementation of stringent energy efficiency regulations and the financial imperative to allocate electricity costs accurately among building occupants. Additionally, the growing requirement for granular data to optimize facility performance supports this expansion by validating energy conservation measures. According to the International Energy Agency, in 2024, global investment in energy efficiency was projected to reach USD 660 billion, underscoring the substantial capital flow supporting technologies like sub-metering.

A primary challenge hindering the expansion of the electric sub-meter market is the technical difficulty of integrating modern devices with legacy infrastructure. Many older buildings lack the necessary cabling or compatible digital protocols which results in high retrofit costs that can discourage installation. This interoperability issue often delays deployment and complicates the data retrieval process essential for effective energy management.

Key Market Drivers

Rising Demand for Energy Efficiency and Operational Cost Reduction is a primary catalyst propelling the global electric sub-meter market. As building owners and facility managers face mounting pressure to optimize energy consumption, the deployment of sub-meters becomes essential for granular monitoring and identifying areas of wastage. This urgency is underscored by rising consumption levels; according to the International Energy Agency, April 2025, in the 'Global Energy Review 2025', global electricity consumption in buildings increased by more than 600 TWh in 2024. This substantial rise in load necessitates precise measurement tools downstream from the main utility meter to allocate costs accurately and validate conservation strategies. Consequently, major industry players are witnessing robust financial gains from this trend. For instance, according to Schneider Electric, February 2025, in the 'Full Year 2024 Results', revenues in the Energy Management segment grew by 12% organically, reflecting the heightening commercial appetite for sophisticated energy monitoring solutions.

Modernization of Electrical Grid Infrastructure and Smart Grid Deployment further accelerates market growth by creating the digital ecosystem required for advanced metering. Utilities and governments are investing heavily in upgrading legacy grids to support bidirectional communication and real-time data analytics, which seamlessly integrates with sub-metering networks for holistic energy management. This wave of infrastructure renewal is driving significant industrial activity and forward-looking orders for metering technologies. According to Landis+Gyr, May 2025, in the 'Financial Report 2024', the company reported a record committed backlog of USD 4.6 billion, highlighting the extensive capital scale of current grid modernization projects. These upgrades ensure that sub-metering systems can effectively interface with the broader smart grid, enabling features like demand response and dynamic load management that are critical for modern energy resilience.

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Key Market Challenges

The technical difficulty of integrating modern sub-meters with legacy infrastructure acts as a formidable barrier to the growth of the global electric sub-meter market. In numerous existing facilities, the absence of compatible digital cabling or communication protocols mandates extensive and costly structural retrofits before installation can occur. These high upfront expenses significantly lengthen the payback period for energy management projects, discouraging facility owners from adopting sub-metering solutions. Consequently, the incompatibility between advanced devices and outdated electrical systems stalls deployment and complicates the seamless data acquisition required for effective energy auditing.

This interoperability challenge forces the market to contend with sluggish adoption rates in mature economies where infrastructure is rapidly aging. The magnitude of this obsolescence issue is significant and requires immense capital to rectify, thereby diverting funds that could otherwise support device deployment. According to Eurelectric, in 2024, the association reported that 30% of the distribution grids in Europe are over 40 years old, creating a requirement for annual investments to reach EUR 67 billion to ensure modernization. This data illustrates the extensive prevalence of antiquated infrastructure that sub-metering vendors must overcome to expand their market footprint.

Key Market Trends

Convergence with Building Automation Systems is fundamentally reshaping the market as sub-meters evolve from passive recording devices into active components of integrated facility management. Modern sub-metering solutions are increasingly designed to interface directly with centralized building controls, allowing facility managers to automate adjustments in HVAC and lighting systems based on real-time energy consumption data. This synergy not only enhances operational efficiency but also streamlines the implementation of complex energy saving strategies across large commercial estates. The accelerating demand for such interconnected infrastructure is evident in the financial performance of key industry leaders. According to Siemens, August 2024, in the 'Q3 FY 2024 Earnings Release', orders in the Smart Infrastructure segment rose by 11% on a comparable basis, reflecting the robust market appetite for intelligent, integrated building technologies.

Simultaneously, the Integration with Internet of Things (IoT) Ecosystems is expanding the utility of sub-meters by transforming them into connected intelligent nodes. This trend involves equipping meters with advanced communication modules that transmit granular usage data to cloud-based platforms, enabling remote monitoring and sophisticated data visualization without physical data retrieval. This connectivity supports proactive energy management and facilitates the seamless inclusion of sub-meters into broader digital grids and smart city networks. The commercial traction for these digitalized electrification solutions is significant. According to ABB, October 2024, in the 'Q3 2024 Results', revenues in the Electrification business area increased by 10% comparable year-on-year, driven largely by the surging demand for data center solutions and digitally enabled power distribution systems.

Segmental Insights

The electronic sub-meter segment is projected to register the fastest growth in the global market as industries transition from electromechanical units to digital alternatives. This expansion is primarily driven by the superior accuracy of electronic meters and their ability to integrate with building management systems for real-time data analysis. These features allow facility managers to monitor usage patterns precisely and implement effective energy-saving strategies. Additionally, regulatory frameworks promoting energy transparency, such as the Energy Efficiency Directive from the European Union, are accelerating the adoption of these devices to ensure compliance with strict consumption standards.

Regional Insights

Based on data from trusted market research sources, Asia Pacific commands the leading position in the Global Electric Sub-Meter Market, driven by rapid urbanization and robust industrial growth across major economies like China and India. The region's dominance is reinforced by strict regulatory frameworks focused on energy conservation and grid modernization. For instance, initiatives by bodies such as the Bureau of Energy Efficiency in India mandate rigorous energy auditing, necessitating the deployment of precise sub-metering systems in commercial and industrial sectors. Furthermore, substantial investments in smart city infrastructure and the rising need for accurate tenant billing in large-scale residential complexes sustain this regional market leadership.

Recent Developments

• In August 2025, Honeywell completed the acquisition of several utility-focused digital platforms from SparkMeter, a provider of grid management solutions. The transaction included technologies such as an integrated data platform for analytics, a software application for distribution grid visibility, and a financial management tool for optimizing energy supply costs. This strategic move was intended to strengthen the company’s portfolio in the smart energy sector, allowing utilities and industrial users to better automate operations and manage data within their metering and grid infrastructure.
• In August 2025, Leviton launched the Submetering Pro Certification Program, a training initiative designed to certify contractors in the installation and commissioning of its VerifEye submetering systems. The program was created to address the increasing complexity of energy codes and standards, such as ASHRAE 90.1 and California Title 24, which require precise energy allocation in multi-tenant commercial and residential facilities. By providing specialized training on troubleshooting and system start-up, the company aimed to ensure high-quality installations and support the growing market need for accurate tenant billing and energy data verification.
• In June 2024, ABB introduced the ReliaHome Smart Panel in the United States and Canada, a residential energy management solution developed in collaboration with Lumin. This new offering was designed to modernize traditional electrical distribution by integrating hardware and software that coordinates home energy assets. The smart panel enables homeowners to optimize energy usage, schedule circuits, and manage battery storage or electric vehicle chargers through a real-time control platform, addressing the growing demand for energy efficiency and decentralized power management in the residential sector.
• In May 2024, Accuenergy announced the release of the Acuvim 3 Series, a new line of advanced power quality meters designed for critical infrastructure and digital applications. This product range features compliance with the IEC 61000-4-30 Class A standard and offers third-party certification for high precision. The meters were engineered to provide revenue-grade accuracy and include capabilities such as phasor measurement units for modern grid systems, enabling precise time-synchronized monitoring to detect faults and ensure stability in power distribution networks.

Key Market Players

• General Electric Company
• Genus Power Infrastructures Limited
• Hexing Electrical Co., Ltd
• Itron Inc.
• Kamstrup A/S
• Leviton Manufacturing Co., Inc.
• Mitsubishi Electric Corporation
• OSAKI Group
• Schneider Electric SE
• Siemens AG

By Type	By Phase	By End-User	By Region
Smart Sub-Meter Electronic Sub-Meter Electromechanical Sub-Meter	Single Phase and Three Phase	Industrial Residential Commercial	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Electric Sub-Meter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Electric Sub-Meter Market, By Type:

• Smart Sub-Meter
• Electronic Sub-Meter
• Electromechanical Sub-Meter

• Electric Sub-Meter Market, By Phase:

• Single Phase and Three Phase

• Electric Sub-Meter Market, By End-User:

• Industrial
• Residential
• Commercial

• Electric Sub-Meter Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE