Electric Sub-meter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The electric-sub meter helps in recording and measuring the consumption of the electricity for the individual component of the construction instead of having an individual meter that will measure the entire consumption of the energy in the construction. Installing the electric-sub meters in the multi-tenant spaces removes the extra operational cost which in turn benefits the owner of the construction economically.

MARKET DYNAMICS

In the commercial and the industrial sectors, there is an increased importance for monitoring, reducing, controlling, and managing the proper usage of the electricity. The increasing requirement for the regularity and compliance of the electricity management and the growing focus on categorizing the indicators for the efficient usage of the electricity are the major factors that are driving the electric sub-meter market. Other factors that are contributing to the growth of the market are the implementations that are made by the government about the installations of the sub-meter in the new construction works and the advancements that are made in the technologies such as internet of things in order to renovate the conventional energy infrastructure.

MARKET SCOPE

The "Global Electric Sub Meter Market Analysis to 2031" is a specialized and in-depth study of the electric sub meter market with a special focus on the global market trend analysis. The report aims to provide an overview of electric sub meter market with detailed market segmentation by type, phase, application. The global electric sub meter market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric sub meter market player and offers key trends and opportunities in the electric sub meter market.

MARKET SEGMENTATION

The global electric sub meter market is segmented on the basis of type, phase, application. On the basis of type, market is segmented as socket type/electromechanical sub-meters, non-socket /electronic sub-meters, smart sub-meters. On the basis of phase, market is segmented as single phase, three phase. On the basis of application, market is segmented as commercial sector, residential sector, industrial sector.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric sub meter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric sub meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting electric sub meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric sub meter market in these regions.

MARKET PLAYERS

The reports cover key developments in the electric sub meter market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric sub meter market are anticipated to lucrative growth opportunities in the future with the rising demand for electric sub meter market. Below mentioned is the list of few companies engaged in the electric sub meter market.

The report also includes the profiles of key electric sub meter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Siemens AG
  
•   Elster Group
  
•   Leviton
  
•   Nuri Telecom
  
•   Honeywell International
  
•   Schneider Electric
  
•   Zhejiang CHINT Instrument Co. Ltd.
  
•   GE Digital Energy
  
•   Kamstrup
  
•   Studebaker Submetering Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electric Sub-meter Report Scope