New York, Global electric sub-meter report from Global Insight Services is the single authoritative source of intelligence on electric sub-meter market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An electric sub-meter is a device used to measure the electricity consumption of a particular appliance or device. It is typically used to track the electricity usage of high-powered devices such as air conditioners, water heaters, and clothes dryers. Sub-meters can be used to measure the electricity consumption of an entire home or business, or they can be used to measure the electricity consumption of a single appliance. Sub-meters are usually installed by the local utility company or by a qualified electrician.
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Market Segments
The Electric Sub-meter Market is segmented by product, phase and region. By product, the market is divided into sockets/electromechanical, non-socket /electronic and smart. Based on phase, it is bifurcated into single phase and three phase. On the basis of application, it is classified into commercial establishments, residential sector and industrial sector. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Electric Sub-meter Market includes players such as Itron Inc., Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, Osaki Electric Co. Ltd, Xylem Inc., Bentec Electricals & Electronics Pvt. Ltd., Genus Power Infrastructures Ltd. and Kamstrup A/S.
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Key Drivers
The key drivers of the electric sub-meter market are the government regulations regarding the metering of electricity consumption, the need for accurate electricity billing, and the need for energy conservation.
Government regulations:
Most countries have regulations in place that require electricity providers to install meters that accurately measure the amount of electricity used by their customers. This is done in order to ensure that customers are billed correctly for their electricity usage.
Inaccurate electricity billing:
If electricity meters are not accurate, customers may be billed either too much or too little for their electricity usage. This can lead to frustration and may even cause customers to switch electricity providers.
Key Trends
The three key trends in electric sub-meter technology are accuracy, connectivity, and data analytics.
Accuracy:
As energy costs continue to rise, more and more businesses are looking for ways to save on their energy bills. One way to do this is by installing an electric sub-meter. Electric sub-meters are designed to provide accurate readings of a buildings or a specific areas electricity usage. This allows businesses to see exactly how much electricity they are using and where they can save on their energy costs.
Connectivity:
Another trend in electric sub-meter technology is connectivity. Electric sub-meters can now be connected to a buildings energy management system. This allows businesses to monitor their electricity usage in real-time and make changes to their energy usage as needed. This can help businesses save money on their energy bills and also help to reduce their carbon footprint.
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