Exploring the Electric Sub Meter Market: Insights, Key Drivers, and Major Players

Introduction to the Electric Sub Meter Market

An electric sub meter is an electric device designed to record, measure, monitor energy consumption, supporting various energy forms such as heat, water, electricity, or gas. The meter usually supports the single-phased environment, including indoor outdoor. These meters gather real-time energy consumption information on the entire facility equipment. From here, the recorded information is conveyed to the utility meter for monitoring transactional purposes, enabling synchronization between the control system the meter. With such data acquisition communication devices, information regarding energy loads is measured communicated accordingly

Electric Sub Meter Key market insights include:

Market Size and Growth: The Global Electric Sub Meter Market size was valued at around USD7.5 billion in 2022 and is projected to grow at a CAGR of about 6% during the forecast period, i.e., 2023-28.

Regional Analysis: North America, South America, Europe, Asia-Pacific, Middle East Africa.

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What is driving the growth of the global Electric Sub Meter market?

Increasing Government Focus on Brining Energy Efficiency Across Sectors –

As each industry is assuring to bring energy efficiency to regulate automation in different applications, the demand for Electric sub-meter is escalating rapidly. This preferential shift is also augmenting the popularity of the electric sub-meters over conventional alternatives, including electric electrochemical sub-meters.

Market Segmentation

The Electric Sub Meter Market can be segmented based on several criteria, including:

By Product

-Smart Sub-Meter

-Electronic Sub-Meter (Non-Socket Type)

-Electromechanical Sub-Meter (Socket Type)

By Phase

-Single Phase

-Three Phase

By End-User Application

-Industrial

-Residential

-Commercial

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Key Players in the Electric Sub Meter Market

The Electric Sub Meter Market is highly competitive, with several key players dominating the landscape. These companies are investing heavily in research and development to stay ahead of the competition and meet the evolving needs of their customers. Some of the prominent players in the Electric Sub Meter Market include:

• Bentec Electricals Electronics Pvt. Ltd.
• General Electric
• Genus Power Infrastructures Ltd.
• Hexing Electric Co. Ltd.
• Itron Inc.
• Kamstrup A/S
• Leviton Manufacturing Co. Inc.
• Mitsubishi Electric Corporation
• Osaki Electric Co. Ltd
• Schneider Electric

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Questions Addressed in this Study

1.What factors are driving the Electric Sub Meter Market growth?

2.How is the Electric Sub Meter Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Electric Sub Meter Market?

4.What is the current size of the Electric Sub Meter Market, and how is it projected to change in the future?

6.What is the future outlook for the Electric Sub Meter Market in terms of technological advancements and market expansion?

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