Electric Sub-meter Market Research, Segmentation, Key Players Analysis and Forecast to 2027
Continuous adoption to energy management solutions is the
key factor contributes the growth of global electric-sub meter market.
Electric-sub meter that records and measures the electricity usage for each
individual unit of the building rather than having a single meter which
measures the entire energy consumption of the building. Electric-sub meters are
connected downstream from main utility meter and displays individual energy
consumption of a residential/ commercial multi?unit buildings. Electric sub-meter
allows building owners to bill individual tenant or unit owns for the actual
energy consumption and also allowing individual unit owners to take measures to
reduce the overall energy consumption. Deployment of electric-sum meters in
multi-tenant spaces eliminates additional operational cost, resulting in a
variety of environmental, economic, and equity benefits for both the tenant and
the building owner.
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Electric Sub-meter
Market: Market Dynamics
Controlling monitoring, reducing, and granular reporting of
electrical usage are growing importance to today’s facility managers
particularly from commercial and industrial sector. Expanding regularity &
compliance requirements on energy management, and rising focus on identifying
key indicators for efficient electricity usage by industrial, or commercial/
and residential multi-tenant building owners is the prominent factor derives
the growth of global electric-sub meter market. Continuous focus on developing
efficient energy management strategies across commercial and industrial sector
coupled with increasing interest on integrating sub-meters to cloud and big
data software analytics to precisely analyse energy usage, accelerates the
growth of global electric-sub meter market. Furthermore, government mandate to
install sub-meters at the time of construction of a new building and expanding
and continuous progression in Internet of Things (IoT) technologies to
transform traditional energy infrastructure, further fuels the growth of global
electric-sub meter market. However, lack of lack of public awareness about the
potential benefits of energy management, is the key factor identified as
restraints likely to deter the progression of global electric-sub meter market.
Electric Sub-meter Market: Segmentation
The global electric-sub meter market is segmented on the
basis of type, by application and by region.
Electric sub-meter market: Segmentation on the basis of type
- Socket
Type/Electromechanical Sub-meter
- Feed-through
Sub-meter
- Current
Transformer
- Non-socket/Electronic
Sub-meter
- Smart
Sub-meter
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Electric sub-meter market: Segmentation on the basis of
application
- Commercial
Establishments
- Large
Retail stores
- Data
Centers
- Others
- Residential
Sector
- Industrial
Sector
Electric sub-meter market: Segmentation on the basis of
region
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- Middle
East & Africa (MEA)
- Asia
Pacific excluding Japan (APEJ)
- Japan.
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Electric Sub-meter Market: Regional Outlook
Among all regions electric-sub meter market in North America
is expected to dominate the market, due to high importance for energy
management solutions. Asia-Pacific is projected to be the fastest growing
electric-sub meter market, due to expanding commercial & industrial sector
and continuous adoption of sub-meters for energy management and tenant billing
Electric Sub-meter Market: Competition Landscape
Some of the prominent players in the global electric-sub
meter market include GE Digital Energy, Siemens AG, Kamstrup, Elster
Group, Studebaker Submetering Inc., Leviton, Echelon, Nuri Telecom, E-Mon
(Honeywell International Inc., Linyang Electronics, Schneider Electric, Chintim
Instruments Submeter Solutions, Inc and LEM
The report covers exhaustive analysis on:
- Electric
Sub-meter Market segments
- Electric
Sub-meter Market dynamics
- Historical
Actual Market Size, 2015 – 2016
- Passive
Optical Network size & forecast 2017 to 2027
- Ecosystem
analysis
- Electric
Sub-meter Market current trends/issues/challenges
- Competition
& Companies involved technology
- Value
Chain
- Electric
Sub-meter Market drivers and restraints
Regional analysis for Electric Sub-meter Market includes
- North
America Market
- US
- Canada
- Latin
America Market
- Argentina
- Mexico
- Brazil
- Rest
of Latin America
- Western
Europe Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest
of Western Europe
- Eastern
Europe Market
- Poland
- Russia
- Asia
Pacific Market
- Australia
and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest
of Asia Pacific
- Japan
Market
- Middle
East and Africa Market
- GCC
Countries
- North
Africa
- South
Africa
- Rest
of MEA
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Report Highlights:
- Detailed
overview of parent market
- Changing
market dynamics in the industry
- In-depth
market segmentation
- Historical,
current and projected market size in terms of volume and value
- Recent
industry trends and developments
- Competitive
landscape
- Strategies
of key players and products offered
- Potential
and niche segments, geographical regions exhibiting promising growth
- A
neutral perspective on market performance
- Must-have
information for market players to sustain and enhance their market
footprint.
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