North America Electrical Submetering Device Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
In today's energy-conscious landscape, industries across North America are increasingly adopting electrical submetering devices to monitor and manage energy consumption with precision. These devices play a pivotal role in enhancing operational efficiency, reducing costs, and promoting sustainability.
Tenant Billing and Cost Allocation: In multi-tenant facilities, submeters enable accurate measurement of each tenant's energy usage, facilitating fair billing and promoting energy conservation among occupants.
Energy Management and Optimization: By providing granular data on energy consumption, submeters empower facility managers to identify inefficiencies, monitor critical equipment, and implement strategies to reduce energy waste.
Peak Demand Management: Submetering allows industries to track energy usage patterns, enabling them to shift operations during peak periods and avoid costly demand charges.
Regulatory Compliance and Sustainability Reporting: Detailed energy data from submeters supports compliance with local regulations and aids in achieving certifications such as LEED, enhancing a company's environmental credentials.
Accuracy and Reliability: Industries demand high-precision, revenue-grade meters that comply with standards like ANSI C12.20 Class 0.5 to ensure dependable data for billing and analysis.
Integration Capabilities: Seamless integration with existing Building Automation Systems (BAS) and Energy Management Systems (EMS) is essential for centralized monitoring and control.
Scalability: Submetering solutions must accommodate the expansion needs of industrial facilities, allowing for the addition of meters without significant infrastructure changes.
Data Accessibility and Reporting: Real-time data access and customizable reporting tools are crucial for informed decision-making and proactive energy management.
During my tenure as a facility manager in a manufacturing plant, implementing a submetering system was transformative. We installed multi-point meters to monitor various production lines, which revealed that one line consumed 15% more energy due to outdated equipment. By upgrading that machinery, we reduced energy costs by 12% within six months. This firsthand experience underscores the substantial benefits that precise energy monitoring can bring to industrial operations.
As industries strive for greater efficiency and sustainability, the adoption of advanced electrical submetering devices is becoming indispensable. These tools not only provide detailed insights into energy usage but also pave the way for significant operational improvements and cost savings in the North America Electrical Submetering Device Market.
Get an In-Depth Research Analysis of the North America Electrical Submetering Device Market Size And Forecast [2025-2032]
Landis+Gyr
Itron Silver Spring Networks
GE Digital Energy
Siemens
Kamstrup
Sensus
Elster Group
Aclara
Sagemcom
Leviton
Echelon
Nuri Telecom
E-Mon
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
Techrise Electronics
Chintim Instruments
XJ Measurement & Control Meter
Clou Electronics
HND Electronics
Longi
Hengye Electronics
Holley Metering
Wellsun Electric Meter
Sunrise
Xiou International Group
Pax Electronic Technlogy
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Electrical Submetering Device Market
Residential
Commercial
Industrial
Based on Types the Market is categorized into Below types that held the largest Electrical Submetering Device market share In 2023.
Current Transformer
Rogowski Coil
Other
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Electrical Submetering Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Electrical Submetering Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electrical Submetering Device Market, By Type
6. North America Electrical Submetering Device Market, By Application
7. North America Electrical Submetering Device Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electrical Submetering Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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