Submeters are playing a pivotal role in the development of energy management solutions for buildings. Although submeter technology was originally developed several decades ago, the recent drive toward real-time and end-use-specific monitoring of energy has increased interest in and investment in submetering systems. Against a backdrop characterized by a growing number of building codes and standards, including ISO 50001, with stringent energy efficiency and monitoring requirements, submetering technology is finding new life and innovative applications that are now the top priorities of companies and government agencies worldwide.
To address this growing demand, traditional leaders in the building controls and equipment industry have worked to integrate submetering technology into their energy efficiency solutions and platforms. Many firms have made major acquisitions of submeter vendors in recent years to round out their energy efficiency platforms. Others are implementing software and services platforms that rely directly on the granular, real-time data generated by submeters in order to provide building owners with actionable insights that save money and increase the ease of facility management.
This Pike Research report provides a comprehensive overview of the submeter technology and services market worldwide, including submeter hardware (basic and advanced submeters), other hardware, submetering energy management software, installation costs, customer training services, and other submeter services. It provides market sizing and forecasting for the above segments in all major world regions for the period from 2012 through 2020.