PUBLISHER: KBV Research | PRODUCT CODE: 1839324
PUBLISHER: KBV Research | PRODUCT CODE: 1839324
North America Electric Sub-meters Market Size, Share & Industry Analysis Report By Phase, By Type, By Connectivity, By End Use, By Country and Growth Forecast, 2025 - 2032
The North America Electric Sub-meters Market would witness market growth of 5.7% CAGR during the forecast period (2025-2032).
The US market dominated the North America Electric Sub-meters Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 4,714.6 million by 2032. The Canada market is experiencing a CAGR of 7.4% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2025 - 2032). The US and Canada led the North America Electric Sub-meters Market by Country with a market share of 69.1% and 15.1% in 2024.
The North American electric sub-meter market has grown from a niche billing tool to a key part of energy efficiency, following the rules, and keeping costs in check. Sub-meters were first used in multi-family and public housing to cut down on tenant disputes. They became more popular during the energy conservation movements of the 1970s and 1980s. The Energy Policy Act of 2005 and state-level building codes helped speed up the adoption of the technology, especially in hospitals, universities, and commercial buildings. New technology made it possible for digital meters to measure a wide range of electrical parameters and work with building automation systems. Sub-meters now support demand response programs, real-time monitoring, and corporate sustainability goals. This shows that the market has matured thanks to policy, economics, and technology.
In North America, some important trends are working with utility incentive programs, following changing building energy codes, and managing distributed energy resources like rooftop solar, EV chargers, and battery storage. Market leaders use strategies like working with utilities to get rebates, connecting with DER platforms, improving cybersecurity, and providing service-oriented models that combine hardware, software, and analytics. Education and outreach to building owners and managers also help more people use it. There is a lot of competition. Multinationals offer complete solutions, regional specialists offer cheap and customizable options, and startups focus on new software and analytics. Different rules in different states and provinces affect prices, features, and how people use them.
Type Outlook
Based on Type, the market is segmented into Electronic Sub-Meters, Smart Sub-Meters, Digital Sub-Meters, Analog / Conventional Sub-Meters, and Other Type. Among various US Electric Sub-meters Market by Type; The Electronic Sub-Meters market achieved a market size of USD $1148.7 Million in 2024 and is expected to grow at a CAGR of 4.1 % during the forecast period. The Analog / Conventional Sub-Meters market is predicted to experience a CAGR of 5.8% throughout the forecast period from (2025 - 2032).
Connectivity Outlook
Based on Connectivity, the market is segmented into Wired, and Wireless. With a compound annual growth rate (CAGR) of 6.2% over the projection period, the Wired Market, dominate the Mexico Electric Sub-meters Market by Connectivity in 2024 and would be a prominent market until 2032. The Wireless market is expected to witness a CAGR of 7.4% during (2025 - 2032).
Country Outlook
Different state and local rules govern the U.S. electric sub-meter market. These rules stress fairness, energy efficiency, and clear billing. Sub-metering lets property owners see how much electricity each tenant uses, but the rules for installation, billing, and tenant protections are different. Adoption is driven by rising energy costs, stricter building codes, and smart grid projects. At the same time, consumers want accurate and clear metering. Some trends are updating older buildings, adding real-time data and energy management systems, and growing demand-response programs. More and more, state and city laws require or encourage sub-metering, which opens up new business opportunities. There is competition among meter makers, service providers, and software companies, but new companies have to deal with problems like meeting accuracy standards, getting regulatory approvals, and showing property owners that their services are worth the money.
List of Key Companies Profiled
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- Itron, Inc.
- Landis+Gyr Group AG
- Eaton Corporation plc
- General Electric Company
- Mitsubishi Electric Corporation
- Xylem, Inc. (Sensus)
North America Electric Sub-meters Market Report Segmentation
By Phase
- Three Phase
- Single Phase
By Type
- Electronic Sub-Meters
- Smart Sub-Meters
- Digital Sub-Meters
- Analog / Conventional Sub-Meters
- Other Type
By Connectivity
- Wired
- Wireless
By End Use
- Industrial
- Commercial
- Residential
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Electric Sub-meters Market, by Phase
- 1.4.2 North America Electric Sub-meters Market, by Type
- 1.4.3 North America Electric Sub-meters Market, by Connectivity
- 1.4.4 North America Electric Sub-meters Market, by End Use
- 1.4.5 North America Electric Sub-meters Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - North America Electric Sub-meters Market
Chapter 5. State of Competition - North America Electric Sub-meters Market
Chapter 6. Competition Analysis- Global
- 6.1 Market Share Analysis, 2024
- 6.2 Recent Strategies Deployed in Electric Sub-meters Market
- 6.3 Porter Five Forces Analysis
Chapter 7. Value Chain Analysis of Electric Sub-meters Market
Chapter 8. Product Life Cycle - Electric Sub-meters Market
Chapter 9. Market Consolidation - Electric Sub-meters Market
Chapter 10. Key Customer Criteria - Electric Sub-meters Market
Chapter 11. North America Electric Sub-meters Market by Phase
- 11.1 North America Three Phase Market by Region
- 11.2 North America Single Phase Market by Region
Chapter 12. North America Electric Sub-meters Market by Type
- 12.1 North America Electronic Sub-Meters Market by Country
- 12.2 North America Smart Sub-Meters Market by Country
- 12.3 North America Digital Sub-Meters Market by Country
- 12.4 North America Analog / Conventional Sub-Meters Market by Country
- 12.5 North America Other Type Market by Country
Chapter 13. North America Electric Sub-meters Market by Connectivity
- 13.1 North America Wired Market by Country
- 13.2 North America Wireless Market by Country
Chapter 14. North America Electric Sub-meters Market by End Use
- 14.1 North America Industrial Market by Country
- 14.2 North America Commercial Market by Country
- 14.3 North America Residential Market by Country
- 14.4 North America Other End Use Market by Country
Chapter 15. North America Electric Sub-meters Market by Country
- 15.1 US Electric Sub-meters Market
- 15.1.1 US Electric Sub-meters Market by Phase
- 15.1.2 US Electric Sub-meters Market by Type
- 15.1.3 US Electric Sub-meters Market by Connectivity
- 15.1.4 US Electric Sub-meters Market by End Use
- 15.2 Canada Electric Sub-meters Market
- 15.2.1 Canada Electric Sub-meters Market by Phase
- 15.2.2 Canada Electric Sub-meters Market by Type
- 15.2.3 Canada Electric Sub-meters Market by Connectivity
- 15.2.4 Canada Electric Sub-meters Market by End Use
- 15.3 Mexico Electric Sub-meters Market
- 15.3.1 Mexico Electric Sub-meters Market by Phase
- 15.3.2 Mexico Electric Sub-meters Market by Type
- 15.3.3 Mexico Electric Sub-meters Market by Connectivity
- 15.3.4 Mexico Electric Sub-meters Market by End Use
- 15.4 Rest of North America Electric Sub-meters Market
- 15.4.1 Rest of North America Electric Sub-meters Market by Phase
- 15.4.2 Rest of North America Electric Sub-meters Market by Type
- 15.4.3 Rest of North America Electric Sub-meters Market by Connectivity
- 15.4.4 Rest of North America Electric Sub-meters Market by End Use
Chapter 16. Company Profiles
- 16.1 Schneider Electric SE
- 16.1.1 Company Overview
- 16.1.2 Financial Analysis
- 16.1.3 Segmental and Regional Analysis
- 16.1.4 Research & Development Expense
- 16.1.5 SWOT Analysis
- 16.2 Siemens AG
- 16.2.1 Company Overview
- 16.2.2 Financial Analysis
- 16.2.3 Segmental and Regional Analysis
- 16.2.4 Research & Development Expense
- 16.2.5 SWOT Analysis
- 16.3 Honeywell International, Inc.
- 16.3.1 Company Overview
- 16.3.2 Financial Analysis
- 16.3.3 Segmental and Regional Analysis
- 16.3.4 Research & Development Expenses
- 16.3.5 SWOT Analysis
- 16.4 ABB Ltd.
- 16.4.1 Company Overview
- 16.4.2 Financial Analysis
- 16.4.3 Segmental and Regional Analysis
- 16.4.4 Research & Development Expenses
- 16.4.5 Recent strategies and developments:
- 16.4.5.1 Product Launches and Product Expansions:
- 16.4.6 SWOT Analysis
- 16.5 Itron, Inc.
- 16.5.1 Company Overview
- 16.5.2 Financial Analysis
- 16.5.3 Segmental and Regional Analysis
- 16.5.4 Research & Development Expenses
- 16.5.5 Recent strategies and developments:
- 16.5.5.1 Partnerships, Collaborations, and Agreements:
- 16.6 Landis+Gyr Group AG
- 16.6.1 Company Overview
- 16.6.2 Financial Analysis
- 16.6.3 Regional Analysis
- 16.6.4 Research and Development Expense
- 16.6.5 Recent strategies and developments:
- 16.6.5.1 Partnerships, Collaborations, and Agreements:
- 16.7 Eaton Corporation PLC
- 16.7.1 Company Overview
- 16.7.2 Financial Analysis
- 16.7.3 Segmental and Regional Analysis
- 16.7.4 Research & Development Expense
- 16.7.5 SWOT Analysis
- 16.8 General Electric Company
- 16.8.1 Company Overview
- 16.8.2 Financial Analysis
- 16.8.3 Segmental and Regional Analysis
- 16.8.4 Research & Development Expense
- 16.8.5 SWOT Analysis
- 16.9 Mitsubishi Electric Corporation
- 16.9.1 Company Overview
- 16.9.2 Financial Analysis
- 16.9.3 Segmental and Regional Analysis
- 16.9.4 Research & Development Expense
- 16.9.5 SWOT Analysis
- 16.10. Xylem, Inc. (Sensus)
- 16.10.1 Company Overview
- 16.10.2 Financial Analysis
- 16.10.3 Segmental and Regional Analysis
- 16.10.4 Research & Development Expense
- 16.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Electric Sub-meters Market, 2021 - 2024, USD Million
- TABLE 2 North America Electric Sub-meters Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Electric Sub-meters Market
- TABLE 4 North America Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
- TABLE 5 North America Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
- TABLE 6 North America Three Phase Market by Region, 2021 - 2024, USD Million
- TABLE 7 North America Three Phase Market by Region, 2025 - 2032, USD Million
- TABLE 8 North America Single Phase Market by Region, 2021 - 2024, USD Million
- TABLE 9 North America Single Phase Market by Region, 2025 - 2032, USD Million
- TABLE 10 North America Electric Sub-meters Market by Type, 2021 - 2024, USD Million
- TABLE 11 North America Electric Sub-meters Market by Type, 2025 - 2032, USD Million
- TABLE 12 North America Electronic Sub-Meters Market by Country, 2021 - 2024, USD Million
- TABLE 13 North America Electronic Sub-Meters Market by Country, 2025 - 2032, USD Million
- TABLE 14 North America Smart Sub-Meters Market by Country, 2021 - 2024, USD Million
- TABLE 15 North America Smart Sub-Meters Market by Country, 2025 - 2032, USD Million
- TABLE 16 North America Digital Sub-Meters Market by Country, 2021 - 2024, USD Million
- TABLE 17 North America Digital Sub-Meters Market by Country, 2025 - 2032, USD Million
- TABLE 18 North America Analog / Conventional Sub-Meters Market by Country, 2021 - 2024, USD Million
- TABLE 19 North America Analog / Conventional Sub-Meters Market by Country, 2025 - 2032, USD Million
- TABLE 20 North America Other Type Market by Country, 2021 - 2024, USD Million
- TABLE 21 North America Other Type Market by Country, 2025 - 2032, USD Million
- TABLE 22 North America Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
- TABLE 23 North America Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
- TABLE 24 North America Wired Market by Country, 2021 - 2024, USD Million
- TABLE 25 North America Wired Market by Country, 2025 - 2032, USD Million
- TABLE 26 North America Wireless Market by Country, 2021 - 2024, USD Million
- TABLE 27 North America Wireless Market by Country, 2025 - 2032, USD Million
- TABLE 28 North America Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
- TABLE 29 North America Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
- TABLE 30 North America Industrial Market by Country, 2021 - 2024, USD Million
- TABLE 31 North America Industrial Market by Country, 2025 - 2032, USD Million
- TABLE 32 North America Commercial Market by Country, 2021 - 2024, USD Million
- TABLE 33 North America Commercial Market by Country, 2025 - 2032, USD Million
- TABLE 34 North America Residential Market by Country, 2021 - 2024, USD Million
- TABLE 35 North America Residential Market by Country, 2025 - 2032, USD Million
- TABLE 36 North America Other End Use Market by Country, 2021 - 2024, USD Million
- TABLE 37 North America Other End Use Market by Country, 2025 - 2032, USD Million
- TABLE 38 North America Electric Sub-meters Market by Country, 2021 - 2024, USD Million
- TABLE 39 North America Electric Sub-meters Market by Country, 2025 - 2032, USD Million
- TABLE 40 US Electric Sub-meters Market, 2021 - 2024, USD Million
- TABLE 41 US Electric Sub-meters Market, 2025 - 2032, USD Million
- TABLE 42 US Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
- TABLE 43 US Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
- TABLE 44 US Electric Sub-meters Market by Type, 2021 - 2024, USD Million
- TABLE 45 US Electric Sub-meters Market by Type, 2025 - 2032, USD Million
- TABLE 46 US Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
- TABLE 47 US Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
- TABLE 48 US Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
- TABLE 49 US Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
- TABLE 50 Canada Electric Sub-meters Market, 2021 - 2024, USD Million
- TABLE 51 Canada Electric Sub-meters Market, 2025 - 2032, USD Million
- TABLE 52 Canada Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
- TABLE 53 Canada Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
- TABLE 54 Canada Electric Sub-meters Market by Type, 2021 - 2024, USD Million
- TABLE 55 Canada Electric Sub-meters Market by Type, 2025 - 2032, USD Million
- TABLE 56 Canada Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
- TABLE 57 Canada Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
- TABLE 58 Canada Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
- TABLE 59 Canada Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
- TABLE 60 Mexico Electric Sub-meters Market, 2021 - 2024, USD Million
- TABLE 61 Mexico Electric Sub-meters Market, 2025 - 2032, USD Million
- TABLE 62 Mexico Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
- TABLE 63 Mexico Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
- TABLE 64 Mexico Electric Sub-meters Market by Type, 2021 - 2024, USD Million
- TABLE 65 Mexico Electric Sub-meters Market by Type, 2025 - 2032, USD Million
- TABLE 66 Mexico Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
- TABLE 67 Mexico Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
- TABLE 68 Mexico Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
- TABLE 69 Mexico Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
- TABLE 70 Rest of North America Electric Sub-meters Market, 2021 - 2024, USD Million
- TABLE 71 Rest of North America Electric Sub-meters Market, 2025 - 2032, USD Million
- TABLE 72 Rest of North America Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
- TABLE 73 Rest of North America Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
- TABLE 74 Rest of North America Electric Sub-meters Market by Type, 2021 - 2024, USD Million
- TABLE 75 Rest of North America Electric Sub-meters Market by Type, 2025 - 2032, USD Million
- TABLE 76 Rest of North America Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
- TABLE 77 Rest of North America Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
- TABLE 78 Rest of North America Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
- TABLE 79 Rest of North America Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
- TABLE 80 Key Information - Schneider Electric SE
- TABLE 81 Key Information - Siemens AG
- TABLE 82 Key Information - Honeywell International, Inc.
- TABLE 83 Key Information - ABB Ltd.
- TABLE 84 Key Information - Itron, Inc.
- TABLE 85 Key Information - Landis+Gyr Group AG
- TABLE 86 Key Information - Eaton Corporation PLC
- TABLE 87 Key Information - General Electric Company
- TABLE 88 Key Information - Mitsubishi Electric Corporation
- TABLE 89 key information - Xylem, Inc.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Electric Sub-meters Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting north America Electric Sub-meters Market
- FIG 4 Market Share Analysis, 2024
- FIG 5 Porter's Five Forces Analysis - Electric Sub-meters Market
- FIG 6 Value Chain Analysis of Electric Sub-meters Market
- FIG 7 Product Life Cycle - Electric Sub-meters Market
- FIG 8 Market Consolidation - Electric Sub-meters Market
- FIG 9 Key Customer Criteria - Electric Sub-meters Market
- FIG 10 North America Electric Sub-meters Market share by Phase, 2021
- FIG 11 North America Electric Sub-meters Market share by Phase, 2032
- FIG 12 North America Electric Sub-meters Market by Phase, 2021 - 2032, USD Million
- FIG 13 North America Electric Sub-meters Market share Type, 2024
- FIG 14 North America Electric Sub-meters Market share by Type, 2032
- FIG 15 North America Electric Sub-meters Market by Type, 2021 - 2032, USD Million
- FIG 16 North America Electric Sub-meters Market share by Connectivity, 2024
- FIG 17 North America Electric Sub-meters Market share by Connectivity, 2032
- FIG 18 North America Electric Sub-meters Market by Connectivity, 2021 - 2032, USD Million
- FIG 19 North America Electric Sub-meters Market share by End Use, 2024
- FIG 20 North America Electric Sub-meters Market share by End Use, 2032
- FIG 21 North America Electric Sub-meters Market by End Use, 2021 - 2032, USD Million
- FIG 22 North America Electric Sub-meters Market share by Country, 2024
- FIG 23 North America Electric Sub-meters Market share by Country, 2032
- FIG 24 North America Electric Sub-meters Market by Country, 2021 - 2032, USD Million
- FIG 25 SWOT Analysis: Schneider Electric SE
- FIG 26 SWOT Analysis: Siemens AG
- FIG 27 SWOT Analysis: Honeywell international, inc.
- FIG 28 SWOT Analysis: ABB ltd.
- FIG 29 SWOT Analysis: Eaton Corporation PLC
- FIG 30 SWOT Analysis: General electric Company
- FIG 31 SWOT Analysis: Mitsubishi Electric Corporation
- FIG 32 Swot Analysis: Xylem, Inc.
