Electric Sub-Meter Industry Analysis in Western Europe

Analytical Study of Electric Sub-meter in Western Europe from (2024 to 2034)

The adoption of electric sub-meter in Western Europe is estimated to display a moderate CAGR of 5.6% through 2034. Sales of electric sub-meter in Western Europe are expected to jump from USD 3,722.00 million in 2024 to USD 6,097.39 million by 2034.

The scope of electric sub-meter is quite extensive in Western Europe. The high acceptance of these meters stems from an increasing emphasis on sustainability and energy efficiency. Therefore, players are providing a range of electric sub-metering systems that can be used in commercial, residential, or industrial settings. Going a step ahead, top players are also offering leasing facilities to rent sub-metering equipment on a long-term basis, thereby providing robust solutions for property managers and building owners.

Attributes	Details
Industry Size of Electric Sub-meter in Western Europe in 2024	USD 3,722.00 million
Expected Industry Size of Electric Sub-meter in Western Europe by 2034	USD 6,097.39 million
Forecast CAGR between 2024 to 2034	5.6%

Sales Analysis of Electric Sub-meter in Western Europe

• The increasing number of smart cities and smart building projects across Western Europe is catapulting sales of advanced sub-metering solutions.
• Rising government incentives and regulatory mandates to lower energy consumption are encouraging individuals and businesses to install sub-meters.
• The surging integration of cloud-based platforms and IoT technology is enabling real-time data analytics and reporting to empower users.

Country-wise Insights

Dedicated Efforts in the United Kingdom to Cut Down on GHG Emissions Promotes Sales of Electric Sub-meters

Country	The United Kingdom
Forecast CAGR % (2024 to 2034)	5.2%

Growth prospects for electric sub-meter in the United Kingdom are steadily rising. As per latest estimates, the country is set to surge at a CAGR of 5.2% through 2034. Top factors shaping the growth trajectory are as follows:

• Increasing focus on sustainability and carbon reduction is driving up the sales of electric sub-meter in the country, which are used to facilitate precise monitoring and regulation of energy consumption.
• Surging government support in the form of policies and incentives to promote energy-efficient systems and tools is favoring the sales of electric sub-meter in the United Kingdom.

Technological Advancements in Electric Sub-meter is Enhancing their Appeal in Germany

Country	Germany
Forecast CAGR % (2024 to 2034)	5.7%

Germany is a promising country for electric sub-meter business. Factors leading to growth expansion of the Germany electric sub-meter industry are as follows:

• The rising adoption of renewable energy sources, such as solar and wind power, is opening up avenues for sub-metering systems to monitor and optimize the integration of green energy.
• The surging demand for energy-efficient solutions in commercial complexes and residential buildings is driving industry growth.
• Growing technological improvements, such as data analytics capabilities and IoT integration, are increasing the appeal of electric sub-meters, which are being used as integral components in smart building initiatives.

Cumulatively, these factors are contributing to greater sales of electric sub-meter in Germany. As per latest analysis, the country is set to surge ahead at a CAGR of 5.7% through 2034.

Increasing Substitution of Traditional Sub-meters with Power Sub-meters in Italy

Country	Italy
Forecast CAGR % (2024 to 2034)	6.3%

The sales value generated from electric sub-meter is projected to appreciate at a CAGR of 6.3% through 2034. Demand for these meters in Italy is driven by:

• The increasing substitution of traditional sub-meters with power sub-meters is expanding the role of electric sub-meter providers in Italy.
• Surging investments by companies in research and development aim to offer technology-driven power sub-meters at reduced prices and increased quality.
• Increasing emphasis on sustainability and energy efficiency is contributing to the sales of electric sub-meters, which control energy consumption in both commercial and residential settings.

Ambitious Sustainability Targets in France to Boost Adoption of Electric Sub-meters

Country	France
Forecast CAGR % (2024 to 2034)	5.6%

Deployment of electric sub-meter is rising in France at a rate of 5.6% CAGR through 2034. Factors yielding significant growth are as follows:

• The increasing reliance of the industrial sector on electric sub-meter aims to reduce operational costs, boost energy management, and meet sustainability targets.
• The surging adoption of smart grids in the country is favoring the sales of electric sub-meters.
• The spurring utilization of electric sub-meter to track electricity consumption is evident in various applications, including residential buildings, commercial buildings, and industrial facilities.

Spain to Observe Increasing Installations of Smart Sub-meters

Country	Spain
Forecast CAGR % (2024 to 2034)	4.8%

Spain is projected to observe increasing sales at a CAGR of 4.8% through 2034. Factors fueling growth in sales are as follows:

• Government commitment to encouraging the use of renewable energy is expected to favor the electric sub-meter industry.
• Increasing installations of smart sub-meters assist in the effective management of power.
• Rising smart grid installation programs in Spain are boosting the sales of these meters.

Category-wise Insights

Smart Sub-meters Gaining Widespread Popularity across Western Europe

Leading Product	Smart Sub-meter
Value Share % (2024)	85.2%

Smart sub-meters are projected to acquire a share of 85.2% in 2024. The increasing drive toward energy efficiency and performance among industrials is pushing the adoption of smart sub-meters, which are being used more frequently than their traditional variations such as electronic and electromechanical sub-meters. They assist in effective power management, the prevention of data input errors, and billing efficiency through a web-based monitoring system.

Key providers of smart sub-meters who are proactive in their approaches toward technologically advanced sub-meters are expected to realize outsized profits. Surging funding for smart sub-meters is driving up their installation in Western Europe. Additionally, federal programs have also been instrumental in raising the deployment of smart sub-meters.

Single Phase to Account for a Massive Share in Regional Industry

Leading Phase	Single
Value Share % (2024)	78.6%

The single-phase segment is projected to acquire a share of 78.6% in 2024. A key factor supporting its usage is precision in measuring electricity consumption. Furthermore, the extensive application of single-phase in commercial, residential, and industrial settings is fueling the segment’s growth.

Players Implementing Smart Strategic Moves to Capitalize on the Sustainability Movement

Key players are offering a long-term rental option for sub-metering equipment and associated services to measure heat and water usage within multi-dwelling properties across Western Europe. For this service, players are targeting property managers and building owners to serve individual dwellings.

Key participants are also forming strategic partnerships to offer smart metering solutions across the region. Additionally, the acquisition of smaller companies is another go-to strategy for industry competitors to enlarge their share in Western Europe.

Leading players are allocating a portion of their budget to innovation practices to develop unique and distinct electric sub-meter with upgraded capabilities and features. Competitors are reaching beyond their area of expertise by partnering with other leaders to upskill themselves. Partnerships are a great way to foster knowledge and expertise sharing.

Geographically, players are also searching for growth possibilities in unexplored countries. All in all, players are well-positioned to capitalize on the ongoing trend of sustainability and energy efficiency across the region with smart strategic moves.

Developments Recently Taken Place in Western Europe

• In November 2023, SunOyster Energy, a German start-up, deployed a dual-axis-based movable PV system in South Africa's Sanbona Wildlife Reserve. This system supplies power to the Eco Lodge White Lion.
• In May 2023, Netze BW, a German network operator, announced that it has partnered with Minol Zenner and aktiver EMT. Through this partnership, Netze BW aims to pilot the transmission of heat sub-metering data through a smart meter gateway.
• In January 2023, Arcus Infrastructure Partners acquired Officium, a German sub-metering provider.

Key Players Providing Electric Sub-Meter in Western Europe

• VPInstruments
• Advanced Industrial Systems Ltd.
• Smartvatten
• Kamstrup Water Metering L.L.C.
• Eldridge Products, Inc.
• GWF MessSysteme AG
• DH Metering Europe
• UK Metering
• Others

Scope of the Report

Attribute	Details
Estimated Industry Size in 2024	USD 3,722.00 million
Projected Industry Size by 2034	USD 6,097.39 million
Anticipated CAGR between 2024 to 2034	5.6% CAGR
Historical Analysis of Demand for Electric Sub-meter in Western Europe	2019 to 2023
Demand Forecast for Electric Sub-meter in Western Europe	2024 to 2034
Report Coverage of Electric Sub-meter in Western Europe	Industry Size, Industry Trends, Analysis of Key Factors Influencing the Adoption of Electric Sub-meter in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers
Key Vendors Profiled for Electric Sub-meter in Western Europe	VPInstruments; Advanced Industrial Systems Ltd.; Smartvatten; Kamstrup Water Metering L.L.C. Eldridge Products, Inc.; GWF MessSysteme AG; DH Metering Europe; UK Metering; Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
• 5. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product
  • 5.1. Socket Type/Electromechanical Sub-Meters
    • 5.1.1. Feed-through Sub-Meters
    • 5.1.2. Current Transformers
  • 5.2. Non-socket /Electronic Sub-Meters
  • 5.3. Smart Sub-Meters
• 6. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Phase
  • 6.1. Single Phase
  • 6.2. Three Phase
• 7. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Commercial Establishments
    • 7.1.1. Large Retail Stores
    • 7.1.2. Data Centers
    • 7.1.3. Others
  • 7.2. Residential Sector
  • 7.3. Industrial Sector
• 8. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 8.1. UK
  • 8.2. Germany
  • 8.3. Italy
  • 8.4. France
  • 8.5. Spain
  • 8.6. Rest of Western Europe
• 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
• 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
• 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
• 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
• 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
• 14. Rest of Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. Schneider Electric
  • 16.2. Siemens AG
  • 16.3. Genus Power Infrastructures Ltd.
  • 16.4. Itron Inc.
  • 16.5. General Electric
  • 16.6. Mitsubishi Electric Corporation
  • 16.7. Osaki Electric Co. Ltd
  • 16.8. Xylem Inc.
  • 16.9. Bentec Electricals & Electronics Pvt. Ltd.
  • 16.10. Kamstrup A/S
• 17. Assumptions & Acronyms Used
• 18. Research Methodology