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 US$ 3,722.00 million in 2024 to US$ 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 | US$ 3,722.00 million |
| Expected Industry Size of Electric Sub-meter in Western Europe by 2034 | US$ 6,097.39 million |
| Forecast CAGR between 2024 to 2034 | 5.6% |
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| 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:
| 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:
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.
| 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:
| 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:
| 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:
Principal Consultant
| 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.
| 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.
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
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 3,722.00 million |
| Projected Industry Size by 2034 | US$ 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 |
The anticipated CAGR through 2034 is 5.6%.
Demand for electric sub-meter in Western Europe is expected to be US$ 6,097.39 million by 2034.
Manufacturers are offering leasing facilities to drive up their sales.
Smart sub-meter witness significant demand among consumers in Western Europe.
Single phase takes a considerable share of the Western Europe electric sub-meter industry.
1. Executive Summary 1.1. Western Europe Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Product, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Product, 2024 to 2034 5.3.1. Socket Type/Electromechanical Sub-Meters 5.3.1.1. Feed-through Sub-Meters 5.3.1.2. Current Transformers 5.3.2. Non-socket /Electronic Sub-Meters 5.3.3. Smart Sub-Meters 5.4. Y-o-Y Growth Trend Analysis By Product, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product, 2024 to 2034 6. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Phase 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Phase, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Phase, 2024 to 2034 6.3.1. Single Phase 6.3.2. Three Phase 6.4. Y-o-Y Growth Trend Analysis By Phase, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Phase, 2024 to 2034 7. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2024 to 2034 7.3.1. Commercial Establishments 7.3.1.1. Large Retail Stores 7.3.1.2. Data Centers 7.3.1.3. Others 7.3.2. Residential Sector 7.3.3. Industrial Sector 7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 8. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Country, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Country, 2024 to 2034 8.3.1. UK 8.3.2. Germany 8.3.3. Italy 8.3.4. France 8.3.5. Spain 8.3.6. Rest of Western Europe 8.4. Market Attractiveness Analysis By Country 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Region 9.2.1.1. England 9.2.1.2. Scotland 9.2.1.3. Wales 9.2.1.4. Northern Ireland 9.2.2. By Product 9.2.3. By Phase 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Region 9.3.2. By Product 9.3.3. By Phase 9.3.4. By Application 9.4. Key Takeaways 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Region 10.2.1.1. North-east (Germany) 10.2.1.2. North-west (Germany) 10.2.1.3. Central (Germany) 10.2.1.4. South (Germany) 10.2.1.5. Other(Germany) 10.2.2. By Product 10.2.3. By Phase 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Region 10.3.2. By Product 10.3.3. By Phase 10.3.4. By Application 10.4. Key Takeaways 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Region 11.2.1.1. North (Italy) 11.2.1.2. Central (Italy) 11.2.1.3. South (Italy) 11.2.1.4. Islands (Italy) 11.2.2. By Product 11.2.3. By Phase 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Product 11.3.3. By Phase 11.3.4. By Application 11.4. Key Takeaways 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.1.1. Northern (France) 12.2.1.2. Central (France) 12.2.1.3. Southern (France) 12.2.1.4. Eastern (France) 12.2.2. By Product 12.2.3. By Phase 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Product 12.3.3. By Phase 12.3.4. By Application 12.4. Key Takeaways 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.1.1. Basque Country 13.2.1.2. Andalusia 13.2.1.3. Extremadura 13.2.1.4. Catalonia 13.2.1.5. Valencia 13.2.1.6. Rest of Spain 13.2.2. By Product 13.2.3. By Phase 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Product 13.3.3. By Phase 13.3.4. By Application 13.4. Key Takeaways 14. Rest of Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Product 14.2.2. By Phase 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Product 14.3.2. By Phase 14.3.3. By Application 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product 15.3.3. By Phase 15.3.4. By Application 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Schneider Electric 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Siemens AG 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Kamstrup A/S 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Itron Inc. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. General Electric 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Mitsubishi Electric Corporation 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Osaki Electric Co. Ltd 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Xylem Inc. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Bentec Electricals & Electronics Pvt. Ltd. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Genus Power Infrastructures Ltd. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Electric Sub-Meter Industry Analysis in Western Europe
