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Electricity Submetering For Smart Grid Market Size And Revenue Outlook Through 2030
The market size for electricity submetering in smart grids has experienced rapid expansion in recent years. It is projected to grow from $13.9 billion in 2025 to $15.55 billion in 2026, maintaining a compound annual growth rate (CAGR) of 11.9%. The growth observed in prior periods can be attributed to factors such as the increasing adoption of smart grid initiatives, a rise in commercial and industrial electricity consumption, the deployment of advanced metering infrastructure, regulatory mandates promoting energy efficiency, and a heightened awareness of reducing energy costs.
The electricity submetering for smart grid market size is set for substantial expansion in the upcoming years. It is projected to achieve $24.56 billion in 2030, growing at a compound annual growth rate (CAGR) of 12.1%. This anticipated growth can be attributed to the proliferation of smart grid networks, the increased utilization of cloud-based analytics, the integration of artificial intelligence and machine learning for energy optimization, the rising adoption of submetering solutions in residential and commercial sectors, and a heightened focus on sustainability and reducing carbon footprints. Key trends during this period are expected to include integration with energy management systems, real-time data analytics for load optimization, advanced remote monitoring and control capabilities, enablement of demand response, and innovations in predictive maintenance and fault detection.
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Electricity Submetering For Smart Grid Market Expansion Drivers: What’s Shaping Future Growth?
The increasing emphasis on energy efficiency and conservation is anticipated to fuel the expansion of the electricity submetering for smart grid market in the future. These concepts—energy efficiency and conservation—denote minimizing energy usage by employing less power to provide an equivalent or enhanced service level, alongside preventing wasteful energy consumption via behavioral shifts and operational adjustments. This heightened attention to energy efficiency and conservation is predominantly escalating because of growing energy consumption patterns and the increasing expenses of electricity, motivating both governmental bodies and businesses to implement strategies for better energy performance and waste reduction. Electricity submetering for smart grids facilitates energy efficiency and conservation through offering detailed consumption transparency, thereby enabling utilities and users to optimize their usage and diminish avoidable energy losses. An example of this trend is seen in November 2025, where the International Energy Agency (IEA), a France-based intergovernmental organization, forecasts global primary energy intensity to enhance to 1.8% in 2025, an increase from approximately 1% in the prior year, attributed to an anticipated deceleration in global energy demand growth settling at 1.3% in 2025. Consequently, the increased emphasis on energy efficiency and conservation is propelling the expansion of the electricity submetering for smart grid market.
Electricity Submetering For Smart Grid Market Segment Landscape And Growth Outlook
The electricity submetering for smart grid market covered in this report is segmented –
1) By Type: Smart Meters, Submeters, Communication Networks, Other Types
2) By Phase: Single Phase, Three Phase, Other Phase Types
3) By Technology: Advanced Metering Infrastructure, Wireless Communication Networks, Power Line Communication, Cloud Based Analytics, Other Technologies
4) By Application: Monitoring Electricity Consumption At A Granular Level, Energy Management, Load Analysis And Forecasting, Other Applications
5) By End User: Utilities, Commercial Buildings, Industrial Facilities, Residential Consumers, Other End Users
Subsegments:
1) By Smart Meters: Single Phase Smart Meters, Three Phase Smart Meters, Prepaid Smart Meters, Postpaid Smart Meters
2) By Submeters: Residential Submeters, Commercial Submeters, Industrial Submeters, Water Submeters, Gas Submeters
3) By Communication Networks: Wired Communication Networks, Wireless Communication Networks, Power Line Communication Networks, Hybrid Communication Networks
4) By Other Types: Energy Monitoring Devices, Load Management Devices, Distribution Automation Devices, Demand Response Devices
Electricity Submetering For Smart Grid Market Strategic Trends: What Defines The Next Growth Phase?
Leading enterprises within the electricity submetering for smart grid market are concentrating on developing sophisticated innovations, specifically smart electricity submetering, to elevate real-time energy transparency, improve grid interoperability, and maximize energy efficiency. A smart electricity submetering system functions as a digital metering solution, facilitating precise, automated measurement and granular analysis of electricity consumption. For instance, in November 2023, Techem GmbH, a German-based supplier of intelligent and sustainable building services, announced its smart meter operation for Deutsche Investment. This solution enables accurate analysis of electricity and gas usage through automated data collection and web-based visualization, thus supporting informed decisions regarding energy efficiency. It also reinforces smart grid compatibility by allowing for seamless data exchange, minimizing manual processes, and underpinning compliance with Environmental, Social, and Governance reporting.
Electricity Submetering For Smart Grid Market Competitive Landscape: Who Leads The Industry?
Major companies operating in the electricity submetering for smart grid market are Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., Sensus (Xylem Inc.), Diehl Metering GmbH, Sagemcom, Itron Inc., Landis+Gyr AG, Ningbo Sanxing Electric, Wasion Group Holdings Ltd., Badger Meter Inc., Holley Technology Ltd., Aidon Oy, Kamstrup A/S, Hexing Group, Aclara Technologies LLC, Apator S.A., EDMI Limited, HPL Electric & Power Ltd, Genus Power Infrastructures Ltd, Trilliant Holdings Inc., Iskraemeco d.d., CyanConnode, Paradox Engineering SA, Elster Group GmbH, IntelliSmart Infrastructure Pvt Ltd
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Electricity Submetering For Smart Grid Market Geographic Landscape: Which Region Dominates Industry Growth?
North America was the largest region in the electricity submetering for smart grid market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electricity submetering for smart grid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
