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Electricity Submetering For Smart Grid Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The market size for electricity submetering for smart grid has experienced rapid growth in recent years. It is projected to expand from $13.9 billion in 2025 to $15.55 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 11.9%. This expansion in the past 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 for energy efficiency, and a heightened awareness of energy cost reduction.
The electricity submetering for smart grid market is projected to experience substantial expansion in the coming years, reaching $24.56 billion by 2030, driven by a compound annual growth rate (CAGR) of 12.1%. This anticipated growth over the forecast period is fueled by factors such as the broadening of smart grid networks, increased application of cloud-based analytics, the incorporation of AI and machine learning for optimizing energy use, the expanding uptake of submetering across residential and commercial sectors, and a heightened emphasis on sustainability and reducing carbon footprints. Key trends foreseen for this period encompass integration with existing energy management systems, the utilization of real-time data analytics for effective load optimization, advanced remote monitoring and control functionalities, facilitating demand response mechanisms, and enhanced capabilities for predictive maintenance alongside fault detection.
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Electricity Submetering For Smart Grid Market Expansion Supported By Key Demand Factors
An increasing emphasis on energy efficiency and conservation is anticipated to drive the expansion of the electricity submetering for smart grid market in the future. These terms denote a decrease in energy usage, achieved by consuming less energy to provide equivalent or enhanced service, and by preventing needless energy expenditure via changes in behavior and operations. This growing focus is primarily spurred by escalating energy consumption patterns and the increasing price of electricity, which compels governments and various industries to implement strategies for better energy performance and waste reduction. Electricity submetering for smart grids facilitates energy efficiency and conservation through providing detailed visibility into consumption, thereby allowing utilities and consumers to optimize their use and minimize avoidable energy losses. For example, the International Energy Agency (IEA), an intergovernmental entity based in France, forecasts that by November 2025, global primary energy intensity will show an improvement, reaching 1.8% in 2025, an increase from approximately 1% recorded the prior year. This improvement is linked to expectations of a more moderate global energy demand growth, anticipated to slow to 1.3% in 2025. Consequently, the heightened 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 Performance And Strategic Opportunities
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 Growth Trends Influencing Competitive Dynamics
Major companies operating in the electricity submetering for smart grid market are concentrating on developing advanced innovations, such as smart electricity submetering, to enhance real-time energy transparency, grid interoperability, and energy efficiency optimization. A smart electricity submetering system serves as a digital metering solution that enables precise, automated measurement and analysis of electricity consumption at granular levels. For instance, in November 2023, Techem GmbH, a German-based provider of smart and sustainable building services, announced its smart meter operation for Deutsche Investment. This solution facilitates accurate electricity and gas consumption analysis through automated data collection and web-based visualization, supporting informed energy efficiency decisions. It also strengthens smart grid compatibility by enabling seamless data exchange, reducing manual processes, and underpinning Environmental, Social, and Governance reporting compliance.
Electricity Submetering For Smart Grid Market Key Players: Which Companies Shape Industry Competition?
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 Distribution And Regional Opportunities
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.