The Electric Sub-Meter Market is driven by factors such as growing construction of buildings, tenant business, and energy management practice. Apartment buildings, large residential condominium, and landlords opt sub-meter to measure electric consumption by an individual. Energy management is a growing practice among companies that operate large buildings, campuses, and other complex facilities. Energy efficiency is the first step in achieving sustainability in buildings and helps to control increasing their energy costs while reducing their environmental footprint. Submetering promotes conservation and nullifies the expense of bills generated from a master meter, maintenance and improvements.
The major players in the electric submeter market include Siemens AG, Elster Group, Leviton, Nuri Telecom, Honeywell International.
The entire electric submeter market has been sub-categorized into type and application.
By Type
- Non-socket/electronic Sub-meter
- Socket type/electromechanical Sub-meter
- Current Transformer
- Feed-through Sub-meter
By Application
- Commercial Establishments
- Industrial Sector
- Residential Sector
The electric submeter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/electric-sub-meter-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.