Electric Submeters

Energy Management and Billing Services for Commercial, Institutional, Multi-Family, and Industrial Customers: Global Market Analysis and Forecasts

Electricity submeters are critical data acquisition devices for customers interested in billing allocation or energy management solutions. These devices have become commoditized as the market has matured for tenant-level utility billing. There is increasing demand for more holistic energy management solutions, driven by the intelligent buildings market, that is helping to drive innovation. Submetering is a crucial component for attaining the granular energy consumption data that enables energy management software and services to generate actionable insights and facility and organizational changes.

Technology trends such as the Internet of Things (IoT), cloud computing, and the adoption of mobile devices are enabling the energy management and optimization offerings that are expanding the business case for investment in submeter hardware. Submeters have become commoditized for the most part, but installation has been a significant barrier due to power outages during installation and specialized labor costs. As a result, a growing array of alternative metering devices that utilize wireless communications and new form factors has the potential to expand the submeter market. Meanwhile, investments in North America and Europe continue to lead the global market. According to Navigant Research, global revenue from electric submeters is expected to grow from $949.7 million in 2015 to $2.5 billion by 2024.

This Navigant Research report examines the key market dynamics shaping customer adoption of electricity submetering, with a focus on energy management and billing services. The study provides an analysis of the market issues, including drivers, barriers, policies and regulatory mandates, and technology trends, associated with electric submeters. Global market forecasts, broken out by region, customer segment (commercial, institutional, multi-family, and industrial), and application, extend through 2024. The report also examines the key technologies related to electric submeters, as well as the competitive landscape.

Key Questions Addressed:
  • Why are customers investing in submeters for electricity?
  • What applications are driving investment in submetering?
  • What are the major drivers and barriers related to electric submetering?
  • What customer segments are investing in submeters?
  • What regions have the largest submetering market?
Who needs this report?
  • Submeter vendors
  • Energy management service providers
  • Commercial real estate players
  • Building owners
  • Facilities management
  • Investor community

Table of Contents

1. Executive Summary

1.1  Introduction

1.2  Market Dynamics

1.3  Investment in Submeters

1.4  Market Size and Forecast

2. Market Issues

2.1  Introduction

2.2  Market Dynamics

2.3  Drivers

2.3.1  Technology Trends

2.3.2  Corporate Policy Influences

2.3.3  Measurement and Verification

2.3.4  Occupant Engagement

2.3.5  Region-Specific Drivers

2.3.5.1  North America

2.3.5.2  Europe

2.3.5.3  Asia Pacific

2.4  Barriers

2.4.1  Market Maturity and the Status Quo

2.4.2  Installation and Commissioning

3. Technology Issues

3.1  Introduction

3.1.1  Feed-Through Socket Meter

3.1.2  Current Transformer

3.1.3  Non-Socket-Type Meter

3.2  Configuration

3.3  Submetering Specification

3.4  Communications

3.4.1  Wired Communications

3.4.2  Wireless

3.4.3  Data Integration

3.5  Installation and Calibration

3.6  Submeter Standards

3.7  End-Use Monitoring

4. Key Industry Players

4.1  Introduction

4.2  Hardware Providers

4.2.1  38 Zeros

4.2.2  CARMA

4.2.3  Continental Control Systems

4.2.4  DENT Instruments

4.2.5  GE Energy

4.2.6  GridPoint

4.2.7  Honeywell

4.2.8  ista

4.2.9  Obvius

4.2.10   Panoramic Power

4.2.11   Persistent Efficiency

4.2.12   Quadlogic

4.2.13   Schneider Electric

4.2.14   Setpoint Systems

4.2.15   Triacta

4.2.16   Veris Industries

4.3  Energy Management Solutions and Services

4.3.1  Aquicore

4.3.2  echoMESH

4.3.3  Elevate Energy

4.3.4  Enercare

4.3.5  ETC Group

4.3.6  Glenmount

4.3.7  Grosvenor Engineering

4.3.8  OSISoft

4.3.9  Powerhouse Dynamics

4.3.10   Wattics

4.4  Other Stakeholders

4.4.1  Macerich

4.4.2  National Renewable Energy Laboratory

4.4.3  University of California, Davis

4.4.4  U.S. Department of Energy

5. Market Forecasts  

5.1  Forecast Overview

5.2  Key Assumptions

5.3  Methodology

5.4  Segmentation

5.4.1  Commercial

5.4.2  Institutional

5.4.3  Multi-Family

5.4.4  Industrial

5.5  Forecasts by Region

5.5.1  North America

5.5.2  Europe

5.5.3  Asia Pacific

5.5.4  Rest of World

5.6  Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Electric Submeter Revenue by Region, World Markets: 2015-2024
  • Electric Submeter Revenue by Segment, World Markets: 2015
  • Electric Submeter Revenue by Segment, North America: 2015-2024
  • Electric Submeter Revenue by Application, North America: 2015-2024
  • Electric Submeter Revenue by Segment, Europe: 2015-2024
  • Electric Submeter Revenue by Application, Europe: 2015-2024
  • Electric Submeter Revenue by Segment, Asia Pacific: 2015-2024
  • Electric Submeter Revenue by Application, Asia Pacific: 2015-2024
  • Electric Submeter Revenue by Segment, Rest of World: 2015-2024
  • Electric Submeter Revenue by Application, Rest of World: 2015-2024
  • Metering Technology Overview
  • Submetering-Enabled Business Improvement
  • Submetering Options
  • Comparison of CTs
  • Illustrative Submetering Configuration

List of Tables

  • Typical Payback Period for Energy-Efficient Commercial HVAC by Sector, World Markets: 2015
  • Electric Submeter Revenue by Region, World Markets: 2015-2024
  • Electric Submeter Revenue by Application, World Markets: 2015-2024
  • Electric Submeter Revenue by Segment, World Markets: 2015-2024
  • Electric Submeter Revenue by Segment, North America: 2015-2024
  • Electric Submeter Revenue by Application, North America: 2015-2024
  • Electric Submeter Revenue by Segment, Europe: 2015-2024
  • Electric Submeter Revenue by Application, Europe: 2015-2024
  • Electric Submeter Revenue by Segment, Asia Pacific: 2015-2024
  • Electric Submeter Revenue by Application, Asia Pacific: 2015-2024
  • Electric Submeter Revenue by Segment, Rest of World: 2015-2024
  • Electric Submeter Revenue by Application, Rest of World: 2015-2024

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