North America Electric Sub-meters Market Size, Share & Industry Analysis Report By Phase (Three Phase, and Single Phase), By Type (Electronic Sub-Meters, Smart Sub-Meters, Digital Sub-Meters, Analog / Conventional Sub-Meters, and Other Type), By Connectivity (Wired, and Wireless), By End Use (Industrial, Commercial, Residential, and Other End Use), By Country and Growth Forecast, 2025 - 2032

The North America Electric Sub-meters Market would witness market growth of 5.7% CAGR during the forecast period (2025-2032).

The US market dominated the North America Electric Sub-meters Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 4,714.6 million by 2032. The Canada market is experiencing a CAGR of 7.4% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2025 - 2032). The US and Canada led the North America Electric Sub-meters Market by Country with a market share of 69.1% and 15.1% in 2024.

The North American electric sub-meter market has grown from a niche billing tool to a key part of energy efficiency, following the rules, and keeping costs in check. Sub-meters were first used in multi-family and public housing to cut down on tenant disputes. They became more popular during the energy conservation movements of the 1970s and 1980s. The Energy Policy Act of 2005 and state-level building codes helped speed up the adoption of the technology, especially in hospitals, universities, and commercial buildings. New technology made it possible for digital meters to measure a wide range of electrical parameters and work with building automation systems. Sub-meters now support demand response programs, real-time monitoring, and corporate sustainability goals. This shows that the market has matured thanks to policy, economics, and technology.

In North America, some important trends are working with utility incentive programs, following changing building energy codes, and managing distributed energy resources like rooftop solar, EV chargers, and battery storage. Market leaders use strategies like working with utilities to get rebates, connecting with DER platforms, improving cybersecurity, and providing service-oriented models that combine hardware, software, and analytics. Education and outreach to building owners and managers also help more people use it. There is a lot of competition. Multinationals offer complete solutions, regional specialists offer cheap and customizable options, and startups focus on new software and analytics. Different rules in different states and provinces affect prices, features, and how people use them.

Type Outlook

Based on Type, the market is segmented into Electronic Sub-Meters, Smart Sub-Meters, Digital Sub-Meters, Analog / Conventional Sub-Meters, and Other Type. Among various US Electric Sub-meters Market by Type; The Electronic Sub-Meters market achieved a market size of USD $1148.7 Million in 2024 and is expected to grow at a CAGR of 4.1 % during the forecast period. The Analog / Conventional Sub-Meters market is predicted to experience a CAGR of 5.8% throughout the forecast period from (2025 - 2032).

Connectivity Outlook

Based on Connectivity, the market is segmented into Wired, and Wireless. With a compound annual growth rate (CAGR) of 6.2% over the projection period, the Wired Market, dominate the Mexico Electric Sub-meters Market by Connectivity in 2024 and would be a prominent market until 2032. The Wireless market is expected to witness a CAGR of 7.4% during (2025 - 2032).

Free Valuable Insights: The Electric Sub-meters Market is Predict to reach USD 22.12 Billion by 2032, at a CAGR of 6.2%

Country Outlook

Different state and local rules govern the U.S. electric sub-meter market. These rules stress fairness, energy efficiency, and clear billing. Sub-metering lets property owners see how much electricity each tenant uses, but the rules for installation, billing, and tenant protections are different. Adoption is driven by rising energy costs, stricter building codes, and smart grid projects. At the same time, consumers want accurate and clear metering. Some trends are updating older buildings, adding real-time data and energy management systems, and growing demand-response programs. More and more, state and city laws require or encourage sub-metering, which opens up new business opportunities. There is competition among meter makers, service providers, and software companies, but new companies have to deal with problems like meeting accuracy standards, getting regulatory approvals, and showing property owners that their services are worth the money.

List of Key Companies Profiled

• Schneider Electric SE
• Siemens AG
• Honeywell International, Inc.
• ABB Ltd.
• Itron, Inc.
• Landis+Gyr Group AG
• Eaton Corporation plc
• General Electric Company
• Mitsubishi Electric Corporation
• Xylem, Inc. (Sensus)

North America Electric Sub-meters Market Report Segmentation

By Phase

• Three Phase
• Single Phase

By Type

• Electronic Sub-Meters
• Smart Sub-Meters
• Digital Sub-Meters
• Analog / Conventional Sub-Meters
• Other Type

By Connectivity

• Wired
• Wireless

By End Use

• Industrial
• Commercial
• Residential
• Other End Use

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Sub-meters Market, by Phase
1.4.2 North America Electric Sub-meters Market, by Type
1.4.3 North America Electric Sub-meters Market, by Connectivity
1.4.4 North America Electric Sub-meters Market, by End Use
1.4.5 North America Electric Sub-meters Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Market Trends – North America Electric Sub-meters Market
Chapter 5. State of Competition – North America Electric Sub-meters Market
Chapter 6. Competition Analysis- Global
6.1 Market Share Analysis, 2024
6.2 Recent Strategies Deployed in Electric Sub-meters Market
6.3 Porter Five Forces Analysis

Chapter 7. Value Chain Analysis of Electric Sub-meters Market
Chapter 8. Product Life Cycle – Electric Sub-meters Market
Chapter 9. Market Consolidation – Electric Sub-meters Market
Chapter 10. Key Customer Criteria – Electric Sub-meters Market
Chapter 11. North America Electric Sub-meters Market by Phase
11.1 North America Three Phase Market by Region
11.2 North America Single Phase Market by Region

Chapter 12. North America Electric Sub-meters Market by Type
12.1 North America Electronic Sub-Meters Market by Country
12.2 North America Smart Sub-Meters Market by Country
12.3 North America Digital Sub-Meters Market by Country
12.4 North America Analog / Conventional Sub-Meters Market by Country
12.5 North America Other Type Market by Country

Chapter 13. North America Electric Sub-meters Market by Connectivity
13.1 North America Wired Market by Country
13.2 North America Wireless Market by Country

Chapter 14. North America Electric Sub-meters Market by End Use
14.1 North America Industrial Market by Country
14.2 North America Commercial Market by Country
14.3 North America Residential Market by Country
14.4 North America Other End Use Market by Country

Chapter 15. North America Electric Sub-meters Market by Country
15.1 US Electric Sub-meters Market
15.1.1 US Electric Sub-meters Market by Phase
15.1.2 US Electric Sub-meters Market by Type
15.1.3 US Electric Sub-meters Market by Connectivity
15.1.4 US Electric Sub-meters Market by End Use
15.2 Canada Electric Sub-meters Market
15.2.1 Canada Electric Sub-meters Market by Phase
15.2.2 Canada Electric Sub-meters Market by Type
15.2.3 Canada Electric Sub-meters Market by Connectivity
15.2.4 Canada Electric Sub-meters Market by End Use
15.3 Mexico Electric Sub-meters Market
15.3.1 Mexico Electric Sub-meters Market by Phase
15.3.2 Mexico Electric Sub-meters Market by Type
15.3.3 Mexico Electric Sub-meters Market by Connectivity
15.3.4 Mexico Electric Sub-meters Market by End Use
15.4 Rest of North America Electric Sub-meters Market
15.4.1 Rest of North America Electric Sub-meters Market by Phase
15.4.2 Rest of North America Electric Sub-meters Market by Type
15.4.3 Rest of North America Electric Sub-meters Market by Connectivity
15.4.4 Rest of North America Electric Sub-meters Market by End Use

Chapter 16. Company Profiles
16.1 Schneider Electric SE
16.1.1 Company Overview
16.1.2 Financial Analysis
16.1.3 Segmental and Regional Analysis
16.1.4 Research & Development Expense
16.1.5 SWOT Analysis
16.2 Siemens AG
16.2.1 Company Overview
16.2.2 Financial Analysis
16.2.3 Segmental and Regional Analysis
16.2.4 Research & Development Expense
16.2.5 SWOT Analysis
16.3 Honeywell International, Inc.
16.3.1 Company Overview
16.3.2 Financial Analysis
16.3.3 Segmental and Regional Analysis
16.3.4 Research & Development Expenses
16.3.5 SWOT Analysis
16.4 ABB Ltd.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.4.3 Segmental and Regional Analysis
16.4.4 Research & Development Expenses
16.4.5 Recent strategies and developments:
16.4.5.1 Product Launches and Product Expansions:
16.4.6 SWOT Analysis
16.5 Itron, Inc.
16.5.1 Company Overview
16.5.2 Financial Analysis
16.5.3 Segmental and Regional Analysis
16.5.4 Research & Development Expenses
16.5.5 Recent strategies and developments:
16.5.5.1 Partnerships, Collaborations, and Agreements:
16.6 Landis+Gyr Group AG
16.6.1 Company Overview
16.6.2 Financial Analysis
16.6.3 Regional Analysis
16.6.4 Research and Development Expense
16.6.5 Recent strategies and developments:
16.6.5.1 Partnerships, Collaborations, and Agreements:
16.7 Eaton Corporation PLC
16.7.1 Company Overview
16.7.2 Financial Analysis
16.7.3 Segmental and Regional Analysis
16.7.4 Research & Development Expense
16.7.5 SWOT Analysis
16.8 General Electric Company
16.8.1 Company Overview
16.8.2 Financial Analysis
16.8.3 Segmental and Regional Analysis
16.8.4 Research & Development Expense
16.8.5 SWOT Analysis
16.9 Mitsubishi Electric Corporation
16.9.1 Company Overview
16.9.2 Financial Analysis
16.9.3 Segmental and Regional Analysis
16.9.4 Research & Development Expense
16.9.5 SWOT Analysis
16.10. Xylem, Inc. (Sensus)
16.10.1 Company Overview
16.10.2 Financial Analysis
16.10.3 Segmental and Regional Analysis
16.10.4 Research & Development Expense
16.10.5 SWOT Analysis

TABLE 1 North America Electric Sub-meters Market, 2021 - 2024, USD Million
TABLE 2 North America Electric Sub-meters Market, 2025 - 2032, USD Million
TABLE 3 Key Customer Criteria – Electric Sub-meters Market
TABLE 4 North America Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
TABLE 5 North America Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
TABLE 6 North America Three Phase Market by Region, 2021 - 2024, USD Million
TABLE 7 North America Three Phase Market by Region, 2025 - 2032, USD Million
TABLE 8 North America Single Phase Market by Region, 2021 - 2024, USD Million
TABLE 9 North America Single Phase Market by Region, 2025 - 2032, USD Million
TABLE 10 North America Electric Sub-meters Market by Type, 2021 - 2024, USD Million
TABLE 11 North America Electric Sub-meters Market by Type, 2025 - 2032, USD Million
TABLE 12 North America Electronic Sub-Meters Market by Country, 2021 - 2024, USD Million
TABLE 13 North America Electronic Sub-Meters Market by Country, 2025 - 2032, USD Million
TABLE 14 North America Smart Sub-Meters Market by Country, 2021 - 2024, USD Million
TABLE 15 North America Smart Sub-Meters Market by Country, 2025 - 2032, USD Million
TABLE 16 North America Digital Sub-Meters Market by Country, 2021 - 2024, USD Million
TABLE 17 North America Digital Sub-Meters Market by Country, 2025 - 2032, USD Million
TABLE 18 North America Analog / Conventional Sub-Meters Market by Country, 2021 - 2024, USD Million
TABLE 19 North America Analog / Conventional Sub-Meters Market by Country, 2025 - 2032, USD Million
TABLE 20 North America Other Type Market by Country, 2021 - 2024, USD Million
TABLE 21 North America Other Type Market by Country, 2025 - 2032, USD Million
TABLE 22 North America Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
TABLE 23 North America Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
TABLE 24 North America Wired Market by Country, 2021 - 2024, USD Million
TABLE 25 North America Wired Market by Country, 2025 - 2032, USD Million
TABLE 26 North America Wireless Market by Country, 2021 - 2024, USD Million
TABLE 27 North America Wireless Market by Country, 2025 - 2032, USD Million
TABLE 28 North America Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
TABLE 29 North America Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
TABLE 30 North America Industrial Market by Country, 2021 - 2024, USD Million
TABLE 31 North America Industrial Market by Country, 2025 - 2032, USD Million
TABLE 32 North America Commercial Market by Country, 2021 - 2024, USD Million
TABLE 33 North America Commercial Market by Country, 2025 - 2032, USD Million
TABLE 34 North America Residential Market by Country, 2021 - 2024, USD Million
TABLE 35 North America Residential Market by Country, 2025 - 2032, USD Million
TABLE 36 North America Other End Use Market by Country, 2021 - 2024, USD Million
TABLE 37 North America Other End Use Market by Country, 2025 - 2032, USD Million
TABLE 38 North America Electric Sub-meters Market by Country, 2021 - 2024, USD Million
TABLE 39 North America Electric Sub-meters Market by Country, 2025 - 2032, USD Million
TABLE 40 US Electric Sub-meters Market, 2021 - 2024, USD Million
TABLE 41 US Electric Sub-meters Market, 2025 - 2032, USD Million
TABLE 42 US Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
TABLE 43 US Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
TABLE 44 US Electric Sub-meters Market by Type, 2021 - 2024, USD Million
TABLE 45 US Electric Sub-meters Market by Type, 2025 - 2032, USD Million
TABLE 46 US Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
TABLE 47 US Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
TABLE 48 US Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
TABLE 49 US Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
TABLE 50 Canada Electric Sub-meters Market, 2021 - 2024, USD Million
TABLE 51 Canada Electric Sub-meters Market, 2025 - 2032, USD Million
TABLE 52 Canada Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
TABLE 53 Canada Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
TABLE 54 Canada Electric Sub-meters Market by Type, 2021 - 2024, USD Million
TABLE 55 Canada Electric Sub-meters Market by Type, 2025 - 2032, USD Million
TABLE 56 Canada Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
TABLE 57 Canada Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
TABLE 58 Canada Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
TABLE 59 Canada Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
TABLE 60 Mexico Electric Sub-meters Market, 2021 - 2024, USD Million
TABLE 61 Mexico Electric Sub-meters Market, 2025 - 2032, USD Million
TABLE 62 Mexico Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
TABLE 63 Mexico Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
TABLE 64 Mexico Electric Sub-meters Market by Type, 2021 - 2024, USD Million
TABLE 65 Mexico Electric Sub-meters Market by Type, 2025 - 2032, USD Million
TABLE 66 Mexico Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
TABLE 67 Mexico Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
TABLE 68 Mexico Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
TABLE 69 Mexico Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
TABLE 70 Rest of North America Electric Sub-meters Market, 2021 - 2024, USD Million
TABLE 71 Rest of North America Electric Sub-meters Market, 2025 - 2032, USD Million
TABLE 72 Rest of North America Electric Sub-meters Market by Phase, 2021 - 2024, USD Million
TABLE 73 Rest of North America Electric Sub-meters Market by Phase, 2025 - 2032, USD Million
TABLE 74 Rest of North America Electric Sub-meters Market by Type, 2021 - 2024, USD Million
TABLE 75 Rest of North America Electric Sub-meters Market by Type, 2025 - 2032, USD Million
TABLE 76 Rest of North America Electric Sub-meters Market by Connectivity, 2021 - 2024, USD Million
TABLE 77 Rest of North America Electric Sub-meters Market by Connectivity, 2025 - 2032, USD Million
TABLE 78 Rest of North America Electric Sub-meters Market by End Use, 2021 - 2024, USD Million
TABLE 79 Rest of North America Electric Sub-meters Market by End Use, 2025 - 2032, USD Million
TABLE 80 Key Information – Schneider Electric SE
TABLE 81 Key Information – Siemens AG
TABLE 82 Key Information – Honeywell International, Inc.
TABLE 83 Key Information – ABB Ltd.
TABLE 84 Key Information – Itron, Inc.
TABLE 85 Key Information – Landis+Gyr Group AG
TABLE 86 Key Information – Eaton Corporation PLC
TABLE 87 Key Information – General Electric Company
TABLE 88 Key Information – Mitsubishi Electric Corporation
TABLE 89 key information – Xylem, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Electric Sub-meters Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting north America Electric Sub-meters Market
FIG 4 Market Share Analysis, 2024
FIG 5 Porter’s Five Forces Analysis – Electric Sub-meters Market
FIG 6 Value Chain Analysis of Electric Sub-meters Market
FIG 7 Product Life Cycle – Electric Sub-meters Market
FIG 8 Market Consolidation – Electric Sub-meters Market
FIG 9 Key Customer Criteria – Electric Sub-meters Market
FIG 10 North America Electric Sub-meters Market share by Phase, 2021
FIG 11 North America Electric Sub-meters Market share by Phase, 2032
FIG 12 North America Electric Sub-meters Market by Phase, 2021 - 2032, USD Million
FIG 13 North America Electric Sub-meters Market share Type, 2024
FIG 14 North America Electric Sub-meters Market share by Type, 2032
FIG 15 North America Electric Sub-meters Market by Type, 2021 - 2032, USD Million
FIG 16 North America Electric Sub-meters Market share by Connectivity, 2024
FIG 17 North America Electric Sub-meters Market share by Connectivity, 2032
FIG 18 North America Electric Sub-meters Market by Connectivity, 2021 - 2032, USD Million
FIG 19 North America Electric Sub-meters Market share by End Use, 2024
FIG 20 North America Electric Sub-meters Market share by End Use, 2032
FIG 21 North America Electric Sub-meters Market by End Use, 2021 - 2032, USD Million
FIG 22 North America Electric Sub-meters Market share by Country, 2024
FIG 23 North America Electric Sub-meters Market share by Country, 2032
FIG 24 North America Electric Sub-meters Market by Country, 2021 - 2032, USD Million
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 SWOT Analysis: Siemens AG
FIG 27 SWOT Analysis: Honeywell international, inc.
FIG 28 SWOT Analysis: ABB ltd.
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: General electric Company
FIG 31 SWOT Analysis: Mitsubishi Electric Corporation
FIG 32 Swot Analysis: Xylem, Inc.