Dublin, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The "Electric Sub-meter Market - By Type: Global Industry Perspective, Comprehensive Analysis and Forecast 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The electric sub-meter market is set for a rapid growth over the forecast period. In terms of revenue, the global electric sub-meter market accounted for USD 7 Billion in 2019 and is expected to Reach USD 10.4 Billion by 2026, growing at a CAGR of around 5.8%. Uptick in smart grid home area network (HAN) installation projects in Asia region, driven by government initiatives, is creating fertile ground for players in the electric sub-meter market. In addition, local manufacturers are offering smart electric sub-meters for installation in commercial and residential spaces. Considering the rising level of competition, both, global and regional players are focusing on enhancing value-addition in their offerings at competitive pricing.
The electric-sub meter helps in recording and measuring the consumption of the electricity for the individual component of the construction instead of having an individual meter that will measure the entire consumption of the energy in the construction. Installing the electric-sub meters in the multi-tenant spaces removes the extra operational cost which in turn benefits the owner of the construction economically.
Electric Sub-meter Market: Facts
The ongoing energy management service models and the developments that are made in the building energy management systems (BEMS) are triggering the adoption of the electric sub-meters to a wide set of building owners and managers. The sub-meters are now attracting the midmarket of the smaller facilities along with a wider audience in order to disaggregate their electricity bills.
Electric Sub-meter Market: Segmentation
The global market for the electric sub-meter is fragmented into its type and application. Based on the type, the global market is segregated into smart sub-meter, non-socket/electronic sub-meter, and socket type/electromechanical sub-meter. The socket type/electromechanical sub-meter segment is sub-segmented into current transformer and feed-through sub-meter. Based on the applications, the market is categorized into industrial sector, residential sector, and commercial establishments. The commercial establishments segment is sub-segmented into data centers, large retail stores, and others.
Electric Sub-meter Market: Growth Factors
In the commercial and the industrial sectors, there is an increased importance for monitoring, reducing, controlling, and managing the proper usage of the electricity. The increasing requirement for the regularity and compliance of the electricity management and the growing focus on categorizing the indicators for the efficient usage of the electricity are the major factors that are driving the electric sub-meter market. In the recent years, there has been an increased focus on finding out ways for the efficient management of the electricity especially in the industrial and the commercial sectors with an increased interest in integrating the sub-meters to the big data and cloud have augmented the development of the market. Other factors that are contributing to the growth of the market are the implementations that are made by the government about the installations of the sub-meter in the new construction works and the advancements that are made in the technologies such as internet of things in order to renovate the conventional energy infrastructure. The factor that restrains the growth of the market is lack of awareness among the users about the efficient management of the energy.
Electric Sub-meter Market: Regional Analysis
The region that is leading the electric sub-meter market is North America. The factor that is contributing to the growth of the market in the North American region is the increasing importance of the energy management solutions. The electric sub-meter market is growing at a fast rate in Asia Pacific region owing to the escalating industrial and commercial sectors and due to the increased adoption of the sub-meters for the tenant billing and the management of the energy.
Electric Sub-meter Market: Competitive Players
The key market players that are involved in the electric sub-meter market include Siemens AG, Elster Group, Leviton, Nuri Telecom, Honeywell International, Schneider Electric, LEM, GE Digital Energy, Kamstrup, Studebaker Submetering Inc., Echelon, Linyang Electronics, and Chintim Instruments Submeter Solutions.
Electric Sub-meter Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
Key Topics Covered:
1 Preface
1.1 Report Description
1.1 Report Scope
2 Research Methodology
2.1 Research Methodology
2.2 Secondary Research
2.3 Primary Research
2.4 Models
2.4.1 Company Share Analysis Model
2.4.2 Revenue Based Modeling
2.5 Research Limitations
3 Executive Summary
3.1 Global Energy Recovery Ventilator Market, 2016 - 2026 (USD Million)
3.2 Global Energy Recovery Ventilator Market: Snapshot
4 Energy Recovery Ventilator Market - Industry Analysis
4.1 Introduction
4.2 Market Drivers
4.2.1 Driving Factor 1 Analysis
4.2.2 Driving Factor 2 Analysis:
4.3 Market Restraints
4.3.1 Restraining Factor Analysis
4.4 Market Opportunities
4.4.1 Market Opportunity & Use-case Analysis
4.4.2 Use - Cases for Energy Recovery Ventilator
4.5 Porter's Five Forces Analysis
4.6 COVID-19 Impact Analysis
4.6.1.1 Impact on Product Development and technology Adoption
4.6.1.2 Gap Analysis
5 Investment Proposition Analysis
5.1 Global Energy Recovery Ventilator Market Attractiveness, By technology Type
5.2 Global Energy Recovery Ventilator Market Attractiveness, By Application
5.3 Global Energy Recovery Ventilator Market Attractiveness, By Region
6 Competitive Landscape
6.1 Company Market Share Analysis - 2019
6.1.1 Global Energy Recovery Ventilator Market: Company Market Share, 2019
6.2 Strategic Developments
7 Energy Recovery Ventilator Market - technology Type Segment Analysis
7.1 Global Energy Recovery Ventilator Market Overview: by technology Type
7.1.1 Global Energy Recovery Ventilator Market Revenue Share, by technology Type, 2019 & 2026
7.2 Global Energy Recovery Ventilator Market Analysis/Overview - By technology Type
7.2.1 Plate Heat Exchanger - Overview/Analysis
7.2.2 Rotary Heat Exchanger - Overview/Analysis
7.2.3 Run-Around Coil - Overview/Analysis
7.2.4 Others - Overview/Analysis
7.3 Plate Heat Exchanger
7.3.1 Global Energy Recovery Ventilator Market for Plate Heat Exchanger, Revenue (USD Million) 2016 - 2026
7.4 Rotary Heat Exchanger
7.4.1 Global Energy Recovery Ventilator Market for Rotary Heat Exchanger, Revenue (USD Million) 2016 - 2026
7.5 Run-Around Coil
7.5.1 Global Energy Recovery Ventilator Market for Run-Around Coil, Revenue (USD Million) 2016 - 2026
7.6 Others
7.6.1 Global Energy Recovery Ventilator Market for Others, Revenue (USD Million) 2016 - 2026
8 Energy Recovery Ventilator Market - Application Segment Analysis
8.1 Global Energy Recovery Ventilator Market Overview: by Application
8.1.1 Global Energy Recovery Ventilator Market Revenue Share, by Application, 2019 & 2026
8.2 Global Energy Recovery Ventilator Market Analysis/Overview - By Application
8.2.1 Commercial - Overview/Analysis
8.2.2 Residential - Overview/Analysis
8.2.3 Others - Overview/Analysis
8.3 Commercial
8.3.1 Global Energy Recovery Ventilator Market for Commercial, Revenue (USD Million) 2016 - 2026
8.4 Residential
8.4.1 Global Energy Recovery Ventilator Market for Residential, Revenue (USD Million) 2016 - 2026
8.5 Others
8.5.1 Global Energy Recovery Ventilator Market for Others, Revenue (USD Million) 2016 - 2026
9 Energy Recovery Ventilator Market - Regional Analysis
9.1 Global Energy Recovery Ventilator Market: Regional Overview
9.1.1 Global Energy Recovery Ventilator Market Revenue Share, by Region, 2019 & 2026
9.1.2 Global Energy Recovery Ventilator Market Revenue, by Region, 2016 - 2026 (USD Million)
9.2 North America
9.2.1 North America Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
9.2.2 North America Energy Recovery Ventilator Market Revenue, by Country, 2016 - 2026 (USD Million)
9.2.3 North America Energy Recovery Ventilator Market Revenue, by technology Type, 2016 - 2026
9.2.4 North America Energy Recovery Ventilator Market Revenue, by Application, 2016 - 2026
9.2.5 U.S.
9.2.6 Canada
9.3 Europe
9.3.1 Europe Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
9.3.2 Europe Energy Recovery Ventilator Market Revenue, by Country, 2016 - 2026 (USD Million)
9.3.3 Europe Energy Recovery Ventilator Market Revenue, by technology Type, 2016 - 2026
9.3.4 Europe Energy Recovery Ventilator Market Revenue, by Application, 2016 - 2026
9.3.5 Germany
9.3.6 France
9.3.7 U.K.
9.3.8 Italy
9.3.9 Spain
9.3.10 Rest of Europe
9.4 Asia Pacific
9.4.1 Asia Pacific Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
9.4.2 Asia Pacific Energy Recovery Ventilator Market Revenue, by Country, 2016 - 2026 (USD Million)
9.4.3 Asia Pacific Energy Recovery Ventilator Market Revenue, by technology Type, 2016 - 2026
9.4.4 Asia Pacific Energy Recovery Ventilator Market Revenue, by Application, 2016 - 2026
9.4.5 China
9.4.6 Japan
9.4.7 India
9.4.8 South Korea
9.4.9 South-East Asia
9.4.10 Rest of Asia Pacific
9.5 Latin America
9.5.1 Latin America Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
9.5.2 Latin America Energy Recovery Ventilator Market Revenue, by Country, 2016 - 2026 (USD Million)
9.5.3 Latin America Energy Recovery Ventilator Market Revenue, by technology Type, 2016 - 2026
9.5.4 Latin America Energy Recovery Ventilator Market Revenue, by Application, 2016 - 2026
9.5.5 Brazil
9.5.6 Rest of Latin America
9.6 The Middle-East and Africa
9.6.1 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
9.6.2 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by Country, 2016 - 2026 (USD Million)
9.6.3 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by technology Type, 2016 - 2026
9.6.4 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by Application, 2016 - 2026
9.6.5 GCC Countries
9.6.6 South Africa
9.6.7 Rest of Middle-East Africa
10 Company Profiles
10.1 Mitsubishi Electric Corporation
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product portfolio
10.1.4 Business Strategy
10.1.5 Recent Developments
10.2 Daikin
10.3 Panasonic Corporation
10.4 LG Electronics
10.5 Johnson Controls
10.6 Munters
10.7 FUJITSU GENERAL
10.8 Carrier Corporation
10.9 Nortek Air Solutions
10.10 Greenheck Fan
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