Growth and Innovation in Submetering
The submetering market evolves with IoT, analytics, and regulatory trends, emphasizing energy efficiency and sustainability.
Submetering
Market Analysis
The global submetering market is valued at approximately USD 14.8–15.7 billion for 2023–2024, with North America as the largest region and Asia-Pacific as the fastest-growing. The US market, worth $9.77 billion in 2024, is projected to reach $7.7–13 billion by 2030, with a modest CAGR of 0.97%. Market expansion is propelled by a growing demand for energy efficiency, stricter regulations, urbanization, and smart grid development. However, high initial costs and regulatory barriers pose challenges. Overall, the market remains on a positive growth trajectory, especially given the focus on sustainability and renewable energy integration.
~
$
9.8
B
Market Value 2024 (U.S)
~
$
5
B
Market Value 2030 (U.S)
5.90
%
CAGR (U.S)
Key Market Drivers
Increased demand for energy efficiency
Stricter regulatory requirements for energy monitoring
Rapid urbanization
Market Inhibitors
High initial costs
Lack of awareness
Regulatory hurdles
Our Insights
The submetering industry stands at a pivotal juncture, where technology-driven innovation and strategic consolidation shape future growth. As energy efficiency and sustainability pressures intensify, companies must differentiate through real-time analytics, seamless IoT integration, and exceptional customer service. M&A activity signals a race for scale and expanded capabilities, making agility and product development critical. Regulatory complexity and cybersecurity remain persistent risks, underscoring the need for compliance expertise and robust data protection. Business owners should invest in cloud-based solutions, pursue strategic partnerships, and tailor offerings for diverse customer segments to unlock value, foster resilience, and stay ahead in this evolving landscape.
Key Players in The Industry
Veolia North America
Designs, implements, commissions, and integrates advanced submetering platforms.
Synergy Utility Billing
Provides full-service utility submetering and RUBS (Ratio Utility Billing System) services nationwide.
National Exemption Service (NES)
Focuses on properties with 100+ multifamily units, providing submetering and RUBS services.
Recent
M&A Activity
These deals indicate a trend of consolidation within the submetering industry, with larger companies acquiring smaller ones to expand their geographic reach, service offerings, and customer base.
Acquisition
February 28, 2025
Pioneer Energy Management acquired Submeter Solutions
Expands presence, increases product offerings.
Acquisition
January 1, 2024
Submeter Solutions acquired URS of WA
Maintains existing pricing and services.
Acquisition
Unknown
Metergy Solutions acquired Energy Management Systems (EMS3)
Increases service portfolio.
