GLOBAL ELECTRIC SUB METER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2024, Schneider Electric, a France-based energy management and automation leader, launched the PowerLogic ION9000 series of smart meters. This new product line boasts advanced energy monitoring features, real-time data analytics, and improved integration with the EcoStruxure platform, enhancing energy management for both residential and commercial uses.
• In January 2024, Honeywell, a U.S.-based technology and manufacturing giant, launched a new smart energy management control system aimed at greatly improving building energy management. This innovative system integrates Honeywell’s existing building management solutions with advanced smart metering technology.In 2023, Metro Prepaid, a company specializing in prepaid utility solutions, launched its electric sub meters in Ireland. These meters will assist landlords in collecting utility payments from tenants and represent a significant move towards more sustainable and efficient energy consumption.
• In September 2020, Schneider Electric, a global leader in energy management and automation, introduced a smart equipment designed to assist electricity distribution companies in Nigeria. This technology aims to address grid faults and restore power within less than a minute following disruptions.