Global revenues from electric submeters expected to reach US$2.5 billion by 2024, says firm

Demand is increasing for holistic energy management solutions, and electric submeters are critical data acquisition devices expected to continue to gain market share. This commoditized technology is proving especially helpful for customers interested in billing allocation and energy efficiency improvements. According to a new report from Navigant Research, global revenue from electric submeters is expected to grow from US$949.7 million in 2015 to US$2.5 billion by 2024.

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