Overview:

The Korean electric sub-meter industry is set to achieve a compound annual growth rate of approximately 5.5% over the period from 2025 to 2035. The market size is projected to be valued at around USD 18.35 million in the year 2025. By the end of the forecast period in 2035, the value of the market is expected to increase substantially, reaching roughly USD 31.34 million.

During 2024, the sector experienced consistent expansion, primarily fueled by greater public awareness regarding energy usage and the implementation of more stringent governmental standards focused on improving energy efficiency within both residential and commercial properties.

The widespread adoption of intelligent grid technologies and sophisticated metering infrastructure significantly boosted the demand for digital and internet-connected sub-meters. The industry also saw considerable progress in technological advancements and the modernization of existing structures with new sub-metering systems, which further facilitated market growth. Leading participants in the market dedicated efforts toward integrating internet of things capabilities into meters for enhanced real-time energy oversight.

The market is anticipated to demonstrate continued momentum in its growth trajectory over the next decade. Increased acceptance of comprehensive energy administration systems within industrial and commercial operations will contribute to sustained demand.

A survey involving key players in the electric sub-meter market in Korea revealed crucial insights into industry trends and challenges. A significant majority, 73%, underscored the importance of seamless integration with smart grid systems for enabling instantaneous monitoring and responsive energy management.

High precision and robust data analysis features were prioritized by 66% of those surveyed, emphasizing the need for effective tracking of energy use. Key impediments to widespread implementation, according to 60% of respondents, included substantial initial investment costs and the complexity involved in the installation process.

Regarding the adoption of advanced metering infrastructure, 70% indicated a rise in deploying sub-meters equipped with AMI for improved data collection and remote energy control. Future investment priorities included a strong focus on advancements in IoT and AI, with 80% of manufacturers planning to allocate resources towards developing AI-powered sub-meters with predictive energy analysis features.