Earlier this month, the National Electrical Manufacturers
Association (NEMA) organized a meeting of a significant number of
representatives of the electrical submetering manufacturing industry to
constitute a new trade group under the NEMA umbrella.
During the meeting, participants discussed a number of
industry-wide concerns and opportunities previously identified during a
May workshop hosted by NEMA that, properly addressed, could accelerate
the growth of this relatively new industry segment. Its growth has been
fueled by the increased energy efficiency requirements of the building
According to Navigant Research, the worldwide submeter market
will double from $771 million to $1.58 billion by 2020 at a compound
annual growth rate of 9.4 percent.
Participants voiced interest in being involved as a
representative stakeholder in related codes and standards development,
as well as regulatory activities and promotional programs (e.g.,
building rating points systems). They addressed organizational and
governance matters necessary to start trade group activities as soon as
According to NEMA Technical Director Andrei Moldoveanu, the timing was ideal.
“We saw similar, unaddressed needs and opportunities for the
submetering industry in various areas where NEMA operates: codes,
standards, regulations, high-performance building rating systems, and
energy-efficiency standardization road-mapping. We saw new vectors—
demand response and energy efficiency—driving the growth of this
industry. We also saw every other stakeholder but the submetering
industry getting vigorously involved. We knew we had the duty to explore
these,” he said.
The National Electrical Manufacturers Association (NEMA) represents nearly 350 electrical equipment and medical imaging manufacturers at the forefront of electrical safety, reliability, and resilience, as well as efficiency and energy security. Our combined industries account for 360,000 American jobs in more than 7,000 facilities covering every state. Our industry produces $106 billion shipments of electrical equipment and medical imaging technologies per year with $36 billion exports.