Lpwan Market Size, Share & Forecast To 2025

Posted by Rishabh on November 21st, 2019

The global Low Power Wide Area Networks (LPWAN) market is significantly increased during the forecast period. The LPWAN is growing due to increasing need for long range connectivity of devices, lower power consumption supports more devices over a large coverage area, and low cost of LPWAN technology. The efficient use of natural resources is increasingly important towards the population that is mainly concentrated in urban environments such as megacities, and smart cities. There are various impacts that affect society due to this smart metering solutions has introduced to reduce the excessive energy consumption and in detecting resource water.

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Smart gas metering technologies comprises of different technical components that offer features to the society such as accurate measurements and transmission of electricity, gas, and water or heat consumption. There are various applications of smart meter solutions that offer smart waste management, smart gas, smart buildings, smart gas and water metering, smart street light, and smart parking. Smart gas and metering are expected to witness the highest growth rate in the LPWAN market. Moreover, the smart meter solutions are managed the energy networks by reducing the energy consumption such as Demand Side Management (DSM) that is enabled for improving invoicing bills or automated bills.   

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The global LPWAN market is growing due to the increasing adoption of smart gas meter solutions. The market is driving due to the increasing numerous applications of IoT/M2M (Machine 2 Machine). Furthermore, the lower power consumption with low cost is driving the growth of the market. The growing demand for smart gas metering solutions in the various end-users that propels the market growth such as healthcare, logistics, consumer electronics, and agriculture. There are several wireless technologies that are used for remote gas metering such as natural gas in the smart gas meters that are used in water metering records.

Global LPWAN Market- Segmentation

By Technology

• Random Phase Multiple Access (RPMA)
• LoRa
• Weightless SIG
• GreenOFDM
• Ultra-Narrow Band
• Sigfox
• Others

By Application

·             Smart Home

• Monitoring and Security
• Smart Agriculture and Energy
• Smart City and Security
• Industrial IoT Deployment
• Other

By End-User

• Healthcare
• Transportation and Logistics
• Oil and Gas
• Consumer Electronics
• Agriculture
• Others

Global LPWAN Market– Segment by Region

North America          

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific
• Rest of the World

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