The global market for low power wide area (LPWA) communications nodes is expected to grow nearly sevenfold, reaching almost $500 million in 2028, according to a new report issued by Navigant Research.
According to the report:
- LPWA networking protocols are changing the game for utilities worldwide thanks to their relatively low costs and long battery life.
- Solutions that leverage LPWA are expected to accelerate the adoption of smart metering and other distribution network applications by all types and sizes of electric, water, and gas utilities.
- Despite the growing use across power utilities, water utilities are expected to make the widest use of LPWA solutions by 2028, followed by gas. The increase in the adoption by water utilities is owing to better water conservation and reduced network losses whilst in the gas sector the market will be driven by safety concerns and regulatory mandates.
- Extensive new gas networks are being built in the Asia Pacific and are expected to be built with smart meters and monitoring from day one.
Richelle Elberg, a principal research analyst with Navigant Research, said: “In developed markets, the use of LPWA solutions by electric utilities will often apply to high device volume applications such as asset monitoring.
“In emerging markets, LPWA is anticipated to be used for metering combined with other grid applications, and may speed up networking investments due to the lower cost.”
Click here for more information about the report.