Smart Metering Applications Driving The Expansion Of The Low Power Wide Area Network (LPWAN) Market Emerges as a Core Driver of the Low Power Wide Area Network (LPWAN) Market in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Is the Expected CAGR for the Low Power Wide Area Network (LPWAN) Market Through 2025?
The market size of the low power wide area network (LPWAN) has witnessed remarkable expansion in the past few years. The market, valued at $16.24 billion in 2024, is projected to rise to $24.93 billion in 2025, showcasing a compound annual growth rate (CAGR) of 53.5%. Factors catalyzing this historical growth can be traced back to its application in tracking and conserving wildlife, the emergence of Industry 4.0 initiatives, the rising usage of LPWAN-based security systems, the increased growth of LPWAN-based asset surveillance, and its utility in monitoring air quality.

What's the Projected Size of the Global Low Power Wide Area Network (LPWAN) Market by 2029?
Expectations are that the market size of the low power wide area network (LPWAN) will experience a substantial spike in the forthcoming years, reaching a value of $139.72 billion in 2029 with a compound annual growth rate (CAGR) of 53.9%. The upward trajectory during the forecast period can be tied to a surge in IoT connectivity requirements, the need for long-distance, low-energy connectivity, permeation into intelligent agricultural practices, an increased embrace of smart city initiatives, as well as the advancement of smart metering applications. Key trends anticipated during this period would entail strategic partnerships, growth of IoT applications specific to agricultural practices, fusion of LPWAN with edge computing, broadening into fleet administration solutions, coupled with integration into sustainable energy systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/low-power-wide-area-network-lpwan-global-market-report

Top Growth Drivers in the Low Power Wide Area Network (LPWAN) Industry: What's Accelerating the Market?
The escalating use of smart metering applications is predicted to stimulate the expansion of the low power wide area network (LPWAN) market in the future. The mentioned applications involve utilization of cutting-edge metering technology, frequently combined with IoT connectivity and data analytics, to supervise and control energy utilization in real-time, ultimately boosting energy usage and efficiency. The surge in these applications can be attributed to the rising need for real-time supervision and optimization of energy consumption, influenced by the aspiration for efficiency, cost savings, and sustainability in diverse industries and residential domains. The low power wide area network (LPWAN) delivers efficient and long-range connectivity for smart meters, enhancing communication and prolonging battery life in smart metering applications. For example, the Department for Business, Energy, and Industrial Strategy (BEIS), a government department in the UK, reported in November 2022 that large suppliers had set up 836800 domestic and 44900 non-domestic smart meters in the third quarter of 2022, which is an increase of 21900 and 16400 respectively compared to the second quarter of the same year. Consequently, the escalating use of smart metering applications is fostering the expansion of the low power wide area network (LPWAN) market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16470&type=smp

What Trends Will Shape the Low Power Wide Area Network (LPWAN) Market Through 2029 and Beyond?
In the low-power wide area network (LPWAN) market, leading companies are working to create innovative products like the next-generation LPWAN modules in an effort to establish an edge over competitors. These cutting-edge wireless communication gadgets offer enhanced energy efficiency, connectivity, and performance suitable for the Internet of Things (IoT) and smart applications. An example of this development is Telit Cinterion, an American IoT solutions company that rolled out a 5G LPWA module portfolio powered by Sony's Altair ALT1350 chipset in February 2023. This novel module range boasts speedy data transmission, minimal power usage, and a small footprint, making them appropriate for a variety of applications. Designed specifically for the 5G LPWA massive IoT sector, these modules offer highly reduced power usage, a built-in AI engine for on-the-spot processing, indoor and outdoor positioning technologies, and a sensor center for data compilation.

What Are the Main Segments in the Low Power Wide Area Network (LPWAN) Market?
The low power wide area network (LPWAN) market covered in this report is segmented -

1) By Technology: Long Range Wide Area Network (Lorawan), Narrowband Internet of Things (Nb-IoT), Sigfox, Other Technologies
2) By Deployment Model: On-Premise, Cloud
3) By Application: Smart Building, Smart Gas And Water Monitoring, Smart Waste Management, Smart Agriculture, Smart Parking, Other Applications
4) By End User: Healthcare, Oil And Gas, Industrial Manufacturing, Agriculture, Consumer Electronics, Transportation And Logistics, Other End Users

Subsegments:
1) By Long Range Wide Area Network (LoRaWAN): Private LoRaWAN Networks, Public LoRaWAN Networks
2) By Narrowband Internet Of Things (NB-IoT): Standalone NB-IoT, Integrated NB-IoT
3) By Sigfox: Sigfox Network Operator Services, Sigfox IoT Connectivity Solutions
4) By Other Technologies: Weightless, DASH7, Ingenu RPMA, LoRa (LPWAN) Variants

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16470&type=smp

Which Top Companies are Driving Growth in the Low Power Wide Area Network (LPWAN) Market?
Major companies operating in the low power wide area network (LPWAN) market are Amazon Web Services Inc., Google LLC, Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Nokia Corporation, Ericsson AB, Alibaba Cloud, Semtech Corporation, Inogen Inc., Nwwave Technologies, MultiTech Systems Inc., Sig Sauer Inc., Moeco, Kerlink SA, Link Labs Inc., LoRa Alliance, Senet Inc., Astrocast SA

Which Regions Will Dominate the Low Power Wide Area Network (LPWAN) Market Through 2029?
North America was the largest region in the low power wide area network (LPWAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low power wide area network (LPWAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.