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IoT and LPWA are 'changing the game' for water and gas utility networks, says Navigant

August 22, 2019 / By IoT News

The latest report from Navigant Research has argued the market for communications nodes and associated infrastructure for water and gas utility networks is estimated to go above £1.97 billion in 2019 and is expected to reach £2.22bn in 2024.The report also found that post 2024, the rising market share among LPWA solutions is expected to cause communications infrastructure revenue to decrease, even as equipment and node shipments continue to increase globally.Richelle Elberg, principal research analyst at Navigant Research, said: “IoT and LPWA technologies are changing the game with newer networking protocols, such as Long Range (LoRa) and narrowband IoT (NB-IoT), expected to cut the cost of a utility’s smart water or gas network drastically compared with legacy solutions.”