Europe LPWAN Market size crossed USD 600 million in 2020 and is projected to observe around 60% growth rate between 2021 and 2027. The growing adoption of wireless technologies is fueling the regional market growth.
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Favorable initiatives toward expanding LPWAN coverage across countries such as the UK, Germany, France, and Italy will boost the market demand. The prominent companies are extensively working on deploying LPWAN solutions across regions. For instance, in December 2021, Cellnex UK partnered with Everynet to roll out IoT networks in the UK. The network is based on LoRaWAN technology, which is implemented in Cellnex UK’s extensive telecommunication network. This partnership opened new & exciting opportunities for cities across the UK.
Europe Market, By Component
The LoRaWAN technology segment will expand at 45% CAGR during the forecast period, due to the increasing demand for wireless communication networks. LoRaWAN is a non-cellular LPWAN wireless communication network that operates in extreme environments & license-free spectrums and consumes low power. For instance, in August 2021, Netmore rolled out LoRaWAN IoT network in the UK. Through this expansion, both local and government companies have developed cost-effective, robust, and reliable IoT connectivity. The technology is specially designed to connect millions of devices in a wide range of differing industries.
Europe Market, By Deployment Model
The on-premise model segment dominated over 55% market share in 2020, owing to the growing need to manage IoT applications locally. The on-premise model helps business organizations to effectively monitor networks in real-time and achieve a high degree of security.
Some of the companies operating in the market offer on-premise LPWAN kits, enabling customers to successfully deploy reliable & faster communication among devices. It offers various advanced features such as ease of deployment, data/ network security, critical low latency edge, and interfacing with existing on-premise solutions.
Europe Market, By Application
The smart gas & water metering application segment will grow at a CAGR of 55% through 2027, attributed to the growing need to monitor water-related issues such as leakages. It provides secure communications with excellent range and helps users in monitoring usage without the need for site visits. Gas meters transmit readings to gateways by using LPWAN and displaying the output in cloud web-based interfaces. LPWAN solutions aid companies to understand how water networks perform and address issues related to water leakages, quality, and pressure.
Europe Market, By Country
Germany LPWAN market is expected to generate a revenue of over USD 3 billion by 2027, credited to the evolution of Industry 4.0. German government & manufacturing companies are taking efforts to maintain industrial predominance by replacing traditional approaches with LPWAN technological implementations.
The German government, as part of its High-Tech Strategy 2020 plan, is accelerating the adoption of IoT in manufacturing under the industry 4.0 revolution. The major players operating in country are developing advanced LPWAN solutions. For instance, in March 2020, Kerlink collaborated with ZENNER to deploy LoRaWAN across Germany. This collaboration helped both the companies deploy LoRaWAN across Germany including approximately 3,000 Kerlink Wirnet LoRaWAN gateways.
Europe Market, By End-use
The government and public-sector held more than 20% market share in 2020, on account of growing need for highly secure & reliable networks. LPWAN technologies help government & public sector organizations to achieve greater network visibility and provide wide coverage for deploying mission-crucial applications. Various favorable government initiatives for the development of smart cities are providing significant market growth opportunities.
Competitive Industry Landscape
Prominent participants operating across the Europe LPWAN market include Actility, AT&T Inc, Avnet, Inc., Cisco Systems, CONNIT SAS, Kerlink, LORIOT AG, Orange Business Services, Qualcomm Technologies, Inc, Semtech Corporation, Sigfox, and Sierra Wireless, Inc.