Low Power Wide Area Network Market is expected to grow at a CAGR of 55.78% through 2030F
The
Global Low Power Wide Area Network Market is expected to be led by the
Industrial Manufacturing segment due to its rising adoption of connected and
automated solutions across large-scale operations, during the forecast period 2026-2030F
According to TechSci Research report, “Low Power Wide Area Network Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Low Power Wide Area Network Market was
valued at USD 16.73 Billion in 2024 and is expected to reach USD 239.12 Billion
by 2030 with a CAGR of 55.78% through 2030.
The
modernization of energy and utility grids through smart metering, remote
sensing, and network automation is another major driver for the Global Low
Power Wide Area Network Market. LPWAN enables utilities to deploy advanced
smart meters for electricity, gas, and water with minimal maintenance and deep
basement or rural area coverage. These devices support automatic billing,
outage detection, leak alerts, and remote switching. As of mid-2024, more than
100 million utility meters in North America and Europe integrated LPWAN
modules. These meters enabled real-time remote reading, automated billing, and
early leak or outage detection. Utilities reported improved grid reliability
and significant cost savings, highlighting LPWAN’s growing importance in modernizing
infrastructure while enhancing customer experience.
As regulators
push for carbon reduction and grid stability, smart grid data supports demand
response, load balancing, and renewable integration. LPWAN networks allow
utilities to retrofit aging infrastructure cost-effectively. The result is
better resource management, improved service reliability, and optimized
operational efficiency.
National
governments and municipalities are forming strategic partnerships with
telecommunications providers and technology vendors to build shared low power
wide area network infrastructures. These public-private collaborations aim to
create nationwide networks that can support smart city initiatives,
environmental monitoring, public safety systems, and connected transportation.
By leveraging existing telecommunications infrastructure and public funding,
countries are scaling low power wide area network coverage to reach even remote
or underserved areas. These networks offer foundational support for emerging
digital economies and citizen services that rely on pervasive connectivity.
This trend
signifies a shift from siloed, enterprise-specific low power wide area network
deployments to open-access platforms designed for multisector integration.
Governments are increasingly viewing low power wide area network technology as
critical infrastructure—much like roads and electricity—and are investing
accordingly. These partnerships also reduce the financial burden on individual
cities or agencies, encouraging broader innovation. Additionally, open low
power wide area network access creates opportunities for start-ups and
developers to build applications that address localized challenges, from waste
management to climate resilience. As more nations adopt digital transformation
agendas, public-private low power wide area network collaborations will serve
as blueprints for scalable, inclusive connectivity.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Low Power Wide Area Network Market"
In
2024, the Industrial Manufacturing segment emerged as the fastest-growing end
user segment within the Global Low Power Wide Area Network Market, driven by a
rising demand for real-time connectivity, predictive maintenance, and automated
process control. Manufacturers are increasingly leveraging low power wide area
network technologies to enable seamless communication between machines,
sensors, and enterprise systems across large and complex industrial
environments. The technology’s long-range communication capabilities, low
energy consumption, and cost-efficiency make it ideal for manufacturing use
cases such as equipment monitoring, asset tracking, and environmental control,
especially in areas where traditional network infrastructure is limited or expensive
to deploy.
The
shift toward Industry 4.0 and smart manufacturing practices has prompted
manufacturers to embrace digitalization and adopt advanced wireless
communication systems like low power wide area networks. These networks provide
scalable connectivity to thousands of industrial devices, enabling more
efficient resource utilization, improved safety, and minimized downtime. The
growing emphasis on operational efficiency, sustainability, and remote
monitoring has made low power wide area network an essential component of
modern manufacturing strategies. With continuous investments in industrial
automation and expansion of connected factory ecosystems, the Industrial
Manufacturing segment is expected to sustain its growth momentum and remain a
vital contributor to the market’s future development.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Low Power Wide Area Network Market due to rapid digital transformation,
large-scale urbanization, and increased government investments in smart city
initiatives. Countries such as China, India, Japan, and South Korea are
deploying low power wide area network technologies to support a wide range of
applications, including smart agriculture, intelligent transportation, and
environmental monitoring. The rising adoption of Internet of Things devices and
the region’s emphasis on cost-effective connectivity solutions across rural and
urban areas have further accelerated growth. Strategic collaborations and
growing telecom infrastructure are also propelling the region’s market expansion.
Key
market players in the Low Power Wide Area Network Market are:
-
- Semtech
Corporation
- Cisco
Systems, Inc.
- Huawei
Technologies Co., Ltd.
- Nokia
Corporation
- Telefonaktiebolaget
LM Ericsson
- Orange
S.A.
- AT&T
Inc.
- Vodafone
Group Plc
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“The
Global Low Power Wide Area Network Market is poised for substantial growth in
the coming years, driven by increasing demand for long-range, low-power
communication in sectors such as smart cities, agriculture, logistics, and
industrial automation. Advancements in Internet of Things technology and the
expansion of smart infrastructure projects globally will accelerate adoption.
The rising need for cost-effective, energy-efficient connectivity across vast
geographical areas supports continued market expansion. Emerging economies are
embracing low power wide area network deployments for smart metering,
environmental monitoring, and asset tracking, indicating strong potential for
future scalability, technological innovation, and collaborative ecosystem
development across the market.” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Low Power Wide Area
Network Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, By Technology (LoRaWAN, NB-IoT, SIGFOX, Others), By Application
(Smart Building, Smart Gas and Water Monitoring, Smart Waste Management, Smart
Agriculture, Smart Parking, Others), By End User (Healthcare, Oil and Gas,
Industrial Manufacturing, Agriculture, Consumer Electronics, Transportation and
Logistics, Others), By Region, By Competition, 2020-2030F” has evaluated the future growth
potential of Low Power Wide Area Network Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Low Power Wide Area Network Market.
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