Semtech Corporation, announced its demonstration leveraging LoRa® devices and technology at European Utility Week (EUW) 2018 in booth B.b70, Vienna, Austria.
Vivek Mohan, Director of IoT in Semtech’s Wireless and Sensing Products Group, said:
“Current estimates suggest the global smart water meter market will surpass $2B in 2020. LoRa Technology is a proven leader for smart meter applications, delivering solutions that are easy to scale, optimizing operational cost and reducing utility waste.”
Tens of millions of LoRa-based smart meter solutions were deployed in 2018* and, with constant urbanization as well as demand for greater efficiency, utility companies need to augment capacity while developing new solutions to optimize management of their existing assets. Currently, there are hundreds of companies worldwide leveraging Semtech’s LoRa Technology in a smart metering or utility management solution. These include IOTLABS, a Spanish IoT company specializing in LoRa-based solutions, and CRA, a leading provider of LoRa-based IoT solutions for smart cities and farms, to utilities and logistics.