Owing to the rising deployment of LPWA technologies, including LTE-M, NB-IoT, and LoRa, low power wide area network (LPWAN) market share is witnessing an increased traction in the recent years. Interestingly, LPWAN networks have emerged as popular choice among enterprises to support various IoT use cases and solutions for business sectors such as agriculture, manufacturing, logistics, and healthcare, among others. Enumerated below are three major factors that are shaping the growth prospects of LPWAN market.
Europe Low Power Wide Area Network (LPWAN) Market Share, By Platform, 2018
Increasing investment by telecom operators in laying NB-IoT and LoRaWAN networks across various cities is benefiting the overall LPWAN industry size
- In 2018, the British telecom operator Vodafone announced NB-IoT network expansions in Spain and Germany, with ambitious plans to double the size of its NB-IoT footprint in Europe by the end of this year.
The NB-IoT network of Vodafone was deployed across Madrid and Valencia in 2017 in a number of verticals such as retail, electricity, agriculture, waste management, and smart city services. This technology has now been expanded to all localities in the cities of Seville, Malaga, Bilbao, and Barcelona, covering a population of about 25,000.
- In 2016, South Korea’s national telecommunications operator SK Telecom joined hands with semiconductors manufacturer Semtech Corporation to roll out LPWAN network across the nation. Additionally, the operator had also declared that it plans to provide 100,000 LoRa devices free of cost to its customers as part of its ‘Partner Hub Program’.
This program has apparently played a vital role in scaling the development and deployment of LoRa devices (based on IoT solutions) and has been of immense significance for expanding the South Korea LPWAN industry size.
- Digital Catapult, the UK’s foremost agency for adoption of digital technologies, announced in 2016 that it is working closely with British telecom firm BT and a few educational institutes to boost the IoT network in London. To that effect, the company launched Digital Catapult Things Connected which will provide about 50 LoRaWAN base stations situated across London – an effort to establish the UK’s largest IoT LoRaWAN network.
Needless to mention, this network and support program will provide an opportunity to digital start-ups and small and medium-scale enterprises to use IoT and drive innovation across London.
Apart from massive expansion programs and large-scale investment, the use of licensed spectrum enables the telecom operators to provide customers with the same levels of security as its LTE network. This makes it immune to disruptive and alternative technologies, essentially opening up numerous business opportunities for LPWAN market players.
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The rise in industrial IoT connections is favoring the growth prospects of LPWAN industry
Besides the rising volume of investment by telecom operators, the increasing prominence of industrial IoT market in various business verticals – especially the manufacturing sector – has invariably led to an escalation in the demand for LPWA technologies. This momentum is expected to remain consistent in the upcoming years as the industrial IoT connections are slated to increase by about five times by 2025.
In fact, the German wing of PwC released its findings last year of what the firm expects of the impact to be created by industrial IoT in the German manufacturing sector. Apparently, these findings note that about 90 percent of the respondents are investing in digital factories and a lot of these companies expect a 12 percent efficiency gains over the next five years owing to industrial IoT. Unsurprisingly, these statistics present an optimistic picture of the adoption of industrial IoT solutions, which will consequentially assist the regional LPWAN industry in reaching out to a new base of customers in the times to come.
The advent of 5G technology and its impact on LPWAN market share
One of the major factors fueling the commercialization prospects of LPWAN industry is the steady increase in the volume of investment pertaining to 5G technology. In this context, it is important to take note of the fact that the mobile IoT technologies, such as LTE-M and NB-IoT, offer a cost-effective wide area coverage while ensuring the success of 5G network deployment.
The 5G technology would enable major telecom firms across the globe to provide high connectivity to support numerous IoT use cases. Taking this factor into account, various telecom firms including Orange, Vodafone, and Airtel are deploying licensed cellular LPWAN as a prominent component of their 5G development strategies.
In a nutshell, the increasing volume of investment by telecom firms in expanding the NB-IoT and LoRaWAN networks, the advent of 5G technology and its development, and the rise in industrial IoT connections has been fueling LPWAN market share. As per a research report by Global Market Insights, Inc., LPWAN industry size is slated to exceed USD 65 billion by 2025.
Author Name : Saif Ali Bepari
The product helps in eliminating and filtering fine contaminants and particles. Stringent health and safety guidelines to ensure employee safety would further promote the market demand of pleated filters.
According to research report by Global Market Insights, Inc., global Pleated Filters Market is estimated to surpass $19 billion by 2026.
Oil based filters are mostly used to protect engine from contaminants such as sand, metal bits, and carbon, by suspending them. It plays a key role in preventing early wear in the engine. The oil filter cleanses the oil since it passes through the filtering media or filter element.
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Furthermore, the product also protects oils from dirt and solid particles which includes carbon deposits, dust, soot particles, and abraded metal. Rising product demand for maintaining the efficiency of engine will further have a positive influence on market growth.
The market from commercial application segment is anticipated to witness growth of over 6% by 2026 owing to increasing number of supermarkets and retail stores. The product is installed in office buildings and commercial spaces to reduce indoor pollutants.
Moreover, it helps filter possible allergens that may affect human immune system. Increasing construction of office buildings and commercial spaces owing to growing consumer demand as well as employment opportunities would further stimulate the market growth of pleated filters.
As per market analysis, manufacturers are involved in strategic expansion initiatives which includes partnerships, research and development activities, and acquisitions so as to improve their market share as well as compete with other prominent players.
Citing an example, Camfil and Salvador Escoda, back in June 2018, signed a deal to offer quality Camfil products from industrial air cleaners, filter segment, and segment of air pollution control through supply stores. Salvador Escoda is a Spanish based distribution company. This will in turn help the firm to grow its regional presence. The above factors would thereby have a positive influence on market growth.
From a regional frame of reference, the market of pleated filters in North America is projected to foresee growth of nearly 4.0% by 2026. Strict norms and regulations issued by numerous organizations which includes EPA concerning the emission of pollutants as well as hazardous substances will increase the demand for pollution controlling equipment thereby fueling the market growth.
The competitive landscape of pleated filters market includes companies like Denso Corporation, Spectrum Filtration Pvt. Ltd, Absolent Group, Filtration Group, Donaldson Company, Camfil, Koch Filter, Honeywell, and Clarcor, Inc among others.
Author Name : Nandita Bhardwaj