Adarsh Krishnan

The market disruptions due to Covid-19 pandemic will result in a 25% Year on Year (YoY) decrease in annual smart meter shipments in 2020. Consequently, smart meter YoY revenue will contract by 31% US$3.3 billion (€2.9 billion) to reach US$7.39 billion (€6.5 billion), finds global tech market advisory firm, ABI Research.

Sequans Communications S.A., has announced that Samea Innovation, provider of wireless products and design services, is using Sequans’ Monarch GM01Q module to provide the LTE connectivity for its new Sensoriis Smart Building Wireless Sensor.

Water and gas meter shipments will see double-digit revenue growth over the next five years. If this market forecast comes true it will be welcome news in a market where smart electricity shipments are contracting and greatly slowing growth of overall revenues across the entire metering segment.

Cellular and non-cellular LPWA network connections will grow globally at a 53% CAGR until 2023, driven by market growth in smart meters and asset trackers, according to a new report from ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.