The market for smart utility meters is growing at a rapid pace. A recent report by ABI Research predicts there will be an installed base of 1.34 billion meters by 2023*. IHS Markit forecasts almost 50 million smart water meters will ship globally in 2023, a number which is roughly four times its size in 2017. Year over year, the number of new meter shipments for water, gas, heat and electricity is increasing at a rate of four to five percent according to IHS. Globally, the proportion of smart meters will soon exceed half of all meters shipped annually. The largest utility adopters of Internet of Things (IoT) technology for smart metering devices are electricity (64 percent), followed by gas (38 percent) and then water (26 percent). Behind these strong growth numbers, the adoption of smarter technologies for metering is predicted to continue for the foreseeable future.
The Czech Republic in Central Europe has 10.6 million inhabitants over an area of 78,866 square kilometers (30,450 sq. miles). Since the 1970s, Czech Radiocommunications (CRA), based in Prague, has been the sole provider of broadcasting television and radio to citizens nationwide.
In Paris this November, Semtech will be again exhibiting at European Utility Week, the world’s foremost annual smart utilities and metering conference. Last year in Vienna, the conference drew more than 12,000 visitors and this year’s attendance is expected to increase by half. We will be among the over 800 exhibiting companies at the Paris event, and will be showcasing Semtech’s LoRa® devices and the LoRaWAN® protocol for innovative utility metering applications. This blog is part one of a three-part series on the benefits of LoRa for utilities leading up to the event.