With IoT increasingly becoming part of the everyday environment, smart meters are on track to serve a majority of the world’s metered customers by 2028, with leading regions already about 60% penetration. Smart meters — including water, gas, and electricity meters — are becoming the industry standard, offering better management of energy networks, improved forecasting and customer service, and more efficient energy usage for consumers. The global market is already worth over 30 billion dollars and continues to grow rapidly.
Market growth is driven primarily by utility companies seeking to improve operational efficiencies in billing, labor savings on meter reading, and customer experience. Precise real-time knowledge and control over supply points enables utilities to minimize power outage time and provide a higher-quality, more personalized service to consumers. Regulation also supports market growth, with many governments mandating smart meter deployment.
Cellular IoT (LTE-M and NB-IoT) is an ideal solution for smart meter connectivity due to its lower total cost of ownership, high efficiency, best-in-class security, guaranteed service over time, ubiquitous coverage, global reach, long-term viability, and the backing of mobile network operators.
This future-proof standardized technology offers plug-and-play simplicity, security, and straightforward rollout. LTE-M and NB-IoT connectivity enables large-scale deployments of smart meters while reusing existing communication infrastructure, reducing the initial investment for utilities and easing infrastructure maintenance over time. Altair addresses this market with low-power, highly integrated LTE-M and NB-IoT solutions for smart water, gas, and electricity meters.
With low power consumption, extended battery life, reliability, an easy out-of-the-box experience, and the cost efficiency essential to smart metering, Altair cellular IoT chips provide everything you need to bring your grid into the future.
Smart meters present significant opportunities. By providing proven and future-ready cellular IoT solutions, we enable our customers to capitalize on this growth opportunity and realize the full potential of smart grid transformation.
Connect with us to start building your smart metering solution.