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MILAN, Oct. 22, 2024 /PRNewswire/ -- Fibocom (Stock code: 300638), a global leading provider of IoT (Internet of Things) wireless solutions and wireless communication modules, showcased its advanced 5G/4G/Cat 1bis/Cat M modules at Enlit Europe 2024, the key event for utility sectors. These module solutions are specifically designed to support smart energy applications such as smart metering, grid modernization, and energy efficiency management.
Smart Energy Focus: Driving Innovation in Smart Metering
With the growing integration of renewable energy, technological advancements, and the global shift towards sustainability, the global smart energy market is expected to expand significantly in the coming years. According to Research and Markets, the smart energy market is projected to exceed $300 billion by 2029, with a compound annual growth rate (CAGR) of 10.54% from 2024 to 2029. This growth is primarily driven by the expansion of smart grids and advanced metering infrastructure (AMI) to meet global energy efficiency goals.
Fibocom's portfolio of wireless modules is designed to optimize smart meter deployments by providing robust, efficient, and scalable communication technologies. For instance, Fibocom's MA510 supports LTE Cat M1/Cat NB2/EGPRS with ultra-low power consumption, making it ideal for IoT applications with limited power supply, such as smart meters, parking systems, and asset tracking. The Cat 1 bis with GSM fallback module MC610 covers major global carrier bands and offers versatile interfaces, making it compatible with various IoT applications. The compatibility between Fibocom's MC665, MA510, and MC610 modules allows customers to switch seamlessly with minimal costs, enhancing operational flexibility for smart energy deployments.
These solutions not only comply with the latest industry standards but also provide scalability, and adaptability to different network environments. With these features, Fibocom's modules empower energy providers to deliver advanced services such as predictive maintenance, automated billing, and optimized grid management—contributing to a smarter, greener energy future.
Evolving Connectivity for an Intelligent Future
As the smart energy market evolves, wireless connectivity solutions offering strong signal penetration, low power consumption, and real-time data analytics are critical to enabling a more intelligent and sustainable energy ecosystem.
According to Allied Market Research, the implementation of smart meters in the Europe is expected to save over $20 billion annually by reducing energy waste and improving demand response capabilities. Fibocom's LTE Cat 1 bis modules provide reliable coverage in both urban and rural areas, ensuring strong connectivity even in challenging environments like basements or remote locations. Additionally, these modules feature a battery life of up to 10 years, reducing maintenance and replacement costs by 30%, making them ideal for areas where frequent battery changes are impractical.
Moreover, Fibocom's modules support real-time data transmission, enabling utilities to monitor energy consumption, detect anomalies, and optimize distribution more efficiently. This real-time approach facilitates predictive maintenance, reducing unexpected outages and improving overall service reliability.
Fibocom remains committed to driving innovation in the IoT and energy sectors, ensuring its wireless technologies continue to shape a sustainable, intelligent, and connected energy future.
The event continues in Milan, and Fibocom invites all attendees to visit booth #5.J52 in Hall 5 to explore our solutions further!
About Fibocom
Fibocom is a global leading provider of wireless communication modules and solutions as well as the first wireless communication module provider listed on China A-shares stock market (stock code: 300638). Fibocom offers a one-stop solution for industry customers by integrating wireless communication modules and IoT solutions. With over two decades of engagement in M2M and IoT communication technology and extensive expertise, we are capable of bringing reliable, convenient, secure and intelligent connectivity service to every industry, enriching smart life with a perfect wireless experience. Fibocom's product portfolio ranges from cellular modules (5G/4G/3G/2G/LPWA), automotive-grade modules, AI modules, android-smart modules, GNSS modules and antenna service. Together, we aim to empower digital transformation across industries such as ACPC (Always Connected PC), mobile broadband, smart retail, C-V2X, robotics, smart energy, IIoT, smart cities, smart agriculture, smart home, telemedicine, etc.
Find out the latest news at www.fibocom.com, and follow us on LinkedIn /X /Facebook /Youtube.
Media Contact: pr@fibocom.com
