On November 2, 2020, the 41st International Symposium and Exhibition on Electromagnetic Measurement Technology, Standards, and Products (hereinafter referred to as "Power Exhibition") was held in Dongguan, Guangdong province. During the two-day exhibition, experts and representatives from nearly 150 institutions and enterprises from the upstream and downstream industry chains showcased new achievements and applications in their respective fields, and jointly discussed new trends in the development of power IoT.
The year 2020 is an important node on the development route of mobile communications technology and also a representative and commemorative year for the entire IoT industry. 5G networks develop rapidly, and 2G/3G networks are in their final hours. With the update and iteration of communication technology, the global power IoT market raises diversified communication technology requirements.
Jiao Yanming, head of the power industry operations department of Neoway, said, "At present, the power IoT markets outside China are mainly based on 2G and 3G networks, and migration to 4G networks has been initiated in some regions. As people keep looking for the low-energy-efficiency and wide-coverage applications, and the NB-IoT and LTE Cat.M technologies become increasingly mature, the future global power markets will be dominated by NB-IoT and LTE Cat.M, while LTE Cat.1 will technically serve as a bridge between NB-IoT and LTE Cat.M. It is estimated that by 2025, NB-IoT, LTE Cat.M, and LTE Cat.1 will become the mainstream communication technologies. In the power IoT market in China, LTE Cat.1 and LTE Cat.4 are the main trends, and by 2025, the market will be dominated by LTE Cat.1 and 5G. Faced with the rapidly changing era, Neoway accurately grasps customer needs, quickly deploys, and provides the most suitable options for different regions to help customers achieve the goal of maximizing value."
As a pioneer in the field of power IoT wireless communication, Neoway has been growing together with the industry and continuing to lead the industry since the beginning of the intelligentization of China's power industry in 2009. Since 2010, Neoway has been ranking the first in terms of market share in the power IoT industry. In the 2G era, Neoway developed and launched the pure data communication module M590. In the 3G era, Neoway launched N51 in countries outsides China, and its market share took the lead in many countries and regions. In the 4G era, the Neoway innovative 4G 7-mode module N720 brings more value to customers' terminal products.
Today when the market is co-dominated by NB-IoT, 4G (including Cat.1), and 5G, Neoway still retains its leading advantage in the power IoT industry, leading the transition of wireless communication technology in the power industry.
Electric power is one of the most indispensable energy resources for people's production and life. Strict management must be implemented in power generation, transmission, distribution, consumption, and other aspects. As a key part of the IoT information transmission, Neoway's cellular modules will continue to provide stable, reliable, and efficient communication service to empower the intelligent upgrade of the power industry, and help the smart grid to implement reliable, efficient, and green operation.