The LoRa Alliance says that smart buildings have emerged as the fastest-growing vertical market for LoRaWAN deployments, based on information provided by members. Key applications driving a rapid return on investment (ROI) for building owners include energy and operational efficiency, environmental monitoring, and preventive maintenance. Legislation, such as France’s BACS decree, imposes a gradual reduction in energy consumption, which is also accelerating activity in this sector.
“The smart building market has truly taken off this year as major building management companies have realized substantial benefits on the back of LoRaWAN deployments,” said Alper Yegin, CEO of the LoRa Alliance. “Research from Transforma Insights shows that LPWAN technologies such as LoRaWAN will collectively grow from 439 million in 2024 to approaching 1.8 billion in 2034. LoRaWAN adoption has skyrocketed in the smart buildings sector because operators realize the benefits it offers alongside a strong ROI once solutions are implemented.”
Building management has historically relied on wired systems, but these are now being replaced with wireless technologies that offer faster, more flexible deployment. Among the available options, LoRaWAN stands out as the only wireless technology that can penetrate walls while maintaining low-power consumption. This unique combination is what makes LoRaWAN stand out within the smart building industry and what has accelerated adoption, enabling new levels of operational efficiency and connectivity in the smart building environment.
LoRaWAN networks easily co-exist with other wireless networks, as they are complementary to Wi-Fi, Bluetooth, 5G, and RFID, among other technologies, further enhancing their suitability for smart building applications. With the technology’s ability to integrate seamlessly into building management system standards like BACnet, KNX, Modbus, and similar environments, LoRaWAN enables a quick path to modernizing and upgrading older facilities while retaining the value of existing building management systems. Benefits are equally significant for new construction, with a wide range of certified sensors available to better manage building environments, energy use, utilization, and more.