Japanese tech company Renesas Electronics has introduced a Narrowband Internet of Things (NB-IoT) chipset specifically for the Indian smart metering market.
The company’s new RH1NS200 is an LTE NB-IoT modem chipset that is designed to operate seamlessly on the networks of all major Indian telecommunications carriers.
The company is calling it an ideal solution to serve the Indian smart metering market, which some estimates put at roughly 250 million units over the next five years. The chipset aims to enable customers to build complete NB-IoT modules and satisfy “Make in India” requirements.
The new chipset also can be used in asset tracking, lighting, security and numerous other applications, states Renesas.
Sailesh Chittipeddi, Renesas’ executive vice president and general manager of their infrastructure business unit, commented on the chipset being designed specifically with the Indian market in mind: “Renesas recognies India’s enormous potential in terms of both market size and design talent and we are committed to taking part in future growth driven by the Digital India Act.
“This leading-edge NB-IoT solution is a prime example of tailoring our design and manufacturing strengths to meet the unique needs of this market.”
According to Sony, cellular IoT (both LTE-M and NB-IoT) present an ideal solution for smart meter connectivity due to its lower TCO (Total Cost of Ownership), high-efficiency and global reach, among others.
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Renesas cites the RH1NS200 chipset’s offerings, which include 1uA power consumption in deep sleep mode and an integrated EAL5+ (Evaluation Assurance Level) Secure Element (SE), aiming to ensure the safety of end applications, particularly power and water metering systems.
According to ResearchAndMarkets, the global NB-IoT chipset market size is expected to reach $7.7 billion by 2028 with a 51.6% CAGR during their 2022 to 2028 forecast period.
Additional research from Persistence Market Research shows that, although the US and European regions are dominant in the market, from 2023 to 2033, the tech’s Indian market will grow by approximately 23%.