Global WI-SUN Technology Market - Forecast till 2025
The Global WI-SUN Technology Market is accounted to witness a rapid expansion of CAGR of 29.1% during the projected period. The WI-SUN is an abbreviation for Wireless Smart Ubiquitous Network (Wi-SUN). It is a coming up technology advancements in wireless communication, based on the various IEEE, IETF, and ANSI/TIA standard intended to benefit the utilities, smart cities, and IoT applications. The WI-SUN exhibits many beneficial qualities such as high bandwidth, power efficiency, security, scalability; they can be installed on battery operated as well as powered devices. The network supports low power and star and mesh methods of deployments.
The advancements of the global WI-SUN Technology market are propelled due to the rising adoption of connected devices and smart technologies, obligation towards energy usage, increased per capita expenditure and growing demand for improved customer services. Additionally, the rising issue of cybersecurity and lack of network connectivity can hinder the growth of the Wi-sun Technology market.
The global market of the Wi-SUN Technology Market is dominated by North America followed by the Asia Pacific. The Asia Pacific region is coming up with tremendous revenue growth opportunities.
The Global Wi-SUN Technology Market has been categorized based on Component, Application, end-use, and Region.
Based on the component segment, the market has been subdivided into hardware products, software solutions, and services. Hardware products that facilitate Wi-SUN technology are further segregated into sensors, routers, wireless modules, HEMS controllers, and others. Software solutions are again categorized into cloud and on premise-based solution whereas the services category includes training and implementation services, system integration service, and maintenance and other support services. The Wi-SUN technology networks are categorized by the end-use segment as smart cities, utilities, agriculture, and healthcare.
By application, the market has been divided into smart meters, smart street lightings, smart building and industrial applications, and others.
The regional analysis of the global WI-SUN Technology market the market has been divided into North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America
North America is leading the Wi-SUN technology market due to the largest market contribution and existence of major market players in the region. However, the second-largest market was led by the Asia Pacific in 2018, with a market value of USD 362.51 Million. The region is accounted to witness an incredible market expansion of a CAGR of 29.1% owing to rapid urbanization and emerging developments in device manufacturing and network service providers.
According to the MRFR study, the growth of the Global Wi-SUN Technology Market is dependent on a range of market conditions. The prominent players in the market are Cisco Systems, Inc. (the US), TOSHIBA Corp. (Japan), Renesas Electronics Corp. (Japan), OMRON Corporation (Japan), Itron (US), Landis+Gyr (Switzerland), Trilliant (US), Rohm Semiconductor (Japan), Analog Devices (England), Murata Manufacturing Co., Ltd (Japan), Fuji Electric Co., Ltd (Japan), and OSAKI (Japan).
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