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Global WI-SUN Technology Market - Forecast till 2025
Market
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.
Segmental Analysis
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.
Regional Analysis
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.
Major Players
According to the 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).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market
Snapshot
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.
Segmental Analysis
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.
Regional Analysis
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.
Major Players
According to the 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).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
