Technology industry

Global Wi-SUN technology industry expected to reach $5.9 billion by 2027

DUBLIN, March 24, 2022–(BUSINESS WIRE)–The “Global Wi-SUN Technology Market By Component (Hardware, Software and Services), By Application (Smart Meters, Smart Buildings, Smart Street Lights and Others), By Regional Outlook, Industry Analysis Report and Forecast, 2021 -2027″ report has been added to from ResearchAndMarkets.com offer.

The global Wi-SUN technology market size is expected to reach USD 5,950.2 million by 2027, growing at a market growth rate of 21.7% CAGR during the forecast period.

Wi-SUN technology, which is short for Wireless Smart Utility Network, refers to a kind of wireless communication standard, which enables effortless connectivity between smart grid devices. This Wi-Sun technology is based on numerous IEEE, IETF, and ANSI/TIA standards that support low-power and low-loss networks.

Wi-SUN also provides mesh Field Area Networks (FANs) to provide secure, resilient and cost-effective connectivity with ubiquitous coverage in a variety of topographical environments, from densely populated urban to rural areas, with minimal additional infrastructure . For example, Oklahoma Gas & Electric, a utility company uses Wi-SUN technology for a network of approx. 250,000 street lights, meanwhile, cities like Copenhagen, Glasgow, Bristol, Halifax, London and Paris have also integrated the network into various smart street light projects to expand their smart city infrastructure.

This standard helps strengthen large-scale outdoor IoT networks such as wireless mesh networks for advanced metering infrastructure (AMI), distribution automation, home energy management and certain other network applications large-scale exterior such as HAN (Home Area Networks) and FAN (Field Networks).

Several technological advancements in hardware products such as wireless modules, routers, HEMS sensors and controllers and software solutions such as sensor software and gateway software are expected to contribute to the growing popularity of WI-SUN technology. in the world.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic is having a significant impact on the Wi-SUN technology market owing to the adoption of Wi-SUN technology solutions across different business domain industries. With the changing lifestyle of the consumer and various disruptions in economic growth, the popularity of smart cities has also increased globally. Therefore, the pandemic has greatly increased the demand for Wi-SUN technology across the world.

Investment by governments and municipalities in smart city initiatives is gradually increasing around the world, which is expected to drive the growth of Wi-SUN technology in the post-COVID era. Additionally, the adoption and penetration of Wi-SUN technology among businesses and authorities has witnessed an increase across the world during the COVID-19 pandemic.

Market Growth Factors:

Increase in the number of smart cities

Wi-SUN technology is expected to become a feasible solution for enterprises due to consortia formed with the help of many key technology vendors. The increasing development of smart cities and smart infrastructure to eliminate communication costs with earlier standards such as LPWA is expected to contribute to the high demand for Wi-SUN technology in the coming years.

Growing use of smart and connected devices

There is an increase in the usage of various smart and connected devices like thermostats, smart meters, and other types of smart home appliances across the globe, which is expected to support the growth of the Wi-Fi technology market. SUN. Furthermore, a growing trend towards sustainable lifestyle among consumers is expected to create increased demand for sustainable technologies due to emergence of IoT applications and high adoption.

Market Restraint Factor:

Availability of cost-effective 5G and 4G IoT connectivity for smart meters

To integrate and connect smart meters, several utility companies are moving from mesh technology like Wi-SUN with distributed hotspots to 4G and 5G cellular, which is expected to limit the demand and market growth of Wi technology. -SUN during the forecast period. Also, the high efficiency and low cost of implementing advanced cellular 4G and 5G technology in smart meters is expected to drive companies to deploy them instead of Wi-SUN technology.

Market Segments Covered in the Report:

By component

By request

  • Smart meters

  • Smart buildings

  • Smart Street Lights

  • Others

By geography

  • North America

  • we

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • UK

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Main market players

  • Cisco Systems, Inc.

  • Texas Instruments, Inc.

  • Toshiba Company

  • Analog Devices, Inc.

  • Renesas Electronics Corporation

  • Murata Manufacturing Co.,Ltd.

  • Itron, Inc.

  • Landis+Gyr Group AG

  • Rohm Semiconductors Co., Ltd.

  • Trilliant Holdings, Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/2nm2io

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220324005859/en/

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