Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Wireless Smart Utility Network (Wi-SUN) technology. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Wireless Smart Utility Network (Wi-SUN) technology study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Wireless Smart Utility Network (Wi-SUN) technology.
The global Wi-SUN technology market value was $1,456.54 million in 2020. The global Wi-SUN technology market is forecast to grow at a compound annual growth rate (CAGR) of 21.4% during the forecast period from 2021-2027.
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The Wireless Smart Utility Network (Wi-SUN) technology enables seamless connectivity among smart-grid devices using a wireless communication standard. IoT networks of this kind enable applications such as Advanced Metering Infrastructure (AMI) for home energy monitoring, the automation of distribution systems, and other large-scale outdoor networks, including FAN (Field Area Network) and HAN (Home Area Network).
One of the advantages of this technology is that it uses extremely little power compared to other wireless communication options, like WLANs.
Also, Wi-SUN provides certification for the Enhanced Home Area Network (HAN) communications profile, which supports communication between Home Energy Management Systems and any HAN device and is interoperable and scalable.
Factors Affecting the Market
A number of factors are driving the market for Wi-SUN, including the increase in smart and connected devices and the development of smart cities and smart infrastructure. The market’s growth has also had its roots in demand for improved customer experiences across multiple industry verticals.
Government initiatives and growing awareness of the benefits of Wi-SUN technology are fueling the demand for products and services that incorporate the technology.
An influx of cyber security issues and a lack of funding and investment for smart city projects could stymie market growth.
The availability of technological advancements in hardware products is forecast to boost the market’s growth over the forecast period.
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Covid-19 Impact on the Market
Pre-COVID-19 estimates of the forecast period are higher than the current estimates. The Covid-19 outbreak had a limited impact on the market growth of Wi-SUN technology, as the acceptance of Wi-SUN technology solutions increased when unexpected conditions arose. As lifestyles change and economic disruptions affect businesses, smart cities are gaining traction; therefore, the Covid-19 pandemic has increased Wi-SUN technology demand. According to BT Wholesale and Ventures (BT Group), connect city initiatives will cost $135 billion globally by 2021. In addition, the government’s initiatives towards the implementation of smart grids, renewables, and meter technologies will increase demand for Wi-SUN technology. Hawaii officials are studying solar energy, wind energy, and grid-scale storage methods to reach zero emissions by 2045.
Regional Perspective of the Market
North America dominates the Wi-SUN technology market due to its increasing prevalence in the region. The growth of the Wi-SUN market in North America is also due to a variety of factors including, the growth of organizations, the presence of multiple leading device manufacturers, network service providers, and an increase in the area of application of Wi-SUN. A growing urbanization rate in Asia-Pacific coupled with new technology developments in the industry of device manufacturers and network service providers will drive the market’s growth during the forecast period.
Key Competitors
The several leading prominent players profiled in the global Wi-SUN technology market are:
- Texas Instruments Incorporated
- Toshiba Corporation
- Cisco Systems Inc.
- Itron
- Analog Devices, Inc.
- Renesas Electronics Corporation
- Rohm Semiconductor
- Trilliant Holdings Inc
- Landis + Gyr
- Murata Manufacturing Co. Ltd.
- Other Prominent Players
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Aim of the Report
The global Wi-SUN technology market segmentation focuses on Application, Component, and Region.
Segmentation based on Application
- Smart Meters
- Smart Street Lights
- Smart Building
- Others
Segmentation based on Component
- Hardware
- Sensors
- Routers
- Wireless Modules
- Others
- Software
- On-Premise
- Cloud
- Services
- Training and implementation
- System Integration
- Maintenance
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
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- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Wireless Smart Utility Network (Wi-SUN) technology Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Wireless Smart Utility Network (Wi-SUN) technology market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Wireless Smart Utility Network (Wi-SUN) technology Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Wireless Smart Utility Network (Wi-SUN) technology market Size Forecast (2023-2030).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Wireless Smart Utility Network (Wi-SUN) technology market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Wireless Smart Utility Network (Wi-SUN) technology market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Wireless Smart Utility Network (Wi-SUN) technology market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Wireless Smart Utility Network (Wi-SUN) technology business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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