WI-SUN Technology Market Research Report: ) By Application (Smart Meters, Smart Street Lightings, Smart Building, and Industrial Application, Others), By Component (Hardware Products, Software Solutions, Services- Forecast 2027

ID: VPR/ICT/1075 Publishing Year: January 2022 Pages: 101 Format:   


WI-SUN Technology Market Overview:

A wireless communication standard known as Wi-SUN Technology, also known as wireless smart utility network, is a type of wireless communication standard that allows seamless connectivity between smart-grid devices to be established. A number of IETF, IEEE, and ANSI/TIA standards are used to build the Wi-Sun network, which is designed to be low-power and low-loss.

Wi-Sun Technology Market Growth is expected to be influenced by the rapid increase in the demand for energy efficiency over the forecast period of 2021-2028. Increased number of smart city initiatives as well as increased application scope in various industries such as agriculture, healthcare, energy and utilities, logistics and transportation as well as industrial manufacturing are expected to spur the growth of the wi-sun technology market in the coming years. The high level of investment in research and development to improve connectivity solutions is also expected to have a positive impact on the market's growth in the near future. Also expected to play a role in the growth of the wi-sun technology market are the increasing demand for comprehensive standards and technology that can provide effective networks, technological advancements in smart devices, and the rise in popularity of smart devices.

Key Players:

  • OSAKI (Japan)
  • Fuji Electric Co. Ltd (Japan)
  • Murata Manufacturing Co. Ltd (Japan)
  • Analog Devices (England)
  • Rohm Semiconductor (Japan)
  • Trilliant (US)
  • Landis+Gyr (Switzerland)
  • Itron (US)
  • OMRON Corporation (Japan)
  • Renesas Electronics Corp. (Japan)
  • TOSHIBA Corp. (Japan)
  • Cisco Systems Inc. (the US)

Market Drivers:

Over the forecast period, the proliferation of smart and connected devices such as thermostats, smart metres, and other types of smart home appliances is expected to support market growth.

A number of other factors are contributing to the growth of the WI-SUN Technology Market, including the increasing adoption of smart technologies and connected technologies, an increase in the demand for improved customer experience across various industry verticals worldwide, increased awareness about the various benefits of Wi-SUN Technology, such as long battery life and low deployment costs, and the increasing number of applications in various industries sucking up the market share. In addition, there is a growing demand for energy efficiency, a growing demand for LPWAN (low-power wide-area network) across application areas such as smart buildings, smart street lighting, and smart metres, a growing demand for comprehensive standards and technology that can provide effective networks, technological advancements in smart devices, increasing penetration of IoT, and substantial investments in r&d.

Opportunities:

Technology advancements in hardware products such as wireless modules, routers, sensors, and HEMS controllers as well as software solutions such as gateway software and sensor device software are expected to provide significant growth opportunities to market players over the forecast period, according to analysts.

Market Segmentation:

The Wi-Sun Technology Market is segmented based on the component used and the application it is used for. You can analyse niche pockets of growth and market approaches to help you determine your core application areas and the differences between your target markets using the growth among segments.

The Wi-Sun Technology Market is segmented into three categories based on the components they use: hardware products, software solutions, and services. Sensors, wireless modules, routers, and HEMS controllers are among the categories of hardware products that have been created. Further subcategories include training and implementation services, system integration services, and maintenance and other support services, amongst others.

Regional Analysis:

The Global Wi-SUN Technology Market is segmented into regions, with opportunities and recent trends discussed in Europe, North America, Asia Pacific (APAC), South America, the Middle East and Africa, and other regions. Over the forecast period, North America will be the most dominant region in the market. With the presence of several leading device manufacturers and network service providers that are focused on the commercial deployment and testing of Wi-SUN based systems for both commercial and industrial purposes, technological advancements, growing adoption of this technology across different industry verticals, and widespread availability and increased demand for the technology, the global Wi-SUN technology market is becoming more competitive.

Covid-19 Impact:

According to projections, the global impact of COVID-19 will have a significant impact on the global Wi-SUN Technology Market by 2020.

Businesses and institutions have shifted to online operations during this pandemic; however, their operations are experiencing difficulties in securing their networks and are becoming more vulnerable to cyber-attacks. As a result, an increase in the demand for Wi-SUN Technology Solutions is expected to be observed in the future in order to improve network intelligence and connectivity while also preventing cyber-attacks.

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