Global WI-SUN Technology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global WI-SUN Technology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wi-SUN (Wireless Smart Ubiquitous Network) technology is based on the open specifications of IEEE 802.15.4g, IEEE 802 and IETF IPv6 standards. Wi-SUN FAN is a mesh network protocol with self-organizing network function and self-healing function. Each device in the network can communicate with neighboring devices, and messages can be very long between each node in the network. Jump of distance.

Wi-SUN transmission technology is characterized by long-distance transmission, security, high scalability, interoperability, easy deployment, Mesh network, and low power consumption. It is widely used in smart meters and home intelligence. Communication devices such as energy management (HEMS) controllers are also conducive to building a wide-area large-scale Internet of Things.

Market Overview:

The latest research study on the global WI-SUN Technology market finds that the global WI-SUN Technology market reached a value of USD 319.27 million in 2022. It’s expected that the market will achieve USD 1365.57 million by 2028, exhibiting a CAGR of 27.41% during the forecast period.

Influence of COVID-19 Outbreak on WI-SUN Technology Industry Development

Wi-SUN technology has features such as low power consumption, interoperability, easy deployment, and Mesh network. It is widely used in communication devices such as smart meters and home smart energy management (HEMS) controllers. COVID-19 has little impact on Wi-SUN technology. On the contrary, the outbreak of the epidemic may become an opportunity for the further development of Wi-SUN technology.

For example, in March, affected by the epidemic, the Chinese government emphasized the need to increase the progress of new infrastructure construction such as public health, emergency protection, 5G, industrial Internet, and big data centers. The construction of new infrastructure mainly includes the construction of 5G base stations, UHV, intercity high-speed railways and urban rail transit, charging piles for new energy vehicles, big data centers, artificial intelligence, and industrial Internet. The construction of a new type of infrastructure involves many industrial chains. It is an infrastructure system based on information networks and facing the needs of high-quality development, providing services such as digital transformation, intelligent upgrading, and integration innovation. Wi-SUN technology will promote the construction of new infrastructure and will also have a better market prospect.

The market penetration rate of Wi-SUN technology in some areas is limited and the competitiveness is low

LPWAN technology provides low power consumption and low data rate communication in a wide area. On a global scale, whether it is the release of public networks or the deployment of private networks, it is in a trend of rapid development. Driven by network deployment and suppliers, the number of connections based on low-power wide area networks will also achieve rapid growth. No matter from the end user's application status or from the perspective of industrial ecology, NB-IoT, LoRa, and Sigfox are mainstream LPWAN technologies. In the future in the Internet of Things market, Wi-SUN will be an online technology with strong potential. However, the current market penetration of Wi-SUN technology in some regions is limited and its competitiveness is low.

The Wi-SUN standardized platform is not backward compatible

The characteristics of Wi-SUN transmission technology are remote transmission, security, high scalability, interoperability, easy deployment, and Mesh network. The Wi-SUN Alliance reduces risks while creating a competitive environment. The universality of Wi-SUN technology will largely depend on hardware compatibility. However, Wi-SUN is not backward compatible and must not upgrade hardware components to achieve interoperability to add new features.

The increasing popularity of connected and smart technologies and the growing demand for optimized energy use

The improvement of communication infrastructure brought about by the Internet of Things, as well as the popularization of interconnection and smart technology in smart cities, are the main driving forces for the growth of the smart city IOT market. The increasing demand for optimized energy use in smart cities drives the demand for WI-SUN technology. WI-SUN technology can support current and future requirements for advanced metering, distribution automation, and distributed energy resource integration, while supporting multiple vendors and agreements. TEPCO has deployed 20 million smart meters. The project is an effort made by TEPCO to modernize its power grid and improve customer service for 45 million people.

Region Overview:

In 2022, the share of the WI-SUN Technology market in North America stood at 37.74%.

Company Overview:

Cisco Systems, Inc. is one of the major players operating in the WI-SUN Technology market, holding a share of 13.22% in 2023.

Cisco Systems, Inc.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

Itron

Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data. The Company sells its products to the utility industry. Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.

Application Overview:

By application, the Smart Cities segment occupied the biggest share from 2018 to 2022.

Key Companies in the global WI-SUN Technology market covered in Chapter 3:

Procubed
Satori
Ad-sol nissin
Cisco Systems, Inc.
oki
Renesas Electronics Corp.
nec
Fuji Electric Co., Ltd
Murata Manufacturing Co., Ltd
Itron
Fujitsu
TOSHIBA Corp.
Landis+Gyr
nict
Oi Electric Co., Ltd
OSAKI
Rohm Semiconductor
Tessera

In Chapter 4 and Chapter 14.2, on the basis of types, the WI-SUN Technology market from 2018 to 2029 is primarily split into:

Hardware
Software
Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the WI-SUN Technology market from 2018 to 2029 covers:

Smart Cities
Utilities
Agriculture
Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)