Wi SUN Market

Normal 0 false false false EN-US ZH-CN X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Roboto Condensed"; mso-ascii-font-family:"Roboto Condensed"; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:"Roboto Condensed"; mso-hansi-theme-font:minor-latin; mso-ansi-language:EN-US; mso-fareast-language:EN-US;} The global Wi-SUN technology market is expected to register a CAGR of 25.5% from the year 2019–2025. The market is driven by the growing adoption of connected and smart technologies in smart cities and a surge in the need for improved customer experience across industry verticals globally. Also, since Wi-SUN technology offers several benefits, including low deployment cost and long battery life, it is implemented in a number of applications, including industrial manufacturing, logistics & transportation, energy & utilities, agriculture, and healthcare. Wi-SUN technology offers extended coverage and higher security than other LPWAN technology/standards. Currently, the Wi-SUN technology is also being deployed for commercial purposes, with pilot testing projects being run at various locations in the past two years. The Wi-SUN technology solutions have evolved significantly over the years, and the applications of this technology are expected to increase considerably in the future.

The global Wi-SUN technology market is expected to reach 6013.2 million in 2025, from 1232.5 million in 2018. In 2019, smart meters segment led the Wi-SUN technology market, by application, with a 31.2% share; and is expected to register the highest CAGR of 26.9%. Based on component, hardware products segment accounted for the largest share of 46.1% in 2018 and is expected to exhibit the highest CAGR of 26.4%. The software solution segment is expected to record a CAGR of 25.1% in the forecast period. By region, the global Wi-SUN technology market is led by North America, which occupied 39.7% of market share in 2018. North America is followed by Asia-Pacific, which accounted for a share of 29.4% in 2018. The market in Asia-Pacific is expected to register the highest CAGR of 29.1% in the forecast period, 2019–2025. This basically means that the region has immense opportunity in terms of revenue growth.