The global Wi-SUN technology market is expanding and will show a big increasing in the forecast period. The Wireless Smart Utility Network (Wi-SUN) is a wireless communication standard which is designed to encourage connection and data transmission between smart grid equipment. The adoption of the Internet of Things (IoT) in various industries and the expansion of networking work bodes well for the market.
Wi-SUN technology is likely to become a viable solution due to the formation of alliances with the help of various leading technology suppliers. The development of smart cities and smart infrastructure to eliminate the communication costs of previous standards (such as LPWA) bodes well for the market. Due to the proliferation of the Internet of Things in large industries and cities, compliance and certification of the demand for technology can promote the development of the Wi-SUN market. Because of different communication standards, the communication infrastructure used to support various devices and reduce interoperability, those can drive market growth.
The Wi-SUN technology industry market is fiercely competitive with many alliances. Establishing agreements and new standards for accelerating wireless technologies for field networks and the Internet of Things can expand cooperation efforts between companies. The company’s interoperability and scalability efforts may be the company’s R&D focus.
With the rapid popularization of smart meters, smart thermostats and other smart home appliances, the market demand for Wi-SUN technology will surge. Giving up on proprietary systems that prioritize the use of open source standards can enable service providers to deploy multi-service networks. The adoption of smart technologies, the need to improve the customer experience across verticals, the awareness of technological advantages, and the advantages over LPWAN standards can drive market growth. The focus on energy conservation and the need to develop standards to reduce installation prices bodes well for the market. Technological breakthroughs such as sensors, routers, wireless modules, and gateway software can provide numerous growth opportunities for the Wi-SUN technology market.
By component, the global Wi-SUN technology market has been segmented into hardware products, software solutions and services. Hardware products include HEMS controllers, routers, sensors, etc. On the other hand, services include maintenance and other support services, system integration services, and training and implementation services.
The main applications of the Wi-SUN technology market are smart meters, smart street lights, smart buildings, and industrial applications. Smart meters are further subdivided into distribution management systems, automatic meter reading and advanced metering infrastructure. As interoperability standards and other industrial sectors benefit from smart meter technology, smart meters are expected to dominate the global market.
The Wi-SUN technology market covers North America, Europe, Asia Pacific and the rest of the world
The deployment and testing of Wi-SUN systems for commercial and industrial applications, as well as the adoption of various vertical industries, bodes well for the market.
Due to the adoption of smart city projects and Wi-SUN equipment in various industrial sectors, with the increase in the installation of smart meters, smart street lights and smart buildings, the application of the Industrial Internet of Things may trigger the demand for Wi-SUN technology. Cooperation between participants can promote innovation in the Wi-SUN technology industry market.
Due to the lack of hardware module supply, the impact of the COVID-19 pandemic on the global Wi-SUN technology market is negligible. However, the modernization of existing systems and their applications smart cities, smart buildings, and smart utilities can expand the market. The organization’s focus on maintaining employee productivity and maintaining stable connections bodes well for the market. The establishment of standards and protocols that ensure connectivity through mesh endpoints, remote firmware updates, and self-healing communications may promote the growth of the global market.
Holley Technology Ltd. provides smart meters with different communication methods including RF, PLC, GPRS, WIFI, LORAWAN, and Wi SUN, etc. If you are interested in, please be free to contact us.
Post time: Oct-20-2021