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Market Overview of Global Wi-SUN Devices market:
According to our latest research, the global Wi-SUN Devices market looks promising in the next 5 years. As of 2022, the global Wi-SUN Devices market was estimated at USD 330.56 million, and it's anticipated to reach USD 1666.05 million in 2028, with a CAGR of 30.94% during the forecast years.
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 enables seamless connectivity between smart grid devices. Wi-SUN supports large-scale outdoor IoT network applications, including FAN (Field Area Network) and HAN (Home Area Network). Wi-SUN devices such as energy management (HEMS) controllers are conducive to building a wide-area large-scale Internet of Things.
During the outbreak of COVID-19, governments of various countries have taken measures to curb the spread of the disease, restrict the movement of people, and strengthen control measures such as cross-border logistics. The supply chain of the Wi-SUN Devices industry is affected. On the one hand, the procurement of raw materials in the Wi-SUN Devices industry is hindered, and enterprises may face a shortage of raw material supply. On the other hand, under the influence of supply chain disruption, some enterprises may not be able to transport goods in time.
The outbreak of the COVID-19 pandemic has had a major impact on the Wi-SUN technology market owing to the adoption of Wi-SUN technology solutions across different industries in the business domain. Along with shifting consumer lifestyles and economic growth, the popularity of smart cities has increased worldwide. The COVID-19 pandemic has brought certain opportunities for the development of the Wi-SUN Devices industry. For example, during the COVID-19 period, the Chinese government emphasized the need to increase the construction of new infrastructure such as public health, emergency support, 5G, industrial Internet, and big data centers.
Driven by downstream market demand
Wi-SUN brings intelligent ubiquitous networking to service providers, utilities, governments and other enterprises by enabling interoperable, multi-service and secure wireless mesh networks. Wi-SUN has the characteristics of longer communication distance than Wi-Fi and faster data transmission speed than LoRa WAN and Sigfox. Because of its moderate rate and transmission distance, and does not depend on the base station, it is a suitable wireless communication standard. As the infrastructure of smart utility and smart city networks continues to expand, more and more items will need to communicate with each other. The growing application of WI-SUN technology in utilities and smart cities will increase the demand for Wi-SUN Devices.
In addition, under the dual drive of policies and markets, the photovoltaic industry has become the focus of the new energy market. Wi-SUN provides flexibility in terms of data rate and energy consumption, and its high security, reliable connectivity, resilience in the event of failure or changing conditions, etc. meet the development needs of photovoltaic scenarios. Generally speaking, the demand for Wi-SUN Devices in the downstream market is driving the development of the Wi-SUN Devices industry.
Complexity and high cost of terminal equipment
Wi-SUN uses a full mesh topology for wireless communication between devices. The Wi-SUN network architecture is composed of routers and other Wi-SUN Devices connected.
Since the wireless mesh network architecture is independent of base stations, this makes the transmission, reception and routing algorithms more complex compared to cellular or other star wireless communications. Moreover, the lack of a centralized system for monitoring and control purposes results in less robust troubleshooting measures, and its complex architecture further increases the cost of the terminal equipment, thereby slowing down its adoption rate while adversely affecting its market growth .
Market competition intensifies
With the rapid development of the Internet of Things technology and downstream application market, there are many large enterprises in the field of Wi-SUN Devices, and the market competition is further intensified. If the company cannot continue to strengthen its core competitiveness, the company will be in a disadvantageous position in the increasingly fierce market competition, which may have a certain adverse impact on the company's operating performance. In addition, during the development and production of Wi-SUN Devices, the company needs to invest a certain amount of manpower and capital, and large enterprises have certain advantages in technology and capital. With the intensification of market competition, it will be more unfavorable for new entrants to enter the industry.
Region Overview:
In 2021, the share of the Wi-SUN Devices market in North America stood at 40.21%.
Company Overview:
Cisco Systems Inc. is one of the major players operating in the Wi-SUN Devices market, holding a share of 13.32% in 2022.
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 Inc. is an American technology company. Itron Inc. provides solutions for collecting, communicating and analyzing electricity, natural gas and water usage data. The company sells its products to the utility industry.
Landis+Gyr has long been an industry leader in energy management solutions. The company provides metering infrastructure and other cutting-edge smart grid technologies that help utilities around the world improve operations, protect assets and reduce operating costs. Landis+Gyr designs, manufactures and sells residential, commercial, industrial and grid meters and more. Landis + Gyr operates globally.
Segmentation Overview:
By type, Adapters and HEMS Controllers segment accounted for the largest share of market in 2021.
Bridges and Gateways
Bridges and gateways are the backbone devices of a network. A bridge is a network device that works at the data link layer. Bridge connects two different LANs working with the same protocol. Gateways have a wider scope than bridges. It operates above the link layer and translates the interfaces and protocols used by one network to those used by a different network when needed. Gateways allow data to be transferred between the various networks that make up the Internet.
RF Modules/Transceivers
The RF Module is used to transmit and/or receive radio signals between two devices. RF Module is one of the modules of the reader system, which is responsible for loading and transmitting radio frequency signals and processing the returned data signals and sending them to the intelligent unit of the reader. Transceivers are the cornerstone of wireless communications. Transceivers are capable of sending and receiving data.
Adapters and HEMS Controllers
An adapter is an interface converter, which can be a self-contained hardware interface device that allows a hardware or electrical interface to connect to another hardware or electrical interface. A HEMS controller acts as a hub between the utility company and the home appliance.
Routers
Routers are devices that can connect two or more packet-switched networks or subnets.
Application Overview:
The market's largest segment by application is the segment Home Area Network (HAN), with a market share of 52.32% in 2021.
Field Area Network (FAN)
Field Area Network (FAN) is a highly robust, low power wireless mesh network for IoT. Field Area Networks (FAN) can be used to collect and analyze energy distribution data and interact with advanced energy distribution equipment by providing various communication media on demand or on a predefined schedule.
Home Area Network (HAN)
Home Area Network (HAN) is a network in a user's home where all laptops, computers, smartphones and other smart appliances and digital devices are connected to one network. A Home Area Network (HAN) enables communication and sharing of resources between smart devices over a network connection.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Wi-SUN Devices market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Wi-SUN Devices Market Report:
Market Size Estimates: Wi-SUN Devices market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Wi-SUN Devices market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wi-SUN Devices market
Segment Market Analysis: Wi-SUN Devices market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Wi-SUN Devices market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Wi-SUN Devices Market: Revenue and sales volume of major countries in each region
Wi-SUN Devices Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Wi-SUN Devices market in major regions.
Wi-SUN Devices Industry Value Chain: Wi-SUN Devices market raw materials & suppliers, manufacturing process, distributors, downstream customers
Wi-SUN Devices Industry News, Policies & Regulations
Key players in the global Wi-SUN Devices market are covered in Chapter 12:
Cisco Systems Inc.
Cimcon Lighting Inc.
Renesas Electronics Corporation
Vertexcom Technologies, Inc.
Hexing Electrical Co. Ltd
Adsol Nissin Archives
Lierda
TI
Murata Manufacturing Co., Ltd
Itron Inc.
Landis+ Gyr
Rohm Semiconductor
Toshiba Corporation
In Chapter 2 and Chapter 15.1, based on types, the Wi-SUN Devices market from 2018 to 2028 is primarily split into:
Bridges and Gateways
RF Modules/Transceivers
Adapters and HEMS Controllers
Routers
Others
In Chapter 3 and Chapter 15.2, based on applications, the Wi-SUN Devices market from 2018 to 2028 covers:
Field Area Network (FAN)
Home Area Network (HAN)
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Wi-SUN Devices market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028