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Why Invest in Wi-SUN Technology Market Reach USD 10,590 Million by 2030, Factors Behind Market's Growth

06-05-2024 09:44 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Why Invest in Wi-SUN Technology Market Reach USD 10,590 Million

Allied Market Research published a new report, titled, " Why Invest in Wi-SUN Technology Market Reach USD 10,590 Million by 2030, Factors Behind Market's Growth." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increase in usage of smart & connected devices, development of smart cities & smart infrastructure, several government initiatives coupled with renewable energy targets, and rise in awareness about the benefits of Wi-SUN technology drive the growth of the global Wi-SUN technology market. Technological advancements in hardware and software products are anticipated to create an array of lucrative opportunities in the industry.

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The global Wi-SUN technology market was valued at USD 1,456.64 million in 2020 and is anticipated to reach USD 10,590.48 million by 2030, registering a CAGR of 21.7%.

The Wi-SUN technology market is segmented on the basis of component, application, and region. By component, it is categorized into hardware, software, and services. By application, it is classified into smart meters, smart street lights, smart building, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/A10839

COVID-19 Scenario-

● The outbreak of the pandemic has had a low impact on the growth of the Wi-SUN technology market, as there's been a steep leap in the adoption of Wi-SUN technology solutions during this unprecedented time.

● The global expenditure on connected city initiatives has also increased to a considerable extent, and this drift is pretty likely to continue post pandemic as well.

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Based on component, the hardware segment held the major share in 2020, garnering more than half of the total market. The software segment, on the other hand, would manifest the fastest CAGR of 24.9% during the forecast period.

By application, the smart meters segment accounted for around half of the total market revenue in 2020, and is anticipated to retain its dominance by 2030. The smart buildings segment, however, would grow at the fastest CAGR of 27.1% from 2021 to 2030.

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Based on region, the market across North America contributed to the major share in 2020, holding nearly two-fifths of the global Wi-SUN technology market. The Asia-Pacific region would cite the fastest CAGR of 26.4% from 2021 to 2030. Other provinces studied in the report include LAMEA and Europe.

The key market players analyzed in the global Wi-SUN technology market report include Cisco Systems Inc., Itron, Landis + Gyr, Renesas Electronics Corporation, ROHM Semiconductor, Analog Devices, Inc., Trilliant Holdings Inc., Texas Instruments Incorporated, Toshiba Corporation, and Murata Manufacturing Co. Ltd.

Access the full summary at: https://www.alliedmarketresearch.com/wi-sun-technology-market-A10839

Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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