LAMEA Wi-SUN Technology Market By Component (Hardware, Software, and Services), By Application (Smart Meters, Smart Buildings, Smart Street Lights, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Wi-SUN Technology Market would witness market growth of 22.8% CAGR during the forecast period (2021-2027).
Wi-SUN technology is among the most secured technology that can be installed to protect the network from cyber-attacks. Along with that, Wi-Sun technology offer high performance during various challenging situations and remote surroundings. There are a huge number of reliably connected endpoints, which showcase that a Wi-SUN-based IoT mesh network can help in attaining the better level of ubiquity & scalability required by IoT customers.
This technology consumes less power as compared to other wireless communication options such as WLANs, which contribute to the high popularity of the technology. Along with that, Wi-SUN offers certification for the Enhanced Home Area Network (HAN) communications profile that can help in supporting communication among Home Energy Management Systems & any HAN devices with significant interoperability and scalability.
Wi-SUN technology is widely adopted by the governments of the region due to its efficiency, better device communication and improved connected surroundings. The consumption of electricity in Dubai is constantly increasing and thus, better plan and smart meters are required across the country, which creates more demand for Wi-SUN technology in the country. Moreover, governments are taking numerous measures to deploy energy-efficient smart devices that would augment the growth of the regional Wi-SUN technology market over the forecast period.
The Brazil market dominated the LAMEA Hardware Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $64.1 Million by 2027. The Argentina market is expected to witness a CAGR of 23.5% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 21.8% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Smart Meters, Smart Buildings, Smart Street Lights, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Texas Instruments, Inc., Toshiba Corporation, Analog Devices, Inc., Renesas Electronics Corporation, Murata Manufacturing Co., Ltd., Itron, Inc., Landis+Gyr Group AG, Rohm Semiconductors Co., Ltd., and Trilliant Holdings, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Smart Meters
- Smart Buildings
- Smart Street Lights
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Texas Instruments, Inc.
- Toshiba Corporation
- Analog Devices, Inc.
- Renesas Electronics Corporation
- Murata Manufacturing Co., Ltd.
- Itron, Inc.
- Landis+Gyr Group AG
- Rohm Semiconductors Co., Ltd.
- Trilliant Holdings, Inc.
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