North America 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 North America Wi-SUN Technology Market would witness market growth of 20.8% CAGR during the forecast period (2021-2027).
The Wi-SUN mesh networks can be formed automatically in a smart infrastructure or smart city, whenever any new gadget is added. The short-range feature of this technology enables quicker and constant data rates. In addition, Wi-SUN devices can carry out frequent (up to 10 s) and low-latency communication, and attract less than 2 μA in resting and 8 mA at the time of transmission. Owing to these aspects, the demand and growth of Wi-SUN technology would witness a rise in the upcoming years.
The increasing requirement for low-power wide-area network (LPWAN) across various smart products like smart street lightings, smart meters, and the smart building would create more demand for Wi-SUN technology products in the market. Along with this, the growing requirements for comprehensive technology & standards that provide an efficient network would expand the adoption of Wi-SUN technology.
The installation of smart lighting and smart meters on a large scale across various nations of the region would open new growth prospects for the regional Wi-SUN technology market over the forecast period. The availability of numerous IoT-powered smart city solutions in the region is among the key aspects fueling the demand and growth of the regional market during the forecast period.
The US market dominated the North America Services Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $248.8 Million by 2027. The Canada market is anticipated to grow a CAGR of 25% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 23.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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