The Europe Wi-SUN Technology Market would witness market growth of 21.3% CAGR during the forecast period (2021-2027).
The Wi-SUN FAN (Field Area Networks) refers to a wireless communication specification that is developed from various applicable open standards, which is appropriate for large-scale outdoor networks. There are numerous Cities and Utilities that are getting advantages of utilizing products for interoperability with Wi-SUN FAN products. This would further strengthen the demand and growth of the Wi-SUN technology market across the world.
The usage of the technology consists of the provision of field area networks (FANs) for distribution automation, smart metering infrastructures, and home energy management. For instance, the City of London, which is the largest financial hub in the world, is implementing 12,000 streetlights in a two-year project that is supported by Wi-SUN FAN-capable network technology. Due to such projects initiated by organizations and authorities, the demand for Wi-SUN technology would surge in the coming years.
The rapid urbanization and increasing number of smart city projects are among the key determinants accelerating the demand for Wi-SUN technology in the region. Smart street lights are one of the cost-efficient projects for smart cities, which can be replaced by high-energy usage streetlights. In addition, these street lights gather information from various deployed sensors to develop applications & systems, which can benefit the city and the community. Thus, accelerating the demand and growth of the regional Wi-SUN technology market.
The Germany market dominated the Europe Software Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $142.1 Million by 2027. The UK market would exhibit a CAGR of 19.9% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 22.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Wi-SUN Technology Market Size will Hit $5,950.2 million by 2027, at a CAGR of 21.7%
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.
By Component
By Application
By Country
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