CHICAGO, July 16, 2024 /PRNewswire/ -- The Mesh
Gateway Market size is expected to be USD 1.3 billion in 2024 and reach USD 2.2 billion by 2029, with a CAGR of 11.5%
between 2024 and 2029 according to a new report by
MarketsandMarkets™. The increasing internet penetration is
expected to fuel the growth of the mesh gateway market. With the
increase in connected devices in homes and industrial setups, the
demand for reliable and scalable network infrastructure is
increasing. As traditional wireless networking systems have
drawbacks like network drop, deploying mesh gateways is expected to
increase in homes and industrial setups. The market for mesh
gateways is also expected to grow during the forecast period.
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Browse in-depth TOC on "Mesh Gateway
Market"
159 – Tables
58 – Figures
195 – Pages
Mesh Gateway Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 1.3
billion
|
Estimated Value by
2029
|
$ 2.2
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 11.5%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Offering, Location
Type, Application, End User Industry, and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Data Security and
privacy concerns
|
Key Market
Opportunities
|
Increasing adoption of
mesh gateways in SMEs
|
Key Market
Drivers
|
Rise in industrial
automation
|
Energy & utility end-user industry to account for the
significant growth of mesh gateway market between 2024 and
2029.
The energy and utilities end-use industry consists of a wide
range of applications, like production, transmission, distribution,
and energy consumption resources such as electricity, natural gas,
and water. In the energy and utility industry, reliable and
flexible communication is essential for remote monitoring and
management of energy resources. Mesh gateway technology plays a
crucial role in providing this communication by creating
interconnected networks of devices and sensors through mesh
gateways.
Market for mesh gateways for an outdoor location to have a
significant market size between 2024 and 2029.
Deployment of mesh gateways in outdoor locations is increasing
and is expected to have a significant market share during the
forecast period. Outdoor deployed mesh gateways provide geospatial
information in outdoor environments, helping industries to monitor
and manage their assets efficiently remotely. Commercial and
personnel in outdoor spaces like industrial campuses, construction
sites, and logistics hubs, among others, can use wireless
networking for real-time tracking and route optimization, enhancing
operational efficiency, safety, and security. Outdoor location
capabilities into mesh gateway help establish robust, end-to-end
connectivity across outdoor locations, facilitating seamless data
exchange and asset management.
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North America expected to
hold the largest share of mesh gateways market in 2023.
North America dominated the
mesh gateways industry in 2023. The region comprises some
leading manufacturing, energy, and utility companies that
increasingly employ mesh gateways for wireless networking and
solutions. In energy & utilities applications like smart grid
management, which includes identifying issues in the grid and
optimizing energy distribution, among others, are growing.
Furthermore, the surge in adopting mesh gateways for agriculture is
anticipated to propel market growth. The agriculture industry has
applications like precision agriculture that help to reduce waste
and optimize resource usage, among others. As the energy
& utilities and agriculture industry are leading industries in
North America, the demand for mesh
gateway is expected to grow in the region.
Key Market Players
The players in the mesh gateways companies are Eaton (Ireland), Honeywell International, Inc.
(US), Siemens (Germany), Emerson
Electric Co. (US), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), HDL Automation (China), RSAE Labs Inc. (US), Wirepas Ltd
(Finland), Dryad Networks GmbH
(Germany) and AsiaRF Co., Ltd
(Taiwan), Phoenix Contact
(Germany), Westermo (Sweden), Tuya Inc. (China), Ackcio (Singapore), DusunIoT (China), Senet (US), Rajant Corporation (US),
Quectel (China), NEXCOM
International Co., Ltd. (Taiwan),
Weidmüller Group (Germany), Digi
International, Inc. (US), Kerlink (France), Milesight (US), Shanghai MXCHIP
Information Technology Co., Ltd.(China), Actility (France).
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