Global “Occupancy Sensor” Market industry is anticipated to an extensive growth during the forecast period 2018-2023. Occupancy Sensor Market report provides in detail analysis of market with revenue growth and upcoming trends. report contains the forecasts, market size, share estimates and profiles of the leading industry Players.
Occupancy Sensor Market research report provides derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Occupancy Sensor industry. The report is a reliable analysis of current scenario of the market, which covers several market dynamics.
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The global occupancy sensor market was worth USD 1.731 billion in 2017, and is projected to reach USD 4.823 billion by 2023, recording a CAGR of 18.07% over the forecast period, 2018-2023. The scope of the report is limited to the network type and application of sensors in commercial and residential buildings. The regions considered in the scope of the report include North America, Europe, and Asia-Pacific, among others. The study also focuses on how the increasing demand for energy-efficient devices and favorable government policies regarding energy efficient procedures are driving the market.
Occupancy sensors have a wide range of applications. It is used to save energy, comply with building codes, provide automatic control, and various other such application. One of the most-used technologies among the occupancy sensors is the passive infrared, which detects occupancy within a specific field and activates lighting and is extremely useful in small spaces. This technology is widely used in residential and commercial sectors for lighting and security applications. Moreover, advent of advanced occupancy sensors, such as micro-phonics, intelligent occupancy sensor, image processing occupancy sensor, and the new vision-based intelligent occupancy sensor for HVAC systems are fuelling the growth of the occupancy sensor market. In addition, surging government investment in infrastructure and facilities is driving the growth in the construction sector, which in turn, augments the demand for occupancy sensors.
Rising Demand for Energy-Efficient Devices expected to Drive the Market
Power companies are struggling to meet the consumer demand, as well as the rising demand for energy. Hence, the ideal solution is the adoption of more energy-efficient devices. Occupancy sensors play a vital role in reducing energy consumption. This is achieved through the sensors, which shuts down devices and other equipment on the basis of occupancy. These sensors help in reducing light pollution. Moreover, they can be used for indoor and outdoor spaces.
Also, adoption of energy-efficient devices helps in reducing carbon emissions, thus extending the life of equipment and saving a lot of funds, thereby aiding the country’s economy. These devices have become a common feature in commercial buildings, such as offices, healthcare centers, and others. The aforementioned concerns, along with support from the latest technological advancements, has produced efficient devices, which help in reducing energy consumption, thereby fuelling the demand for occupancy sensors.
Passive Infrared Technology expected to have the Largest Market Share
The demand for passive infrared is expected to continue in the future, due to the low cost, demand for energy-efficient devices, and less power requirement. The demand for this technology is augmented by the increasing number of energy-efficient devices and the integration of passive infrared sensors across various types of buildings, especially residential and commercial ones. It has a range of applications, such as lighting, spectrometers, gas & fire detection systems, security devices, cameras, pyrometers, and many others. Some of the major benefits of passive infrared sensors are accurate movement detection, reliable triggering, and cost efficiency.
In addition, dominant trends of industrial development and the escalating demand for home automation are driving the market. Other factors, such as low power consumption and surging usage in wireless applications, are further boosting the growth of the passive infrared sensor market.
North America expected to Dominate the Market
The demand in North America is mainly driven by a higher focus on innovations obtained from R&D, and technological advancements in developed economies, like Canada and the United States. This growth is also supported by the established player’s presence in this region. Other factors, such as climate change initiatives taken up by the governments in the region are also driving the growth. In addition, the growth of smart homes and home automation products in the region is also expected to increase the demand for occupancy sensors. Similarly, the growing demand for HVAC systems in the region is anticipated to play a crucial role in this market.
Key Developments in the Market
• January 2018 – DSP Group, Emza, and Himax announced AI-based human presence IoT visual sensor for consumer appliances and industrial applications. WiseEye IoT is a low power visual sensor, adding human presence awareness for consumer appliances and industrial IoT applications. Also, it provides occupancy detection and people counting in a battery-powered sensor, and thus, it is suitable for managing HVAC, factory floors, and other areas where motion detection is required.
• November 2017 – DANLERS teamed up with CASAMBI to deliver wireless control of energy-saving occupancy and daylight sensors. DANLERS ‘CASAMBI enabled’ PIR occupancy sensors use Bluetooth Low Energy (BLE) to provide mesh network control without needing a wired gateway or Wi-Fi network connection. The Casambi system is suitable for retrofitting into existing installations since there is no need for additional wiring to communicate between devices.
Major Players: HONEYWELL INTERNATIONAL, EATON CORPORATION, SCHNEIDER ELECTRIC, LEGRAND INC., LEVITON ELECTRONIC CO. LTD, PHILIPS LTD, HUBBEL AUTOMATION INC., JOHNSON CONTROLS GMBH, PAMMVI GROUP, LUTRON ELECTRONICS, GENERAL ELECTRIC, and TEXAS INSTRUMENTS INCORPORATED, amongst others.
Major Regions: – China, India, Japan, South Korea, ASEAN, Rest of Asia-Pacific, US , Canada, Mexico, Rest of North America, Germany, UK, Italy, France, Spain, Russia, Rest of Europe, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, UAE, Rest of Middle-East and Africa.
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Reasons to Purchase this Report:
- Analysing various perspectives of the Occupancy Sensor market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Occupancy Sensor market growth during the forecast period.
- Identify the latest developments, Occupancy Sensor market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Occupancy Sensor Market forecast 2023
1. Introduction of Occupancy Sensor Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Occupancy Sensor Market Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Occupancy Sensor Market Dynamics
6. Global Occupancy Sensor Market, Segmented by Size
7. Global Occupancy Sensor Market, Segmented by Technology Type
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8. Global Occupancy Sensor Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.2 South America
8.4.1 United Kingdom
8.5 Africa and Middle East
8.5.2 South Africa
8.5.3 Saudi Arabia
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
And Many More……….
For Detail TOC Click Here
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