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Occupancy Sensor Market: Global Industry Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2023
Posted on May 5 2021 9:00 AM
"Occupancy Sensor Market Research Report reviews the trends with a perceptive attempt to disclose the near-future growth prospects. The Occupancy Sensor Market study reveals profitable investment strategies for companies, business executives, product marketing managers, new business investors and many more in preferred locations with Forecast Period 2021-2023. "
Global Occupancy Sensor Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Occupancy Sensor Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Occupancy Sensor Market report offers a comprehensive view regarding the competitive landscape of the Occupancy Sensor market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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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 countryâ€™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 playerâ€™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.
Reasons to Purchase this Report
To know how the inclination toward wireless technology is changing the market scenario
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
The network type and sensor technology that are expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Occupancy Sensor Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Occupancy Sensor.
Regional Market Analysis:
The Occupancy Sensor Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Occupancy Sensor Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Occupancy Sensor procedures.
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Key Attentions of Occupancy Sensor Market Report:
- The report offers a comprehensive and broad perspective on the global Occupancy Sensor market.
- The market statistics represented in different Occupancy Sensor segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Occupancy Sensor are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Occupancy Sensor.
- Major stakeholders, top companies Occupancy Sensor, investment feasibility and new market entrants study is offered.
- Development scope of Occupancy Sensor in each market segment is covered in this report. The macro and micro-economic factors affecting the Occupancy Sensor market
- Advancement is elaborated in this report. The upstream and downstream components of Occupancy Sensor and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.2.2 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
6.2.4 South America
188.8.131.52 Rest of South America
6.2.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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