Occupancy Sensor Market will reach a value of US$ 6,558.9 Mn from 2022 to 2032, at a CAGR of 12%
The global occupancy sensor market is expected to secure US$ 6,558.9 Million in 2032 while expanding at a CAGR of 12%. The market is likely to hold a value of US$ 2,115.6 Million in 2022. With an increased demand for occupancy sensors, which are primarily used for security purposes to prevent break-ins, burglaries, and thefts, the occupancy sensor market is growing.
Occupancy sensor is a heat and light control device used to detect occupancy of space by people and accordingly turns light on or off by using infrared light rays, ultrasonic rays and microwave technology.
Occupancy sensor is commonly used for providing automatic control, saving energy and complying with building codes etc. Increasing demand for energy saving devices have resulted into several technological advancement in occupancy sensors.
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Global Occupancy Sensor Market: Drivers and Restraint
Increasing demand for energy-efficient devices is one of the major factors responsible for the growth of global occupancy sensor market across the globe.
Other factors such asfavourable government regulations and policies with regard to energy saving, continuous development and advancement of advanced and cost-effective sensors are expected to fuel growth of the global occupancy sensor market over the forecast period.
In contrast, false triggering of switch and inconsistency issues associated with wireless network system are anticipated to impede the market growth during the forecast period. However, introduction of advanced occupancy sensors such as intelligent occupancy sensor, image processing occupancy sensor and micro-phonics in is boosting growth of global occupancy market.
Global Occupancy Sensor Market: Segmentation
Global occupancy sensor market is segmented on the basis of type, network connectivity and application. On the basis of types, the global occupancy sensor market is sub segmented into ultrasonic sensors, passive infrared sensors, microwave sensors and others.
Ultrasonic sensor uses high frequency sound waves in order to detect space occupancy. Passive infrared sensor uses heat movement detection to detect infrared radiation radiated out of human body movement while microwave sensor works on the same principle as of ultrasonic sensor but with high sensitivity as well as detection range as compare to other two types of occupancy sensor.
Global Occupancy Sensor Market: Regional Outlook
On the basis of region, the global occupancy sensor market can be segmented into seven major regions such as North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan and Middle East & Africa (MEA).
Of these regions, the North America occupancy sensor market is expected dominate the global occupancy sensor market over the forecast period.
However, Asia-Pacific (excluding Japan) is anticipated to witness the highest CAGR during the forecast period. This is mainly attributed to growth in construction and real estate sectors in developing countries such as India and China in the region.
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Global Occupancy Sensor Market: Key Players
Key players operating in the global occupancy sensor market are Eaton Corporation Plc., Honeywell International Inc., Schneider Electric SA, Johnson Controls Inc., Acuity Brands Inc., Texas Instruments Inc., Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Legrand SA and Hubbell Incorporated among others.
Major players in the market are focusing more on development of advanced and innovative sensors such as image processing sensor, micro-phonic based sensor and intelligent occupancy sensor in order to gain competitive advantage in the long term.
The report covers exhaustive analysis on
- Occupancy Sensor Market Segments
- Occupancy Sensor Market Dynamics
- Historical Actual Market Size
- Occupancy Sensor Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Occupancy Sensor Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Occupancy Sensor Market Drivers and Restraints
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Key Segments Profiled in the Global Occupancy Sensor Market
Occupancy Sensor Market by Network Connectivity:
- Wired Network Occupancy Sensor
- Wireless Network Occupancy Sensor
Occupancy Sensor Market by Application:
- Occupancy Sensors for Government Establishments
- Occupancy Sensors for Industrial Applications
- Occupancy Sensor for Commercial Applications
- Occupancy Sensor for Residential Sectors
Occupancy Sensor Market by Region:
- North America Occupancy Sensor Market
- Latin America Occupancy Sensor Market
- Europe Occupancy Sensor Market
- South Asia Occupancy Sensor Market
- East Asia Occupancy Sensor Market
- Oceania Occupancy Sensor Market
- Middle East & Africa Occupancy Sensor Market