The global demand for Occupancy Sensor Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2020 - 2027.
An occupancy sensor refers to an electronic device that detects the existence of a person. There are various occupancy sensing technologies, but the most common are microwave, infrared, ultrasonic, and video image processing. The most used type is a passive infrared (IR) sensor. Passive infrared sensing technology merely means that they sense heat. The basic building block of an occupancy sensor is a scientific concept called the pyroelectric effect. An occupancy sensor can automatically turn lighting off within 30 minutes is majorly installed in conference rooms, classrooms, storage rooms, break rooms, private offices, printing rooms, dressing rooms, and restrooms. Occupancy sensors play a critical role in minimizing energy consumption.
The rising demand for energy-efficient devices across the globe is the primary factor driving the occupancy sensor market. The favorable government policies concerning energy saving and the growing development of accurate and efficient sensors configured and programmed for HVAC systems contribute to the growth of the occupancy sensor market. The rising popularity of lighting controllers in smart homes and wireless occupancy sensors is positively impacting the occupancy sensor market's growth. Moreover, high technological advancement and the budding trend of green buildings globally are likely to create beneficial growth opportunities for key players of the occupancy sensor market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of occupancy sensor.
This section of the occupancy sensor market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Building Type
- Passive Infrared (PIR)
- Dual Technology (Passive Infrared + Ultrasonic)
- Other Technologies
By Network Connectivity
- Residential Buildings
- Commercial Buildings
By Coverage Area
- Indoor Operation
- Outdoor Operation
- Less than 89°
- Lighting Systems
- HVAC Systems
- Security & Surveillance Systems
This section covers regional segmentation which accentuates on current and future demand for Occupancy Sensor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Occupancy Sensor Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the occupancy sensor market include Legrand , Lutron Electronics, Schneider Electric, Eaton , Signify, Johnson Controls , Leviton Manufacturing, Actuity Brands, Hubbell Incorporated, Hager Group, Honeywell, Texas Instruments, OSRAM LICHIT AG, SIEMENS, , Enerlites, Alan Manufacturing, Crestron Electronics, Crestron Electronics, Pyrotech- Tempsens Group, and Brück Electronic.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.