Occupancy Sensors Market Forecasts to 2028 – Global Analysis By End User (Non-Residential, Residential), Technology (Passive Infrared (PIR), Ultrasonic), Application (HVAC Systems, Lighting Systems) and By Geography
According to Stratistics MRC, the Global Occupancy Sensors Market is accounted for $1.90 billion in 2020 and is expected to reach $5.93 billion by 2028 growing at a CAGR of 15.3% during the forecast period. Factors such as rising penetration of energy efficient devices, increasing number of smart homes, and growing demand for energy-efficient devices are driving the market growth. However, inconsistency issues associated with the wireless network systems is hampering the growth of the market.
Occupancy sensors are used for automatically turning the lights on and off when people enter or leave a location. These products help in energy savings in residential as well as commercial applications.
Based on the end user, the non-residential buildings segment is anticipated to expand at a rapid pace during the forecast period which can be attributed to the growing awareness of home automation and smart homes among occupants. By geography, North America is going to have high growth during the forecast period owing to the well organized and well managed value chain in the region which simplifies the overall ordering and installation process.
Some of the key players profiled in the Occupancy Sensors Market include Honeywell, Schneider Electric, Johnson Controls, Osram Lichit AG, Eaton, Siemens, Texas Instrument, Enerlites Inc, Leviton Manufacturing, Signify, Bruck Electronic GmbH (B.E.G), Hager Group, Crestron Electronics, Hubbell Incorporated, Lutron Electronics, Pyrotech-Tempsens Group, and Alan Manufacturing Inc.
• Outdoor Operation
• Indoor Operation
End Users Covered:
• Non-Residential Buildings
• Residential Buildings
Network Connectivities Covered:
• Wired Network
• Wireless Network
Coverage Areas Covered:
• Less Than 90°
• Passive Infrared (PIR)
• Dual Technology (Passive Infrared + Ultrasonic)
• Other Technologies
• Heating, Ventilation, and Air Conditioning (HVAC) Systems
• Lighting Systems
• Security and Surveillance Systems
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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