Global Occupancy Sensors Market Growth, Trends, and Forecasts (2020-2026)
Global Occupancy Sensor Market is segmented by Network Type (Wired, Wireless), By Technology (Ultrasonic, Passive Infrared, Microwave), By Building Type (Residential, Commercial), By Application (Lighting Control, HVAC, Security and Surveillance, Other Applications) and By Region
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Market Snapshot
Global Occupancy Sensor market is poised to report a 12.65% during 2020-2026. Increasing popularity of smart homes and energy efficient lighting systems across the world will help in the growth of the occupancy sensor market over the coming years. In 2019, Eaton has launched Trellix connected lighting platform, which is an open IoT platform and infrastructure that connects intelligent sensors to help capture data on energy consumption across industries such as healthcare, manufacturing, commercial offices, education, hospitality, and retail.
Market Overview
Global Occupancy Sensor market is improving owing to increasing demand for energy-efficient devices and favorable government policies regarding energy saving as well as the development of accurate and efficient sensors that can be configured and programmed for HVAC systems.
The increasing degree of urbanization, as well as the growing need for automation in manufacturing facilities acts as opportunities for growth of the market in future. Need for substantial R&D investments by occupancy sensor companies are restraining the growth of the market. Also, irregularity concerns associated with a wireless network system and are hindering the overall growth of the market.
The HVAC systems play a vital role in modern buildings as they improve the building operations but also costly to operate. They also consume a significant amount of energy and hence this increases to need for an automated solution that can enhance the operations while potentially reducing energy consumption.
The demand in North America is mainly driven by a higher focus on innovations and advancements in occupancy sensors, such as image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and micro-phonics.
The largest industry of occupancy sensors is the residential and commercial building industry, due to a massive growth in the construction sector in this region. The technology has a major role to play in this sector, due to the cost-effective matrix.
The United States is leading the market, owing to the developments in various sectors, such as commercial and residential, and increase in the rise of wireless network infrastructure. Similarly, the growing demand for HVAC systems in the US region is anticipated to play a crucial role in this market.
Competitive Landscape
Porter Five Forces Analysis
Major Players
Table of Contents
1. Research Methodology and Scope
2. Executive Summary
3. Impact of COVID-19 on the Occupany Sensors Market
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Porters Five Forces Analysis
5. Competitive Landscape
5.1 Key Strategies Adopted by Major Companies
6. Occupany Sensors Market Segmentation by Network Type
6.1 Wired
6.2 Wireless
7. Occupany Sensors Market Segmentation by Technology Type
7.1 Ultrasonic
7.2 Passive Infrared
7.3 Microwave
8. Occupany Sensors Market Segmentation by Application
8.1 Light Control
8.2 HVAC
8.3 Security and Surveillance
8.3 Others
9. Occupany Sensors Market by Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 United Kingdom
9.2.2 France
9.2.3 Italy
9.2.4 Germany
9.2.5 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 Australia
9.3.5 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Rest of South America
9.5 Middle East and Africa
10. Occupany Sensors Company Profiles
10.1 Legrand
10.2 Schneider Electric
10.3 Eaton
10.4 Signify
10.5 Johnson Controls
10.6 Acuity Brands
10.7 Leviton Manufacturing
10.8 Lutron Electronics
10.9 Honeywell
10.10 Hubbell Incorporated
11. Appendix
Research Methodology
