Market Research Report
Occupancy Sensor Market by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area, Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||316179|
|Published||Content info||178 Pages
Delivery time: 1-2 business days
|Occupancy Sensor Market by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area, Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2024|
|Published: August 27, 2019||Content info: 178 Pages||
The occupancy sensors market is projected to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024 at a CAGR of 12.3%. The growth of the market can be attributed to the growing requirement of energy-efficient devices, and government policies towards energy saving via the development of accurate & efficient sensors and configurable & programmable sensors for HVAC systems. However, the primary factor restraining the occupancy sensor market growth is the lack of awareness of the benefits of this device, especially in APAC. On the other hand, the growing trend of green buildings across the world is the major factor that is likely to create growth opportunities for the market.
The growth of the market for the occupancy sensors for lighting system application can be attributed to the growing requirement of energy-efficient devices and a strong push from governments, globally, for energy savings. For instance, in December 2018, the Energy Efficiency Directive in Europe was revised (amending Directive EU (2018/2002)) by updating a few specific provisions and introducing new policies and targets. By 2030, EU energy efficiency is targeting to achieve at least 32.5% of energy savings with a clause for a possible upward revision by 2023.
The occupancy sensors market in APAC is projected to grow at a higher CAGR when compared to the Americas and Europe. The occupancy sensor market has huge potential in APAC. Countries with a considerable demand for occupancy sensor systems are China, Japan, Australia, and South Korea. These systems, which are an integral part of a digitalized household, are expected to find an increasing acceptance among consumers in this region.
In the process of determining and verifying sizes of different segments and subsegments of the occupancy sensor market gathered through the secondary research, extensive primary interviews were conducted with key industry experts in the occupancy sensors market.
The break-up of primary participants for the report is as follows:
The report profiles key players in the occupancy sensors market with their respective market ranking analysis. Prominent players profiled in this report are Legrand (France), Schneider Electric (France), Eaton (Ireland), Johnson Controls (US), Signify (Netherlands), Actuity Brands (US), Leviton Manufacturing (US), Lutron Electronics (US), Honeywell (US), Hubbell Incorporated (US), Texas Instruments (US), OSRAM LICHIT AG (Germany), SIEMENS (Germany), Alan Manufacturing (US), Enerlites (US), Functional Devices (US), Crestron Electronics (US), Hager Group (Germany), Bruck Electronic (Germany), and Pyrotech- Tempsens Group (India).
This research report categorizes the occupancy sensor market based on technology, building type, network connectivity, operation, coverage area, application, and region. The report describes major drivers, restraints, challenges, and opportunities pertaining to the occupancy sensors market and forecasts the size of the market till 2024.
The report is expected to help leaders/new entrants in this market in the following ways:
HVAC system 52
INDOOR OPERATIONS THAN OUTDOOR OPERATIONS 58
IS CHALLENGING 58
OF THE TOTAL MARKET IN 2018 64
in independent homes 69
low installation, and maintenance costs 82
OF OCCUPANCY SENSORS 86
SMALL MOVEMENTS 89
traditional sensors 96
in the UK 120
occupancy sensor market 120
Italian government 121
and Environmental Design (LEED) 125
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*