PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284080
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284080
Wired Occupancy Sensors Market Forecasts to 2028 - Global Analysis By Building Type (Commercial Buildings and Residential Buildings), Application (Security surveillance, Lighting control and HVAC), End User and By Geography
According to Stratistics MRC, the Global Wired Occupancy Sensors Market is accounted for $1.51 billion in 2022 and is expected to reach $2.54 billion by 2028 growing at a CAGR of 9.03% during the forecast period. Wireless occupancy sensors are crucial in lowering energy use. This is frequently accomplished by sensors, which shut down gadgets and other equipment based on occupancy. These sensors can help reduce light pollution and can be utilised in both indoor and outdoor settings. Occupancy sensors serve a critical role in lowering energy consumption and pollution in buildings, businesses, bathrooms, and other locations. Because it is lightweight, it saves energy and makes life more convenient and accessible.
According to Energy Solutions, energy consumption and wastage at hotels are one of the significant concerns, representing 3% to 6% of hotel operating costs and accounting for approximately 60% of its CO2 emissions.
Market Dynamics:
Driver:
The rise in global construction and infrastructure development activities
The increased need for public infrastructure in emerging economies such as India and China is boosting the construction industry in these countries. Because of the growing population and rising per capita incomes, many new structures for diverse purposes have been constructed in recent years. As a result of its efficiency in reducing energy waste, it will continue to drive market growth. Thus, during the projection period, these building and infrastructure development activities are predicted to dramatically increase demand for wired occupancy sensors.
Restraint:
Erroneous triggering
One of the main obstacles to the market's expansion has been erroneous activation of an occupancy sensor switch. Any movement in the space makes sensors more prone to false triggering. Because they are sensitive to all types of motion, they react to non-occupant movement as well. Sunlight, someone passing through nearby regions in the sensor's view, or any machinery that heats up objects can all cause false triggering. Sensors are also ineffective if the office is partitioned. Constant sensor on-off shortens the life of lighting systems and related components.
Opportunity:
Rising construction in the real estate sector
Energy conservation has become critical for the development of any economy; as a result, governments in numerous countries are taking steps to preserve as much energy as possible. When paired with other technology and efficient lighting, wired occupancy sensors can assist save up to 30% of the electricity. Furthermore, the growing use of wired occupancy sensors in public buildings is driving increased demand for wired occupancy sensors. Thus, the expanding building activity around the world will fuel market expansion during the forecast period.
Threat:
High costs of installation and maintenance
The installation of wired occupancy sensors necessitates the use of numerous hardware components, including sensors, communication devices, and control systems, in addition to the software. As a result, the increasing overall cost of these systems limits their installation, affecting the growth of the wired occupancy sensors market. Furthermore, the efficiency of such sensors is dependent on facing angles and mounting positions, as the sensors require substantial vertical and horizontal clearances. As a result of such high costs, widespread distribution and acceptance of wired occupancy sensors is hampered, limiting market growth.
COVID-19 Impact:
COVID-19 is a novel global public health problem that has damaged virtually every firm, and its long-term consequences are projected to have an impact on industry growth in the coming years. The outbreak of COVID-19 in numerous countries has had a significant impact on the supply chain. Lockdowns and inter-country travel restrictions have severely affected the delivery of raw materials and finished products. The temporary shutdown of production plants and transportation has had a significant impact on the electronics industry; this will also have an indirect impact on demand for technology deployed.
The residential buildings segment is expected to be the largest during the forecast period
The residential buildings segment is estimated to have a lucrative growth, owing to the increasing demand for surveillance and security systems. The most recent technology plays an important part in assisting homeowners in managing their energy use, lowering expenditures, and maintaining a green atmosphere in their homes. Due to home automation trends and a desire to decrease electricity bills, people are increasingly installing occupancy sensors in their residences. Home automation technology is becoming more popular in residences as disposable income grows. Furthermore, as people become more conscious of smart homes and automation, the need for occupancy sensors in residential buildings is likely to increase.
The HVAC segment is expected to have the highest CAGR during the forecast period
The HVAC segment is anticipated to witness the highest CAGR growth during the forecast period. Heating, ventilation, and air conditioning (HVAC) systems are now typical in most commercial buildings, including offices and hospitality organisations. Because HVAC systems consume more power or energy than lighting systems, reducing energy consumption is one of the key goals of installing occupancy sensors. Occupancy sensors can greatly reduce electricity and running costs. The growing demand for energy-efficient sensing systems to keep building occupants comfortable and safe is propelling the Wireless occupancy sensor market.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the better funding in innovations and advancements in occupancy sensors like image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics. The USA is leading the regional market because of development in various sectors, like commercial and residential. The expansion of wireless network infrastructure is driving the expansion of home automation, which aids the growth of this regional wireless occupancy sensor market. Similarly, rising demand for HVAC systems in the United States is expected to play a significant role in market expansion.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. One of the primary drivers of this expansion is government support. Europe has profited considerably from increased construction activity, which has contributed to the market's growth in occupancy sensor sales. Home automation and smart lighting are projected to gain traction in Europe, fuelled by considerable activity in the smart home area in the United Kingdom. Wireless occupancy sensors will also be in high demand due to their ease of interaction with other wireless controllers, devices, and networks in this region.
Key players in the market:
Some of the key players profiled in the Wired Occupancy Sensors Market include Acuity Brands Inc., Lutron Electronics Co. Inc., Omicron Sensing LLC, Schneider Electric SE, Eaton Corp. Plc, Honeywell International Inc., BLP Technologies Inc., Crestron Electronics Inc., Signify NV, Steinel America Inc., Koninklijke Philips NV, Legrand SA, Leviton Manufacturing Co. Inc., IR TEC International Ltd., Johnson Controls International Plc, Alan Manufacturing Inc., Hubbell Inc., Intelligent Lighting Controls Inc., TALOSYS INC. and Telkonet Inc.
Key Developments:
In April 2023, French electricals major Legrand, which has grown in India through five acquisitions over the past 25 years, is keen for more buyouts and is also doubling down on investments this year as it seeks to make India a sourcing hub for the group, according to a top company official.
In January 2022, Johnson Controls has acquired Foghorn, strengthening its position as a pioneer in smart and autonomous buildings. By integrating Foghorn's industry-leading Edge AI platform throughout Open Blue, Johnson Controls will be able to expedite its innovation and ambition for Smart Autonomous Buildings.
Building Types Covered:
- Commercial Buildings
- Residential Buildings
Applications Covered:
- Security surveillance
- Lighting control
- HVAC
End Users Covered:
- Aerospace and Defence
- Consumer electronics
- Healthcare
- Industrial
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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 2020, 2021, 2022, 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Wired Occupancy Sensors Market, By Building Type
- 5.1 Introduction
- 5.2 Commercial Buildings
- 5.3 Residential Buildings
6 Global Wired Occupancy Sensors Market, By Application
- 6.1 Introduction
- 6.2 Security surveillance
- 6.3 Lighting control
- 6.4 HVAC
7 Global Wired Occupancy Sensors Market, By End User
- 7.1 Introduction
- 7.2 Aerospace and Defence
- 7.3 Consumer electronics
- 7.4 Healthcare
- 7.5 Industrial
- 7.6 Other End Users
8 Global Wired Occupancy Sensors Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Acuity Brands Inc.
- 10.2 Lutron Electronics Co. Inc.
- 10.3 Omicron Sensing LLC
- 10.4 Schneider Electric SE
- 10.5 Eaton Corp. Plc
- 10.6 Honeywell International Inc.
- 10.7 BLP Technologies Inc.
- 10.8 Crestron Electronics Inc.
- 10.9 Signify NV
- 10.10 Steinel America Inc.
- 10.11 Koninklijke Philips NV
- 10.12 Legrand SA
- 10.13 Leviton Manufacturing Co. Inc.
- 10.14 IR TEC International Ltd.
- 10.15 Johnson Controls International Plc
- 10.16 Alan Manufacturing Inc.
- 10.17 Hubbell Inc.
- 10.18 Intelligent Lighting Controls Inc.
- 10.19 TALOSYS INC.
- 10.20 Telkonet Inc.
List of Tables
- Table 1 Global Wired Occupancy Sensors Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 3 Global Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 4 Global Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 5 Global Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 6 Global Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 7 Global Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 8 Global Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 9 Global Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 10 Global Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 11 Global Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 12 Global Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 13 Global Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 14 Global Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 15 North America Wired Occupancy Sensors Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 17 North America Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 18 North America Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 19 North America Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 20 North America Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 21 North America Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 22 North America Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 23 North America Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 24 North America Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 25 North America Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 26 North America Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 27 North America Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 28 North America Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 29 Europe Wired Occupancy Sensors Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 31 Europe Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 32 Europe Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 33 Europe Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 34 Europe Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 35 Europe Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 36 Europe Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 37 Europe Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 38 Europe Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 39 Europe Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 40 Europe Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 41 Europe Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 42 Europe Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 43 Asia Pacific Wired Occupancy Sensors Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 45 Asia Pacific Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 46 Asia Pacific Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 47 Asia Pacific Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 48 Asia Pacific Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 49 Asia Pacific Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 50 Asia Pacific Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 51 Asia Pacific Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 52 Asia Pacific Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 53 Asia Pacific Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 54 Asia Pacific Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 55 Asia Pacific Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 56 Asia Pacific Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 57 South America Wired Occupancy Sensors Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 59 South America Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 60 South America Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 61 South America Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 62 South America Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 63 South America Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 64 South America Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 65 South America Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 66 South America Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 67 South America Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 68 South America Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 69 South America Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 70 South America Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 71 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Building Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Commercial Buildings (2020-2028) ($MN)
- Table 74 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Residential Buildings (2020-2028) ($MN)
- Table 75 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Application (2020-2028) ($MN)
- Table 76 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Security surveillance (2020-2028) ($MN)
- Table 77 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Lighting control (2020-2028) ($MN)
- Table 78 Middle East & Africa Wired Occupancy Sensors Market Outlook, By HVAC (2020-2028) ($MN)
- Table 79 Middle East & Africa Wired Occupancy Sensors Market Outlook, By End User (2020-2028) ($MN)
- Table 80 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Aerospace and Defence (2020-2028) ($MN)
- Table 81 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Consumer electronics (2020-2028) ($MN)
- Table 82 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 83 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Industrial (2020-2028) ($MN)
- Table 84 Middle East & Africa Wired Occupancy Sensors Market Outlook, By Other End Users (2020-2028) ($MN)
