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Occupancy Sensor Market - Forecasts from 2024 to 2029

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    Report

  • 145 Pages
  • September 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649208
The occupancy sensor market is expected to grow at a CAGR of 13.42%, reaching a market size of US$4.144 billion in 2029 from US$2.208 billion in 2024.

Motion detection can be used with these devices to monitor whether a room is occupied or not by utilizing several sophisticated methods such as microwave, radar, ultrasound waves and video image processing. In the presence or absence of a person, these motion sensors automatically facilitate the necessary actions, like turning on or off the HVAC or light systems. The sensors are usually integrated with the IoT network of the building systems for the efficient management of space occupancy and energy conservation.

The technological advancements and innovation of programmable sensors with precise detection and efficient performance have made the working of occupancy sensors possible like never before. The rapid penetration of IoTs and the increasing development of smart homes, smart offices, and smart cities are a few factors that predominantly contribute to the global occupancy sensor market. This market is further segmented based on the types of sensors, end-user sectors, and geographical regions.

Occupancy Sensor Market Drivers:

  • The growing investment in the development of smart houses, enterprise buildings, factories, and cities
Smart cities, as well as homes, come together using wireless technologies, AI and IoT that enable remote power management monitoring as well as use control on one platform shared by all. Another important advantage is that such systems allow city management staff to interact directly with the infrastructural facilities and alike persons to regulate their running. In a quest to propel economic growth and enhance the quality of life through harnessing smart technological solutions, multiple governments worldwide are actively developing smart cities.

Occupancy Sensor Market Geographical Outlook

  • North America is expected to hold a significant market share in the forecast period.
Occupancy sensors are more important in North America than in any other part of the world, both in commercial and residential buildings. This is largely because this region’s occupancy sensors sector has a well-structured and regulated value chain. Therefore, ordering and installation have been made easier. Furthermore, by forming partnerships and launching new items, the North American market for occupancy sensors will probably lead up to 2025. Besides, this category of equipment has also seen tremendous advancements due to high market demand including image processing based ones (IPOS), smart ones (IOS) or microphonics among other factors which have contributed to their higher consumption in North America.

Reasons for buying this report::

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Key Market Segmentation:

Occupancy sensor market is segmented and analyzed as below:
  • By Sensor Type
    • Passive Infrared
    • Ultrasonic
    • Dual Technology
  • By Application
    • Lighting
    • HVAC
    • Controllers
    • Security and Surveillance
  • By End-User
    • Residential
    • Commercial
    • Industrial
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Indonesia
      • Thailand
      • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. OCCUPANCY SENSOR MARKET BY SENSOR TYPE
5.1. Introduction
5.2. Passive Infrared
5.3. Ultrasonic
5.4. Dual Technology
6. OCCUPANCY SENSOR MARKET BY APPLICATION
6.1. Introduction
6.2. Lighting
6.3. HVAC
6.4. Controllers
6.5. Security and Surveillance
7. OCCUPANCY SENSOR MARKET BY END-USER
7.1. Introduction
7.2. Residential
7.3. Commercial
7.4. Industrial
8. OCCUPANCY SENSOR MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Sensor Type
8.2.2. By Application
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Sensor Type
8.3.2. By Application
8.3.3. By End-User
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Sensor Type
8.4.2. By Application
8.4.3. By End-User
8.4.4. By Country
8.4.4.1. UK
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Italy
8.4.4.5. Spain
8.4.4.6. Others
8.5. Middle East and Africa
8.5.1. By Sensor Type
8.5.2. By Application
8.5.3. By End-User
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Sensor Type
8.6.2. By Application
8.6.3. By End-User
8.6.4. By Country
8.6.4.1. Japan
8.6.4.2. China
8.6.4.3. India
8.6.4.4. Australia
8.6.4.5. South Korea
8.6.4.6. Indonesia
8.6.4.7. Thailand
8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Leviton Manufacturing Company
10.2. Lutron Electronics
10.3. Acuity Brands
10.4. Legrand
10.5. Schneider Electric
10.6. Eaton Corporation (Cooper Industries)
10.7. General Electric Company
10.8. Philips Ltd
10.9. Johnson Controls GmbH

Companies Mentioned

Some of the key companies profiled in this Occupancy Sensor Market report include:
  • Leviton Manufacturing Company
  • Lutron Electronics
  • Acuity Brands
  • Legrand
  • Schneider Electric
  • Eaton Corporation (Cooper Industries)
  • General Electric Company
  • Philips Ltd
  • Johnson Controls GmbH

Methodology

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Table Information