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.
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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
- North America
Table of Contents
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
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | September 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 2.21 billion |
| Forecasted Market Value ( USD | $ 4.14 billion |
| Compound Annual Growth Rate | 13.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
