Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025

The occupancy sensor 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% from 2019 to 2024. The growth of the occupancy sensor market is driven by factors such as increasing need for energy-efficient lighting controls and the growing popularity of smart homes. On the other hand, the rising trend of green buildings across the world is among the major factors that are likely to create growth opportunities for the market.

The passive infrared-based occupancy sensors accounted for the largest share of occupancy sensor market in 2018. These sensors are affordable and consume lower power than the other two technologies, which makes more it suitable for wireless network connectivity.

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The occupancy sensor market for 180–360° coverage area is expected to account for the highest share during the forecast period. There is a strong demand for higher coverage area occupancy sensors as a single occupancy sensor can be installed in large rooms such as large office floors, conference rooms, and classrooms, whereas 89° and 90–179° coverage area-based sensors are used mostly in smaller spaces due to their limited field of view.

The occupancy sensor market for residential building type is expected to grow at the highest CAGR during the forecast period. In the current market scenario, most house owners prefer their residences to be installed with the latest technologies, which also help them manage energy usage and minimize the cost. Moreover, growing awareness regarding home automation and smart homes among occupants are expected to drive the occupancy sensor market for residential buildings.

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North America led the global occupancy sensors market in 2019. The demand for occupancy sensors in North America for commercial and residential buildings is more than other geographies. This demand is attributed to the value chain for the occupancy sensors market being well-organized and well-managed in the region. The US continues to remain the largest market for occupancy sensors across the region. The occupancy sensor market in the US is primarily driven by supportive government plans and the presence of key players in the country, along with their offerings.

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Global Occupancy Sensor Market 2020: Market Drivers, Growth Rate, Risks, Opportunities, Forecast

The occupancy sensor market ​size is estimated to grow from USD 1.14 Billion in 2015 to USD 2.78 Billion by 2020, at an estimated CAGR of 19.5% between 2015 and 2020.

One of the major growth drivers for occupancy sensor market is the increasing demand among the various industry verticals (residential buildings and commercial buildings) for the energy-efficient devices. Additionally, energy saving is considered to be amongst the most important factors in the development of occupancy sensors in the market. Applications such as lighting control, HVAC systems, and security surveillance majorly utilizes occupancy sensors to reduce the level of energy consumption.

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PIR-based occupancy sensor to play a key role in the occupancy sensor market

In the total occupancy sensor market on the basis of technology, the PIR technology is widely utilized. The PIR-based sensors are ideal and the oldest among the occupancy detection and cheaper as compared to other sensors; therefore, they are used extensively in almost all the major applications such as lighting and HVAC control.

Supportive government plans and programs contributes towards the development of occupancy sensors

Occupancy sensors have been highlighted as a way to reduce energy consumption. With regards to this, not only private firms but also public firms and government bodies are taking effective measures for the implementation of occupancy sensors in most of the building types. For instance, in 2013, the U.S. government was promoting to install energy saving devices such as occupancy sensor in the new housing projects to reduce the level of energy consumption. With regards to total energy consumption in the U.S., commercial buildings and industrial plants together account for more than 50% of the consumption which is equal to approximately USD 400 billion of energy cost.

North America expected to contribute the largest market share, European region to grow at the highest rate

The North American market is estimated to hold the major market share between 2015 and 2020. Some of the major reasons behind this are; increasing demand for energy-efficient devices and key players located in the region such as Leviton Manufacturing Co. Inc. (U.S.), Lutron Electronics Co, Inc. (U.S.) Honeywell International, Inc. (U.S.), Johnson Controls Inc. (U.S.), General Electric Company (U.S.), Acuity Brands, Inc. (U.S.), and Hubbell Incorporated (U.S.) among others. In addition to this, supportive government plans, laws, programs and associations are also one of the major reasons for the growth.

The European region is estimated to grow at the highest growth rate between 2015 and 2020. Government support is one of the major reasons behind this growth. For instance, Energy Efficiency Directive is an initiative by the European Union and it was established in October 2012 to set the measures which would help the European Union to achieve ~20% of energy efficiency target by 2020. Under this Directive, all European Union countries are required to use energy more efficiently at all stages of the energy chain from its production to its final consumption.

The competitive landscape of the market presents valuable insights into the various players in the occupancy sensor market. The occupancy sensor report profiles the 11 promising players in the market and further explains their business overview, product portfolio, recent developments, and key strategies. The market is witnessing new product developments and partnerships & agreements across the value chain between companies.

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Some of the major market players in the field of occupancy sensor are Legrand S.A. (France), Schneider Electric (France), Acuity Brands, Inc. (U.S.), Leviton Manufacturing Co. Inc. (U.S.), Eaton Corporation plc (Ireland), Lutron Electronics Co, Inc. (U.S.), Johnson Controls Inc. (U.S.), Honeywell International, Inc. (U.S.), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), and Hubbell Incorporated (U.S.) among others.

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Opportunities and Challenges in the EMI Shielding During 2019-2024

The rapid increase in the use of electronic devices leads to electromagnetic pollution which consequently made the adoption of EMI shielding solutions important. The use of non-linear devices, increasing clock frequencies, faster slew rates, and increasing packaging concentration are further pressing the requirement for EMI shielding. Reliable protection against EMI substantially contributes toward safeguarding device or system reliability and also ensures that the device achieves its rated performance.

The EMI shielding market is expected to be valued at USD 6.3 billion in 2019

It is expected to reach USD 8.2 billion by 2024 at a CAGR of 5.34% from 2019 to 2024. Factors such as ongoing demonstrations of field trials and pilot projects to develop the viability of 5G technology and stringent environmental and EMC regulations across industries are driving the growth of the EMI shielding market.

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Key Market Players:

Laird (UK), Chomerics (US), PPG Industries (US), Integrated Polymer Solutions (US), and DowDuPont (US) are some of the leading players in the EMI shielding market. These players have been relying on their strong R&D capabilities and a balanced product portfolio to increase their customer base in the EMI shielding market.

Chomerics (US) held the leading position as the suppliers of various EMI shielding products to different industries. Chomerics is a major player offering conductive coating and paints for EMI shielding market where Laird Plc. (UK) is not present. With the support of its parent company—Parker Hannifin Corp., it is having presence in around 50 countries of the world. Chomerics is well-positioned in the said market since it offers diversified solutions to many industries, including electronic devices and components. Chomerics (US) also has a robust product portfolio in other components such as conductive elastomers and EMI shielding tapes.

Laird (UK) is one of the leading suppliers in the global EMI shielding market. The company provides components and solutions for the electronics industry across the globe and has a well-established network of subsidiaries, distributors, and representatives. Laird has significant presence in consumer electronics related technology such as wireless connectivity module, antennas, and thermal interface material (TIM). This helps the company to address all the requirements of the customers; thus, it has won more customers and ensure continuous revenue stream form different businesses.

PPG Industries manufactures and distributes coatings, specialty materials, and glass products. The company operates in 3 segments, namely, Performance Coating, Industrial Coating, and Glass. PPG Industries’ EMI shielding solution comes under the Performance Coating segment. The Performance Coating segment is further divided into Refinish, Aerospace, and Architectural Coating segments.

Other players in this market include 3M Company (US), Kitagawa Industries (Japan), Tech-Etch (US), Schaffner (Switzerland), and Nolato (Sweden), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

newsletter@marketsandmarkets.com