According to the new
market research report "Occupancy Sensor Market with COVID-19
Impact Analysis by Technology (PIR, Ultrasonic, Dual), Network Connectivity
(Wired & Wireless), Coverage Area, Application, Building Type (Residential,
Commercial) and Geography - Global Forecast to 2025", published
by MarketsandMarkets™, the Occupancy Sensor Market is projected to grow
from USD 1.9 billion in 2020 to USD 3.6 billion by 2025 at a CAGR of 13.3% during
the forecast period. The increasing demand for energy-efficient devices and
government policies towards energy saving are factors driving the growth of the
global occupancy sensors market.
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Factors such as expected incorporation of lighting controllers with in-built data connectivity technology, promotion of green building by governments, and developments in vision-based intelligent occupancy sensor for HVAC system are expected to create growth opportunities for the market.
Passive infrared-based occupancy sensors led the occupancy sensor market in 2019
Passive
infrared-based sensors accounted for the largest share of the occupancy sensor
market in 2019. The passive infrared-based sensors are ideal and the oldest
among the occupancy detection and cheaper as compared with other sensors
because of which their adoption is higher than other technologies. Passive
infrared-based sensors are utilized widely in places where there are fewer
hindrances and interruptions, such as small offices, corridors, and meeting.
Moreover, leading players offering passive infrared-based occupancy sensors
include Legrand (France), Schneider Electric
(France), Johnson Controls (US), and Acuity Brands (US).
Lighting system to account for the largest share of occupancy
sensor market by 2025
The lighting system
application is expected to lead the occupancy sensors market by 2019. Lighting
control is the prime application area of occupancy sensors, and with the help
of these sensors, over 60-70% of the costs related to lighting can be saved. Apart
from saving energy costs installing occupancy sensors for lighting and HVAC
controls, consumers can also minimize installation and maintenance costs, which
will help in the adoption of occupancy sensors for lighting system application.
Browse in-depth
TOC on "Occupancy Sensor Market"
145 – Tables
65 – Figures
204 – Pages
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North America to account for the largest share of occupancy
sensor market by 2025
The
market in North
America is projected
to experience an increase in traction during the forecast period due to the
presence of several leading players such as Johnson Controls (US), Actuity
Brands (US), Leviton Manufacturing (US). The other reasons attributed to the
growth include supportive government plans, laws, programs, and associations.
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), Brück Electronic (Germany), and Pyrotech- Tempsens Group (India) are among the major companies operating in the occupancy sensors market.
