5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Occupancy Sensor Market is segmented by Network Type (Wired and Wireless), Technology (Ultrasonic, Passive Infrared, and Microwave), Building Type (Residential and Commercial), Application (Lighting Control, HVAC, and Security and Surveillance), and Geography.
Fastest Growing Market:
The global occupancy sensor market was valued at USD 2.45 billion in 2019, and it is projected to reach USD 6.70 billion by 2025, recording a CAGR of 18.22% over the forecast period (2020-2025). Sensor-laden lighting systems now have industry acceptance for data-driven beyond lighting. In the coming years, OEMs (original equipment manufacturer) may integrate sensors in luminaires to create smart luminaires that can be an integral part of a connected lighting system. Thus, this may drive the market in the future.
Occupancy sensor is used to save energy, comply with building codes, and provide automatic control and various other such applications. One of the most-used technologies among the occupancy sensors is the passive infrared, which detects occupancy within a specific field and activates lighting and is extremely useful in small spaces. Moreover, advent of advanced occupancy sensors, such as micro-phonics, intelligent occupancy sensor, image processing occupancy sensor, and the new vision-based intelligent occupancy sensor, for HVAC systems is fueling the growth of the occupancy sensor market.
|By Network Type|
|By Building Type|
|Security and Surveillance|
|Middle East & Africa|
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The occupancy sensor market is highly fragmented, and the majority of the players functioning in the market are taking steps to raise their market footprint, by concentrating on product diversification. The players are focusing on strengthening their product portfolio with the adoption of several strategies, including new product developments, partnerships, mergers and acquisitions, etc., in order to gain competitive edge over other players. Key players in the market studied are Honeywell International, Eaton Corporation, and Legrand Inc.
Recent developments in the market studied are-
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand for Energy-efficient Devices
4.3.2 Demand for Passive Infrared Due to Low Cost and High Energy Efficiency
4.4 Market Restraints
4.4.1 False Triggering of Switch and Inconsistency Issues Associated with Wireless Network Systems
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. TECHNOLOGY SNAPSHOT
6. MARKET SEGMENTATION
6.1 By Network Type
6.2 By Technology
6.2.2 Passive Infrared
6.3 By Building Type
6.4 By Application
6.4.1 Lighting Control
6.4.3 Security and Surveillance
6.4.4 Other Applications
6.5.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.5.4 Latin America
126.96.36.199 Rest of Latin America
6.5.5 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Honeywell International
7.1.2 Eaton Corporation
7.1.3 Schneider Electric
7.1.4 Legrand Inc.
7.1.5 Leviton Electronics (Dongguan) Co. Ltd
7.1.6 Philips Ltd
7.1.7 Hubbell Building Automation Inc.
7.1.8 ohnson Controls GmbH
7.1.9 Pammvi Group
7.1.10 Lutron Electronics, Inc.
7.1.11 General Electric
7.1.12 Texas Instruments Incorporated
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability