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Occupancy sensors are devices that detect when a space is unoccupied and accordingly automatically turn OFF (or dim) the lights, thereby saving energy. The device may also turn the lights ON automatically upon detecting the presence of people, providing convenience and a potential security aid. According to the Lawrence Berkeley National Laboratory, occupancy-based strategies can produce average lighting energy savings of 24%.
Due to their relative simplicity and high energy-savings potential, coupled with energy code mandates, these sensors are a staple in new construction. They are also a common control feature in retrofit projects.
Market Analysis and Insights: Global Occupancy Sensor Market
Due to the COVID-19 pandemic, the global Occupancy Sensor market size is estimated to be worth US$ 2298 million in 2022 and is forecast to a readjusted size of US$ 4275.1 million by 2028 with a CAGR of 10.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PIR (passive infrared) Sensors accounting for % of the Occupancy Sensor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential segment is altered to an % CAGR throughout this forecast period.
Global occupancy sensor market key players include Signify, Schneider Electric, Honeywell and GE Current, they hold about 40% of global shares. Asia Pacific and Europe are the key market, have a share about 60%. PIR (passive infrared) Sensors is the key type, with a share over 50%. Non-residential application is the mainstream, which occupies about 70% of the global market.
Global Occupancy Sensor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Occupancy Sensor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
PIR (passive infrared) Sensors
Ultrasonic Sensors
Dual-technology Occupancy Sensors
Segment by Application
Residential
Non-residential
By Company
Signify
Schneider Electric
Honeywell
GE Current
Johnson Controls
Legrand
Crestron Electronics
Lutron Electronics
Acuity Brands
OPTEX
Leviton Manufacturing Co., Inc
Enerlites
Hubbell
ATSS
Production by Region
North America
Europe
Japan
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Due to their relative simplicity and high energy-savings potential, coupled with energy code mandates, these sensors are a staple in new construction. They are also a common control feature in retrofit projects.
Market Analysis and Insights: Global Occupancy Sensor Market
Due to the COVID-19 pandemic, the global Occupancy Sensor market size is estimated to be worth US$ 2298 million in 2022 and is forecast to a readjusted size of US$ 4275.1 million by 2028 with a CAGR of 10.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PIR (passive infrared) Sensors accounting for % of the Occupancy Sensor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential segment is altered to an % CAGR throughout this forecast period.
Global occupancy sensor market key players include Signify, Schneider Electric, Honeywell and GE Current, they hold about 40% of global shares. Asia Pacific and Europe are the key market, have a share about 60%. PIR (passive infrared) Sensors is the key type, with a share over 50%. Non-residential application is the mainstream, which occupies about 70% of the global market.
Global Occupancy Sensor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Occupancy Sensor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
PIR (passive infrared) Sensors
Ultrasonic Sensors
Dual-technology Occupancy Sensors
Segment by Application
Residential
Non-residential
By Company
Signify
Schneider Electric
Honeywell
GE Current
Johnson Controls
Legrand
Crestron Electronics
Lutron Electronics
Acuity Brands
OPTEX
Leviton Manufacturing Co., Inc
Enerlites
Hubbell
ATSS
Production by Region
North America
Europe
Japan
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
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