Occupancy Sensor Market size worth US$1,375.279 million by 2027

Occupancy Sensor Market size worth US$1,375.279 million by 2027

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “Occupancy Sensor Market - which is forecasted from 2020 to 2027”.

As per the report, the market in occupancy sensor market is expected to grow at a steady pace.  

An occupancy sensor is an interior motion detector that recognizes the presence of a person and automatically activates lighting, temperature, or ventilation systems. Occupancy sensors are crucial in lowering energy use. These sensors help to reduce light pollution and may be utilized in both indoor and outdoor settings. During the anticipated period, the market will be propelled forward by growing demands for power devices and the active integration of smart occupancy sensor systems. Furthermore, these sensors are used in conjunction with intelligent parking systems to monitor the state of each parking place and efficiently control traffic congestion.

Increased investment in the creation of smart homes, company buildings, industries, and cities is expected to propel the market forward over the estimated period. Furthermore, technical breakthroughs in microphonics, image processing, and smart occupancy sensors are favorably influencing the market growth.

Based on the sensor type, the market of occupancy sensor market is segmented into passive infrared, ultrasonic, and dual technology. Ultrasonic sensors detect the presence of individuals by emitting ultrasonic sound waves into the environment and measuring the speed with which they return. On the other hand, passive infrared devices contain a clear line of sight between the sensor and the space's inhabitants.

Based on the application, the occupancy sensor market is segmented into lighting, HVAC, controllers, security, and surveillance. The HVAC segment is anticipated to hold a significant amount of share the market. Furthermore, due to the rise of the implementation of such sensors by lighting companies, the lighting segment is also anticipated to drive market growth during the projected period.

Based on the end-user, the occupancy sensor market is segmented into residential, commercial, and, industrial. The residential and commercial sectors will drive growth for the occupancy sensors market.

Based on geographical segmentation, the occupancy sensor market is segmented nose North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America is predicted to be the market's largest occupancy sensor market. These areas have the world's largest market for occupancy sensors for residential and commercial buildings. Therefore, due to the increasing incorporation of these sensors into this region for the growing development of residential and commercial properties, the North American region will drive growth for the occupancy sensor market.

As a part of the report, the major players operating in the occupancy sensor market, that have been covered are Leviton Manufacturing Company, Lutron Electronics, Acuity Brands, Legrand, Schneider Electric, Cooper Industries, Eaton Corporation Plc, General Electric Company, Philips Ltd, and Johnson Controls GmbH.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/occupancy-sensors-market

This analytics report segments the occupancy sensor market on the following basis:

  • 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
    • The Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Indonesia
      • Thailand
      • Others