The global occupancy sensor market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 15.5% during the forecast period (2021-2026), according to the latest report by IMARC Group.
Industry Definition and Application:
Occupancy sensors, also known as vacancy sensors, are devices that automatically regulate the functioning of installed equipment and appliances based on the occupancy of a room. These sensors are generally installed for controlling the ventilation, temperature, light, security, and surveillance systems. Most commonly, occupancy sensors utilize passive infrared, ultrasonic, and dual technologies for their operations. They are energy-efficient, highly flexible, maintenance-free, and cost-effective, with easy installation. Owing to this, occupancy sensors find wide applications across several commercial, industrial, and residential spaces, along with usage in the automobile industry.
The increasing demand for energy-efficient devices, coupled with government policies for reducing carbon emissions and developing green buildings, have fueled the market growth. Moreover, various technological advancements, such as the introduction of image processing occupancy sensors (IPOS), intelligent occupancy sensors, and micro-phonics, have increased their popularity across the world. Apart from this, the rise in traffic congestion issues has led to the increasing installation of occupancy sensors, such as the Internet of Things (IoT) sensors and ultrasonic sensors for better traffic management. Additionally, they are increasingly being installed in passenger cars and light and heavy commercial vehicles.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players in the market are: Honeywell International, Eaton Corporation, Schneider Electric, Legrand, Acuity Brands, Leviton Manufacturing, Pammvi Group, General Electric, Koninklijke Philips N.V., Hubbell Building Automation, Texas Instruments, Johnson Controls, Lutron Electronics, etc.
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Insight on Market Segmentation
Market Breakup by Network Type
Market Breakup by Technology
1. Passive Infrared
3. Dual Technology
Market Breakup by Building Type
Market Breakup by Coverage Area
1. Less Than 89 Degree
2. 90 Degree-179 Degree
3. 180 Degree-360 Degree
Market Breakup by Application
1. Lighting Control
3. Security Surveillance
Market Breakup by Region
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
Global Occupancy Sensor Market 2021-2026 Analysis and Segmentation: https://www.imarcgroup.com/occupancy-sensor-market
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