Global Occupancy Sensor Market Size is estimated to expand rapidly in coming years, at a CAGR of 12.3 % from 2018 to 2025. In 2017, the global market valuation was USD 4.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. An occupancy sensor is an outdoor motion detection tool used to identify an individual's existence to regulate lamps or heat or ventilation structures automatically. Infrared, ultrasonic, microwave or other technology are used by the detectors. The Term includes equipment as distinct as PIR detectors, keycard locks in the hotel space, and intelligent meters. Typically, occupancy sensors are used for energy savings, automatic control and building codes. Increasing demand for energy-efficient devices and government’s stringent rules regarding energy saving are considered as key factors contributing to the growth of the global market. Moreover, the growing trend of green buildings across the globe is one of the key factors behind the growth of occupancy sensor market. Geographically, North America has emerged as a prominent player in the global market of the occupancy sensor.   

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global occupancy sensor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global occupancy sensor market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Network Connectivity Insights: On the basis of network connectivity, global occupancy sensor market has been segmented into wired and wireless. Based on the segmentation, wired network connectivity is expected to gain traction in the forecast period owing to the reduced installation cost, and better connectivity as compared to other devices. Lightweight wireless occupancy sensors can be mounted using velcro, magnetic tapes, or screws. One of the main variables driving requirement for wireless occupancy sensors is also easy integration with other wireless checks, computers, and networks.

By Building Type Insights: On the basis of building type, global occupancy sensor market has been segmented into residential and commercial. Among which occupancy sensor market for residential building is expected to grow at high CAGR during the forecast period. These days, house owners prefer their houses to be installed with high technology and energy-efficient sources for better living and to minimize the energy uses and cost associated with them. Moreover, increasing demand for home automation and smart homes is expected to dominate the global occupancy sensor market.

Regional Analysis

The occupancy sensor market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

A greater concentrate on inventions and advances in occupancy sensors such as picture handling occupancy sensor (IPOS), smart occupancy sensor (IOS), and microphonics fuels request in North America. Residential and commercial building segment is expected to play an important role in the global market of occupancy sensors owing to the great development in the construction sector. Due to development in multiple industries, such as retail and housing, the United States is guiding the industry and the increase in wireless network facilities is driving the growth in home automation, which helps in the growth of the industry for occupancy sensors. The market in APAC region is expected to grow at high CAGR during the forecast period of 2018 to 2025. Key variables influencing the occupancy sensor industry in the APAC region are public initiatives promoting energy conservation and building and real estate industries development. It is anticipated that ongoing building operations in India and Japan will considerably boost the demand for occupancy sensors in these areas.

Global Occupancy Sensor Market Size, Share Analysis by Region 2017

Global Occupancy Sensor Market Study Objective

1. To forecast the market size of occupancy sensor market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of occupancy sensor market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of occupancy sensor market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of occupancy sensor market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the occupancy sensor market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Honeywell International, Eaton Corporation, Legrand Inc., etc. are some of the key players in the market of occupancy sensor. In an attempt to achieve a competitive edge over other competitors, these players focus on enhancing their brand portfolio by adopting several approaches including fresh brand innovations, alliances, mergers, and acquisitions, etc.

Global Occupancy Sensor Market Study Report Offer You!

The global occupancy sensor market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.