Global Occupancy Sensor Market Research Report 2023(Status and Outlook)

Global Occupancy Sensor Market Research Report 2023(Status and Outlook)

Report Overview

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.

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.

The Global Occupancy Sensor Market Size was estimated at USD 1873.00 million in 2022 and is projected to reach USD 3864.19 million by 2029, exhibiting a CAGR of 10.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Occupancy Sensor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Occupancy Sensor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Occupancy Sensor market in any manner.

Global Occupancy Sensor Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Signify

Schneider Electric

Honeywell

GE Current

Johnson Controls

Legrand

Crestron Electronics

Lutron Electronics

Acuity Brands

OPTEX

Leviton Manufacturing Co., Inc

Enerlites

Hubbell

ATSS

Market Segmentation (by Type)

PIR (passive infrared) Sensors

Ultrasonic Sensors

Dual-technology Occupancy Sensors

Market Segmentation (by Application)

Semiconductor

PDP Backlighting

Lightings

Medical

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Occupancy Sensor Market

Overview of the regional outlook of the Occupancy Sensor Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors