Global Occupancy Sensor Market Growth 2023-2029

Global Occupancy Sensor Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Occupancy Sensor Industry Forecast” looks at past sales and reviews total world Occupancy Sensor sales in 2022, providing a comprehensive analysis by region and market sector of projected Occupancy Sensor sales for 2023 through 2029. With Occupancy Sensor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Occupancy Sensor industry.
This Insight Report provides a comprehensive analysis of the global Occupancy Sensor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Occupancy Sensor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Occupancy Sensor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Occupancy Sensor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Occupancy Sensor.
The global Occupancy Sensor market size is projected to grow from US$ 2010.3 million in 2022 to US$ 4255.3 million in 2029; it is expected to grow at a CAGR of 4255.3 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Occupancy Sensor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
PIR (passive infrared) Sensors
Ultrasonic Sensors
Dual-technology Occupancy Sensors
Segmentation by application
Residential
Non-residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Signify
Schneider Electric
Honeywell
GE Current
Johnson Controls
Legrand
Crestron Electronics
Lutron Electronics
Acuity Brands
OPTEX
Leviton Manufacturing Co., Inc
Enerlites
Hubbell
ATSS

Key Questions Addressed in this Report
What is the 10-year outlook for the global Occupancy Sensor market?
What factors are driving Occupancy Sensor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Occupancy Sensor market opportunities vary by end market size?
How does Occupancy Sensor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.