Occupancy sensors/vacancy sensors are used for automatically turning the lights on and off when people enter a location or leave. The popularity of occupancy sensors is increasing with rising need of energy savings in residential and commercial applications. Increasing initiatives by governments for energy savings, rising penetration of energy efficient devices, and concept of green buildings are some of the trends that are anticipated to drive the market for occupancy sensors during the forecast period of 2019 to 2028.
MARKET DYNAMICS
The occupancy sensors market is anticipated to grow in the forecast period owing to the driving factors such as growing need for energy efficient devices and increasing popularity of smart occupancy sensors for lighting automation. However, issues related to consistency of wireless networks and concerns related to false triggering of sensors could affect the growth of occupancy sensors market during the forecast period of 2019 to 2028. On the other hand, increasing adoption energy saving initiatives by public and private enterprises are expected to offer significant growth opportunities for the global occupancy sensors market in the coming years.
MARKET SCOPE
The "Global Occupancy sensors Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of occupancy sensors market with detailed market segmentation by technology, end user, operation, and geography. The global occupancy sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading occupancy sensors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global occupancy sensors market is segmented on the basis of technology, end user, operation, and geography. By technology, the market is segmented into passive infrared, ultrasonic technology, dual technology, microwave, bluetooth, enocean, zigbee, and others. Based on operation, the market is segmented into indoor and outdoor. On the basis of end user, the market is segmented into residential and commercial. The commercial segment is further segmented into office buildings, education institutions, industrial buildings, healthcare facilities and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global occupancy sensors market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The occupancy sensors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting occupancy sensors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the occupancy sensors market in these regions.
MARKET PLAYERS
The reports cover key developments in the occupancy sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from occupancy sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for occupancy sensors in the global market. Below mentioned is the list of few companies engaged in the occupancy sensors market.
The report also includes the profiles of key occupancy sensors companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last three years, key developments in the past five years.
- Acuity Brands Lighting, Inc.
- Eaton
- Honeywell International Inc.
- Hubbell Incorporated
- Johnson Controls
- Legrand SA
- Leviton Manufacturing Co., Inc.
- Lutron Electronics Co., Inc.
- Schneider Electric
- Signify Holding
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.