What is Global Occupancy Sensor Market?
The Global Occupancy Sensor Market is a rapidly growing sector that focuses on the production and distribution of occupancy sensors. These sensors are designed to detect the presence of people in a specific area and are widely used in commercial and residential settings for energy efficiency and security purposes. The market was valued at US$ 2055 million in 2023 and is projected to reach a staggering US$ 4275.1 million by 2030. This growth is primarily driven by the increasing demand for energy-efficient devices and the rising awareness about the benefits of occupancy sensors. The market is also influenced by technological advancements and the development of innovative products. The Global Occupancy Sensor Market is a dynamic and competitive space, with key players constantly striving to innovate and capture a larger market share.
PIR (passive infrared) Sensors, Ultrasonic Sensors, Dual-technology Occupancy Sensors in the Global Occupancy Sensor Market:
The Global Occupancy Sensor Market is segmented into different types of sensors, including PIR (passive infrared) Sensors, Ultrasonic Sensors, and Dual-technology Occupancy Sensors. PIR sensors are the most popular, accounting for over 50% of the market share. These sensors work by detecting the infrared radiation emitted by humans and are commonly used in security systems. Ultrasonic sensors, on the other hand, use sound waves to detect movement and are often used in automatic door openers. Dual-technology occupancy sensors combine the features of both PIR and ultrasonic sensors, offering enhanced accuracy and reliability. Each of these sensors has its unique features and applications, contributing to the diversity and growth of the Global Occupancy Sensor Market.
Residential, Non-residential in the Global Occupancy Sensor Market:
The Global Occupancy Sensor Market caters to both residential and non-residential sectors. In residential settings, occupancy sensors are primarily used for energy conservation. They can automatically turn off lights and appliances when a room is unoccupied, helping to reduce energy consumption and lower utility bills. In non-residential settings, such as offices, hotels, and retail stores, occupancy sensors are used for both energy efficiency and security purposes. They can control lighting, heating, and cooling systems based on occupancy, leading to significant energy savings. Moreover, they can also enhance security by detecting unauthorized presence after working hours. The versatility and effectiveness of occupancy sensors make them a valuable tool in various sectors.
Global Occupancy Sensor Market Outlook:
Looking at the market outlook, the Global Occupancy Sensor Market is set for substantial growth in the coming years. In 2023, the market was valued at US$ 2055 million, and it is expected to more than double by 2030, reaching US$ 4275.1 million. This impressive growth can be attributed to the increasing demand for energy-efficient devices and the rising popularity of smart homes. Key players in the market, including Signify, Schneider Electric, Honeywell, and GE Current, hold about 40% of the global shares. The Asia Pacific and Europe are the leading markets, accounting for about 60% of the total market share. The most popular type of occupancy sensor is the PIR (passive infrared) Sensor, which holds over 50% of the market share.
| Report Metric | Details |
| Report Name | Occupancy Sensor Market |
| Accounted market size in 2023 | US$ 2055 million |
| Forecasted market size in 2030 | US$ 4275.1 million |
| CAGR | 10.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Signify, Schneider Electric, Honeywell, GE Current, Johnson Controls, Legrand, Crestron Electronics, Lutron Electronics, Acuity Brands, OPTEX, Leviton Manufacturing Co., Inc, Enerlites, Hubbell, ATSS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
