Occupancy Sensor Market by Operation (Indoor operation, Outdoor operation), Coverage area (180–360°, 90–179°, Less than 90°), Building type, Network Connectivity, Technology, Application - Global Forecast 2024-2030
Description
Occupancy Sensor Market by Operation (Indoor operation, Outdoor operation), Coverage area (180–360°, 90–179°, Less than 90°), Building type, Network Connectivity, Technology, Application - Global Forecast 2024-2030
The Occupancy Sensor Market size was estimated at USD 3.85 billion in 2023 and expected to reach USD 4.17 billion in 2024, at a CAGR 9.41% to reach USD 7.22 billion by 2030.
Occupancy sensors refer to equipment or devices capable of detecting and monitoring the presence of individuals in a room. These sensors are used for energy efficiency purposes by controlling lighting, heating, and air conditioning systems based on the occupancy status. The primary end-use sectors include residential, commercial, industrial, and government infrastructures. Increased energy-saving requirements due to rising electricity costs and stringent governmental regulations are responsible for driving the utilization of the occupancy sensors. The demand for smart home automation systems with improved security measures also contributes to the industry’s expansion. Another vital factor is the rapid urbanization coupled with technological advancements that have introduced innovative applications such as integrated building management systems (IBMS) and the Internet of Things (IoT). High installation costs associated with complex integration procedures may impact their widespread adoption across different industries. Furthermore, concerns related to data privacy issues might hamper customer trust in the adoption of these devices. However, major companies and manufacturers are constantly investing in innovations to improve data protection and enhance privacy. Areas such as machine learning algorithms and advanced data analytics techniques can help enhance the accuracy of occupancy sensors while reducing false triggering instances.
Regional Insights
The occupancy sensor market is experiencing significant growth globally, driven by various factors such as supportive government policies, green building initiatives, and advancements in technology. In the United States, due to supportive government regulations aimed at energy conservation and increasing demand for smart home automation, the occupancy sensors have been gaining traction. Such regulations aim to achieve improvements in energy efficiency in commercial buildings through utilization of advanced lighting control, thereby necessitating the deployment of enhanced occupancy sensors throughout the Americas. Additionally, increased investments in smart city projects are contributing to the adoption of occupancy sensors in the Americas region. European Union countries have implemented strict legislation on building energy performance and carbon emissions reduction. Increased focus on energy efficiency, rapid advancements in technology, supportive government policies, and a growing awareness of environmental sustainability have driven the demand for efficiency occupancy sensors. China's robust economic growth creates a substantial demand for occupancy sensors due to its ongoing development of smart cities. Japan's continuous investments in advanced automation and smart technologies, coupled with government initiatives such as Society 5.0, foster growth opportunities. Moreover, India presents a promising outlook for occupancy sensor adoption, driven by the national Smart City Mission that aims to develop sustainable urban centers across the country.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Occupancy Sensor Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing Demand for Energy-Efficient Devices and Rising Energy Prices
- Government Regulations and Policies for Energy Saving
- Rapid Urbanization and Trend of Smart Homes
- Market Restraints
- False Triggering of Switch and Inconsistency Issues
- Market Opportunities
- Introduction of Advanced Occupancy Sensors
- Emergence of Configurable and Programmable Sensors for HVAC Systems
- Market Challenges
- Expensive Option for Small Area Applications and Requirement of Multiple Adjustments
- Market Segmentation Analysis
- Operation: Occupancy sensors improving energy efficiency in indoor and outdoor setting
- Network connectivity: Advancements in network connectivity leading to improved accessibility
- Technology: Presence of diverse occupancy sensors based on different technologies driving adoption in various industries
- Application: Utilization of occupancy sensors to drive comfort, improve energy savings and enhance security
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Occupancy Sensor Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Occupancy Sensor Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- XY Sense Announces New Proprietary Detection Algorithm with Market-Leading Accuracy
XY Sense introduced a new proprietary detection algorithm that improves accuracy in occupancy sensors. This algorithm has been designed to deliver superior results in detection and estimation. With XY Sense's advanced algorithm, customers can receive an enhanced experience due to its higher accuracy.
Silicon Labs enables Yeelight to quickly launch its first Matter-enabled occupancy sensor
Silicon Labs and Yeelight launched their occupancy sensor, which is powered by Matter. The solution makes use of Silicon Labs' low-power MG24 2.4GHz wireless SoC, and enable higher customer attraction and retention. This partnership allows Yeelight to efficiently introduce an advanced and energy-efficient occupancy sensor to customers.
XY Sense Gets US$10M To Meet Rising Demand For Occupancy Sensor & Analytics Platform
XY Sense secured a significant investment of USD 10 million to address the growing demand for its cutting-edge occupancy sensor and analytics platform. This substantial funding enable the company to enhance the accessibility and availability of its innovative solutions, ensuring that businesses can effectively monitor their space usage.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Occupancy Sensor Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Occupancy Sensor Market, highlighting leading vendors and their innovative profiles. These include Accu-Tech Lighting Solutions, Acuity Brands, Inc., Alan Manufacturing, Inc., Analog Devices, Inc., Density Inc., Eaton Corporation PLC, Enerlites, Inc., Enlighted, Inc. by Siemens SE, General Electric Company, Honeywell International Inc., Hubbell Incorporated, Johnson Controls International PLC, Legrand SA, Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Novelda AS., Panasonic Corporation, PointGrab Inc., Schneider Electric SE, SensorLogic, Inc., Signify N.V., TE Connectivity Ltd., Telkonet, Inc., Texas Instruments Incorporated, and Verdigris Technologies.
Market Segmentation & Coverage
This research report categorizes the Occupancy Sensor Market to forecast the revenues and analyze trends in each of the following sub-markets:- Operation
- Indoor operation
- Outdoor operation
- Coverage area
- 180–360°
- 90–179°
- Less than 90°
- Building type
- Commercial Buildings
- Education Buildings
- Healthcare Buildings
- Industrial Buildings
- Office Buildings
- Residential Buildings
- Apartments
- Independent Homes
- Network Connectivity
- Wired Network
- Wireless Network
- Enocean
- Wi-fi
- Z-wave
- Zigbee
- Technology
- CO2 Sensor
- Doppler Sensor
- Dual Technology
- Image Processing Occupancy Sensor
- Intelligent Occupancy Sensor
- Microwave-based Occupancy Sensor
- Passive Infrared
- Ultrasonic
- Application
- HVAC Systems
- Lighting Systems
- Security & Surveillance Systems
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Commercial Buildings
- Market Drivers
Table of Contents
196 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing Demand for Energy-Efficient Devices and Rising Energy Prices
- 5.1.1.2. Government Regulations and Policies for Energy Saving
- 5.1.1.3. Rapid Urbanization and Trend of Smart Homes
- 5.1.2. Restraints
- 5.1.2.1. False Triggering of Switch and Inconsistency Issues
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of Advanced Occupancy Sensors
- 5.1.3.2. Emergence of Configurable and Programmable Sensors for HVAC Systems
- 5.1.4. Challenges
- 5.1.4.1. Expensive Option for Small Area Applications and Requirement of Multiple Adjustments
- 5.2. Market Segmentation Analysis
- 5.2.1. Operation: Occupancy sensors improving energy efficiency in indoor and outdoor setting
- 5.2.2. Network connectivity: Advancements in network connectivity leading to improved accessibility
- 5.2.3. Technology: Presence of diverse occupancy sensors based on different technologies driving adoption in various industries
- 5.2.4. Application: Utilization of occupancy sensors to drive comfort, improve energy savings and enhance security
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 5.8. Client Customization
- 6. Occupancy Sensor Market, by Operation
- 6.1. Introduction
- 6.2. Indoor operation
- 6.3. Outdoor operation
- 7. Occupancy Sensor Market, by Coverage area
- 7.1. Introduction
- 7.2. 180–360°
- 7.3. 90–179°
- 7.4. Less than 90°
- 8. Occupancy Sensor Market, by Building type
- 8.1. Introduction
- 8.2. Commercial Buildings
- 8.3. Residential Buildings
- 9. Occupancy Sensor Market, by Network Connectivity
- 9.1. Introduction
- 9.2. Wired Network
- 9.3. Wireless Network
- 10. Occupancy Sensor Market, by Technology
- 10.1. Introduction
- 10.2. CO2 Sensor
- 10.3. Doppler Sensor
- 10.4. Dual Technology
- 10.5. Image Processing Occupancy Sensor
- 10.6. Intelligent Occupancy Sensor
- 10.7. Microwave-based Occupancy Sensor
- 10.8. Passive Infrared
- 10.9. Ultrasonic
- 11. Occupancy Sensor Market, by Application
- 11.1. Introduction
- 11.2. HVAC Systems
- 11.3. Lighting Systems
- 11.4. Security & Surveillance Systems
- 12. Americas Occupancy Sensor Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Occupancy Sensor Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Occupancy Sensor Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. XY Sense Announces New Proprietary Detection Algorithm with Market-Leading Accuracy
- 15.3.2. Silicon Labs enables Yeelight to quickly launch its first Matter-enabled occupancy sensor
- 15.3.3. XY Sense Gets US$10M To Meet Rising Demand For Occupancy Sensor & Analytics Platform
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
Pricing
Currency Rates
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