Occupancy Sensor Market is Projected to Reach USD 6.33 Billion By 2025, Growing at a CAGR of 18.7% From 2018 to 2025

Global Occupancy Sensor Market Analysis

According to Verified Market Intelligence, The Global Occupancy Sensor Market was valued at USD 1.61 billion in 2017 and is projected to reach USD 6.33 billion by 2025, growing at a CAGR of 18.7% from 2018 to 2025.

What is Occupancy Sensor?

Occupancy sensors, also known as vacancy sensors are the devices that are used to turn on and off the lights or HVAC system automatically in order to save energy. Usage of occupancy sensors in the residential and commercial area is a smart and easy way to efficiently use and save energy. Different types of occupancy sensors include an ultrasonic sensor, microwave sensor, passive infrared sensor and many more. These sensors reduce energy consumption and control the wastage of energy in various residential and commercial building applications. Occupancy sensors offer long-term cost benefits to its consumers that boosts the growth of occupancy sensors market.

Global Occupancy Sensor Market Outlook

Rising demand for energy-efficient devices, fluctuating electricity and gas prices and advancement in wireless technologies drives the global occupancy sensors market. on the other hand, irregularity concerns associated with wireless network system and time out impact on energy saving might hinder the overall growth at a global level.

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Global Occupancy Sensor Market Competitive Landscape

The “Global Occupancy Sensor Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Honeywell International, Eaton Corporation, Schneider Electric, Legrand Inc., Leviton Electronic Co. Ltd, Philips Ltd, Hubbel Automation Inc., Johnson Controls GmbH, Pammvi Group, Lutron Electronics, General Electric, and Texas Instruments Incorporated. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Global Occupancy Sensor Market Segmentation, by Technology

Passive Infrared
Ultrasonic
Dual Technology
Other


Global Occupancy Sensor Market Segmentation, by Network Connectivity

Wired
Wireless


Global Occupancy Sensor Market Segmentation, by Coverage Area

Less than 89 Degree
90 Degree–179 Degree
180 Degree–360 Degree

Global Occupancy Sensor Market Segmentation, by Application

Lighting Control
Security Surveillance
HVAC

Global Occupancy Sensor Market Segmentation, by Operation

Indoor Operation
Outdoor Operation

Global Occupancy Sensor Market Segmentation, by Building Type

Residential Buildings
Commercial Buildings

Global Occupancy Sensor Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

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This release was published on openPR.