Wireless Occupancy Sensors Market Scope and Forecast By 2021 to 2026: Top Key Players- Honeywell International, Schneider Electric, Eaton Corporation, Legrand

Latest released, the research study on Global Wireless Occupancy Sensors Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Wireless Occupancy Sensors Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Wireless Occupancy Sensors. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Honeywell International, Schneider Electric, Eaton Corporation, Legrand, Leviton, General Electric, Philips and among others.

The wireless occupancy sensors market is expected to register a CAGR of 18.3% over the forecast period (2021 - 2026). 

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Industry Updates:

- Jan 2019 - At CES 2019 in Las Vegas, EnOcean, the world leader in energy harvesting wireless technology launched a new ceiling-mounted solar-powered occupancy sensor (PIR) for Bluetooth lighting control systems communicating via Bluetooth Low Energy (BLE). It will be the first self-powered Bluetooth occupancy sensor on the market integrating EnOceans field-proven energy harvesting technology and offering the best customer experience by being maintenance-free, freely positionable, highly flexible with easy installation.

Key Market Trends

Smart City Initiatives to Stimulate the Growth of Wireless Occupancy Sensor Market

- The trend of urbanization is growing worldwide, and according to the United Nations, Department of Economic and Social Affairs, 60% of the population will be living in cities by 2050. With more population shifting to urban areas, cities across the world will be in trend to develop the smart city, which will enhance the growth of the market.
- A smart city can create an efficient and smart services delivery platform for public and municipal workers by installing sensors in the city and to create platforms that allow the share of information and give it for proper use to the public, city managers, businesses and professionals. The platform can have a typical data warehouse where different sensor system stores its information.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America to Account for a Significant Market Share

- The demand in North America is mainly driven by a higher focus on innovations and advancements in occupancy sensors such as image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics.
- The largest industry of occupancy sensors is in residential and commercial buildings due to massive growth in the construction sector in this region. The technology has a significant role to play in this sector due to the cost-effective matrix and results in a longer life cycle of products and systems, along with more excellent reliability.
- The United States is leading the market due to development in various sectors, such as commercial and residential and increase in the rise of wireless network infrastructure is driving the growth in the home automation, which is helping in the growth of occupancy sensor market. Similarly, the growing demand for HVAC systems in the US region is anticipated to play a crucial role in this market.

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