Wired Occupancy Sensors Market 2022-2027 skyrocketed revenue with key players Google Inc., Leica Geosystems AG, Trimble Inc., Topcon Corporation

Latest research on Wired Occupancy Sensors Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Wired Occupancy Sensors market. This report included a special section on the Impact of COVID19. Also, Wired Occupancy Sensors Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Wired Occupancy Sensors industry.

The wired occupancy sensors market was valued at USD 2.15 billion in 2020 and is expected to reach USD 6.57 billion by 2026, at a CAGR of 7% over the forecast period 2021 - 2026.

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The Wired Occupancy Sensors market is highly competitive and consists of a number of major players. Top Companies like Google Inc., Leica Geosystems AG, Trimble Inc., Topcon Corporation, NovAtel Inc., Javad GNSS Inc., Teledyne Optech, Mitsubishi Corporation, Immersive Media Co., MapJack, Cyclomedia Technology B.V., Tele Atlas Survey BV

Industry News And Developments:

January 2019, at CES 2019, EnOcean, the world leader in energy harvesting technology launched a new ceiling-mounted solar-powered occupancy sensor (PIR) for Bluetooth lighting control systems communicating via Bluetooth Low Energy (BLE).

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Wired Occupancy Sensors market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Wired Occupancy Sensors Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Wired occupancy sensors have gone through several technological advancements since their development due to the continuous demand in the market for energy saving devices. This is achieved through the sensors, which shut down devices and other equipment on the basis of occupancy. These sensors help in reducing light pollution and they can be used for indoor and outdoor spaces.

- Energy saving has been crucial for growth in any economy, as a result of which the governments are also coming with several policies to save energy. Combining with other technologies and efficient lighting, it can help to save up to 30% of energy.

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Key Market Trends

Applications in Hotel and Hospitality to Hold a Significant Share

- With the increase in travelling population, the demand for accommodating hotels has increased, and with increasing hotel construction, the segment will further drive the market growth.

- Moreover, a smart city initiative, which includes smart buildings can create an efficient and intelligent services delivery platform for public and municipal workers by installing sensors all over the cites, (eg, in buildings, colleges, hotels, households, etc.,) and to create platforms that allow the share of information and give it for proper use to the public, city managers, businesses, and professionals. This platform also provides significant potential for market growth.

- Besides, energy consumption and wastage at hotels are one of the significant concerns, representing 3% to 6% of hotel operating costs and accounting for approximately 60% of its CO2 emissions, according to Energy Solutions. The primary cause of energy consumption could be technical, architectural, etc. The installation of the occupancy sensor resolves the energy wastage concern.

North America to Account for a Major Share

- 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 which has boosted the demand of occupancy sensor in the region.

- Latest advancements in occupancy sensors such as image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics in the manufacturing of occupancy sensors have led to an increase in the market share of these sensors in a variety of fields.

- The key applications of occupancy sensors are in residential, commercial, educational, healthcare, retail, and hospitality buildings. Occupancy sensors are most widely used in residential and commercial buildings due to the massive growth in the construction sector in various regions across the globe.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: Wired Occupancy Sensors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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