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Occupancy Sensor Market Projected to Reach $4.67 Billion by 2020

Players involved in the development of the occupancy sensor market include Acuity Brands, Inc. (U.S.), Eaton Corporation Plc. (Ireland), Honeywell International, Inc. (U.S.), Hubbell Inc. (U.S.), Johnson Controls, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Legrand S.A. (France), Leviton Manufacturing Company, Inc. (U.S.), Lutron Electronics Company, Inc. (U.S.), and Schneider Electric SE (France).

The occupancy sensor market is expected to grow at a CAGR of 18.36% from 2014 to 2020. The growth is mainly due to an increasing use of occupancy sensor in applications such as education, healthcare, hospitality, industrial, residential, and retail. Geographically, the market is covered by North America (U.S., Canada, and Mexico), Europe (U.K., France, Russia, and others), APAC (China, India, Japan, South Korea, and others) and Rest of the World (Latin America, Middle East, Africa, and others). Among all these regions, the APAC region is expected to exhibit a high growth rate compared to other regions. The reason for APAC’s high growth is the development of construction and real estate sectors in developing countries such as India and China.

Browse 70 market data tables and 67 figures spread through 195 pages and in-depth TOC on “Occupancy Sensor Market - Analysis and Forecast to 2013 - 2020”

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Energy saving has become an inevitable need of today’s society. Many technologies influence our daily life with regards to protecting the environment and saving energy. One of them is the occupancy sensing technology. Around 30-50% electricity in a building is used for the lighting or illumination and HVAC (Heating, Ventilation and Air-conditioning) systems. There is a great potential to reduce the energy consumption by mounting occupancy sensors in buildings.

An occupancy sensor is a lighting module that identifies the presence of people in a specified area and accordingly turns the lights on or off automatically. It uses infrared, ultrasonic or a combination of these technologies for these processes. These sensors help save energy and increase the efficiency with regards to the usage of lights. Recent advancements in occupancy sensors such as image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and micro-phonics in the manufacturing of occupancy sensors made it possible to grab more market share in various fields. The key applications of occupancy sensors are in residential, commercial, educational, healthcare, retail and hospitality buildings. The largest application of occupancy sensors is in residential and commercial buildings due to a massive growth in the construction sector in various regions across the globe. The technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of products and systems, along with greater reliability. Highlighting features of occupancy sensors include high efficiency, cost, and energy saving.

The major driving factor helping the occupancy sensor market to grow includes an increasing demand for energy efficient devices, favorable government policies regarding energy saving, and development of most accurate and efficient sensors. Restraining factors for the market includes false triggering of switch by sensors, and incompatibility issues with regards to wireless network systems. A major opportunity with regards to occupancy sensors includes increasing the effectiveness by implementing IPOS.

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The overall market is segmented into five major segments- technology, network, component, application, and geography. All the segments are separately classified in the report. The occupancy sensor market is expected to grow at a CAGR of 18.36% from 2014 to 2020.

Scope of the report

This research report categorizes the occupancy sensor market based on the analyses of technologies, networks, components, applications, and regions.

Based on Technology

The occupancy sensor market is segmented on the basis of the detection technology which includes passive infrared (PIR), ultrasonic, and dual technology(PIR and ultrasonic), and others. Other technologies include microwave, image processing occupancy sensor (IPOS), and intelligent occupancy sensor (IOS).

Based on Network Connectivity

The occupancy sensor market is segmented on the basis of network connection that is wired and wireless. The wireless segment is further sub-segmented by the wireless technologies,which include ZigBee, Z-Wave, EnOcean, and Wi-Fi.

Based on Component

The occupancy market is also sub-segmented on the basis of components involved in the development of occupancy sensing.

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