Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025 - PowerPoint PPT Presentation

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Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025

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The occupancy sensor market is projected to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024, at a CAGR of 12.3% from 2019 to 2024. The growth of the occupancy sensor market is driven by factors such as increasing need for energy-efficient lighting controls and the growing popularity of smart homes. On the other hand, the rising trend of green buildings across the world is among the major factors that are likely to create growth opportunities for the market. – PowerPoint PPT presentation

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Title: Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025


1
MarketsandMarkets Presents

Occupancy Sensor Market Global Industry
Analysis to Witness Significant Growth During
2019-2025 Occupancy Sensor Market by Technology
(PIR, Ultrasonic, Dual), Network Connectivity
(Wired Wireless), Coverage Area (Less than 89,
90179, 180360), Application, Building Type
(Residential, Commercial) and Geography - Global
Forecast to 2024 https//www.marketsandmarkets.c
om/Market-Reports/occupancy-sensor-market-3859894.
html
2
The occupancy sensor market is projected to grow
from USD 2.2 billion in 2019 to USD 3.9 billion
by 2024, at a CAGR of 12.3 from 2019 to 2024.
The growth of the occupancy sensor market is
driven by factors such as increasing need for
energy-efficient lighting controls and the
growing popularity of smart homes. On the other
hand, the rising trend of green buildings across
the world is among the major factors that are
likely to create growth opportunities for the
market. The passive infrared-based occupancy
sensors accounted for the largest share of
occupancy sensor market in 2018. These sensors
are affordable and consume lower power than the
other two technologies, which makes more it
suitable for wireless network connectivity. Brows
e 87 market data Tables and 52 Figures spread
through 181 Pages and in-depth TOC on "Occupancy
Sensor Market - Global Forecast to 2024"
3
The occupancy sensor market for 180360
coverage area is expected to account for the
highest share during the forecast period. There
is a strong demand for higher coverage area
occupancy sensors as a single occupancy sensor
can be installed in large rooms such as large
office floors, conference rooms, and classrooms,
whereas 89 and 90179 coverage area-based
sensors are used mostly in smaller spaces due to
their limited field of view. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id3859894 The occupancy sensor
market for residential building type is expected
to grow at the highest CAGR during the forecast
period. In the current market scenario, most
house owners prefer their residences to be
installed with the latest technologies, which
also help them manage energy usage and minimize
the cost. Moreover, growing awareness regarding
home automation and smart homes among occupants
are expected to drive the occupancy sensor market
for residential buildings.
4
North America led the global occupancy sensors
market in 2019. The demand for occupancy sensors
in North America for commercial and residential
buildings is more than other geographies. This
demand is attributed to the value chain for the
occupancy sensors market being well-organized and
well-managed in the region. The US continues to
remain the largest market for occupancy sensors
across the region. The occupancy sensor market in
the US is primarily driven by supportive
government plans and the presence of key players
in the country, along with their
offerings. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id3859894 Legrand (France),
Schneider Electric (France), Eaton (Ireland),
Johnson Controls (US), Signify (Netherlands),
Actuity Brands (US), Leviton Manufacturing (US),
Lutron Electronics (US), Honeywell (US), Hubbell
Incorporated (US), Texas Instruments (US), OSRAM
LICHIT AG (Germany), SIEMENS (Germany),  Alan
Manufacturing (US), Enerlites (US), Functional
Devices (US), Crestron Electronics (US), Hager
Group (Germany), Brück Electronic (Germany), and
Pyrotech- Tempsens Group (India) are among the
major companies operating in the occupancy
sensors market.
5
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