Occupancy sensors are increasingly utilized for various applications, including energy conservation, automatic control, and compliance with building codes. Among the different technologies used in occupancy sensors, passive infrared (PIR) is one of the most commonly employed. PIR sensors detect occupancy by sensing changes in infrared radiation emitted by human bodies. They are known for their reliability, cost-effectiveness, and ease of installation. PIR technology enables efficient human presence detection, allowing for automated lighting, heating, ventilation, and air conditioning (HVAC) control, resulting in energy savings and improved overall efficiency in various environments.
According to Data Bridge Market Research, the Global Intelligent Occupancy Sensor Market is expected to reach the value of USD 2.53 billion in 2021 and is expected to reach USD 24.91 billion by 2029, registering a CAGR of 33.10% during the forecast period of 2022-2029.
"Increasing usage in smart homes surge market demand"
The intelligent occupancy sensor market is experiencing significant growth driven by the increasing demand for lighting controllers in smart homes. The integration of occupancy sensors with smart lighting systems enables automated control and energy efficiency. Additionally, the prevalence of programmable sensors for HVAC systems and wireless occupancy sensors further boosts the market. Programmable sensors optimize HVAC operations based on occupancy, reducing energy consumption. Wireless occupancy sensors offer installation flexibility and expand the range of applications. These factors contribute to the market's positive growth trajectory.
What restraints the growth of the global intelligent occupancy sensor market?
"High initial costs can impede the market growth”
The high initial costs associated with these cutting-edge sensors are one of the major inhibitors in the global intelligent occupancy sensor market. Intelligent occupancy sensors require a larger upfront investment than conventional sensors, including the cost of the sensor itself, installation, and system integration. This may slow adoption, especially for people and businesses on a tight budget, delaying the widespread adoption of intelligent occupancy sensor technologies across a range of industries.
Segmentation: Global Intelligent Occupancy Sensor Market
The intelligent occupancy sensor market is segmented on the basis of operation, coverage area, building type, application, and network connectivity.
- On the basis of operation, the intelligent occupancy sensor market is segmented into indoor operation, outdoor operation
- On the basis of coverage area, the intelligent occupancy sensor market is segmented into less than 89°, 90–179°, 180–360°
- On the basis of building type, the intelligent occupancy sensor market is segmented into residential buildings, commercial buildings
- On the basis of network connectivity, the intelligent occupancy sensor market is segmented into wired network, wireless network
- On the basis of application, the intelligent occupancy sensor market is segmented into lighting systems, HVAC systems, security and surveillance systems, others.
Regional Insights: North America dominates the Global Intelligent Occupancy Sensor Market
North America holds a dominant position in the intelligent occupancy sensor market due to the region's focus on product innovation and advancements. The continuous development of new sensor technologies and the introduction of advanced features contribute to market growth. Moreover, the increasing adoption of intelligent occupancy sensors in residential and commercial building applications, driven by the need for energy efficiency and automation, further strengthens North America's market dominance. The region's supportive regulatory environment and the presence of key market players also contribute to its leading position in the intelligent occupancy sensor market.
Asia-Pacific is poised to experience significant growth in the intelligent occupancy sensor market due to increased construction activity in the region. Rapid urbanization, infrastructure development, and residential, commercial, and industrial building construction drive the demand for intelligent occupancy sensors. These sensors are vital in optimizing energy usage, enhancing automation, and improving overall building efficiency. The rising emphasis on sustainable and smart buildings further fuels the adoption of intelligent occupancy sensors in the Asia-Pacific region, contributing to its projected growth from 2022 to 2029.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-intelligent-occupancy-sensor-market
Recent Developments in Global Intelligent Occupancy Sensor Market
- In 2019, Eaton released the Trellix connected lighting platform. Trellix is a well-known open Internet of Things platform and infrastructure that links intelligent sensors to collect data on energy usage across a variety of sectors, including manufacturing, education, healthcare, and commercial offices.
- In 2019, American Industrial Partners purchased the Current business unit of General Electric. American Industrial Partners will sell the goods under the General Electric name until the transition is complete.
The Prominent Key Players Operating in the Global Intelligent Occupancy Sensor Market Include:
- Legrand. (France)
- Schneider Electric (France)
- Eaton (Ireland)
- Johnson Controls. (Ireland)
- ACUITY BRANDS LIGHTING, INC. (U.S.)
- Leviton Manufacturing Co., Inc. (U.S.)
- Lutron Electronics Co., Inc. (U.S.)
- Honeywell International Inc. (U.S.)
- Hubbell. (U.S.)
- Texas Instruments Incorporated. (U.S.)
- OSRAM GmbH. (Germany)
- Siemens (Germany)
- Enerlites, Inc. (U.S.)
- Pyrotech Electronics Pvt. Ltd. (India)
- Hager Ltd (Germany)
- Crestron Electronics, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global intelligent occupancy sensor market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Intelligent Occupancy Sensor Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
