Occupancy Sensors Market Forecasts to 2028 | Drivers and Opportunities | Honeywell, Schneider Electric, Johnson Controls

According to Stratistics MRC, the Global Occupancy Sensors Market is accounted for $1.90 billion in 2020 and is expected to reach $5.93 billion by 2028 growing at a CAGR of 15.3% during the forecast period. Factors such as rising penetration of energy efficient devices, increasing number of smart homes, and growing demand for energy-efficient devices are driving the market growth. However, inconsistency issues associated with the wireless network systems is hampering the growth of the market.

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Based on the end user, the non-residential buildings segment is anticipated to expand at a rapid pace during the forecast period which can be attributed to the growing awareness of home automation and smart homes among occupants. By geography, North America is going to have high growth during the forecast period owing to the well organized and well managed value chain in the region which simplifies the overall ordering and installation process.

Some of the key players profiled in the Occupancy Sensors Market include Honeywell, Schneider Electric, Johnson Controls, Osram Lichit AG, Eaton, Siemens, Texas Instrument, Enerlites Inc, Leviton Manufacturing, Signify, Bruck Electronic GmbH (B.E.G), Hager Group, Crestron Electronics, Hubbell Incorporated, Lutron Electronics, Pyrotech-Tempsens Group, and Alan Manufacturing Inc.

Operations Covered:
• Outdoor Operation
• Indoor Operation

End Users Covered:
• Non-Residential Buildings
• Residential Buildings   

Network Connectivities Covered:
• Wired Network
• Wireless Network 

Coverage Areas Covered:
• 180–360°
• 90–179°
• Less Than 90°

Technologies Covered:
• Passive Infrared (PIR)
• Ultrasonic
• Dual Technology (Passive Infrared + Ultrasonic)
• Other Technologies 

Applications Covered:
• Heating, Ventilation, and Air Conditioning (HVAC) Systems
• Lighting Systems
• Security and Surveillance Systems

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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