SecurityWorldMarket

11/08/2020

Pandemic impacts occupancy sensor market

Northbrook, Il (USA)

A new report on the occupancy sensor market to 2025 by Marketsandmarkets include a COVID-19 impact analysis and projects the market size to grow at a CAGR of 13.3%, reaching USD 3.6 billion by 2025 from USD 1.9 billion in 2020. Increasing demand for energy-efficient devices and government policies towards energy saving are also factors driving market growth.

The researchers expect factors such as expected incorporation of lighting controllers with in-built data connectivity technology, promotion of green building by governments, and developments in vision-based intelligent occupancy sensor for HVAC systems to create growth opportunities for the market.

Passive infrared leads the way

Passive infrared-based sensors accounted for the largest share of the occupancy sensor market in 2019. Passive infrared-based sensors are effective in this role and the oldest among the occupancy detection technologies, and they are also cheaper when compared with other sensor technologies causing adoption to be higher. Passive infrared-based sensors are utilised widely in places where there are fewer hindrances and interruptions, such as small offices, corridors, and meeting places. Leading players offering passive infrared-based occupancy sensors include companies such as Legrand, Schneider, Johnson Controls.

Lighting systems account for largest application

The lighting system application is expected to lead the occupancy sensors market. Lighting control is the prime application area of occupancy sensors, and with the help of these sensors, over 60-70% of the costs related to lighting can be potentially saved. Apart from saving energy costs installing occupancy sensors for lighting and HVAC controls, consumers can also minimize installation and maintenance costs, which will help in the adoption of occupancy sensors for lighting system applications.

North America ahead geographically

The market in North America is projected by the analysts to experience an increase in traction during the forecast period due to the presence of several leading players such as Johnson Controls, Actuity Brands, Leviton Manufacturing. Other factors contributing to growth in this region include supportive government plans, laws, programmes, and associations.

Legrand, Schneider, Eaton, Johnson Controls, Signify, Actuity Brands, Leviton, Lutron, Honeywell, Hubbell, Texas Instruments, Osram, Siemens, Alan Manufacturing, Enerlites, Functional Devices, Crestron, Hager, Brück, and Pyrotech -Tempsens, are among the major companies mentioned in the report as operating in the occupancy sensors market.


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