DUBLIN--(BUSINESS WIRE)--The "Occupancy Sensors Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Occupancy Sensor Market is expected to witness a CAGR of 13.72% over the forecast period, to grow to US$5.317 billion by 2023, increasing from US$2.795 billion in 2018
Occupancy Sensor detects the occupancy of the space and performs necessary actions like turning the lighting or HVAC (Heating, Ventilation, and Air Conditioner) systems on or off, automatically. Increasing awareness regarding energy conservation is increasing the application of these sensors in various smart homes and commercial buildings. The long-term cost benefits offered by these sensors on account of reduced energy wastage and longer life of systems, along with the excellent user experience offered by these advanced systems, is a major factor responsible for the market growth.
The rapid growth of the automotive industry in many regions is fuelling the adoption of many new and advanced technologies by the automakers to provide a better experience for car occupants. This has increased the application of occupancy sensors in this industry, thereby contributing to market growth.
Continuous advancements in technologies are improving the sensing abilities and overall performance of these sensors, which will continue to drive their adoption among end-user industries over the forecast period. Americas hold the largest share in the global occupancy sensor market owing to the early adoption of this technology in North America. The Asia-Pacific is expected to show the highest CAGR over the projected period, owing to the rapid growth of end-user industries in this region, which will drive with them the market for occupancy sensors.
The competitive intelligence and company profiles sections deal with major players in the market, their market shares, growth strategies, products, financials, and recent investments, among others.
Key industry players profiled as part of this section are Leviton Manufacturing Company, Lutron Electronics, Acuity Brands, Legrand, and Schneider Electric, among others.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter's 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. Occupancy Sensor Market Forecast by Sensor Type (US$ billion)
5.1. Passive Infrared
5.3. Dual Technology
6. Occupancy Sensor Market Forecast by Application (US$ billion)
6.3. Security and Surveillance
7. Occupancy Sensor Market Forecast by End-User (US$ billion)
8. Occupancy Sensor Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies of Key Players
10. Company Profiles
- Leviton Manufacturing Company
- Lutron Electronics
- Acuity Brands
- Schneider Electric
- Cooper Industries
- Eaton Corporation plc
- General Electric Company
For more information about this report visit https://www.researchandmarkets.com/research/dlsrw2/global_occupancy?w=4