The global Occupancy Sensor market was valued at 2041.42 Million
USD in 2021 and will grow with a CAGR of 10.55% from 2021 to 2027,
based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Occupancy sensors are devices that detect when a space is unoccupied and accordingly automatically turn OFF (or dim) the lights, thereby saving energy. The device may also turn the lights ON automatically upon detecting the presence of people, providing convenience and a potential security aid. According to the Lawrence Berkeley National Laboratory, occupancy-based strategies can produce average lighting energy savings of 24%.Due to their relative simplicity and high energy-savings potential, coupled with energy code mandates, these sensors are a staple in new construction. They are also a common control feature in retrofit projects. Global occupancy sensor market key players include Signify, Schneider Electric, Honeywell and GE Current, they hold about 40% of global shares. Asia Pacific and Europe are the key market, have a share about 60%. PIR (passive infrared) Sensors is the key type, with a share over 50%. Non-residential application is the mainstream, which occupies about 70% of the global market.
By Market Vendors:
Leviton Manufacturing Co., Inc
PIR (passive infrared) Sensors
Dual-technology Occupancy Sensors
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report
includes Global & Regional market status and outlook 2016-2027.
Further the report provides break down details about each region
& countries covered in the report. Identifying its sales, sales
volume & revenue forecast. With detailed analysis by types and
Market Trends: Market key trends which include
Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing
Demands and New Technology
Porters Five Force Analysis: The report provides
with the state of competition in industry depending on five basic
forces: threat of new entrants, bargaining power of suppliers,
bargaining power of buyers, threat of substitute products or
services, and existing industry rivalry.
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To understand the future outlook and prospects for the market.
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