AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global $4.84Bn Occupancy Sensor Market Insights, Trends and Opportunities, 2019-2024 - ResearchAndMarkets.com

November 22, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 22, 2019--

The “Occupancy Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global occupancy sensor market reached a value of US$ 2.02 Billion in 2018. Looking forward, the publisher expects the market to reach a value of US$ 4.84 Billion by 2024, registering a CAGR of around 16% during 2019-2024.

The growing demand for energy-efficient devices, along with the cost-effectiveness of these sensors, is the key factor driving the growth of the market. Occupancy sensors play an essential role in minimizing energy consumption and assist in reducing light pollution created in both indoor and outdoor spaces.

Furthermore, the development of smart cities is another major growth-inducing factor. These sensors are utilized with intelligent parking solutions to check the status of each parking space and manage traffic congestion effectively. Additionally, rising awareness of energy-saving systems has enhanced the adoption of these sensors for accurate movement detection and reliable triggering. For instance, vending machines equipped with passive infrared sensors light up only when a customer is standing or waving in front of the panel.

Moreover, technological advancements in micro-phonics, image processing and intelligent occupancy sensors are positively impacting the growth of the market. Other factors creating a positive outlook for the industry include rising disposable incomes and growing urbanization across the globe, coupled with the favorable government initiatives to encourage energy efficiency.

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International, Eaton Corporation, Schneider Electric, Legrand, Acuity Brands, Leviton Manufacturing, Pammvi Group, General Electric, Koninklijke Philips N.V., Hubbell Building Automation, Texas Instruments, Johnson Controls, Lutron Electronics, etc.

Key Questions Answered in this Report

  • How has the global occupancy sensor market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global occupancy sensor industry?
  • What is the breakup of the market based on the network type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the building type?
  • What is the breakup of the market based on the coverage area?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global occupancy sensor industry?
  • What are the key driving factors and challenges in the global occupancy sensor industry?
  • What is the structure of the global occupancy sensor industry and who are the key players?
  • What is the degree of competition in the global occupancy sensor industry?

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Occupancy Sensor Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Network Type

5.4 Market Breakup by Technology

5.5 Market Breakup by Building Type

5.6 Market Breakup by Coverage Area

5.7 Market Breakup by Application

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup by Network Type

6.1 Wired

6.2 Wireless

7 Market Breakup by Technology

7.1 Passive Infrared

7.2 Ultrasonic

7.3 Dual Technology

7.4 Others

8 Market Breakup by Building Type

8.1 Residential

8.2 Commercial

9 Market Breakup by Coverage Area

9.1 Less Than 89 Degree

9.2 90 Degree-179 Degree

9.3 180 Degree-360 Degree

10 Market Breakup by Application

10.1 Lighting Control

10.2 HVAC

10.3 Security Surveillance

11 Market Breakup by Region

11.1 North America

11.2 Europe

11.3 Asia-Pacific

11.4 Middle East & Africa

11.5 Latin America

12 SWOT Analysis

12.1 Overview

12.2 Strengths

12.3 Weaknesses

12.4 Opportunities

12.5 Threats

13 Value Chain Analysis

14 Porter’s Five Forces Analysis

14.1 Overview

14.2 Bargaining Power of Buyers

14.3 Bargaining Power of Suppliers

14.4 Degree of Competition

14.5 Threat of New Entrants

14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

16.3.1 Honeywell International

16.3.2 Eaton Corporation

16.3.3 Schneider Electric

16.3.4 Legrand

16.3.5 Acuity Brands

16.3.6 Leviton Manufacturing

16.3.7 Pammvi Group

16.3.8 General Electric

16.3.9 Koninklijke Philips N.V.

16.3.10 Hubbell Building Automation

16.3.11 Texas Instruments

16.3.12 Johnson Controls

16.3.13 Lutron Electronics

For more information about this report visit https://www.researchandmarkets.com/r/cdh07e

View source version on businesswire.com:https://www.businesswire.com/news/home/20191122005167/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/22/2019 05:22 AM/DISC: 11/22/2019 05:22 AM

http://www.businesswire.com/news/home/20191122005167/en