Wired Occupancy Sensors Market

Wired Occupancy Sensors Market Size, Forecast (2023-2028)

The Global Wired Occupancy Sensors Market size was worth approximately USD 2.15 billion in 2022 and are likely to register a CAGR above 7% during the forecast period 2023 - 2028 to reach around USD 6.57 billion by the end of 2028.

Market Overview:

Wired occupancy sensors are the type of sensors that are installed at one particular place, and it gives constant feedback which automatically turns lights off when entering or leaving a specific room. They help save energy and have better connectivity in terms of power usage. 

Wired occupancy sensors witnessed several technological advancements since their development due to the continuous demand in the market for energy-saving applications. This can be achieved with the aid of sensors as they shut down machines and other equipment based on occupancy. These sensors often reduce light pollution, and therefore, can be appropriate for indoor and outdoor spaces.

Recent Developments in Wired Occupancy Sensors Industry:

• London (United Kingdom) and Rueil-Malmaison (France), January 29, 2020 – Schneider Electric Solar Spain S.A., the Spanish entity of the Schneider Electric solar business division, has entered into a strategic alliance with Qbera Capital LLP, a number one asset management & independent advisory firm, to further support solar power growth across selected frontier & emerging markets.
• Power management leader Eaton and the renowned electric vehicle charging stations provider Green Motion collaborated recently to enable a smooth integration of electric vehicle chargers in commercial buildings, residential housing, and shopping malls. A combined smart EV charging and energy storage solution allows building owners to access the facility capacity required to put in the EV charging infrastructure they need.
• Leviton launched the HLC Keypad Room Controller for its Universal Powerline Bus (UPB) lighting control product family. The HLC Keypad Room Controller, available in white or light almond, is meant to be a coordinated room or house controller for the HLC line which incorporates dimmers, switches, plug-in modules, and hard-wired load controls. The HLC line has historically included two separate rooms or house controllers. Still, this advanced HLCK6 offering provides versatile control options and improves the looks with an up-to-date form factor and smooth backlit buttons that accommodate Decora Wallplates.

Drivers:

Energy-saving has become crucial nowadays for the development of any economy; as a result, the government in several nations is additionally coming with several policies to save lots of energy. Combining with other technologies and efficient lighting, it can help to save lots of up to 30% of energy. The rising construction within the land sector has started installing occupancy sensors in most places, like washrooms, to save lots of power, which is another primary driver for the global occupancy sensors market. The critical applications of occupancy sensors are in residential, commercial, educational, healthcare, retail, and hospitality buildings. Occupancy sensors are increasingly being adopted in residential and commercial buildings thanks to the enormous growth within the construction sector in various regions across the world. In general, guests forget to turn off the lights in rooms when not in use; therefore, to deal with this issue, it is necessary to install occupancy sensors in every room, washrooms, etc. So, when an individual enters an area, the light will activate automatically, and it'll turn off simultaneously when the person moves out of the space, which may help development in growing the occupancy sensor market, thanks to its computing model.

Restraints:

However, the global wired occupancy sensors market is predicted to face some hindrances due to the complicated installation process and lack of interoperability of wired occupancy sensors, which might be a challenge. Besides, increasing the adoption of wireless sensors is additionally expected to seize the share of wired occupancy sensors.

REPORT COVERAGE:

Wired Occupancy Sensors Market Segmentation Analysis:

By Type:

• Ultrasonic
• Infrared (IR)
• Ultrasonic + Passive Infrared (PIR)

by Application:

• Residential
• Corporate Offices
• Hotels
• Educational
• Industrial
• Medical and Healthcare
• Consumer Electronics
• Other Applications

With the rise in the traveling population, the demand for accommodating hotels has increased, and with growing hotel construction, the segment will further drive the market growth.

Moreover, a sensible city initiative that incorporates smart buildings can create an efficient and intelligent services delivery platform for both public and municipal workers with the installation of sensors and making platforms that allow the share of data and provide it for correct use to the general public, city managers, businesses and professionals. This platform also offers significant potential for market growth.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Region Analysis:

North America wired occupancy sensors market is especially driven by a better specialization in innovations and advancements in occupancy sensors like image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics, which has boosted the demand of occupancy sensor within the region. The US wired occupancy sensors market is leading the region thanks to development in various sectors, like commercial and residential. The increase within the rise of wireless network infrastructure is driving the expansion within the home automation, which helps the expansion of wired occupancy sensors market in this area. Similarly, the growing demand for HVAC systems within the US region is anticipated to play an important role during the forecast period.

Southeast Asia, Japan, China, and are also predicted to witness vigorous growth within the Asia Pacific wired occupancy sensors market in the near future, attributing to the increased adoption and investments towards smart buildings and smart cities.

Key Players in the Market:

Major Key Players in the Global Wired Occupancy Sensors Market are

• Honeywell
• Schneider Electric
• Eaton
• Leviton
• Cooper Industries
• GE
• Philips
• Hubbell Automation
• Texas Instruments
• Johnson Controls
• Lutron Electronics
• Pammvi Group
• Acuity Brands