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Global Wireless Occupancy Sensors Market segmentation by Application (Lighting Control, HVAC, Security & Surveillance) by Building type (Residential buildings, Commercial buildings) by End-user industry (Industrial, Aerospace and Defence, Healthcare, Consumer Electronics, others) and Region Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 9336
Pages: 175
Formats: report pdf report excel report power bi report ppt

Wireless Occupancy Sensors Market Size, Growth (2022-2027)

The Global Wireless Occupancy Sensors Market size was valued at US$ 2.5 billion in 2021 and is anticipated to reach the valuation of US$ 4.2 billion by 2027 and is predicted to register a CAGR of 13.3% during 2022-2027. Energy savings has become crucial for growth in any economy. As a result, the govt is additionally coming with several policies to save lots of energy, which can drive the market within the forecast period.

Market Overview:

Wireless sensors are devices that can turn off lights and other equipment when not in use. Occupancy sensors have a vital role to play in reducing the consumption of energy, pollution in buildings, offices, restrooms, and various other places. It's a big development within the sensors market because it is lightweight saves energy and makes life convenient and more accessible. 

The rising demand for energy-efficient devices is predicted to drive the market. Wireless occupancy sensors play an essential role in reducing energy consumption. This is often achieved through the sensors, which shut down devices and other equipment on the idea of occupancy. These sensors can aid in reducing light pollution and can be used for indoor and outdoor spaces.

Recent Developments in Wireless Occupancy Sensors Industry:

  • Legrand India plans to expand its manufacturing capabilities and is open to acquisitions. As it diversifies its footprint in India and explores for acquisition prospects with an eye on the local market potential, French electrical equipment company Legrand wants to grow up its production capability.
  • Johnson Controls has acquired Foghorn, strengthening its position as a pioneer in smart and autonomous buildings. By integrating Foghorn's industry-leading Edge AI platform throughout Open Blue, Johnson Controls will be able to expedite its innovation and ambition for Smart Autonomous Buildings.

WIRELESS OCCUPANCY SENSORS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 – 2027

CAGR

13.3%

Segments Covered

By Application, By Building Type, By End-user industry

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

Drivers and Restraints:

Wireless Occupancy Sensors Market Drivers:

Private, public, and government businesses are all active actors when it comes to energy saving and resource management. In this regard, governments in all main regions (North America, Europe, and Asia-Pacific) have enacted several laws, regulations, and initiatives relating to energy efficiency and conservation. Most of the time, an occupancy sensor is regarded one of the primary energy-saving devices in such energy-saving programmes. The European Commission, for example, instructed the installation of energy-efficient lighting systems in building facilities, such as adding occupancy sensors, day lighting sensors, or other controls, in the European Green Light Programme (2012).

Wireless Occupancy Sensors Market Restraints:

Since the last decade, erroneous activation of an occupancy sensor switch has been one of the key stumbling blocks to the market's growth. Any movement in the space makes sensors more prone to erroneous triggering. Because they are sensitive to all forms of motions, they react to non-occupant movement as well. Sunlight, someone walking through neighbouring locations in the sensor's view, or any machinery that heats up objects can all cause false triggering. Sensors are also ineffective if the office is partitioned. The life of lighting systems and related components is harmed by continual sensor on-off.

Wireless Occupancy Sensors Market Opportunities:

According to the United Nations Department of Economic and Social Affairs, 60 percent of the world's population will be living in cities by 2050. As the world's population shifts to cities, cities around the world will be compelled to construct smart cities, which might boost the market's growth.

By putting sensors around the city and creating platforms that allow the sharing of information, a smart city can build an efficient and smart service delivery platform for public and municipal personnel. The platform could have a shared data warehouse where data from various sensor devices can be stored.

Wireless Occupancy Sensors Market Challenges:

In recent years, the lighting control market has grown significantly. Dimmers, occupancy sensors, timers, daylight sensors, and relays are among the devices available on the market. These products can be used on their own or as part of a larger system. Through wired and wireless technologies, they can be integrated with home automation systems. Lighting controllers must be externally integrated with communication protocols to enable automated operations. Lighting control makers, on the other hand, are increasingly producing solutions with built-in data communication. These controllers can be operated without the usage of external communication protocols or connectivity. This is expected to result in a considerable increase in demand for such goods, giving occupancy sensor manufacturers a chance to capitalize.

Wireless Occupancy Sensors Market Segmentation Analysis:

By Application:

  • Lighting control
  • HVAC
  • Security surveillance

By Building type:

  • Residential buildings
  • Commercial buildings

Both residential and commercial buildings account for a demanding share in the global wireless occupancy sensors business, owing to massive growth within the construction sector across the globe. The technology features a significant role to play during this sector thanks to the cost-effective matrix. It leads to an extended life cycle of products and systems, alongside more excellent reliability.

By End-user industry:

  • Industrial
  • Aerospace and Defence
  • Healthcare
  • Consumer electronics
  • Others

The trend of urbanization is growing worldwide, and consistent with the United Nations, Department of Economic and Social Affairs, 60% of the population are going to move to urban areas by 2050. With the increasing shift of people to cities, there has been a focus on a new trend to develop a smart city, which can enhance the expansion of the target market. 

A smart city can deliver smart services platforms for public and municipal workers with the help of sensors in the town and make platforms that allow the share of data and provides it for correct use to the general public, city managers, professionals, and so on. The platform comprises a typical data warehouse where different sensor system can hide their data. For instance, an intelligent parking system should be not only conscious of the occupancy status of every parking lot but even be ready to guide the user. 

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)

Wireless Occupancy Sensors Market Region-wise analysis:

The demand in North America wireless occupancy sensor market is especially driven by better funding in innovations and advancements in occupancy sensors like image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics. The USA is leading the regional market because of development in various sectors, like commercial and residential. The increase within the rise of wireless network infrastructure is driving the expansion in home automation, which helps the growth of this regional wireless occupancy sensor market. Similarly, the growing demand for HVAC systems within the US region is anticipated to play an important role in this market extension.

In addition, the European wireless occupancy sensor region is projected to grow at the fastest rate during the forecast period. Supportive government plans are one of the key factors behind this growth. For example, Energy Efficiency Directive is an initiative by the EU and it had been established in October 2012 to line the measures, which might help the EU to realize ~20% of the energy efficiency target by 2020.

Key Players in the Market:

Major Key Players in the Global Wireless Occupancy Sensors Market are

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

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FAQ's

What are some of the opportunities for new market entrants?

Some of the factors likely to create huge growth opportunities in the wireless occupancy sensor market include the expected incorporation of lighting controllers with in-built data connectivity technology, government promotion of green building, and developments in vision-based intelligent occupancy sensor for HVAC systems.

In the next five years, which application area of occupancy sensor is predicted to grow at a substantial rate in the market?

The market for HVAC systems is expected to grow at a faster rate. Heating, ventilation, and air conditioning (HVAC) systems are now standard in most commercial buildings, including offices and hospitality establishments. As HVAC systems consume more power or energy than lighting systems, one of the primary objectives for installing occupancy sensors is to reduce energy usage. The use of occupancy sensors can significantly cut electricity and operating costs. The growing demand for energy-efficient sensing systems to keep building occupants comfortable and safe is driving the Wireless occupancy sensor market forward.

Who are the top players in the market for Wireless occupancy sensors? What are their main strategies for bolstering their market position?

Legrand, Schneider Electric, Eaton, Johnson Controls, and Signify are the key players in the occupancy sensor market. Product launches, acquisitions, expansions, and collaborations are the main strategies used by these companies.

In the Wireless Occupancy Sensors Market, which region has the greatest share?

In 2021, North America will have the most market share.

In terms of geography, what is the potential market for Wireless occupancy sensors?

The Wireless occupancy sensors market trends for South America, the Middle East, and Africa are covered by Rest of the World (RoW). From 2020 to 2025, the occupancy sensor market in RoW is expected to develop at the fastest rate. Government initiatives encouraging energy conservation and the growth of the building and real estate sectors are key drivers driving the occupancy sensors market in RoW. The occupancy sensors market in South America and the Middle East is predicted to grow significantly due to ongoing development activities in these regions. The Argentine government, for example, established Plan Buenos Aires Verde, a 20-year plan to increase energy efficiency and promote green construction, in July 2014. These advancements will have a substantial impact on occupancy sensor use.

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