Global Occupancy Sensor Market Overview 2020: Growth, Demand and Forecast Research Report to 2025

NEW YORK - June 2, 2020 - PRLog -- According to the latest report by IMARC Group, the global occupancy sensor market size reached US$ 2.35 Billion by 2019. The market is anticipated to reach a value of US$ 5.57 Billion by 2025, expanding at a CAGR of 15.8% during 2020-2025.

Occupancy sensors are motion-activated control devices that can detect the presence of individuals in a particular environment. These devices detect the occupancy of the room by the use of motion-detecting sensors. They automatically alter the lights, temperature and ventilation of the area by turning equipment on or off as per the number of the occupants. Their application aids in achieving automatic control over fans, lights and air conditioners installed in residential as well as commercial spaces while complying with the building codes. They are also employed to enable precise control over lighting solutions in a building and prevent unnecessary usage of energy.

Global Occupancy Sensor Market Trends:

The global market is primarily driven by the emerging trend of smart cities across the globe. This can be attributed to rapid urbanization, inflating disposable income levels and population growth. In line with this, the development of smart cities has led to the increasing adoption of connected data sensors and advanced technologies to ensure quality environmental development. The installation of occupancy sensors in various establishments aids in reducing energy consumption and reducing light pollution, owing to which there has been a significant increase in their uptake. The rising demand for smart parking assistance across numerous parking lots and the increasing number of government initiatives encouraging the adoption of smart construction are also acting as major growth-inducing factors.

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Key Insights from the Report:

On the basis of the network type, the market has been bifurcated into wired and wireless sensors.

Based on technology, the market has been divided into passive infrared, ultrasonic, dual technology and others.

Based on the building type, the market has been classified into the residential and commercial segments.

On the basis of the coverage area, the market has been segmented into less than 89 degrees, 90 degrees-179 degrees and 180 degrees-360 degrees.
Based on the application, the market has been categorized into lighting control, HVAC, and security surveillance.

On the geographical front, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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