The latest report by IMARC Group, titled “Occupancy Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global occupancy sensor market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.

Vacancy sensors, sometimes referred to as occupancy sensors, are gadgets that use an installed appliance or piece of equipment to determine whether or not a space is occupied. Typically, these sensors are placed to regulate the security, surveillance, lighting, ventilation, and temperature systems. Occupancy sensors often operate using passive infrared, ultrasonic, and dual technologies. They are inexpensive, extremely versatile, energy-efficient, maintenance-free, and simple to install. Because of this, occupancy sensors are widely used in a variety of commercial, industrial, and residential settings in addition to the automotive sector.

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Occupancy Sensor Market Trends and Drivers:

Government initiatives to cut carbon emissions and create green buildings, together with rising consumer demand for energy-efficient appliances, have propelled the market's expansion. Furthermore, a number of technological developments, including the advent of intelligent occupancy sensors, micro-phonics, and image processing occupancy sensors (IPOS), have raised their profile globally. In addition, more occupancy sensors, including Internet of Things (IoT) and ultrasonic sensors, are being installed in response to the growing problems with traffic congestion in order to improve traffic management. They are also being fitted in passenger cars and light and large transport vehicles more frequently.

Report Segmentation:

The report has segmented the market into the following categories:

Market Breakup by Network Type:

• Wired
• Wireless

Market Breakup by Technology:

• Passive Infrared
• Ultrasonic
• Dual Technology
• Others

Market Breakup by Building Type:

• Residential
• Commercial

Market Breakup by Coverage Area:

• Less Than 89 Degree
• 90 Degree-179 Degree
• 180 Degree-360 Degree

Market Breakup by Application:

• Lighting Control
• HVAC
• Security Surveillance

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• 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.

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