The Occupancy Sensors Market will generate a total revenue of US$6,558.9 million in 2032, driven by the boom in technology-based smart products globally

NEWARK, DE /ACCESSWIRE/December 7, 2022/ The Global presence sensor market is expected to grow at a phenomenal CAGR of around 12% during the forecast period from 2022 to 2032. The global market is expected to have a valuation of around US$2,115.6 million in 2022 and is expected to get a valuation of 6 US$558.9 million. in 2032. According to the analysis by Future Market Insights over the historical period from 2016 to 2021, the global occupancy sensor market showed a growth rate of 9.8%.

The growth of the market is attributed to the increased demand for presence sensors, which are mainly used for security purposes to prevent break-ins, burglaries and thefts, the presence sensors market is growing. In addition, green buildings are becoming more common all over the world which is expected to drive the growth of occupancy sensor market in the market.

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An occupancy sensor is also called a vacancy sensor. It is a device that is used to detect whether the room is occupied or not and allows the user to switch the equipment on or off accordingly. The occupancy sensor works in conjunction with ultrasonic rays, microwave technology, and infrared light rays to detect occupancy in a building and adjust lighting appropriately based on the lack of occupancy.

This sensor detects occupancy using infrared, ultrasonic or microwave technologies. Occupancy sensors are most often used in specific areas where automation, energy conservation, and building code compliance are most required. Various technological advancements in the industry have led to the development of occupancy sensors in response to the growing demand for energy efficient devices.

This type of indoor sensing mechanism helps to change the air temperature and ventilation in a particular area in response to the presence of people. Besides stairwells, open and closed offices, hallways and warehouses, they also find applications in residential, commercial and industrial spaces. Additionally, occupancy sensors help automate motor load switching on fans, curtains, air conditioners, and a variety of other motor-powered devices.

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Key points to remember

• Sensors can trigger erroneously when movement in space is observed. Due to their sensitivity to a wide range of movements, they also react to certain movements that are not related to the occupants. False triggering is expected to occur due to sunlight shining on the sensor, people passing by, or machinery heating nearby objects. Likewise, sensors don’t work well in cubicles. Lighting systems and other components connected to them have a much shorter lifespan if the sensors are constantly switched on and off.

• Rising popularity of energy efficient sensors is one of the crucial factors contributing positively to the growth of the global presence sensor market. With stringent government policies on energy saving and persistent advancements in high-tech and cost-effective occupancy sensors, the global occupancy sensor market is expected to grow over the forecast period.

• The global occupancy market has recently exploded with advanced occupancy sensors, including smart occupancy sensors, image-processing occupancy sensors, and microphonics. Increasingly, lighting controllers are gaining popularity, which is positively affecting the growth of the presence sensor market. Furthermore, in the current technological landscape, the dominating players of the Presence Sensors market are expected to witness strong growth opportunities in the coming years.

• Moreover, the growing development of smart cities has proven to be a major factor that encourages the growth of the economy. As part of smart parking solutions, these sensors are used to carefully monitor parking spaces and control congestion. Presence detectors should be installed both indoors and outdoors to minimize energy consumption and light pollution created in the environment. Accordingly, all these factors are contributing to the growth of the presence sensors market.

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Competitive landscape
The dominant market players are developing a wide range of technologically advanced and innovative sensors to gain a long-term competitive advantage, such as image processing sensors, microphone sensors, and smart presence sensors.

More insights into Occupancy Sensors Market

North America is expected to dominate the global presence sensor market by accounting for the largest market share. The North American region has higher growth prospects for occupancy sensors for commercial and residential buildings than any other region in the world. From 2022, presence sensors are expected to account for 38% of the market in these regions.

Key segments profiled in the global occupancy sensor market

Occupancy Sensor Market by Network Connectivity:

Occupancy Sensors Market by Application:

• Presence detectors for government establishments

• Presence detectors for industrial applications

• Presence detector for commercial applications

• Occupancy sensor for residential areas

Occupancy Sensors Market by Region:

• North America Occupancy Sensor Market

• Latin America Occupancy Sensor Market

• Europe Occupancy Sensor Market

• South Asia Occupancy Sensor Market

• East Asia Occupancy Sensor Market

• Oceania Occupancy Sensor Market

• Middle East & Africa Occupancy Sensor Market

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s analysis

3.6. Regulatory landscape

3.6.1. By key regions

3.6.2. By key countries

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2016-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value Analysis (USD Million), 2016-2021

4.2. Current and Future Market Size Value Projections (USD Million), 2022-2032

4.2.1. Analysis of annual growth trends

4.2.2. Analysis of opportunities in absolute dollars

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About Future Market Insights, Inc.

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