Published on : Nov 19, 2019
Automation has become the catchphrase of the energy sector. The need to reduce per capita consumption across the globe has paved way for multiple technologies. The global occupancy sensor market is also expanding advancements in the energy sector. The need for such sensors spans into various industries including healthcare, medicine, and manufacturing. Furthermore, these sensors become an important component of the increasingly sophisticated infrastructure across commercial buildings. It is projected that the total value of the occupancy sensor market would grow at a rapid pace.
The advent of smart technologies has created a number of possibilities for growth within the global occupancy sensor market. Furthermore, new technologies are wilfully adopted across large-scale industries. Hence, occupancy sensors are foreseen to attract voluminous demand in the years to follow. The use of occupancy sensors across government buildings and state-controlled centers has aided market growth. Governments have shown a sense of proclivity in providing incentives and funding to the manufacturers of smart technologies. This factor has also played an integral role in market growth.
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Schneider Electric has emerged as a vital player in the global occupancy sensor market, and has produced innovative sensor technologies. The company produces a separate set of sensors for wiser home control. This factor has given a mark of innovation and customization to the product portfolio of the company. Furthermore, sensors such as NEO, Argus, and ZENcelo are amongst the most popular technologies developed by the company. The consumers have shown increased willingness to buy these technologies.
Some of the leading players in the global occupancy sensor market are Hubbell, Eaton Corporation, Johnson Controls, and Honeywell.
In this review, ResearchMoz provides a basis to delve into the details pertaining to the growth of the global occupancy sensor market.
Occupancy Sensors Emerge as Major Energy-Savers
The use of an occupancy sensor saves high volumes of energy for multiple industries. These sensors help in controlling light systems across hospitals, banks, and government buildings. The use of occupancy sensors is encouraged by the government and energy researchers in order to foster energy-efficiency across the globe. Furthermore, depleting natural reserves have recalibrated the focus of the masses towards using smart and energy-saving technologies. This is also a key driver of demand within the global occupancy sensor market.
Commercial buildings use occupancy sensors to automate doors and windows. The use of these sensors gives a mark of sophistication to hotels, buildings, and other important areas. Furthermore, the long-term energy benefits of using occupancy sensor has led the hospitality industry to induct these sensors.
Industrial Manufacturing becomes a Key End-Use Segment
The presence of a large manufacturing sector has created tremendous demand within the global occupancy sensor market. There is a need to accelerate processes within the manufacturing sector. Furthermore, the automotive sector has also emerged as a key consumer of occupancy sensor technologies. This factor has further driven demand within the global occupancy sensor market.
Europe to Emerge as Key Regional Market
Several European schools and educational institutes have embraced energy-efficient technologies in recent times. This factor has played a vital role in the growth of the global occupancy sensor market. The Scandinavian countries such as Denmark and Finland have also become the flag bearers of automation in recent times. This factor has played a vital role in the growth of the global occupancy sensor market.