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Occupancy Sensors Market Share

Report ID: GMI8347
Published Date: Feb 2024
Report Format: PDF

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Occupancy Sensors Market Share

Major players operating in the occupancy sensors industry are:

Honeywell International Inc.
Siemens AG
Johnson Controls International plc
Schneider Electric SE
Legrand S.A.
Lutron Electronics Co., Inc.
Texas Instruments Incorporated

Honeywell International Inc. and Siemens AG held a significant share of over 20% in the occupancy sensors industry. Honeywell International Inc. is a multinational conglomerate providing diversified technology and manufacturing solutions. It offers a range of advanced sensor solutions designed for smart buildings. These sensors contribute to energy efficiency, security, and comfort by detecting and responding to human presence, aligning with the company's commitment to innovative technologies for a connected and sustainable world.

Siemens AG is a global technology company with a diverse portfolio. Siemens offers advanced solutions for smart buildings. Its sensors integrate with building automation systems, providing energy-efficient lighting and HVAC control based on occupancy. Siemens emphasizes innovative technologies to enhance building efficiency and sustainability.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for occupancy sensors surpassed USD 2 billion in 2023 and is estimated to record over 14% CAGR between 2024 and 2032, due to the increasing demand for smart home solutions worldwide

The outdoor operation segment in the occupancy sensors market is expected to witness over 15.5% CAGR through 2032, driven by their assistance to improve security by detecting movements in exterior locations.

North America held over 30% of the global occupancy sensors industry share in 2023, due to the increasing integration of smart building technologies and an emphasis on energy conservation.

Some of the major occupancy sensor providers are Honeywell International Inc., Siemens AG, Johnson Controls International plc, Schneider Electric SE, Legrand S.A., Lutron Electronics Co., Inc., and Texas Instruments Incorporated