Covid19 impact on Occupancy Sensor Market


Posted April 6, 2020 by ctom7000

Benchmarking the rapid strategy shifts of the Top 100 companies in the Occupancy Sensor Market

 
The occupancy sensor market is projected to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024 at a CAGR of 12.3%.

The major factors that are expected to be driving the market are include increasing demand for energy-efficient devices and favourable government policies regarding energy saving as well as the development of accurate and efficient sensors that can be configured and programmed for HVAC systems. The objective of the report is to define, describe, and forecast the occupancy sensor market size based on technology, building type, network connectivity, operation, coverage area, application, and region.

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Increasing popularity of wireless occupancy sensors

The introduction of wireless technology has been one of the major encouragements to the electronics and semiconductor industry. It helps reduce wired work of any device, which, in turn, reduces the cost. Occupancy sensors are mainly deployed with the help of 2 key network connectivity mediums—wired network connectivity and wireless network connectivity. Different types of wireless network connectivity are Wi-Fi, Z-wave, ZigBee, EnOcean, BACnet, and LonWorks, among others.

If an occupancy sensor is installed with the help of wired network connectivity, installation charges are more than that of wireless occupancy sensors. This is due to the cost associated with wires and batteries in wired connections. On the other hand, if wireless occupancy sensor is installed, it replaces the existing wall switch with wireless wall switch receiver and eliminates the usage of wires and batteries. Moreover, wireless occupancy sensor eliminates the cost of maintenance.

The use of wireless technology in occupancy sensors helps save energy and conserve environment; it involves minimum installation cost. With regard to this, it increases the scope of installing many wireless occupancy sensors by end users during the forecast period. By 2024, wireless sensors are expected to hold more than 80% market share.

Inconsistency issues related to wireless network systems

Connecting an occupancy sensor with other control systems such as lighting control systems and HVAC control systems occasionally creates problems. This is mainly due to incompatibility issues when an occupancy sensor working on certain wireless protocol is connected to a lighting and HVAC control system working on another wireless protocol. For instance, if an internet-enabled system uses ZigBee technology to communicate with smart control systems and if all the lighting devices are connected to a common network, then the entire network needs to be integrated with a similar wireless technology that is compatible. It has been observed that the lighting industry, at present, lacks a unified approach when it comes to wireless connectivity.

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Market Dynamics
Opportunity: Expected incorporation of lighting controllers with in-built data connectivity technology

The lighting control market has seen significant growth in the past few years. The market includes a considerable number of products including dimmers, occupancy sensors, timers, daylight sensors, and relays. These products are used either independently or in an integrated form. They can be integrated with home automation systems through wired and wireless technologies. To enable their automated operations, lighting controllers have to be externally integrated with communication protocols.
Challenge: Lack of awareness regarding benefits of occupancy sensors

In spite of widespread promotion, the development of occupancy sensors is lower than other lighting technologies such as motion sensor and vacancy sensor. It suffers from the difficulty of accurately predicting the occupancy of the occupant. The performance of an occupancy sensor is dependent on user occupancy, lighting control patterns, and sensor selection. Additionally, it is also considered to be expensive, and the awareness regarding cost-related benefits of occupancy sensors is low. This acts as a challenge for the occupancy sensor market as it affects the penetration rate in developing and underdeveloped economies.

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Issued By Tom
Country United States
Categories Electronics , Semiconductors
Tags Occupancy Sensor Market
Last Updated April 6, 2020