As per Intent Market Research, the Wired Occupancy Sensors Market was valued at USD 3.5 billion in 2023-e and will surpass USD 4.8 billion by 2030; growing at a CAGR of 4.4% during 2024 - 2030. The growth of this market is attributed to factors such as the inclination towards energy-efficient devices, the promotion of sustainability in business practices, and increasing automation in various end-use applications.

The increasing investment in smart buildings and government support for sustainability are anticipated to provide significant growth opportunities for market stakeholders. Smart buildings leverage technology to enhance efficiency, sustainability, and user experience. Occupancy sensors play a crucial role in achieving these goals by providing real-time data on the utilization of spaces within a building. These sensors are used to detect the presence or absence of people in a particular area. They are commonly employed in HVAC systems to optimize energy usage based on actual occupancy. It can also control lighting systems and lights can be automatically turned off in unoccupied rooms or areas, reducing energy consumption.

Sustainability promotion in business practices driving market growth

The demand for occupancy sensors is driven by the increasing promotion of sustainability in business practices. According to the World Wildlife Fund, Google searches for sustainable products surged by 71% from 2016 to 2021, indicating a heightened interest in sustainability. Additionally, the World Economic Forum noted that 67% of Millennials and Generation X prefer buying from sustainable brands whenever possible.

Several nations have formulated policies to endorse sustainability. For instance, India's Mission LiFE aims to engage one billion Indians and global citizens in adopting sustainable and environmentally conscious lifestyles from 2022 to 2028. Within India, the government is targeting at least 80% of all villages and urban local bodies to become environment-friendly by 2028. Such a growing focus on sustainability has promoted the adoption of occupancy sensors, thereby driving the wired occupancy sensors market.

Key findings of the wired occupancy sensors market

The multi-technology segment expected to witness significant growth from 2024 to 2030

Multi-tech segment is anticipated to experience remarkable growth throughout the forecast period, offering more precise occupancy detection. Multi-tech sensors are the combination of PIR and ultrasonic sensors that allows for dual verification of occupancy. Both sensors have to detect motion to confirm occupancy, thereby adds a layer of reliability to the system. Multi-tech sensor are long-range wireless sensors that utilize the LoRaWAN wireless standard and are engineered for long-range, low cost, and extended battery life applications. Additionally, these sensors are available at an affordable cost which will further boost their adoption in developing economies.

Source: Intent Market Research Analysis

Lighting control is the major application of the market

Lighting control segment accounted for a significant market share of the global wired occupancy sensors market in 2023. Occupancy sensors are predominantly used for controlling lights in buildings. In commercial buildings, such as offices, educational institute, and medical & healthcare facilities, the adoption of occupancy sensors is high and increasing. It helps in energy saving as well. As per Better Buildings, an initiative of the U.S. Department of Energy (DOE), lighting controls that reduce or turn off the lighting when a space is not in use can reduce lighting energy use by 10% to 90%.

Higher coverage angle for better efficiency

Based on coverage angle, the wired occupancy sensors market is segmented into lower than 90°, 90°−179°, and 180°−360°. In 2023, the 180°−360° coverage angle segment holds a noteworthy market share and is projected to achieve a significant CAGR in the forecast period. The 180°−360° coverage angle provides largest coverage area that can be monitored in a building by a single sensor only. The large coverage area nullify the need to install more cameras or sensors in different places for monitoring. This helps in reducing cost of the purchasing and operation. 

Commercial buildings captured the major share

Wired occupancy sensors applications in commercial buildings captured a significant market share in 2023. The segmental growth of the market is propelled by high adoption rates in commercial buildings, including healthcare facilities, educational institutes, office buildings, industrial plants & factories, shopping complexes & supermarkets, and parking lots.

Commercial buildings consumes lot more energy than residential building. In 2022, the US Department of Energy estimates that commercial buildings in the US account for 18% of total U.S. energy consumption, leading to an energy expenditures of USD 190 billion each year. Also, buildings sector is responsible for energy related CO2 emissions accounting for approximately 826 million metric tons annually indicates need for occupancy sensors.

Source: Intent Market Research Analysis

North America holds largest share in the global wired occupancy sensors market

North America wired occupancy sensors market has recorded a significant share of the market in 2023. The increasing number of smart buildings, and penetration of automation in industries and commercial places are driving the regional growth. The US and Canada both have drafted policies to reduce the carbon emission from the building infrastructure. In Canada’s national capital region, the smart buildings technology has resulted in energy savings of up to 17%, which translates into savings of approximately USD 736,361.0 (CAD 1,000,000)* annually.

Presence of SMEs has fragmented the market up to certain level

Key players operating in the global wired occupancy sensors market are Acuity Brands, Cooper Lighting, Eaton, General Electric, Honeywell, Philips, Legrand, Leviton Manufacturing, Johnson Controls, Schneider Electric, Texas Instruments, among others. Additionally, there are several small & mid-size market players that provides wired occupancy sensors. Presence of large number of SMEs has fragmented the market. The same scenario is expected continue during the forecast period.

*Note: Exchange Rate 1 USD = 1.36 CAD

Wired Occupancy Sensors Market Coverage

The report provides key insights into the wired occupancy sensors market, and it focuses on technological developments, trends, and initiatives taken by the government and private players. It delves into market drivers, restraints, opportunities, and challenges that are impacting the market growth. It analyses key players as well as the competitive landscape within the global market.

Report Scope