Rising Investment in Smart Infrastructure is Projected to Drive the North America Occupancy Sensor Market by 12.10%.

North America Occupancy Sensor Market Outlook

The North America occupancy sensor market size reached USD 1.2 billion in 2023. The market is expected to grow at a CAGR of 12.10% between 2024 and 2032, reaching almost USD 3.41 billion by 2032.

Key Takeaways:

• The average cost of household energy in the United States increased 6.2% between 2022 and 2023, from 15.04 cents per kilowatt hour (kWh) to 15.98 cents/kWh, according to the U.S. EIA.

• Hawaii customers had the highest average monthly expenses in 2023, coming in at USD 213, due to petroleum-fired energy generation.

• Louisianan residential customers consumed more than four times as much power on average as Hawaiian consumers did.

Increasing number of smart buildings, higher electricity cost, and introduction of smart technologies is expected to drive the North America occupancy sensor market

The North America occupancy sensor market is expanding due to the increasing number of smart buildings being constructed. The continuous incorporation of occupancy sensors into the planning and development of smart buildings is evidence of their crucial role in transforming the contemporary built environment. These sensors serve as the brains of smart building management systems, coordinating an array of information and actions to provide increase in efficiency. In addition, modern occupancy sensor technologies are being added to smart buildings, which allow them to track and analyse people's movements and presence in a variety of places continually.

In United States buildings accounts for 70% of the total electricity consumption. Due to the high percentage of electricity used by buildings, companies have focused intensely on finding ways to reduce consumption using technology. This has resulted in extraordinary innovations that expand building management system capabilities, including the introduction of smart technologies that enable efficiency-focused automation, which is expected to drive the demand for North America occupancy sensor market.

Additionally, occupancy sensors can easily build a wireless network connection, allowing for remote control and real-time data transfer. Occupancy sensors may be incorporated into larger automation systems in the context of smart homes and buildings, which makes this connectivity very useful.

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Market Segmentation

North America Occupancy Sensor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Network Connectivity

• Wired

• Wireless
  • Wi-Fi
  • Zigbee
  • EnOcean
  • Others

Market Breakup by Technology

• Ultrasonic

• Passive Infrared

• Microwave

Market Breakup by Operation

• Indoor

• Outdoor

Market Breakup by Building Type

• Residential

• Commercial

Market Breakup by Application

• HVAC

• Lighting Control

• Security and Surveillance

• Others

Market Breakup by Country

• United States of America

• Canada

The North America occupancy sensor market key players are Schneider Electric SE, Eaton Corp. Plc, Honeywell International Inc., Johnson Controls International Plc, General Electric Co., Texas Instruments Incorporated, Analog Devices, Inc., Legrand S.A., Dwyer Instruments, LLC, and Hubbell Inc., among others.

Key Highlights of the Report

Key Questions Answered in the Report:

1.    What was the market value in 2023?
The market was valued at USD 1.2 billion in 2023.

2.    What is the growth rate of the North America occupancy sensor market?
The market is projected to grow at a CAGR of 12.10% between 2024 and 2032.

3.    What is the market forecast for 2024-2032?
The revenue generated from the market is expected to reach USD 3.41 billion in 2032.

4.    What is the breakup of the market based on the operation?
The market is categorised according to operation, which includes indoor and outdoor.

5.    Who are the key players in the North America occupancy sensor industry, according to the report?
The key players are Schneider Electric SE, Eaton Corp. Plc, Honeywell International Inc., Johnson Controls International Plc, General Electric Co., Texas Instruments Incorporated, Analog Devices, Inc., Legrand S.A., Dwyer Instruments, LLC, and Hubbell Inc., among others.

6.    What is the breakup of the market according to the technology?
Based on the technology, the market is divided into ultrasonic, passive infrared, and microwave.

7.    What is the market breakup by country?
The market is broken down into United States of America and Canada.

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