Connect with us

Technology

Occupancy Sensor Market worth $5.20 billion in 2030 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Oct. 31, 2024 /PRNewswire/ — The global occupancy sensor market is expected to reach USD 5.20 billion in 2030 from USD 2.75 billion in 2024, at a CAGR of 11.2% during the forecast period according to a new report by MarketsandMarkets™. As organizations and homeowners look to save energy and reduce utility costs, occupancy sensors can offer effective solutions by simply adjusting lighting, heating, or cooling based on instantaneous data for occupancy. The emergence of smart building technologies and the Internet of Things makes it easier to build automated systems in which occupancy sensors are integrated. Coupled with regulatory pressures for sustainability and energy conservation, there is ongoing demand for occupancy sensors as critical components of modern energy management strategies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3859894

Browse in-depth TOC on “Occupancy Sensor Market”
200 – Tables
62 – Figures
229 – Pages

Occupancy Sensor Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 2.75 billion

Estimated Value by 2030

$ 5.20 billion

Growth Rate

Poised to grow at a CAGR of 11.2%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Operation, Connectivity, Technology, Installation and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of awareness regarding occupancy sensor

Key Market Opportunities

Government initiatives for green buildings is creating an opportunity

Key Market Drivers

Increasing popularity of lighting controllers in smart homes to drive demand

The 180-360°segment is expected to grow fastest in forecast period.

The 180-360°is expected to grow fastest during the forecast period due to its ability to provide full monitoring and detection capabilities in larger and more complex spaces. These sensors can cover expansive areas without having to take multiple units in open areas, such as open office layouts, large conference rooms, and industrial environments. With the trend of open plan designs in workplaces and a need for efficient solutions in energy management, sensors to detect occupancy across wider angles are becoming increasingly in demand.

The commercial segment is dominating in occupancy sensor market.

The commercial sector dominates the market of occupancy sensors, primarily due to the need for energy efficiency, regulatory compliance, and enhanced operational management. It is estimated that a substantial number of commercial buildings- offices, retail, and hotels- use occupancy sensors to avoid energy wastage by controlling lighting and HVAC through occupancy levels. This saves considerable amounts of money, and also sees organizations come under energy regulations and sustainability goals. On the other hand, the growing number of smart buildings and automation in the commercial sector gives a boost to the demand for occupancy sensors since they easily integrate with building management systems.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=3859894

US in the North America region to dominate the occupancy sensor market during the forecast period.

The US dominates the North American occupancy sensor industry mainly due to the factors such as advanced technological infrastructure, an emphasis on energy efficiency, and widely practiced smart building practice. Energy-saving initiatives are spurred by the government and other regulatory agencies in the United States and encourage businesses and homeowners to invest in smart technology aimed at enhancing energy management. Major players in the occupancy sensor industry have also made huge investments in research and development for driving innovation and product offerings in the market.

Key players

The occupancy sensor companies includes significant Tier I and II players like Legrand (France), Johnson Controls Inc (US), Eaton (Ireland), Honeywell International Inc (US), Schneider Electric (France), Acuity Brands Inc (US), Signify Holding (Netherland), Hubbell (US), Leviton Manufacturing Co., Ltd., (US), and Lutron Electronics Co Ltd (US) are some of the key players in the occupancy sensor market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3859894

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Building Automation System Market Size, Share & Industry Trends Analysis Report by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems), Communication Technology (Wireless Technologies, Wired Technologies), Application & Region-Global Forecast to 2028

Smart Home Market Size, Share & Trends by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioral, Proactive), Sales Channel, Installation Type and Region – Global Forecast to 2029

Home Automation System Market by Management, Product (Lighting Control, Security & Access Control, HVAC Control, Entertainment & Other Controls), Software & Algorithm, and Region (2020-2025)

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/occupancy-sensor-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/occupancy-sensor.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/occupancy-sensor-market-worth-5-20-billion-in-2030—exclusive-report-by-marketsandmarkets-302289964.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Chobani Taps Industry Veteran Jai Kibe as Chief Marketing Officer

Published

on

By

NEW YORK and NEW BERLIN, N.Y., Oct. 31, 2024 /PRNewswire/ — Chobani, LLC announces the appointment of Jai Kibe as Chief Marketing Officer, effective November 4, 2024, reporting to President and COO, Kevin Burns. Kibe will lead the marketing and creative teams for the Chobani and La Colombe brands. 

In this role he will focus on expanding growth-segments, driving marketing innovations, developing next generation analytics and consumer insights capabilities, enhancing digital first consumer and customer engagement, and creating dynamic activations and partnerships. 

“Jai is known for inspiring creativity, energizing brands, and bringing a disciplined, metrics-based approach to strategy,” said Burns. “His leadership will be instrumental in driving the next phase of our growth as we work to expand awareness beyond today’s core consumer segments. I’m excited to partner with Jai to create deeper and more meaningful consumer connections to unleash the potential of the Chobani and La Colombe brands.” 

A veteran marketing professional with over 23-years of experience working across numerous global companies, Kibe has held senior marketing roles at Gartner, SC Johnson, The Coca-Cola Company, among others. Kibe has transformed both iconic as well as challenger brands, delivering sustained profitable growth and strengthening brand equity. 

“I am thrilled to be joining Chobani at an exciting moment in time, where we can blend art, science and instinct,” said Kibe. “As a brand that combines purpose with innovation, Chobani has consistently set the standard for great taste, consumer health and wellness while driving positive social impact. I look forward to working with this incredibly talented team to continue shaping the future of the food and beverage industry, while staying true to Chobani’s mission of making good food available to more people while positively impacting our communities and planet.”  

Kibe earned his MBA in Marketing from Pepperdine University and is currently further enhancing his expertise in digital programming and automation through ongoing education at Northwestern University’s Kellogg School of Management. 

About Chobani 
Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, Chobani is a purpose-driven, people-first, food-and-wellness-focused company, and has been since its founding in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The Company manufactures yogurt, oat milk, and creamers – Chobani yogurt is America’s No.1 yogurt brand, made with natural ingredients without artificial preservatives. Following the 2023 acquisition of La Colombe, a leading coffee roaster with a shared commitment to quality, craftmanship and impact, the Company began selling cold-pressed espresso and lattes on tap at 32 cafes, as well as Ready to Drink (RTD) coffee beverages at retail. 

Chobani uses food as a force for good in the world – putting humanity first in everything it does. The company’s philanthropic efforts prioritize giving back to its communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. Chobani manufactures its products in New York, Idaho, Michigan and Australia, and its products are available throughout North America and distributed in Australia and other select markets. 

For more information, please visit www.chobani.com or follow us on Facebook, X, Instagram, LinkedIn, Pinterest and TikTok. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/chobani-taps-industry-veteran-jai-kibe-as-chief-marketing-officer-302293251.html

SOURCE Chobani, LLC

Continue Reading

Technology

The Middletown Home Successfully Enhances Pumpkin Fest 2024 with CATIE Mobile

Published

on

By

 Innovative Communication Solution from Status Solutions Boosts Event Safety and Efficiency

WESTERVILLE, Ohio, Oct. 31, 2024 /PRNewswire/ — The Middletown Home, a not-for-profit 501(c)(3) continuing care community, hosted its largest annual fundraiser, Pumpkin Fest Weekend, on October 5-6, 2024. Now in its 10th year, the cherished community event attracted 20,000 attendees and showcased live music, local artisans, and autumn-inspired activities. This year’s event featured a groundbreaking enhancement—CATIE Mobile, a multi-award-winning communication app provided by Status Solutions, which significantly improved communication, safety, and event management for all involved.

As the Pumpkin Fest Weekend continued to grow, The Middletown Home recognized the need for an efficient communication solution to manage the increasing scale of the event. “Given the size of Pumpkin Fest, we needed a solution that would help us communicate effectively with everyone involved—from attendees to vendors and volunteers—to ensure a safe and smooth-running event,” said Fred Barrett, VP of Operations at The Middletown Home.

Thanks to being enrolled in Status Solutions’ Innovation Program, The Middletown Home could deploy CATIE Mobile at no additional cost, enhancing the event experience for all. CATIE Mobile provided real-time updates, safety alerts, and event information directly to attendees’ smartphones. The app also allowed administrators to coordinate seamlessly with volunteers, vendors, and first responders, ensuring a safe and successful event.

“We were thrilled to provide CATIE Mobile to The Middletown Home for Pumpkin Fest. It’s a perfect example of how our Innovation Program gives customers access to cutting-edge solutions that enhance communication and safety,” said Mike MacLeod, Founder and CEO of Status Solutions.

Results from Pumpkin Fest 2024 Include:

Enhanced Communication: Weather conditions on Saturday required the rescheduling of the fireworks show. CATIE Mobile enabled quick updates to attendees, vendors, and volunteers.Increased Safety: Two medical emergencies were swiftly addressed through the app’s alert system, allowing volunteers and staff to respond quickly and ensure the safety of attendees.Improved Event Management: Reminders about scheduled activities and updates to event maps and schedules were easily accessible through CATIE Mobile, streamlining the festival experience for attendees.

“We were incredibly grateful to have CATIE Mobile for Pumpkin Fest. The real-time updates and communication with artisans, vendors, and volunteers were key to the success of the event,” said Louis Vogel, CEO of The Middletown Home.

As a result of CATIE Mobile’s success at Pumpkin Fest, The Middletown Home is now exploring further opportunities to integrate the platform into daily operations.

For more information on CATIE Mobile at Pumpkin Fest, read the full case study here. For more information on Status Solutions’ Innovation Program or their school safety technology and funding platform, please visit Status Solutions website.

Contact:
Laura Hartman, Status Solutions
866-846-7272, x 456
385747@email4pr.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-middletown-home-successfully-enhances-pumpkin-fest-2024-with-catie-mobile-302293260.html

SOURCE Status Solutions, LLC.

Continue Reading

Technology

Huawei’s David Wang: UBB Advanced Paves the Way to All Intelligence

Published

on

By

ISTANBUL, Nov. 1, 2024 /PRNewswire/ — At the 10th Ultra-Broadband Forum (UBBF 2024), David Wang, Huawei’s Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board, delivered a keynote speech titled “UBB Advanced Paves the Way to All Intelligence”. When opening the event, he shared his latest insights into the AI industry and elaborated on Huawei’s All Intelligence strategy. He also proposed a new direction for the synergistic development of UBB and AI to help the industry reach the intelligent world faster – technological innovation and business incubation.

The Fourth Industrial Revolution has been progressing rapidly thanks to AI, with AI becoming a major driver of global economic growth. Widespread commercial use of AI is accelerating, and new applications for personal use, enterprise efficiency, and smart homes are disrupting multiple markets. It is also driving communications network upgrades, in terms of capacity, latency, and architecture.

In his speech, Wang noted, “Huawei has continued innovating by focusing on two areas: UBB for AI and AI for UBB. The innovation we are doing under UBB for AI is based on ultra-large bandwidth, deterministic low latency, and network architecture. The network capability improvements we’ve achieved support higher quality AI development which will help carriers achieve business growth. This innovation also focuses on AI for UBB. We are applying AI to networks to improve network experience, to speed up service provisioning, and to streamline network O&M. This helps carriers build highly autonomous networks.”

Last year, Huawei released its All Intelligence Strategy to, “show how to connect all things, model all applications, and compute all decisions.” Huawei offers leading digital and intelligent infrastructure that provides computing, storage, and transmission power for industry. Huawei is also using its Pangu Models to create advanced industry-specific models, with the aim of supporting a vast range of models and applications, and helping customers from different industries pursue intelligent transformation.

Within the telecom industry, Huawei offers leading AI solutions, which must be supported by transmission power. As critical infrastructure, UBB networks provide this kind of power to help other industries go digital and intelligent more easily. To this end, Huawei advocates two development paths for UBB networks: “UBB for AI” and “AI for UBB”.

UBB for AI: high-quality AI development

UBB 5.5G incorporates technological innovation at multiple network layers to support AI requirements.

For data center networks (DCNs), Huawei offers a Dragonfly+ Topology architecture and new DC-OXC technologies that help build large-scale computing centers.

For data center interconnect (DCI) networks, Huawei uses a number of innovative technologies like 800G IP + Optical networking, flexible IP service-flow level scheduling, and lossless transmission to realize more efficient use of computing power across data centers.

For data center access (DCA) networks, Huawei’s OXC Mesh networking is capable of greatly reducing network latency. Its Wi-Fi 7 and 50G PON technologies can provide the ubiquitous 10 gigabit access that is necessary for widespread AI adoption by end users. In addition, Huawei’s FTTR is already being used to create “intelligent hubs” and enable intelligent applications for many homes.

Huawei’s Xinghe security gateway and hybrid ASON also guarantee resilience over end-to-end networks for AI application connections.

These innovations significantly improve bandwidth, latency, availability, and large-scale networking capabilities and will help carriers differentiate themselves in the intelligent era.

AI for UBB: highly-autonomous networks

UBB networks are also becoming larger and handling more complex scenarios, driving carriers to seek new ways to improve O&M efficiency and network autonomy. A promising method being explored is embedding AI directly into networks.

Huawei has built an AI-enabled O&M architecture for UBB networks that uses digital twins and its own Telecom Foundation Model. This architecture enables the creation of intelligent role-oriented “copilots” and scenario-specific “agents” that automate onsite operations and remote maintenance and optimization, which is necessary for the evolution to level 4 autonomous driving networks (ADNs).

Multiple leading carriers have successfully improved their network O&M efficiency by working with Huawei to apply this architecture commercially.

For home broadband, ADNs can support network self-optimization to ensure user experiences, reducing the churn rate by 57%.

For transmission networks, network planning and service deployment efficiency is crucial. ADNs can support service self-planning and deployment based on service level agreements, rather than manual planning. This can cut service provisioning times from one month to one day.

For IP network maintenance, fault location has always been a challenge. ADNs can enable virtual employees to support troubleshooting, reducing network troubleshooting times by 50%.

At the end of his speech, Wang called for the entire UBB industry to actively embrace the intelligent era by pursuing innovation in UBB 5.5G network technologies for long-term competitiveness. He also advocated for industry-wide incubation of new intelligent services in addition to new network capabilities, saying that new partnerships and business opportunities in AI applications will drive intelligent service transformation and new business growth.

SOURCE Huawei

Continue Reading

Trending