Motion Sensor Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities
P&S Intelligence expects these efforts to play a vital role in the growth of the motion sensor market value from $4,430.7 million in 2019 to $7,590.8 million by 2030, at a 5.1% CAGR between 2020 and 2030. This is because these instruments are widely being used in home and building automation systems, which control the working of lights, fans, and heating, ventilation, and air conditioning (HVAC) equipment.
By sensing the presence of people in an area, these systems automatically turn on or off, which can help save a substantial amount of energy. This would reduce the pressure on thermal power plants, which, as per the International Energy Agency (IEA), were still responsible for more than 60% of the world’s power production in 2018 (possibly a little less in 2020/21), thereby leading to the lower consumption of fossil fuels here.
The ability of motion sensors to reduce energy consumption was demonstrated by a recent experiment conducted at Universitas Budi Luhur in Jakarta, Indonesia. During the experiment, the energy consumption of eight 23-Watt (W) bulbs and six 80-W exhaust fans over an 84-hour period, with and without motion sensors, was measured.
Results demonstrated a massive 63.73% reduction in the total energy consumption, from 55.776 kilowatt-hours (kWh) without sensors to 20.229 kWh with motion sensors! Similar experiments are being conducted around the world, and based on the results, motion sensors are being integrated into street and parking lot lights, building automation systems, home appliances, hotel and hospital lobbies and rooms, and a host of other industrial, commercial, and residential places.
However, energy saving is not the only benefit of motion sensors; they are utilized for numerous operational purposes. Due to such factors, Asia-Pacific (APAC) has been the largest motion sensor market till now, a situation that is unlikely to change in the coming years. The huge industrial base of China, India, Japan, and South Korea creates a high demand for such instruments.
Similarly, APAC is the largest automotive producer and buyer in the world, thereby propelling the procurement of motion sensors for autonomous and electric vehicles. Additionally, with the rising disposable income of the populace, the sale of connected home automation systems and appliances integrated with motion sensors is surging. Hence, the demand for motion sensors is essentially driven by the vast number of applications they are used for.
By sensing the presence of people in an area, these systems automatically turn on or off, which can help save a substantial amount of energy. This would reduce the pressure on thermal power plants, which, as per the International Energy Agency (IEA), were still responsible for more than 60% of the world’s power production in 2018 (possibly a little less in 2020/21), thereby leading to the lower consumption of fossil fuels here.
The ability of motion sensors to reduce energy consumption was demonstrated by a recent experiment conducted at Universitas Budi Luhur in Jakarta, Indonesia. During the experiment, the energy consumption of eight 23-Watt (W) bulbs and six 80-W exhaust fans over an 84-hour period, with and without motion sensors, was measured.
Results demonstrated a massive 63.73% reduction in the total energy consumption, from 55.776 kilowatt-hours (kWh) without sensors to 20.229 kWh with motion sensors! Similar experiments are being conducted around the world, and based on the results, motion sensors are being integrated into street and parking lot lights, building automation systems, home appliances, hotel and hospital lobbies and rooms, and a host of other industrial, commercial, and residential places.
However, energy saving is not the only benefit of motion sensors; they are utilized for numerous operational purposes. Due to such factors, Asia-Pacific (APAC) has been the largest motion sensor market till now, a situation that is unlikely to change in the coming years. The huge industrial base of China, India, Japan, and South Korea creates a high demand for such instruments.
Similarly, APAC is the largest automotive producer and buyer in the world, thereby propelling the procurement of motion sensors for autonomous and electric vehicles. Additionally, with the rising disposable income of the populace, the sale of connected home automation systems and appliances integrated with motion sensors is surging. Hence, the demand for motion sensors is essentially driven by the vast number of applications they are used for.
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