Daylight Sensor Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Sensor Type, End-use Industry, and Region

The Daylight Sensor Market was valued at US$ 1.76 Bn. in 2020. Global Daylight Sensor Market size is estimated to grow at a CAGR of 20.68%.
Daylight Sensor Market Overview:
Daylight sensor systems enable smart lighting control for energy efficiency. The Daylight sensor is an electronics device, which reads available light and sends a signal to the control system. It is used to adjust the electric light from the interior system of the building to reduce energy consumption. The daylight system provides almost 60% of lighting energy to provide comfort in some areas. It is used to maximize entering natural radiant daylight with the planning of a well-designed lighting system. The daylight harvesting is the important application of daylight sensor, which is used to save the cost of energy.



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The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.
Daylight Sensor Market Dynamics:
Government bodies are implementing norms and regulations because of the environmental concerns, which have led to the growth of the daylighting market across the globe. High cost of electrical energy is creating demand for daylight sensor as daylight sensor, which helps to reduce electricity consumption too. daylight sensors are widely incorporated in open as well as private offices to save significant energy. The requirement for existing renewable energy in concern with the environment is expected to drive the global daylight sensor market in the near future. However, high initial investment and occupancy of the installation of daylight sensor are expected to limit the market growth.

According to the U.S. Department of Energy, lighting sector is accounting more than 35% of electricity usage in commercial buildings. With the consideration of seeking a dramatic reduction in electricity costs, one of the best solutions advised to start with the lights is daylight sensor. A deployment of daylight harvesting program for building lighting is expected deliver energy savings of 20-60% and assurance that occupants have the right amount of light in the space.

Upcoming Smart City Projects in Developing Economies: Drive the Daylight Sensor Market

Many smart city projects are going on across globe, which has presented a huge opportunity for technology companies, daylight sensor manufacturers. The concept of smart cities is becoming identical with smart lighting. The demand for efficient smart lighting solution is expected to drive the adoption of daylight sensors. The main impartial factors of smart city infrastructure are to use electricity more efficiently. Daylight sensor usages scope is expected to increase in the near future because of its feature to help to reduce energy consumption, which is the main objective factor in the smart city infrastructure. Rapid urbanization, trend of the transformation of cities into smart cities. energy efficiency, sustainability of resources, and advancements in digital technologies are expected to drive the demand for daylight sensors. The usages of daylight sensors in smart lighting application are expected to play a significant role in achieving sustainability and energy savings. The need for public safety and communication infrastructure development, increased adoption rate of advanced technologies, growing environmental concerns and integration of innovative technologies are expected to drive the market growth.
Daylight Sensor Market Segment Analysis:
Wireless daylight sensor is most commonly used over wired daylight sensor. The wireless daylight sensor is battery operated sensor, which automatically controls light through RF communication for dimming or switching devices. It acts as an energy-saving sensor along with ease of installation. Wireless daylight sensor has simple calibration, which has daylight compensation through reliable partial open loop control. It is Designed to give a linear response to changes in viewed light level.

The affordability and higher efficiencies are driving the use of daylight sensor in commercial, industrial, and residential buildings. The commercial sector dominance is attributed to the growing consumer awareness about daylight sensor and the adoption of energy-efficient products. Daylight sensor is an energy saving device and provides an automatic power output. Increased demand foran effective lighting system with energy consumption and low cost are expected to drive adoption of daylight sensor in commercial applications. Key players operating in the market are now focusing on maximizing the sensitivity of the daylight sensor, which can provide more accurate results. The technological development in sensor technology will help to penetrate in diverse sectors such as automotive, residential, and many others.
Daylight Sensor Market Regional Insights:
The lighting domain has drastically evolved with the advent of time. Asia Pacific region is projected to be leading region in the global market during the forecast period. An increase in construction activities in the residential sector and commercial sector, rapid urbanization, growth of the automotive and consumer electronics industries and growth in levels of consumer disposable income in developing countries are some of the prominent factors behind the market growth. The daylight sensor market has enormous growth potential in Asia Pacific region as it is used in lighting systems and adopted in various applications mainly in smart offices/workspaces. China is expected to lead the daylight sensor market in APAC because of the effective cost availability for setting up manufacturing plants and constructions of commercial spaces. The presence of manufacturing lighting equipment, economic growth in China, India, and Japan are expected to drive the market growth.

In India, Rapid commercial infrastructure, modernization, development of smart cities and buildings, demand for smart street lighting solutions, and need for energy efficiency are some of the driving factors, which are expected to increase the demand for Daylight Sensor in the near future. With the one of the largest electricity consumers, India has always a larger electricity demand-supply gap. The lighting sector currently accounting more than 18% of total electricity consumption. An increase in consumer awareness in the country with regards to energy conservation and adoption of smart lighting solutions which significantly help in reducing the electricity consumption and bridging the respective gap are expected to drive the market growth.

The objective of the report is to present a comprehensive analysis of the global Daylight Sensor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Daylight Sensor Market dynamic, structure by analyzing the market segments and projecting the Daylight Sensor Market size. Clear representation of competitive analysis of key players by End-use Industry, price, financial position, product portfolio, growth strategies, and regional presence in the Daylight Sensor Market make the report investor’s guide.
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Global Daylight Sensor Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 1.76 Bn.


Forecast Period 2022 to 2027 CAGR:
20.68%
Market Size in 2027:
US $ 6.56 Bn.


 Segments Covered:
by Sensor Type
• Wireless daylight sensor
• Wired daylight sensor


by End-use Industry
• Industrial
• Residential
• Commercial



Global Daylight Sensor Market by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Global Daylight Sensor Market Key Players
• Eaton Corporation
• Lutron Electronics Company
• Acuity Brands
• Zumtobel Group
• Flexonics
• Hubbell Lighting Inc
• Alera Lighting
• Hytronik
• Crestron Electronics, Inc
• ROHM Semiconductor
• Northlight Group LLP
• Kosnic Lighting Ltd
• Cooper Lighting LLC
• Texas Instrument

Frequently Asked Questions:

1] What segments are covered in the Daylight Sensor Market report?
Ans. The segments covered in the Daylight Sensor Market report are based on Sensor Type and End-use Industry.

2] Which region is expected to hold the highest share in the Daylight Sensor Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Daylight Sensor Market.

3] What is the market size of the Daylight Sensor Market by 2027?
Ans. The market size of the Daylight Sensor Market by 2027 is US$ 6.56 Bn.

4] What is the forecast period for the Daylight Sensor Market?
Ans. The forecast period for the Daylight Sensor Market is 2020-2027.

5] What was the market size of the Daylight Sensor Market in 2020?
Ans. The market size of the Daylight Sensor Market in 2020 was US$ 1.76 Bn.