- How are companies using advanced sensors and submeters?
- How has the COVID-19 pandemic and the shift to hybrid working affected adoption of advanced sensors?
- How do trends in new building construction and retrofits affect adoption of submeters?
- How can advanced sensors and submeters help building owners and tenants reduce energy usage?
- How can submeters help building owners and utilities manage customer-side distributed energy resources?
4Q 2023
Advanced Sensors and Submeters
Global Market Analysis and Forecasts for Building and Energy Sensing Hardware: 2023-2032
Sensing technologies provide information on the conditions inside a building: the number of people present, the climate conditions, or how the building’s electrical system is functioning. As connectivity technology has improved, these sensors have been able to connect to building automation systems and inform how different systems impact one another. One example is using occupancy data to communicate to facilities teams whether to clean and service an area, or to shut off the HVAC system.
In office settings, these questions have become more important since the COVID 19 pandemic and the switch to hybrid working. With workforces present only part of the time, companies have become more aware of how they use their working spaces and have adjusted their cleaning and HVAC systems accordingly. In many cases, they have also reduced the square footage of their office space, but upgraded to higher quality space, with the goal of keeping workers happy on the days they work in person.
This Guidehouse Insights study focuses on advanced sensing and submetering technology used in commercial and industrial (C&I) buildings, including offices, factories, warehouses, and educational settings. It reviews the trends among the most prominent types of sensors and submeters, and how they integrate with new technologies such as building automation systems and distributed energy resources. Forecasts for advanced sensor and submeter solutions extend from 2023 to 2032 and are segmented by five global regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Guidehouse Insights expects that global revenues for advanced sensors and submeters will grow from $18.0 billion in 2023 to $28.9 billion in 2032, at a compound annual growth rate (CAGR) of 5.4%.
Pages
29
Tables | Charts | Figures
34
Key Questions Addressed
Who Needs This Report
- Building owners
- Building tenants
- Utilities
- Advanced sensor and submeter hardware vendors
- Advanced sensor and submeter software vendors
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Report Scope
1.3 Global Forecast
2. Market Issues
2.1 Market Overview
2.1.1 Advanced Sensors Applications
2.1.2 Submeter Applications
2.2 Definitions and Types
2.2.1 Advanced Sensors
2.2.1.1 Occupancy Sensors
2.2.1.2 Photosensors
2.2.1.3 CO2 Sensors
2.2.1.4 Humidity Sensors
2.2.1.5 Temperature Sensors and Thermostats
2.2.1.6 Multifunctional Sensors
2.2.2 Electric Submeters
2.3 Drivers
2.4 Barriers
2.5 Pricing
2.6 Connectivity
3. Industry Value Chain
3.1 Pictorial Representation of the Value Chain
3.2 Competitive Landscape
3.2.1 Merger and Acquisition Activities
3.2.2 Business Model Evolution
4. Market Forecasts
4.1 Forecast Methodology
4.2 Market Forecasts
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East & Africa
5. Conclusions and Recommendations
5.1 Three Big Takeaways
5.2 Recommendations
5.2.1 Vendors
5.2.2 Building Owners and Tenants
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Advanced Sensors and Submeters Revenue by Segment, World Markets: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, North America: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Europe: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Asia Pacific: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Latin America: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Middle East & Africa: 2023-2032
- Intelligent Building Value Chain
List of Tables
- Advanced Sensors and Submeters Revenue by Region, World Markets: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, World Markets: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, North America: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Europe: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Asia Pacific: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Latin America: 2023-2032
- Advanced Sensors and Submeters Revenue by Segment, Middle East & Africa: 2023-2032
- Advanced Sensors Revenue by Segment, World Markets: 2023-2032
- Advanced Sensors Revenue by Segment, North America: 2023-2032
- Advanced Sensors Revenue by Segment, Europe: 2023-2032
- Advanced Sensors Revenue by Segment, Asia Pacific: 2023-2032
- Advanced Sensors Revenue by Segment, Latin America: 2023-2032
- Advanced Sensors Revenue by Segment, Middle East & Africa: 2023-2032
- Submeters Revenue by Segment, World Markets: 2023-2032
- Submeters Revenue by Segment, North America: 2023-2032
- Submeters Revenue by Segment, Europe: 2023-2032
- Submeters Revenue by Segment, Asia Pacific: 2023-2032
- Submeters Revenue by Segment, Latin America: 2023-2032
- Submeters Revenue by Segment, Middle East & Africa: 2023-2032
- First-Generation Smart Meter Shipments by Region, World Markets: 2023-2032
- Second-Generation Smart Meter Shipments by Region, World Markets: 2023-2032
- Total Smart Meter Shipments by Region, World Markets: 2023-2032
- First-Generation Smart Meter Revenue by Region, World Markets: 2023-2032
- Second-Generation Smart Meter Revenue by Region, World Markets: 2023-2032
- Total Smart Meter Revenue by Region, World Markets: 2023-2032
- Total Energy Analytics Revenue by Region, World Markets: 2023-2032
- Advanced Sensor and Submeters M&A
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