#Occupancy and Vacancy Sensors Market

[jonslen24]

Occupancy and Vacancy Sensors Market by Suppliers, Manufacturers, Trades and Demands Forecasts till 2030

This report describes the global market size of occupancy and vacancy sensors from 2017 to 2021 and its CAGR from 2017 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 13.5% from 2022 to 2030.

[addindiagroup]

The Impact of Data Analytics on Real Estate: 7 Key Insights

Real estate organisations can see patterns and make better decisions with the help of data analytics. These are seven advantages of data for buyers, developers, and agents.

Almost all facets of the real estate sector are impacted by data collecting and analysis. As more businesses employ algorithms and predictive analytics to spot trends and make better decisions, traditional business models are changing.  

Let's examine more closely how data can be used by real estate companies to analyse and comprehend the market.

1. Geographic Information Systems

Property hunters and investors can find properties more easily since real estate managers have the ability to gather, store, and present geographic intelligence visually. Using data analytics and machine learning algorithms, they can evaluate a location's profitability fast, accounting for factors like ratings, traffic, occupancy, rental income, and return on investment.

2. Competitor Analysis

In any industry, it's important to know what your rivals are up to. Data analytics can be used by real estate investors to investigate their main rivals and determine the elements that lead to their success. Big data research can help businesses distinguish their offerings and find a distinct value proposition by giving them information into the goods, services, sales, and marketing strategies of their rivals. 

3. Predicting Property Potential

Having trustworthy information is essential when investing in real estate. Incorporating local building laws with real-time financial and market data research can offer developers a more comprehensive understanding of the land they are interested in buying. Developers may find it easier to assess a piece of land's possible return on investment by using AI to automate early property study.

Data can also highlight locations with considerable value appreciation and trends that point to a higher return on investment.

4. Building Management

In real estate management, the Internet of Things (IoT) can be a useful instrument. Preventative maintenance can be performed by using data from sensors in heating and cooling systems and home appliances to notify property managers of planned maintenance needs and failures before they become serious problems. Prescriptive analytics of this kind reduces expenses while enhancing the tenant experience.

5. Advanced Search

Accurate and precise information is essential for customers buying real estate. Data analytics gives buyers and realtors the ability to do sophisticated searches for properties based on parameters like neighbourhood, location, and crime rate. Users may get comprehensive details about the restaurants, grocery stores, malls, schools, and overall safety of the area before making an offer.

6. Predicting Consumer Behavior

Additionally, data analytics can forecast consumer behaviour. By analysing information such as mortgage payments, home equity, property age, and length of ownership, agents can determine whether a client is ready to sell. Predictive analytics of this kind can yield more qualified leads and meaningful insights on trends suggesting property potential. 

7. Modelling Building Performance

Investors need comprehensive information on rental rates, vacancy rates, energy usage, and maintenance expenses in order to make wise purchasing decisions. In order to make decisions about commercial investments, they also require trend data on employment rates and customer behaviour. Developers and investors can make 3D models that maximise and use space more effectively by using this information. Source Link : https://addindiagroup.com/the-impact-of-data-analytics-on-real-estate-7-key-insights/

[smartzinc]

Rent Smarter: Attracting Tenants with Modern Conveniences and Smart Devices

Renters are no longer just looking for a roof over their heads. They're seeking smart, connected living experiences that enhance their comfort, convenience, and security. Property managers who understand this shift in expectations can gain a significant competitive edge by incorporating modern conveniences and smart devices into their rental offerings.

Why Modern Matters:

The appeal of modern conveniences is undeniable. Imagine a tenant returning home to a perfectly pre-heated apartment, controlled remotely with their smartphone. Or picture them enjoying the peace of mind knowing their home is secure with smart locks and monitored by motion-sensitive cameras. These features aren't just futuristic fantasies; they're becoming increasingly common expectations for discerning renters.

Benefits for Both Sides:

Integrating smart devices and modern conveniences offers a win-win situation for both property managers and tenants. Tenants enjoy the enhanced comfort and control, while managers benefit from:

Increased occupancy rates: Modern amenities can attract a wider pool of potential renters, leading to faster lease-ups and reduced vacancy periods.

Higher rental premiums: Properties equipped with smart features often command higher rents than traditional units.

Improved tenant satisfaction: When tenants feel comfortable and secure, they're more likely to renew their leases and recommend your properties to others.

Reduced operational costs: Smart thermostats and lighting systems can optimize energy consumption, leading to lower utility bills.

Streamlined maintenance: Remote monitoring and diagnostics can help identify and address potential issues before they become major problems.

Examples of Modern Conveniences:

There are countless ways to incorporate modern conveniences into your rental properties. Here are a few popular options:

Smart thermostats: Allow tenants to control their home's temperature remotely, saving energy and money.

Smart locks: Offer keyless entry for added security and convenience.

Smart lighting: Enable tenants to control lights remotely and create customized lighting scenes.

Smart appliances: From refrigerators that automatically order groceries to ovens that preheat remotely, smart appliances offer enhanced functionality and convenience.

Security systems: Provide peace of mind with smart cameras, motion sensors, and alarms.

High-speed internet: Ensure seamless connectivity for work, entertainment, and smart device functionality.

The Key to Success:

While incorporating modern conveniences is crucial, it's important to do so strategically. Consider your target audience, their needs, and your budget. Start with a few key features that offer the most significant impact and gradually expand your offerings as needed. Additionally, ensure the devices and systems you choose are user-friendly and reliable.

Embrace the Future:

By embracing modern conveniences and smart devices, property managers can create rental experiences that attract and retain tenants in a competitive market. By offering the connected living spaces that today's renters crave, you can ensure your properties remain relevant and desirable in the ever-evolving world of real estate.

[tracybarkalow]

Tech-Forward Trends: Revolutionizing Commercial Real Estate

In an era marked by rapid technological advancements, industries worldwide are undergoing profound transformations, and commercial real estate is no exception. The integration of technology in the commercial real estate sector has ushered in a new era of efficiency, sustainability, and innovation. From intelligent buildings equipped with cutting-edge IoT sensors to predictive analytics revolutionizing property management, technology is reshaping the landscape of commercial real estate in unprecedented ways.

Intelligent Buildings: Pioneering the Future of Real Estate

At the forefront of this technological revolution are intelligent buildings, which leverage interconnected devices and sensors to enhance operational efficiency, optimize resource utilization, and improve tenant experiences. These buildings are equipped with a plethora of IoT-enabled devices that collect and analyze data in real time, offering invaluable insights into various aspects of building performance.

One of the primary benefits of intelligent buildings is their ability to optimize energy consumption. By monitoring and controlling lighting, heating, ventilation, and air conditioning (HVAC) systems in real time, these buildings can significantly reduce energy waste and lower operating costs. Additionally, advanced analytics algorithms can predict energy usage patterns, allowing building managers to implement proactive measures to enhance efficiency further.

Moreover, intelligent buildings prioritize occupant comfort and well-being by utilizing sensors to monitor indoor air quality, temperature, and occupancy levels. This data enables building managers to adjust environmental conditions to meet the preferences of tenants, thereby enhancing productivity and satisfaction.

Enhancing Operational Efficiency with PropTech Solutions

In addition to intelligent buildings, the commercial real estate industry is increasingly embracing a wide array of property technology (PropTech) solutions to streamline operations and enhance decision-making processes. These technologies encompass a diverse range of applications, including property management software, virtual reality (VR) tours, and digital transaction platforms.

Property management software, for instance, enables real estate professionals to automate routine tasks such as lease administration, rent collection, and maintenance scheduling. By digitizing these processes, property managers can save time, reduce administrative overhead, and improve overall operational efficiency.

Furthermore, VR technology is revolutionizing the way commercial real estate is marketed and sold. Virtual property tours allow prospective tenants and buyers to explore spaces remotely, providing an immersive and interactive experience that transcends traditional marketing methods. This not only saves time and resources but also enables stakeholders to make more informed decisions about potential properties.

Digital transaction platforms are also transforming the way transactions are conducted in the commercial real estate market. By facilitating secure, transparent, and efficient transactions, these platforms streamline the buying, selling, and leasing processes, reducing friction and accelerating deal closures.

The Rise of Data-Driven Decision Making

Perhaps one of the most significant impacts of technology on commercial real estate is the democratization of data and the rise of data-driven decision-making. With the proliferation of digital tools and platforms, stakeholders now have access to vast amounts of data pertaining to market trends, property performance, tenant behavior, and more.

By harnessing the power of data analytics and predictive modeling, real estate professionals can gain deeper insights into market dynamics and make more informed investment decisions. For example, predictive analytics algorithms can forecast future rental yields, property values, and vacancy rates, enabling investors to identify lucrative opportunities and mitigate risks.

Furthermore, data-driven insights allow property managers to optimize portfolio performance and maximize asset value. By analyzing tenant demographics, leasing patterns, and space utilization metrics, managers can tailor leasing strategies, identify opportunities for space optimization, and enhance tenant retention.

Looking Ahead: Embracing Innovation in Commercial Real Estate

As technology continues to evolve at a rapid pace, the commercial real estate industry must remain agile and adaptable to capitalize on emerging opportunities. From embracing sustainable building practices to harnessing the power of artificial intelligence and machine learning, there are countless possibilities for innovation and growth.

Moreover, as the world grapples with the challenges posed by climate change and urbanization, technology will play a crucial role in creating more resilient, efficient, and sustainable built environments. By leveraging technologies such as renewable energy systems, green building materials, and decentralized energy grids, the commercial real estate sector can reduce its environmental footprint and contribute to a more sustainable future.

The role of technology in commercial real estate is multifaceted and ever-evolving. From intelligent buildings and PropTech solutions to data analytics and sustainable practices, technology is driving unprecedented transformation and innovation across the industry. By embracing these technological advancements and adopting a forward-thinking mindset, stakeholders can unlock new opportunities, enhance operational efficiency, and create value in an increasingly digital world.

[perisafesecurity-blog]

Do home security cameras typically deter burglars? Why?

Do home security cameras typically deter burglars? Why?

Security cameras definitely deter burglars braking into your premises.

CCTV as a deterrent tool to reduce crime rate is becoming a trend since the price installing a home security is relatively affordable, compared to commercial security systems, and this is because there are a lot of manufacturers entering this market, making the market no longer just for enterprises but also for small business. After all this, is it worthy installing a home security system to scare burglars away is quiet often asked?

Home burglary statistics in Queensland

In Queensland, every 1 of 500 people sees theft stealing, and every 1 of 1500 people experiences unlawful entry every day.

To make it clearer, the most recent report from Australian government says during 2016-17, 2.0% of households in Queensland experienced a break-in, and an estimated 2.2% of households in Queensland experienced an attempted break-in.

"During 2016-17 in Queensland 2.0% of households experienced a break-in 2.2% of households experienced an attempted break-in"  -- Australian Institute of Criminology

Besides, an estimated 4.0% of households experienced malicious property damage in Queensland.  

The change in victimization rates of crime over time in Queensland is shown below (fig.1)

Let’s take Sunnybank as an example, during the last year (November 2017 – November 2018) there are 588 offences as in unlawful entry, other theft and other property damage.

Furthermore, there are 2905 offences in Brisbane City, 548 offences in Ipswich and 459 in West End.

So, these offences are really happening on a daily basis and there are some cases are not reported due to various reasons.

Effectiveness of CCTV in reducing crime

According to Australian Institute of Criminology’s report (Police detainee perspectives on CCTV, n.d.),  the most recent report shows 69% of the detainees (619 out of 899) think CCTV is effective as a crime prevention tool, while 21% (193 out of 899) thought it is not effective.

"69% of detainees recognize CCTV is effective at preventing crimes."  -- Australian Institute of Criminology

A subsequent question involved 504 out of 619 detainees who think CCTV is very effective or effective shows

The perceptions about the crime CCTV is very effective at preventing

·         Assault (16.68%)1st

·         Theft (11.79%)2nd

·         Robbery (9.12%)3th

·         Shoplifting (9.01%)

·         Burglary (8.78%)

The perceptions about the crime CCTV is effective at preventing

·         Assault (15.41%)1st

·         Theft (14.25%)2nd

·         Shoplifting (10.40%)3th

·         Robbery (8.86%)

·         Burglary (7.70%)

The other survey of Drug Use Monitoring in Australia(DUMA) detainees in 2015 showed why property crime is happening in the first place and the detainees think improved security is the main tool may decrease property crime rates.

"Detainees predominately think improved security may decrease property crime rates."  -- Drug Use Monitoring in Australia (DUMA)

Therefore, do CCTV home security cameras deter crime in terms of theft or burglary? The answer is definitely yes.

How burglars pick a house?

According to Australian Institute of Criminology’s report, 32.8% of offenders described their burglaries as ‘planned’. But, the majority (57.8%) said the burglary offences were unplanned. For these who admitted planning their burglaries described how they did it:

Scoping the premises before breaking in, identifying –

No alarm system/limited security;

No dogs;

Sites with desired goods to steal.

Vacancy of premises:

Absence of signs of movement/occupation;

No cars in driveway;

No response after knocking on doors.

Property characteristics:

Wide driveway;

Distal proximity of neighbours;

Open doors/windows.

Involvement of others:

Briefing/recruiting friends.

Organization

Carrying tools to facilitate the break and enter

So, what’s the time do burglars break in?

43.1% report will do it during the hours of 6 pm – 7 am

However, this data regarding time would be a bit outdated, the most recent report form Queensland police said the rates start to climb at 7 am till 10 am, and after that the peak will be reached and fluctuates during the hours of 12 pm - 12 am, and after 12 am the rates start to decrease.

Let’s take West End, Inala and Sunnybank as an example, the time table shown below indicates the trend in a day.

Whenever they enter the house, the ways they using to enter the house are:

Unlocked doors or windows (66.2%)

Braking the doors or windows (33.8%)

Unexpectedly, the intrusion will not be entirely stopped even if the owner is in the house, 46.2% said if the intrusion won’t be detected they will still brake in.  

Once inside the premises, 46% reported staying inside the property for 5 to 15 minutes

Participants were asked the common mistakes made by homeowners, and these mistakes made the house a target:

Doors/windows open (approx. 70%)

Minimal security (approx. 40%)

Easy to enter backyards (approx. 25%)

Detectable keys (approx. 10%)

False security (approx. 10%)

For burglary crime, cash, laptops, jewelry, cameras, mobile phone are the most popular items being taken by the thief.

Why integrated solutions are important now?

It’s cost effective.

Basically, CCTV and intrusion are two separate systems.

CCTV cameras are mainly recording video and if there is anything happens the footage will be asked to provide to police. Good cameras have relay function which can trigger some of the electronic or electrical devices.

Intruder systems are also known as alarm systems,and an intrusion system normally includes numbers of door/window sensors connected to a panel. Once there is any intrusion happened, a siren will be activated and a phone call will be made simultaneously.

An integrated solution is not numbers of systems run at the same time. An integrated solution is a system with interoperability combining different types of products from different manufacturers. Sometimes, combining different type of products with the same brand, or different brands with the same type of products.

Recent years, smart TV is getting really popular because it can watch programs from satellite, cable, antenna or internet and apps can be installed to watch streams online and it can control some devices. This is a perfect example for interoperability, just one place and doing everything.

For residential usage, smart home is able to integrate CCTV, intrusion and home automation all together, and the solution is highly scalable. You can add/remove/move any part in the system without hindering the system’s running. Although the price for devices may be more expensive, but the future labor cost and maintenance cost will be much less than the traditional systems.

If there is any question, please leave us a message!

Reference:

http://www.abs.gov.au

https://aic.gov.au/

https://mypolice.qld.gov.au

[latestmarketshare]

Occupant Sensor Market - Forecast(2022 - 2027)

The global Occupant Sensor Market is estimated to surpass $3.5 billion mark by 2026 growing at an estimated CAGR of more than 9.8% during the forecast period 2021 to 2026. Occupancy sensor are special sensors integrated in vehicles seats which detects when the seat is occupied. Occupancy sensor can also identify the whether the occupant has put on the seat belt and if the occupant has failed to put on the seat belt the sensors which are integrated in the seat will trigger an alarm. The surging demand for road safety in automobiles pertaining to driver safety and stringent government regulations related to occupant safety will boost the Occupant Sensors market. The market is driven by declining prices of the safety systems in passenger vehicles. The market is also driven by increasing number of accidents and stringent government regulations.

Occupant Sensor Market Segment Analysis - By Sensor Type

An occupant sensing system is one of the indoor motion detecting devices. It is also termed as vacancy sensor. PIR sensors, environmental sensors, ultrasonic sensors, keycard light slots, smart meters, and microwave sensors are some of the different occupancy sensor types available. Out of these, ultrasonic sensors, image processing sensors, and microwave sensors are widely used in lighting control. keycard light slots are useful in hotel energy management as it indicates the occupancy of a hotel room so that light a and thermostats get activated accordingly if occupied.

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Occupant Sensor Market Segment Analysis - By Vehicle Type

Passenger vehicles are the type of vehicles which are used by people for self-transportation. However, these vehicles are not used for commercial applications. The sale of these vehicles have been increasing in the recent times. The automotive sector has seen a growing inclination towards the safety and comfort of the passenger over the years. This focus on safety of the passengers/driver is illustrated by the steps taken by automotive manufacturers, such as introduction of seat belts, air-bags and ABS (anti-lock braking) in the vehicles, also by government legislation making such devices compulsory. But with the advent of electronics and the internet connectivity, we have seen a quantum leap in the services now, available to make the vehicle safe as well as comfortable for the driver.

Occupant Sensor Market Segment Analysis - By Geography

Automotive related fatalities are worldwide occurrences projecting occupant sensing market a sector with ample opportunities and demand. But, an analysis of the regional market business insights states APAC as the most lucrative marketplace in terms of global demand. Configured with economies such as Japan, India and China with their flourishing automotive manufacturing nucleus, APAC in 2020 occupied 36.9% share in global Occupant Sensor market demand. Increasing disposable income amalgamated with purchasing power of consumers have encouraged consumers to invest in their safety and security during transit. In the US, government terms and policies will drive the demand for Occupant Sensors in the region. The motorization rate in US has grown higher than the rest of North America due to low availability of transportation services. In Canada, the latest advancements in sensors and wireless technologies spurs the demand for smart system adoption in vehicles. This factor also drives the growth of occupancy detection in Americas.

Occupant Sensor Market Drivers

Integration of Health Monitoring in Vehicles

The assimilation of health monitoring system in cars by evolving seat sensor technology is improving its applications for analyzing the health of the occupant. If the occupant has any sudden health issues like heart attack, panic attack, the sensors detects the occupants ailment which are linked to cloud based internet services that will spontaneously redirect the information to any healthcare or emergency facilities nearby. Collision detection and avoidance systems are on the radar of innovation for automotive manufacturers with Occupant Sensors being a vital element of such mechanisms

Shift to a B2C Based approach

There are two ways the business is performed. In the B2B model, the system is sold to the Big market players in the motor vehicles segment for integration of the system with their vehicle from where the product reaches to the end user who are not the consumers in this model of business. This is the primary model currently used. However B2C or business to customer model, wherein the end user forms the consumer base as well, is witnessing significant adoption growth. The supply chain is slightly different in the sense that the end product now, rather than going to a vehicle manufacturing for integration with their vehicle, the product is supplied to a retailer to sell it to the end user directly. This system has an added advantage that the latest technology can be accommodated to keep up the modified norms for driver safety system, thus driving aftermarket demand.

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Occupant Sensor Market Challenges

High Cost of Occupant Sensors

The main challenge faced by key market players is the exorbitant retail price of Occupant Sensors. One of the major challenge hindering the market growth is the exuberant pricing of vehicles loaded with cutting-edge technology such as Occupant Sensor. However, consistent enforcement by federal authorities regarding vehicle occupant safety is forcing the automotive manufacturers to employ Occupant Sensor is premium as well as budget segment, thus establishing the occupant sensing market as an imperative association.

Occupant Sensor Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Occupant Sensor Market. Analog, Texas Instruments, Lutron, Acuity Brands, Inc., Eaton Corporation PLC, General Electric Company, Honeywell International, Inc. and Hubbell Incorporated are considered to be the key players of the Occupant Sensor Market.

Acquisitions/Technology Launches/Partnerships

In 2017, Delphi Automotive plc, a global leader in OSS market confirmed an agreement with Great Wall Motor Co., a Chinese automotive giant for supplying Occupant Sensors along with scanners and radar for latest SUV models output by Great Wall Motor Co.

ZF TRW opens new crash testing facility in China as OSS testing and validation program is a crucial part of research and development and the overall business strategy. This will allow ZF to expand presence in local Chinese market with testing specifically for the region.

Key Takeaways

Many luxury automotive companies are working on sensors which could detect the position of the occupant by using brain waves. These sensors could also give information when the driver is about to make any sudden driving action like braking and turning. By using brain waves the comfort of the occupant is enhanced by adjusting the seat according to the requirements of the occupant.

The increasing strict vehicular safety ruling the occupant safety market is set to witness an energetic growth in future passenger vehicles.

The seat occupancy sensor is a soft, and compliant sensor whose wide range application is to measure the spatial distribution of pressures in a car to optimize the classification of the passengers in an automobile.

Related Reports :

A. Occupant Sensing System (OSS) Market

https://www.industryarc.com/Report/16325/occupant-sensing-system-oss-market.html

B. Occupant Classification System Market

https://www.industryarc.com/Research/Occupant-Classification-System-Market-Research-501155

For more Automotive Market reports, please click here

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[greatreviewreview]

Building efficiency begins with lighting design and controls in step with the space

At the surface level, lighting is the application of light to spaces and simply serves as a prerequisite for visualization. However, because our impression of a space happens via sight, commercial lighting not only becomes a necessity for vision but a medium for perception. This means the type of lighting fixtures selected, in what location they are installed, and at what light levels they are set can drastically impact people’s perception of a building and the work being done within it.

At this point in LED technology development, there is no shortage of literature on the many benefits of LED highbay light. Objectives of LED lighting increasing comfort in spaces, boosting morale, and reducing energy waste have been well documented and the evidence in favor of LED solutions over outdated fixture types is overwhelming. With the maturity of the LED market and reduction in product costs that aid in generating competitive return on investment (ROI), there is no argument against the investment. However, a successful LED lighting project lies at the intersection of design, product selection, and the fundamental client necessity for light in a space. The lighting designer/specifier or installer needs to clearly align the objectives and the value of each criterion considered for the space in collaboration with the facilities manager or building owner.

Designing solutions to fit the space

At the core of every lighting project is the solutions design. True to the title, LED panel light design is the process of delivering the necessary lighting to an area, but to better expatiate on the importance of the job, it is important to differentiate between the commodity of “light” versus the asset of “lighting.” Lighting is an investment that can be very advantageous to an organization and should be carefully considered. Every project starts with a conversation about necessity.

In order for the lighting to best support the client’s goals, project managers and designers need to know the organization, who will be using the space and their lighting needs, characteristics of the building, importance of energy efficiency and budget, restrictions based on geographical location, and much more. Based on what the owner wants to communicate through lighting, decisions on quantity of light, color quality, brightness, and direction can be determined.

The importance of an open dialogue between a building owner and the project manager cannot be stressed enough. Lighting designs cater to the building and work being done which in turn leads every project to a custom solution in terms of size, style, and programmatic requirements. In addition to discussion, it is beneficial for a facility to take advantage of audits in which experts can determine the heavier traffic areas of the building and select the fixture types that would be most advantageous. With proper identification of LED opportunities for retrofits and thoughtful coordination of the building systems, solutions can be designed with consideration to specific needs.

For example, spaces without access to natural sunlight, such as warehouses and mechanical shops, may place importance on implementing LEDs with color temperatures that mimic daylight and allow for circadian stimulus. Advantages like this — which can only be gained through the creation of custom LED design — are leveraged to create an environment that is more sustainable, flexible, and enhances the experience of inhabitants while still meeting safety and visibility requirements.

Product specification

Design works in concurrence with product selection, or specification. While considering the more human-centric aspects of lighting needs, it is also critical to assess the quality of the product, longevity, and controllability. Is there a chance the space may change over time? If so, how will the lighting demonstrate flexibility and ability to augment? To reiterate, deploying LED solutions is an investment, so it is important that the lighting fixtures both fit the logistical needs of the building and abide despite future changes. Incorporating these considerations into a lighting design will not hinder finding the perfect fit, either. Due to the advancement in LED technology, clients are able to select from a wide variety of LED products, but must make sure to prioritize the appropriate light levels for their building.

Ample lighting in an office space, for example, keeps employees alert and the higher visibility allows them to yield accurate results. If the space is underlit, it may have adverse effects on productivity, health, motivation, and even employee retention. Light levels that are too high prove to be just as bad and consume unnecessary energy. Successful lighting design and product selection takes efficiency into account to best make a building sustainable while maintaining an attractive ROI. This can be done by investing in LED light fixtures with higher lumens per watt that provide sufficient light while consuming less energy. For the slightly higher initial cost of efficient LED lighting, organizations can save significantly in the long run through decreased maintenance costs, lower utility bills, and utility incentive programs intended to help offset the initial installation cost of such solutions.

As established, lighting plays a critical role in how a space is perceived. However, lighting decisions can influence performance, mood, morale, safety, security, decisions, and actions as well. Lighting design and product selection allows for optimal lighting depending on the goal of the building and people within.

For example, fixtures with low color temperatures, which are considered warm and relaxing, may be specified for homes and restaurants where the goal is to feel at ease and there is generally no reason to be on high alert. The same fixtures would not be suitable for a commercial and industrial (C&I) environment since the effect from the lights would be counterproductive. Instead, the fixtures in C&I settings are often designed with high color temperatures that can increase awareness and energize. These spaces rely heavily on visibility in order to perform high-precision manufacturing tasks. LED flood light in spaces in which people are expected to concentrate for long periods of time, such as classrooms and offices, are typically designed to have a neutral color temperature so as not to be over- or under-stimulating.

When it comes to specifics like a warehouse facility or a laboratory, they differ quite a bit. There are many aspects of the two workspaces that contribute to the lighting choices. For example, the core differentiating features of a warehouse facility is overall building design, ceiling height, and loading capability. Warehouses are also the largest industrial real estate category, which sets it apart in terms of number of fixtures and light levels. To maximize space utilization, most warehouses employ rows of tall shelving, which results in narrow aisles that are challenging to light, with a "cavernous" effect. In designing a lighting solution, the top priority is visibility as it correlates to employee morale, productivity, and reduction in error, which in turn decreases cost.

While working with precision and delicate materials in a laboratory, visibility is paramount but for different tasks and in a completely different environment. Lighting for a laboratory would be designed to be extremely bright for the essential work as well as to contribute to the perception of cleanliness and making the space look sterile.

Even if two light sources have the same correlated color temperature, the color rendering index (CRI), which is used to describe how faithfully the light source renders the color of objects, may still differ. CRI is especially important when designing lighting for places such as grocery stores and other retail locations where the product appearance greatly influences the business. The same strong light in a retail store that favorably accentuates the merchandise and influences customers to purchase more may be fatiguing in an office space.

Controls are key to lighting success

Controls are paramount when discussing LED canopy light design and product selection. Lighting controls are integrated, programmable systems that allow fixtures to deliver the correct levels of light at the correct time to best maximize efficiency. They can practically be broken down into levels that allow options for managing lighting systems.

The first level can be described as relying on manual adjustment in which users can manage individual programmed occupancy sensors or non-programmable ceiling sensors. On this basic tier of controls, there is no ability to control lighting levels beyond a simple wall dimmer switch. Tier two allows for wireless integration directly from the fixture to a device. This level of controls can include sensors that have the capability to identify occupancy and vacancy of rooms and change levels based on select settings. In other words, unoccupied rooms will reduce light levels by a certain amount to conserve energy.

The second level of controls also allow for high-end trimming or output adjustment of lights. Since LED fixtures typically produce higher lumen output than the fixtures they replace, the fixture output can be raised to match the standard needs for the space. Along with this, the trim can account for the LED’s degradation over time and provide the originally desired light level. The low-end trim defines the lowest light level and ensures that the lights do not turn off when dimmed to the lowest capability. This is important for datacenter facilities, for example, as they contain rows of equipment that can obscure a person from motion sensor control. If the system goes into an unoccupied mode, the trim prevents all the lights from turning off and creating a safety hazard. The design may include that the trim be 10%, which would provide visibility even if the sensors are obscured and the lights are not at the optimal levels. Additionally, datacenters often control lighting by grouping fixtures and programming different sets based on various needs by using individual auxiliary sensors. This allows for control concurrency and can be regrouped depending on the layout of the space.

The highest level of controls includes all the benefits mentioned previously in the second level, with the added benefit of being integrated directly into the building management system. In other words, a building manager could potentially have its HVAC system respond in direct relation to the occupancy sensor used for the LED lighting system, which would provide much more granular control of the building’s total mechanical system. Depending on what is needed in the space, controls can be used as a powerful means to customize lighting further than initial product selection and installations.

[shivani111blog]

Property Management Market Research Report - Global Forecast till 2025

Property Management Market Research Report - Global Forecast till 2025

 Market Snapshot

Property management market is a software application tool that helps property managers, property owners, real estate accountants, and other stakeholders to manage rental properties efficiently. These properties include commercial as well as residential spaces that the property manager manages on behalf of its owner. This software helps in streamlining day to day tasks of property managers, thereby reducing the overall time and cost invested in managing the real estate business. For decades, property managers/agents, owners, and accountants have used emails for communication and papers and open-source spreadsheets to record financial transactions, inspection notes, and tenant requests. However, with the introduction of comprehensive property management tools, a number of property managers and other stakeholders have shifted toward the software solutions to streamline their real estate business operations. Therefore, the property management market is driven by the growing need among end users to efficiently manage the real estate business. Further, the introduction of the cloud-based deployment model is expected to boost the adoption of property management solutions.

Property management software has several features including property accounting, contract administration, document management, monitoring of occupancy & vacancy, and analytics among others. The property accounting feature of the software helps end-users to track budget, rent, and other payments. The contract administration and document management feature of the software helps in monitoring and managing the leasing contract of tenants. The monitoring of occupancy and vacancy feature of the tool provides insights about the occupancy and vacancy of the property facilitated by the collection of real-time data through IoT sensors. The analytics feature of the software provides data on customer lifecycle, value of monthly rent by state or province, and predictive trend on tenant’s payments. There are two types of property management software available in the market: server-based or on-premise solution and web-based or cloud-based solution. The server-based property management solution can be installed on the system of the end-user. The data is stored on the on-site server and therefore a dedicated IT team is required to implement, maintain, and upgrade the same. On the other hand, a web-based or cloud-based property management solution does not require the end-user to install the software on the computer. End users simply can log in from any system and use the tool. In this case, the entire data is managed by the third-party providers which frees the user from additional IT expenses.

A survey conducted by Buildium (a property management solution provider) in 2018, stated various challenges faced by property managers. The top challenges listed in the survey were related to property maintenance, accounting & bookkeeping, managing tenant’s documents, and managing the property portfolio. To overcome these challenges, property managers are significantly investing in property management solutions. The survey also stated that, as of 2018, nearly 77% (of those surveyed) were using property management software for managing their businesses. End users who have deployed property management software have witnessed a significant increase in their revenue. The software has also helped them to effectively organize tasks, track their finance, and simplify the rent collection process.

The property management market comprises several players who offer various types of solutions. For instance, IBM offers property management solutions equipped with advanced analytics technology. The company’s Watson analytics integrated with the property management solution provides data related to lease and its maturity date, monthly rent and past due amounts, predictive trend of business paying late, and common area of maintenance of the property among others.   

The Global Property Management Market is expected to expand at 7.3% CAGR during the forecast period to reach USD 21.4 Billion by 2025.

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  Key Developments  

In July 2018, Trimble Inc. acquired Viewpoint, a provider of construction     management software.  The acquisition is expected to help Trimble to     enhance the features of its property management solution.

In June 2018, Yardi Systems, Inc. partnered with Liberty Property Trust (a     commercial property owner and management firm) to offer the Yardi voyager     software to Liberty Trust to eliminate time-consuming manual processes.

In June 2018, Accruent announced the agreement to acquire Maintenance     Connection, the provider of Computerized Maintenance Management System     (CMMS). The acquisition will help the company in providing data-driven     insights with the help of M2M predictive analytics.

In June 2018, RealPage, Inc. partnered with Princeton Property Management to     implement the real page solution at 190 properties including approximately     11,000 units under its management across the Pacific Northwest, US.

 Regional Analysis

Geographically, the global property management market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

North America leads the market in terms of market share in the property management market. Some of the factors that are responsible for the growth of the market include increasing housing development in the region as well growing investment by real-estate agents in various advanced technologies

Europe has occupied the second position in the market. Europe has been segmented into the UK, Germany, France, Spain, Italy, and the rest of Europe. According to the MRFR analysis, the UK is expected to gain the highest market share, followed by Germany and France.

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A Developer’s View on Seattle’s Multifamily Market

James Wong, Co-Founder & CEO of Vibrant Cities. Image courtesy of Vibrant Cities

Driven by positive demographic trends and its tech industry, and despite significant completions during the past few years, Seattle’s steady economic expansion has pressured developers to build, in order to keep up with demand. However, as the coronavirus crisis unfolds, disruption is impossible to avoid. Washington is among the few states in the country that defined residential construction as nonessential during the worldwide health crisis, which has forced developers to cease activity at all construction sites until May 4. 

READ ALSO: Coronavirus Causing Construction Delays

With roughly two decades of experience in the industry, Vibrant Cities Co-Founder & CEO James Wong considers the coronavirus outbreak to be the recession many anticipated. In an interview with Multi-Housing News, he explained why Seattle’s strong multifamily housing fundamentals will be instrumental in the metro’s recovery, and provided details on his company’s projects.

What has been driving Seattle’s strong economic expansion so far?

Wong: The economic expansion over the last several years has been driven in large part by strong job growth from the tech sector, led by Amazon and Microsoft, which are headquartered here in the Pacific Northwest, followed by others such as Google, Facebook, Apple, Tableau and F5 Networks, which are all growing their teams in our region. A Facebook representative even stated that within the next five years, they will have more employees in the Pacific Northwest than in Silicon Valley.

With such a workforce, can Seattle’s multifamily market get through the coronavirus crisis without significant impact?

Wong: Prior to COVID-19, Seattle was one of the top three job growth cities in our nation. I believe once we get through this, Seattle will still be one of the strongest growth cities again. I think this might be the recession that many of us were anticipating—as we were at the tail end of a protracted cycle—but because the fundamentals are strong and the demand for housing is still high, we’re hoping this will be a V-shaped recession rather than a longer U-shaped one.

With strong multifamily deliveries during the past few years, how has housing demand been performing in the metro until now?

Wong: Even with our strong multifamily deliveries, vacancies have remained low, coming in below 5 percent in 2019. Our industry was responding to the strong demand for new housing, due to people moving into the greater Seattle area because of our robust job growth. The COVID-19 situation will possibly disrupt this in the short term.

Tell us about the multifamily projects you are currently working on. How has the coronavirus outbreak affected your development timelines? 

Wong: We currently have four projects under construction representing 400-plus units, with another two projects ready to start construction within 90 days, representing another 300 units. Because the governor’s stay-at-home emergency order was recently extended for a month, our construction timelines are being pushed out.

What sustainability features do you usually integrate into the communities you build?

Wong: We conserve energy in several ways, including the use of smart home features, occupancy sensors and LED lighting, and also through daylighting, where connecting interior to exterior spaces is a design priority. We use highly efficient mechanical and electrical equipment and appliances. We employ water-efficient strategies through highly efficient irrigation and reclaimed water. We also use recycled materials and low-VOC paint, where appropriate.

READ ALSO: COVID-19 Hit on Multifamily Will Be ‘Modest’

What can you tell us about the micro-unit movement in Seattle? Will it be a long-term trend? 

Wong: Micro units are here to stay in Seattle. They are a way to help more people live affordably in the city, which is in alignment with the City of Seattle’s desire to provide additional housing supply to help address the current housing crisis. Legislative actions and administrative policy shifts aside, large world-class cities like New York, Boston and Los Angeles all have, and support, micro housing, and it’s just a matter of time before Seattle is on board as well.

How do you expect the Seattle multifamily market to perform in the foreseeable future, considering the current economic situation?

Wong: The COVID-19 situation is an unprecedented cessation of revenue for many individuals and the full effects of it are still uncertain. However, the fundamentals in the Seattle market are still strong. This is not a foundational economic problem in the region. Knowledge workers, who arguably are responsible for a large part of the growth in Seattle, are still going to be in high demand once this crisis passes, and there is still not enough supply of multifamily housing to meet that demand. We anticipate that the recovery will be strong and we have been making prudent decisions to prepare ourselves for that recovery.

Original Source of Article

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Infrared Sensor Market – The Growth Of Advanced Lighting Technologies

As per the latest report of Transparency Market Research on the global infrared sensor market, some of the major companies operating in this market include Murata Manufacturing, Hamamatsu Photonics, Excelitas Technologies, FLIR Systems, Teledyne and Raytheon. These prominent companies are focusing on channeling their resources on technological innovation in order to introduce new and better infrared sensors in the market, and thereby cement their market dominance. Such kind of developments are also slated to make the competition tough in the global infrared sensor market. In the case of Murata Manufacturing, the company has developed various type of infrared sensors which are even used in smart phone applications. The company is contributing to the growth of advanced lighting technologies, with products and services that include sensor control solutions. In the realm of automotive electronics industry, Murata offers components such as sensor supporting ceramics and driving comfort that are capable of enduring extreme operating conditions. Hamamatsu Photonics is involved in the manufacturing of optical sensors which include photomultiplier tubes, electric light sources, and other optical devices used for the measurement and generation of visible, infrared and ultraviolet light. The company is also heavily focusing on research and development in order to introduce new and innovative products in the market.

As per the assessment of Transparency Market Research, the global infrared sensor market was valued at US$ 295.1 Mn in 2017 and is expected to reach a valuation of US$ 692.8 Mn in 2024 end, displaying a CAGR of 12.9% during the period of assessment 2017-2024.

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Global Infrared Sensor Market: Market Dynamics

With the enormous advancements in technological evolution, the present day infrared sensors are lightweight, affordable and consume lesser power. Such type of advantages are boosting the global infrared sensor market with their applications in various type of industries ranging from defense to IoT and energy conservation. In the context of military applications, infrared light can be detected from a vast distance and this enables the detection of movements in real time, thus improving situational awareness and proving to be a boon for security applications. Infrared sensors are also widely used in industrial applications, where they are required to measure the thermal radiation that is emitted from powerful motors and equipment without coming in contact with them. Infrared sensors are also employed in the making of occupancy and vacancy sensors that help in detecting the presence of a moving object and thereby control the operation of different lighting applications and this helps in conservation of energy. In addition, the rising demand of wearable technology is slated to increase the demand of infrared sensors in the consumer electronics segment.

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Wired Occupancy Sensors Market from 2018-2022: Growth Analysis by Manufacturers, Regions, Types and Applications

Wired Occupancy Sensors Market is estimated to display a momentous growth in the near future owing to augmentation in the applications and widening up of the scope around the world. Wired Occupancy sensors refers to an arrangement that turns the light on and switches it off spontaneously relying on the vacancy. It aids in bringing convenience and simplicity in the life giving rise to the conservation of energy. As we all are aware, energy saving has remained a serious issue in the world, due to which the government authorities have initiated with numerous policies in order to conserve energy. The system is now being combined with various novel technologies and effective lighting.

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The continuous technological developments, rising research and development activities, and burgeoning investments by the leading manufacturers are eventually boosting up the overall Wired Occupancy Sensors market growth. The Wired Occupancy Sensors is attaining huge recognition across the globe due to rising applications and demand across varied sectors.

 The factors operating as major drivers to the Wired Occupancy Sensors market growth may entail robust industrialization, technological advancements, robust growth of electronic and industrial sector, urbanization, rising demands across the end users, augmenting prerequisites, developing regions, rising investments by the leading companies, increase in the research and development activities, and emergence of leading companies in the market. Besides, the concerned manufacturers are taking up numerous strategies like acquisitions and partnerships to raise the market share globally.

 The challenges that the Wired Occupancy Sensors Market is facing may include complicated set up procedure and deficiency of interoperability in the system. Wired Occupancy Sensors industry is categorized by technology as Ultrasonic, Ultrasonic + Passive Infrared (PIR), Infrared (IR), and others. Wired Occupancy Sensors market is divided by application as Hotels, Healthcare, Residential, Educational, Offices, and others. The market is segmented by end user as Industrial, Medical, Consumer Electronics, and others. Wired Occupancy Sensors market is segregated by geography as North America, Europe, China, Japan, Southeast Asia, and India.

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Wired Occupancy Sensors Market Segmentation and Analysis by Recent Trends and Development 2022

The Wired Occupancy Sensors Market is estimated to display a momentous growth in the near future owing to augmentation in the applications and widening up of the scope around the world. Wired Occupancy sensors refers to an arrangement that turns the light on and switches it off spontaneously relying on the vacancy. It aids in bringing convenience and simplicity in the life giving rise to the conservation of energy. As we all are aware, energy saving has remained a serious issue in the world, due to which the government authorities have initiated with numerous policies in order to conserve energy. The system is now being combined with various novel technologies and effective lighting.

Access Wired Occupancy Sensors Market Report with TOC @ https://www.millioninsights.com/industry-reports/wired-occupancy-sensors-market

The continuous technological developments, rising research and development activities, and burgeoning investments by the leading manufacturers are eventually boosting up the overall Wired Occupancy Sensors market growth. The Wired Occupancy Sensors is attaining huge recognition across the globe due to rising applications and demand across varied sectors.

The factors operating as major drivers to the Wired Occupancy Sensors market growth may entail robust industrialization, technological advancements, robust growth of electronic and industrial sector, urbanization, rising demands across the end users, augmenting prerequisites, developing regions, rising investments by the leading companies, increase in the research and development activities, and emergence of leading companies in the market. Besides, the concerned manufacturers are taking up numerous strategies like acquisitions and partnerships to raise the market share globally.

The challenges that the Wired Occupancy Sensors Market is facing may include complicated set up procedure and deficiency of interoperability in the system. Wired Occupancy Sensors industry is categorized by technology as Ultrasonic, Ultrasonic + Passive Infrared (PIR), Infrared (IR), and others. Wired Occupancy Sensors market is divided by application as Hotels, Healthcare, Residential, Educational, Offices, and others. The market is segmented by end user as Industrial, Medical, Consumer Electronics, and others.

Top Manufacturer Analysis Covered in Wired Occupancy Sensors Market Report includes

• Honeywell

• Schneider Electric

• Eaton

• Legrand

• Leviton

• Cooper Industries

• GE

• Philips

• Hubbell Automation

• Texas Instruments

• Johnson Controls and many others

Segmentation on the basis of Product Types,

• Ultrasonic

• Infrared (IR)

• Ultrasonic + Passive Infrared (PIR)

Segmentation on the basis of Applications,

• Industrial

• Medical

• Consumer Electronics

• Others

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Wired Occupancy Sensors market is segregated by geography as North America, Europe, China, Japan, Southeast Asia, and India. Geographically, it has been noticed that North America is lately accounting for a considerable share in the Wired Occupancy Sensors market, the reason being wider customer base, rising market growth opportunities, and mounting investments by the leading players. On the other hand, Asia Pacific and Europe are also likely to attain a momentous growth in the industry owing to developing regions, rising significance of these systems, heavy manufacturing base, and availability of consumers in these regions.