Global Occupancy Sensor Market Will Grow At A CAGR Of 11.99% During The Period 2016-2020
The market is driven by the increased adoption of PIR sensors and ultrasonic sensors in the residential and commercial sector. Erosion in the prices of PIR sensors has led to their increased adoption in automotive production, video surveillance, military applications, and medical use.
The use of occupancy sensors in private offices, classrooms, closets, hallways, corridors, rest rooms, large storage areas, and other enclosed spaces in commercial and residential establishments is driving the global market. Occupancy sensors offer reliable performance at a lower cost. They also offer significant energy savings in terms of reduced power consumption and enhanced performance delivery. The proliferation of heating, ventilating, and air conditioning (HVAC) systems has further enhanced the need for efficient and accurate occupancy sensors.
Technavios analysts forecast the global occupancy sensor market to grow at a CAGR of 11.99% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global occupancy sensor market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of several types occupancy sensors, such as PIR sensors and ultrasonic sensors.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
New report, Global Occupancy Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Acuity Brands Inc.
General Electric
Legrand
Schneider Electric
Other prominent vendors
Eaton Corporation
Honeywell International
Hubbell Incorporated
Johnson Controls
Leviton Manufacturing
Lutron Electronics
Pepperl+Fuchs
Pammvi Group
Texas Instruments
Market driver
Increasing demand for energy-efficient devices
For a full, detailed list, view our report
Market challenge
Technical drawbacks of occupancy sensors
For a full, detailed list, view our report
Market trend
Proliferation of IoT
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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