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Occupancy Sensor Market Anticipated to Grow at 18.36% CAGR

Reviewed

Oct 15 2014

Research and Markets has announced the addition of the "Occupancy Sensor Market by Technology, Network, Components, Application, and Geography - Analysis And Forecast to 2013 - 2020" report to their offering.

The total market size in terms of value for occupancy sensors is expected to grow at an estimated CAGR of 18.36% from 2014 to 2020

Occupancy sensors are primarily used as a lighting control device in commercial, residential, and industrial buildings. The demand of energy efficient devices has increased the demand for occupancy sensors. Many technologies are employed together for the proper functioning of occupancy sensors. It allows devices to respond to the environment when it detects the coverage of space by people, and it involuntarily turns lights on and off. Manufacturers are continuously working on the development of sensors with respect to accurate sensing, programmable sensors, wireless sensors, and performance in order to grab more share in the occupancy sensor market

The occupancy sensor market report analyzes the ecosystem of the industry. The key market based on technology is segmented into passive infrared, ultrasonic, and dual technology. the market based on components is segmented into motion detector, electronic control unit, relay, power supply and others'. The application segment covers the market share of different applications, which includes office, education, industrial, healthcare, retail, hospitality, and residential. The report also provides a geographic view for major regions- North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). This report also discusses drivers, restraints, and burning issues for the occupancy sensor market.

Occupancy sensors have the highest market share in developed economies, North America accounted for a share of approximately 40% in 2013. The markets in APAC and Europe are also estimated to grow at an impressive rate from 2014 to 2020.

Players involved in the development of occupancy sensors includes Legrand S.A. (France), Schneider Electric SE (France), Acuity Brands, Inc. (U.S.), Leviton Manufacturing Company, Inc. (U.S.), Eaton Corporation Plc. (Ireland), Lutron Electronics Company, Inc. (U.S.), Johnson Controls, Inc. (U.S.), Honeywell International, Inc. (U.S.), HUBBELL Inc. (U.S.), and Koninklijke Philips N.V. (Netherlands).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market By Technology

8 Market By Network Connectivity

9 Market By Component

10 Market By Application

11 Market By Geography