Occupancy Sensor Market by Technology (Passive Infrared & Ultrasonic) - 2020 | MarketsandMarkets

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MarketsandMarkets Presents
Occupancy Sensor Market Projected to Reach 4.67
Billion by 2020
Occupancy Sensor Market by Technology (Passive
Infrared, Ultrasonic), Network (Wired, Wireless),
Components, Application (Education, Healthcare,
Hospitality, Industrial, Retail), and Geography -
Analysis And Forecast to 2013 -
2020
http//www.marketsandmarkets.com/Market-Reports/oc
cupancy-sensor-market-3859894.html
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According to a new market research
report Occupancy Sensor Market by Technology
(Passive Infrared, Ultrasonic), Network (Wired,
Wireless), Components, Application (Education,
Healthcare, Hospitality, Industrial, Retail), and
Geography - Analysis And Forecast to 2013 -
2020, the occupancy sensor market is estimated
to reach 4.67 Billion by 2020 growing at a CAGR
of 18.36 from 2014 to 2020. Browse 70 market
data tables and 67 figures spread through 195
pages and in-depth TOC on Occupancy Sensor
Market - Analysis and Forecast to 2013 -
2020 . Early buyers will receive 10
customization on this report.
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An occupancy sensor is a lighting module that
identifies the presence of people in a specified
area and accordingly turns the lights on or off
automatically. It uses infrared, ultrasonic or a
combination of these technologies for these
processes. These sensors help save energy and
increase the efficiency with regards to the usage
of lights. Recent advancements in occupancy
sensors such as image processing occupancy sensor
(IPOS), intelligent occupancy sensor (IOS), and
micro-phonics in the manufacturing of occupancy
sensors made it possible to grab more market
share in various fields. The key applications of
occupancy sensors are in residential, commercial,
educational, healthcare, retail and hospitality
buildings. The largest application of occupancy
sensors is in residential and commercial
buildings due to a massive growth in the
construction sector in various regions across the
globe. The technology has a major role to play in
this sector due to the cost effective matrix, and
results into a longer life cycle of products and
systems, along with greater reliability.
Highlighting features of occupancy sensors
include high efficiency, cost, and energy
saving. For More Details _at_ http//www.marketsandm
arkets.com/speaktoanalyst.asp?id3859894 The
major driving factor helping the occupancy sensor
market to grow includes an increasing demand for
energy efficient devices, favorable government
policies regarding energy saving, and development
of most accurate and efficient sensors.
Restraining factors for the market includes false
triggering of switch by sensors, and
incompatibility issues with regards to wireless
network systems. A major opportunity with regards
to occupancy sensors includes increasing the
effectiveness by implementing IPOS.
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The overall market is segmented into five major
segments- technology, network, component,
application, and geography. All the segments are
separately classified in the report. The
occupancy sensor market is expected to grow at a
CAGR of 18.36 from 2014 to 2020. Geographically,
the occupancy sensor market is segmented into
North America (U.S., Canada, and Mexico), Europe
(U.K., France, Russia, and others), APAC (China,
India, South Korea, and Japan), and Rest of the
World (Middle East, South America, and Africa).
The North American market accounted for the
highest market share of 40.24 in 2013 and is
estimated to grow at a CAGR of 17.40 from 2014
to 2020. APAC is the fastest growing market among
all geographic regions at a CAGR of 20.45 from
2014 to 2020. Inquiry Before Buying _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id3859894 Players involved in the
development of occupancy sensors include 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 Control, Inc. (U.S.), Honeywell
International, Inc. (U.S.), HUBBELL Inc. (U.S.),
and Koninklijke Philips N.V. (Netherlands).
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