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Occupancy Sensor Market Forecast Research Reports Offers Key Insights

11-21-2016 07:46 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Occupancy Sensor Market Forecast Research Reports Offers Key

Occupancy sensor is a heat and light control device used to detect occupancy of space by people and accordingly turns light on or off by using infrared light rays, ultrasonic rays and microwave technology. Occupancy sensor is commonly used for providing automatic control, saving energy and complying with building codes etc. Increasing demand for energy saving devices have resulted into several technological advancement in occupancy sensors.

Global Occupancy Sensor Market: Drivers and Restraint

Increasing demand for energy-efficient devices is one of the major factors responsible for the growth of global occupancy sensor market across the globe.Other factors such asfavourable government regulations and policies with regard to energy saving, continuous development and advancement of advanced and cost-effective sensors are expected to fuel growth of the global occupancy sensor market over the forecast period. In contrast, false triggering of switch and inconsistency issues associated with wireless network system are anticipated to impede the market growth during the forecast period. However, introduction of advanced occupancy sensors such as intelligent occupancy sensor, image processing occupancy sensor and micro-phonics in is boosting growth of global occupancy market.

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Global Occupancy Sensor Market: Segmentation

Global occupancy sensor market is segmented on the basis of type, network connectivity and application. On the basis of types, the global occupancy sensor market is sub segmented into ultrasonic sensors, passive infrared sensors, microwave sensors and others. Ultrasonic sensor uses high frequency sound waves in order to detect space occupancy. Passive infrared sensor uses heat movement detection to detect infrared radiation radiated out of human body movement while microwave sensor works on the same principle as of ultrasonic sensor but with high sensitivity as well as detection range as compare to other two types of occupancy sensor.

On the basis of network connectivity, the global occupancy sensor market is segmented into wired network and wireless network. Wireless network is further sub segmented into Wi-Fi, Zigbee, Z-Wave and others.

By application the market can be segmented into government, industrial, commercial and residential sectors.

Global Occupancy Sensor Market: Regional Outlook

On the basis of region, the global occupancy sensor market can be segmented into seven major regions such as North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan and Middle East & Africa (MEA). Of these regions, the North America occupancy sensor market is expected dominate the global occupancy sensor market over the forecast period. However, Asia-Pacific (excluding Japan) is anticipated to witness the highest CAGR during the forecast period. This is mainly attributed to growth in construction and real estate sectors in developing countries such as India and China in the region.

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Global Occupancy Sensor Market: Key Players

Key players operating in the global occupancy sensor market are Eaton Corporation Plc., Honeywell International Inc., Schneider Electric SA, Johnson Controls Inc., Acuity Brands Inc., Texas Instruments Inc., Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Legrand SA and Hubbell Incorporated among others. Major players in the market are focusing more on development of advanced and innovative sensors such as image processing sensor, micro-phonic based sensor and intelligent occupancy sensor in order to gain competitive advantage in the long term.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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