Oct 28 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.
Occupancy sensors are used in automated lighting and HVAC control switches that turn lights and HVAC systems on or off. These are being considered as environmentally responsible, as these are used extensively to save energy. Occupancy sensors have gone through several technological advancements since their development due to a continuous demand in the market for energy saving devices. The increasing demand for energy efficient devices and favorable government policies regarding energy saving are two major driving factors for the occupancy sensor market.
Occupancy sensors are based on several different technologies such as passive infrared (PIR), ultrasonic, and dual technology, which combines PIR and ultrasonic. These technologies serve different purposes and applications and are installed as per a customer's convenience. Among these, the dual technology is expected to grow in the market at a high rate, because of its superior performance and reasonable cost.
However, occupancy detection technologies are not restricted only with above mentioned technologies, the suppliers are also developing microwave, micro-phonic based sensors, image processing occupancy sensor (IPOS), and intelligent occupancy sensor (IOS). These technologies are projected to create their own position in the market. This are categorized as- wired and wireless occupancy sensors. Today the wireless occupancy sensors are widely used in many applications, and they are expected to grow at a rapid pace in the market. Wireless sensors use wireless networks such as ZigBee, EnOcean, Z-Wave, and Wi-Fi.
The occupancy sensor market is expected to grow at a CAGR of 18.36% from 2014 to 2020. The growth is mainly due to an increasing use of occupancy sensor in applications such as education, healthcare, hospitality, industrial, residential, and retail. Geographically, the market is covered by North America (U.S., Canada, and Mexico), Europe (U.K., France, Russia, and others), APAC (China, India, Japan, South Korea, and others) and Rest of the World (Latin America, Middle East, Africa, and others). Among all these regions, the APAC region is expected to exhibit a high growth rate compared to other regions. The reason for APAC's high growth is the development of construction and real estate sectors in developing countries such as India and China.
Players involved in the development of occupancy sensor 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 Controls, Inc. (U.S.), Honeywell International, Inc. (U.S.), HUBBELL Inc. (U.S.), and Koninklijke Philips N.V. (Netherlands).
Source: http://www.researchandmarkets.com