DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rfxmks/south_korea) has announced the addition of the "South Korea Occupancy Sensors Market - Growth, Trends & Forecasts (2015-2020)" report to their offering.
The South Korea Occupancy sensors market is expected to increase to $0.11 billion by 2018 at a CAGR of 19.28% over the period 2015-2020.
Occupancy sensors have gone through several technological advancements since their development is due to continuous demand in the market for energy saving devices. The increasing demand for energy efficient devices and favorable government policies regarding energy saving are the two major driving factors for occupancy sensor market. There is a great potential to reduce the energy consumption by mounting occupancy sensors in buildings.
The growth in the real estate sector is another major driver for the occupancy sensing market, as the number of construction projects are increasing. The growth of this market is currently being hindered by false triggering of switch by sensors, and incompatibility issues with regards to wireless network systems.
The South Korea Occupancy Sensors Market is segmented on the basis of Type (Wired & Wireless), Technology (Passive Infrared and Microwave), & Industry (Residential, Offices, Hotels, Healthcare, Educational, and Others).
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of South Korea Occupancy Sensors Market. Some of the top companies mentioned in the report are Eaton Corporation (U.S.), Honeywell International (U.S.), General Electric (U.S.), Schneider Electric (France), Texas Instruments (U.S.), and among others.
For more information visit http://www.researchandmarkets.com/research/rfxmks/south_korea