DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/khlqgk/occupancy_sensor) has announced the addition of the "Occupancy Sensor Market 2015 - Global Forecast to 2020" report to their offering.
Occupancy sensors have been in the market from decades and it is amongst the major devices utilized to save energy. Factors such as rise in electricity and power prices, growing government support, and increasing demand for energy-efficient devices on global basis are some of the major growth drivers for the studied market.
The scope of this report covers the occupancy sensor market by technology, network connectivity, application, coverage area, operation, building type, and region. In terms of network connectivity, wired based sensor is expected to hold the largest market share and dominate the overall market between 2015 and 2020. In terms of technology, PIR-based sensors are expected to hold the largest market share and dominate the occupancy sensor market between 2015 and 2020, due to growing demand energy efficient devices, less price, and low power requirement.
The market for occupancy sensors on the basis of application is expected to be dominated by the lighting control application. Lighting control is the prime application for lighting control devices such as occupancy sensors. Nearly 40% of the electricity is consumed by lighting devices and more than 60% to 70% of cost related to lighting can be saved with the help of occupancy sensors. HVAC systems are widely utilized in the commercial buildings such as offices and hospitality among others. They consume more energy and power as compared to lighting systems, thus HVAC systems are the ideal choice to install occupancy sensor after lighting devices.
North America is expected to hold the largest market share and dominate the occupancy sensor market between 2015 and 2020, owing to the presence of key players and supportive government plans and programs in the region. The European region offers potential growth opportunities as there is increasing government support and enterprises that are turning towards occupancy sensor as energy-efficient devices.
The restraining factors of the market are inconsistency issues related to wireless network systems, impact of time-out period on energy savings, and false triggering of a switch by sensors.
The major vendors in the occupancy sensor market include Legrand S.A. (France), Schneider Electric (France), Acuity Brands, Inc. (U.S.), Leviton Manufacturing Co. Inc. (U.S.), Eaton Corporation plc (Ireland), Lutron Electronics Co, Inc. (U.S.), Johnson Controls Inc. (U.S.), Honeywell International, Inc. (U.S.), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), and Hubbell Incorporated (U.S.) among others.
For more information visit http://www.researchandmarkets.com/research/khlqgk/occupancy_sensor