DUBLIN, April 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Occupancy Sensor Market 2016-2020" report to their offering.
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The global occupancy sensor market to grow at a CAGR of 11.99% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global occupancy sensor market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of several types occupancy sensors, such as PIR sensors and ultrasonic sensors. The report also includes a discussion of the key vendors operating in this market.
The market is driven by the increased adoption of PIR sensors and ultrasonic sensors in the residential and commercial sector. Erosion in the prices of PIR sensors has led to their increased adoption in automotive production, video surveillance, military applications, and medical use.
The use of occupancy sensors in private offices, classrooms, closets, hallways, corridors, rest rooms, large storage areas, and other enclosed spaces in commercial and residential establishments is driving the global market. Occupancy sensors offer reliable performance at a lower cost.
They also offer significant energy savings in terms of reduced power consumption and enhanced performance delivery. The proliferation of heating, ventilating, and air conditioning (HVAC) systems has further enhanced the need for efficient and accurate occupancy sensors.
Market Trends, Drivers and Challenges
Proliferation of IoT is one of the major trends in the market. The IoT is technology that connects electronic devices to the Internet, and thereby facilitates data transfer over a network. The essence of this technology is minimal human intervention. It will be mostly utilized in wearables, smart homes, industrial automation, and automated cars.
According to the report, Manufacturing sector-based countries such as China and Germany have started to automate their existing manufacturing units to stay ahead of the competition. They aim to improve communication and coordination between units, ensuring flexibility in their underlying processes. Manufacturers are automating end-to-end processes by using sensors, robots, enterprise software, wireless systems, and automation solutions. They use these systems to set the benchmark by identifying best industry practices for information sharing, data retrieval, and documentation.
Further, the report states that occupancy sensors often have certain technical drawbacks. Sometimes they fail to detect a slow-moving or stationary object, cannot detect a target beyond the range of 5-10 meters, or have sensitivity problems.
- Acuity Brands Inc.
- General Electric
- Schneider Electric
Other prominent vendors
- Eaton Corporation
- Honeywell International
- Hubbell Incorporated
- Johnson Controls
- Leviton Manufacturing
- Lutron Electronics
- Pammvi Group
- Texas Instruments
For more information visit http://www.researchandmarkets.com/research/wrtqnd/global_occupancy
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SOURCE Research and Markets