Boston, MA -- (SBWIRE) -- 05/10/2016 -- 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.

Get More Details on this Report and a Full Table of Contents at Global Occupancy Sensor Market 2016-2020

Technavio's analysts forecast the global occupancy sensor market to grow at a CAGR of 11.99% during the period 2016-2020.

Covered in this report
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 market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Occupancy Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Acuity Brands Inc.
-General Electric
-Legrand
-Schneider Electric

Other prominent vendors

-Eaton Corporation
-Honeywell International
-Hubbell Incorporated
-Johnson Controls
-Leviton Manufacturing
-Lutron Electronics
-Pepperl+Fuchs
-Pammvi Group
-Texas Instruments

Market driver

-Increasing demand for energy-efficient devices
-For a full, detailed list, view our report

Market challenge

-Technical drawbacks of occupancy sensors
-For a full, detailed list, view our report

Market trend

-Proliferation of IoT
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Acuity Brands Inc., General Electric, Legrand, Schneider Electric, Eaton Corporation, Honeywell International, Hubbell Incorporated, Johnson Controls, Leviton Manufacturing, Lutron Electronics, Pepperl+Fuchs, Pammvi Group, Texas Instruments.

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