Boston, MA -- (SBWIRE) -- 11/05/2014 -- Occupancy Sensor Market by Technology (Passive Infrared, Ultrasonic), Network (Wired, Wireless), Components, Application (Education, Healthcare, Hospitality, Industrial, Retail), and Geography - Analysis And Forecast to 2013 - 2020

Occupancy sensors are primarily used as a lighting control device in commercial, residential, and industrial buildings. The demand of energy efficient devices has increased the demand for occupancy sensors. Many technologies are together employed for the proper functioning of occupancy sensors. It allows devices to respond to the environment when it detects the coverage of space by people, and it involuntarily turns lights on and off. Manufacturers are continuously working on the development of sensors with respect to accurate sensing, programmable sensors, wireless sensors, and performance in order to grab more share in the occupancy sensor market

The occupancy sensor market report analyzes the ecosystem of the industry. The key market based on technology is segmented into passive infrared, ultrasonic, and dual technology. the market based on components is segmented into motion detector, electronic control unit, relay, power supply and 'others'. The application segment covers the market share of different applications, which includes office, education, industrial, healthcare, retail, hospitality, and residential. The report also provides a geographic view for major regions- North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). This report also discusses drivers, restraints, and burning issues for the occupancy sensor market.

Occupancy sensors have the highest market share in developed economies, North America accounted for a share of approximately 40% in 2013. The markets in APAC and Europe are also estimated to grow at an impressive rate from 2014 to 2020. Players involved in the development of occupancy sensors includes 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).

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This report describes the value chain for the occupancy sensor market by considering all major stakeholders in the market and their roles in the analysis. The report covers a brief description of players active in the occupancy sensor market. The geographic analysis covers North America (U.S., Canada, and Mexico), Europe (U.K., France, and Russia), APAC (China, India, Japan, and South Korea), and Rest of the World (Africa, Middle East, South America). In addition to this, it profiles ten companies, which include overview, products and services, financials, strategy, SWOT analysis, and recent developments.

Key Takeaways:

- The total market size in terms of value for occupancy sensors is expected to grow at an estimated CAGR of 18.36% from 2014 to 2020

- The analysis of the occupancy sensor market with a special focus on the high growth application segment

- The Occupancy Sensor market includes statistics by technology, networks, components, applications and geography with detailed classification splits by revenue

- Porter's five forces have been explained in detail along with the value and supply chain analysis for the occupancy sensor market

- Major market drivers, restraints, and opportunities for the occupancy sensor market

- Illustrative segmentation, analysis, and forecast of the major geographic and application markets to give an overall view of the occupancy sensor market

- A detailed competitive landscape which includes key players, in-depth analysis, and revenue of individual companies

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