U.S. Occupancy Sensors Market (2015-2020) - Expected to Reach $1 Billion by 2018

Mar 02, 2016, 10:10 ET from Research and Markets

DUBLIN, March 2, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3vc7v8/u_s_occupancy) has announced the addition of the "U.S. Occupancy Sensors Market - Growth, Trends & Forecasts (2015-2020)" report to their offering. 

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The U.S. Occupancy sensors market is expected to increase to $1.01 billion by 2018 at a CAGR of 21.44% 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 largest industry of occupancy sensors is in residential and commercial buildings due to a massive growth in the construction sector in various regions across the globe. The technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of products and systems, along with greater reliability. The U.S. market accounted for the highest market share of 83% of North America market in 2015. 

Companies Mentioned: 

  • Honeywell
  • Eaton
  • Schneider Electric
  • Legrand
  • Leviton
  • Cooper Ind US tries
  • Ge
  • Philips
  • Hubbell Automation
  • Texas Instruments
  • Johnson Controls
  • Pammvi Group
  • Lutron Electronics

Key Topics Covered: 

1. Introduction 
2. Key Findings
3. Market Overview & Dynamics 
4. Introduction 
5. Porter's Five Forces Analysis 
6. Market Segmentation 
7. Company Profiles 
8. Investment Analysis 
9. Future Of US Occupancy Sensors Market 

For more information visit http://www.researchandmarkets.com/research/3vc7v8/u_s_occupancy

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SOURCE Research and Markets