(MENAFN- America News Hour) Wireless sensors are the sensors that shut off devices, lights, and other equipment when not in use. Occupancy sensors have a vital role to play in reducing the consumption of energy and light pollution in buildings, offices, restrooms, and various other places. It is a significant development in the sensors market as it saves energy and makes life convenient and easier. Energy saving has been a crucial for growth in any economy, as a result government is also coming with several policies to save energy.
Further, the market scenario is highly competitive with the advancement of technology. This has led to huge R & D investments in this field, which results the market to gain traction. It also provides a solution for conventional wired occupancy sensors in which a customer has to deal with complex installation procedure.
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Market Dynamics
The market will witness significant growth over the forecast period because of the augmentation of Wireless Sensor Networks (WSN). Technological advancements have taken the market by storm with the adoption of innovative techniques of integrating wireless sensors into electronic gadgets. Growing end-user awareness is expected to fuel the market augmentation.
Occupancy sensors market has witnessed several technological developments since their growth is due to increasing demand for energy saving devices in the market. The increasing demand for energy efficient devices, rapid technological advancements, and favorable government regulations are the key drivers which are making the Wireless Occupancy Sensors market to grow efficiently and successfully. There is a great potential to reduce the energy consumption by mounting occupancy sensors in buildings. The global pressure sensors market is expected to witness a substantial growth during the forecast period.
Market Segmentation
On the basis of Product Type:
Temperature
Pressure
Surveillance
Leak
Flow
Humidity
Chemical
Position
Others
On the basis on the End Users/Applications:
Energy
Manufacturing
Healthcare
Defense
Transportation
Banking
Retail
Others
Regional/Geographic Analysis
North America dominates the market commanding a large market share. The increasing demand for energy-efficient devices is the primary drivers for the market growth in this region.
In addition, the European region for the market is projected to grow at the fastest rate during the forecast period. Supportive government plans is one of the key factors behind this growth. For instance, Energy Efficiency Directive is an initiative by the European Union and it was established in October 2012 to set the measures which would help the European Union to achieve ~20% of energy efficiency target by 2020.
This Directive requires all European Union countries to use energy more resourcefully at all levels of the energy chain from its creation to its final usage and disposal.
Key Players
Honeywell
Schneider Electric
Eaton
Leviton
Cooper Industries
GE
Philips
Hubbell Automation
Texas Instruments
Johnson Controls
Lutron Electronics
Pammvi Group
Acuity Brands
Report Contents Regional Analysis Report Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
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North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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