Dual Occupancy

The occupancy sensor market size is estimated to grow from USD 1.14 Billion in 2015 to USD 2.78 Billion by 2020, at an estimated CAGR of 19.5% between 2015 and 2020.One of the major growth drivers for occupancy sensor market is the increasing demand among the various industry verticals (residential buildings and commercial buildings) for the energy-efficient devices.

Applications such as lighting control, HVAC systems, and security surveillance majorly utilizes occupancy sensors to reduce the level of energy consumption.Ask for PDF Copy:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3859894PIR-based occupancy sensor to play a key role in the occupancy sensor marketIn the total occupancy sensor market on the basis of technology, the PIR technology is widely utilized.

The PIR-based sensors are ideal and the oldest among the occupancy detection and cheaper as compared to other sensors; therefore, they are used extensively in almost all the major applications such as lighting and HVAC control.Supportive government plans and programs contributes towards the development of occupancy sensorsOccupancy sensors have been highlighted as a way to reduce energy consumption.

With regards to this, not only private firms but also public firms and government bodies are taking effective measures for the implementation of occupancy sensors in most of the building types.

With regards to total energy consumption in the U.S., commercial buildings and industrial plants together account for more than 50% of the consumption which is equal to approximately USD 400 billion of energy costNorth America expected to contribute the largest market share, European region to grow at the highest rateThe North American market is estimated to hold the major market share between 2015 and 2020.

Some of the major reasons behind this are; increasing demand for energy-efficient devices and key players located in the region such as Leviton Manufacturing Co. Inc. (U.S.), Lutron Electronics Co, Inc. (U.S.) Honeywell International, Inc. (U.S.), Johnson Controls Inc. (U.S.), General Electric Company (U.S.), Acuity Brands, Inc. (U.S.), and Hubbell Incorporated (U.S.) among others.

Wired Occupancy sensors refers to an arrangement that turns the light on and switches it off spontaneously relying on the vacancy.

The system is now being combined with various novel technologies and effective lighting.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/wired-occupancy-sensors-market/request-sampleThe continuous technological developments, rising research and development activities, and burgeoning investments by the leading manufacturers are eventually boosting up the overall Wired Occupancy Sensors market growth.

The Wired Occupancy Sensors is attaining huge recognition across the globe due to rising applications and demand across varied sectors.

The factors operating as major drivers to the Wired Occupancy Sensors market growth may entail robust industrialization, technological advancements, robust growth of electronic and industrial sector, urbanization, rising demands across the end users, augmenting prerequisites, developing regions, rising investments by the leading companies, increase in the research and development activities, and emergence of leading companies in the market.

Besides, the concerned manufacturers are taking up numerous strategies like acquisitions and partnerships to raise the market share globally.

The challenges that the Wired Occupancy Sensors Market is facing may include complicated set up procedure and deficiency of interoperability in the system.

It helps reduce wired work of any device, which, in turn, reduces the cost.

Occupancy sensors are mainly deployed with the help of 2 key network connectivity mediums—wired network connectivity and wireless network connectivity.

Different types of wireless network connectivity are Wi-Fi, Z-wave, ZigBee, EnOcean, BACnet, and LonWorks, among others.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3859894If an occupancy sensor is installed with the help of wired network connectivity, installation charges are more than that of wireless occupancy sensors.

This is due to the cost associated with wires and batteries in wired connections.

On the other hand, if wireless occupancy sensor is installed, it replaces the existing wall switch with wireless wall switch receiver and eliminates the usage of wires and batteries.

Moreover, wireless occupancy sensor eliminates the cost of maintenance.The use of wireless technology in occupancy sensors helps save energy and conserve environment; it involves minimum installation cost.