SandlerResearch.org adds Global Occupancy Sensor Market 2016-2020 a new research reports in its store. Proliferation of IoT is one of the major trends in the market. The IoT is technology that connects electronic devices to the Internet, and thereby facilitates data transfer over a network. The essence of this technology is minimal human intervention. It will be mostly utilized in wearables, smart homes, industrial automation, and automated cars. The analysts forecast global occupancy sensor market to grow at a CAGR of 11.99% during the period 2016-2020.
Complete report on occupancy sensor market spread across 54 pages, analyzing 4 major companies and provides 33 data exhibits is now available at http://www.sandlerresearch.org/global-occupancy-sensor-market-2016-2020.html .
According to the report, Manufacturing sector-based countries such as China and Germany have started to automate their existing manufacturing units to stay ahead of the competition. They aim to improve communication and coordination between units, ensuring flexibility in their underlying processes. Manufacturers are automating end-to-end processes by using sensors, robots, enterprise software, wireless systems, and automation solutions. They use these systems to set the benchmark by identifying best industry practices for information sharing, data retrieval, and documentation.
The Americas is the largest market for occupancy sensors in every sector whether it is industrial, commercial, or residential. A significant trend driving the residential market is the IoT, which is changing the way homes are powered. Smart homes use a lot of automatic devices for lighting, appliances, and alarm systems. This market for occupancy sensors in this region is expected to grow at a CAGR of just over 10% during the forecast period.
Order a copy of Global Occupancy Sensor Market 2016-2020, report @ http://www.sandlerresearch.org/purchase?rname=53656 .
Globally, the level of competition is quite intense among the key vendors in the occupancy sensor market. The demand for sensors is highest in the industrial sector where automation and sensors can help to save a lot of money on energy and streamline the manufacturing process.
Main players in the Global Occupancy Sensor Market: Acuity Brands Inc., General Electric, Legrand, and Schneider Electric. Other Prominent Vendors in the market are: Eaton Corporation, Honeywell International, Hubbell Incorporated, Johnson Controls, Leviton Manufacturing, Lutron Electronics, Pepperl+Fuchs, Pammvi Group, and Texas Instruments.
Further, the report states that occupancy sensors often have certain technical drawbacks. Sometimes they fail to detect a slow-moving or stationary object, cannot detect a target beyond the range of 5-10 meters, or have sensitivity problems.
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