LONDON--(BUSINESS WIRE)--Technavio has announced the top nine prominent vendors in their recent global occupancy sensor market 2016-2020 report. The report contains a detailed discussion of the major drivers influencing market growth, and examines key trends that are emerging in the market.
Competitive vendor landscape
The competition in the global occupancy sensor market is intense with the presence of strong players such as Schneider Electric, General Electric, Legrand, Leviton, and Acuity Brands. The demand for occupancy sensors is very high in several industries, especially in the residential and commercial infrastructure and industrial manufacturing segments.
“Increasing demand for energy-efficient devices, the emergence of new technologies such as the IoT, and the advent of finger-print sensor technology will help the occupancy sensor market to flourish during the forecast period,” says Asif Gani, a lead sensors analyst from Technavio.
The report also suggests that the high growth potential of the market will increase the competition among the vendors during the forecast period. As there is relatively less penetration of occupancy sensors in the developing regions, such as APAC, vendors need to focus their growth and penetration policies towards these regions. Moreover, government funding in some regions will boost R&D, which could lead to innovations in sensor technology leading to higher adoption of optical sensors.
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Top nine occupancy sensor market vendors:
Eaton Corporation
Eaton Corporation is a US-based semiconductor conglomerate, founded in 1911. It manufactures occupancy sensors such as ceiling, extreme temperature, wall-switch, vacancy, and high bay fixture mount sensors.
Honeywell International
The company is a semiconductor conglomerate that was established in 1906 and is headquartered in New Jersey, US. It manufactures PIR sensors such as 50037736-001 and WSK-24.
Hubbell Incorporated
Hubbell Incorporated is a US-based electrical equipment manufacturer founded in 1888. It manufactures occupancy sensors such as the Light Hawk, Light Owl, and WASP occupancy sensor product lines.
Johnson Controls
Johnson Controls is an electrical equipment manufacturer that was founded in 1885 and is headquartered in Wisconsin, US. It offers occupancy sensors such as the OLS-2000/2100 series.
Leviton Manufacturing
Leviton Manufacturing was founded in 1906 in the US. It manufactures occupancy sensors such as ceiling mount sensors, fixture mount sensors, and wall switch sensors.
Lutron Electronics
Lutron Electronics is a US-based manufacturer that manufactures occupancy sensors such as Maestro, Radio Powr Savr, LOS W series, LOS C series, and wired high bay occupancy sensors.
Pepperl+Fuchs
The company was founded in 1945 and is headquartered in Mannheim, Deutschland, Germany. It manufactures ultrasonic sensors such as thru-beam sensors, double sheet sensors, and diffuse and retroreflective mode sensors.
Pammvi Group
Pammvi Group is an India-based company which was established in 1992. The Pammvi Group of Companies, is a well-known importer, trader and supplier of high-class lighting items and display devices. It also manufactures occupancy sensors such as PIR sensors.
Texas Instruments
The company is a semiconductor firm based in Dallas, Texas, US. It manufactures occupancy sensors such as TDC7200, TDC1000-Q1, TDC1011-Q1, and PGA450-Q1.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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