Canada’s occupancy sensors market is expected to grow to USD 0.14 billion by 2018 at a CAGR of 19.26% over the period 2016-2021. Occupancy sensors have gone through several technological advancements since their development due to the 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 sensors market. There is a great potential to reduce the energy consumption by mounting occupancy sensors in buildings. The rising construction in the real estate sector is another major driver for the occupancy sensors market. The growth of this market is currently hindered by the false triggering of the switch by sensors and incompatibility issues with regards to wireless network systems.
Latest advancements in occupancy sensors such as image processing occupancy sensor (IPOS), intelligent occupancy sensor (IOS), and microphonics in the manufacturing of occupancy sensors have led to an increase in the market share of these sensors in a variety of fields. The key applications of occupancy sensors are in residential, commercial, educational, healthcare, retail, and hospitality buildings. Occupancy sensors are most widely used in residential and commercial buildings due to the massive growth in the construction sector in various regions across the globe. Technology has a major role to play in this sector due to the cost effective matrix and results in a longer life cycle of products and systems, along with greater reliability. Canada accounted for a market share of 12% in 2014, the second highest in North America.
Canada’s occupancy sensors market is segmented on the basis of type (wired & wireless), technology (passive infrared and microwave), and industry (residential, offices, hotels, healthcare, educational, and others).
This report gives a detailed Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis. The key trends that impact the industry are also covered and over 10 leading suppliers of the occupancy sensors market are profiled.
Some of the top companies mentioned in the report are:
What the Report Offers
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key findings of the study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Opportunities in the Occupancy sensors market
4.5 Industry Value-Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute products or services
4.6.5 Competitive Rivalry among Existing competitors
5. Canada Occupancy Sensors Market - Segmented by Type
6. Canada Occupancy Sensors Market - Segmented by technology
6.2 Passive Infrared
7. Canada Occupancy Sensors Market - Segmented by Application
8. Key Vendors in Canada
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Investment Opportunities
10. Future of Occupancy Sensors Market