Increasing Demand for Occupancy Sensor Market by 2025
The occupancy sensor market is
projected to reach USD 3.6 billion by 2025 from USD 2.9 billion in 2020; it is
expected to grow at a CAGR of 13.3% during the forecast period. The growth of
the occupancy sensor market is driven by factors such as increasing need for
energy-efficient lighting controls and the growing popularity of smart homes. On the other hand, the rising trend of green buildings
across...
Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025
The occupancy
sensor market is projected to grow from USD 2.2 billion in 2019 to USD 3.9
billion by 2024, at a CAGR of 12.3% from 2019 to 2024. The growth of the
occupancy sensor market is driven by factors such as increasing need for
energy-efficient lighting controls and the growing popularity of smart homes. On
the other hand, the rising trend of green buildings across the world is among
the major...
4 Drivers for Occupancy Sensor Market – An Overview
Occupancy sensors detect occupancy at a location and turns on light signals. These are automatic lighting control devices that use various technologies including ultrasonic, infrared and microwave. Growing awareness about energy saving is influencing innovation in the sensor technology used in smart lighting and illumination. Mounting occupancy sensors reduces a great deal of electricity consumption...