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, ... Read more
According to the new market research report "Occupancy Sensor Market by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area (Less than 89°, 90–179°, 180–360°), Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2024", ... Read more
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%.
Increasing popularity of wireless occupancy sensors
The introduction of wireless technology has been one of the major encouragements to the electronics and semiconductor industry. It helps reduce wired ... Read more
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%.
Increasing popularity of wireless occupancy sensors
The introduction of wireless technology has been one of the major encouragements to the electronics and semiconductor industry. It helps reduce wired ... Read more
According to the new market research report "Occupancy Sensor Market by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area (Less than 89°, 90–179°, 180–360°), Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2024", ... Read more
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%.
Increasing popularity of wireless occupancy sensors
The introduction of wireless technology has been one of the major encouragements to the electronics and semiconductor industry. It helps reduce wired ... Read more
The occupancy sensor market to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period (2019–2024).
The major factors that are expected to be driving the market are include increasing demand for energy-efficient devices and favorable government ... Read more
According to the recent study the occupancy sensor market is projected to reach an estimated $3.1 billion by 2028 from $1.6 billion in 2023, at a CAGR of 14% from 2023 to 2028. Growth in this market is primarily driven by favorable government policies towards energy saving and increasing demand of energy-efficient devices for residential as well as commercial applications. ... Read more