Global Occupancy Sensor Market
Global Occupancy Sensor Market Size By Connectivity, By Building Type and By Application, By Geographic Scope And Forecast
According to Verified Market Research, The Global Occupancy Sensor Market was valued at USD 2,033.7 Million in 2018 and is projected to reach USD 4,507.2 Million by 2026, growing at a CAGR of 12.04% from 2019 to 2026.
An occupancy sensor can be defined as a motion detecting device that is used to detect the presence of an individual in order to automatically control various systems such as lights, temperature, ventilation and more. Occupancy sensors use various technologies such as infrared, ultrasonic and dual technology and are characteristically used to save energy and provide automatic control. There are currently several devices that can be categorized as an occupancy sensor, these sensors work using various technologies or methods. Common technologies
There is an observed growing demand for energy efficient devices such as occupancy sensors due to key factors such as rising awareness of energy-saving systems as well as technological advancements micro-phonics, image processing and intelligent occupancy sensors. Occupancy sensors play an essential role in the minimization of energy consumption as well as in reducing light pollution created in both indoor and outdoor spaces, these factors are aiding in the growth of the market.
The “Global Occupancy Sensor market” is mainly split into four segments, i.e. on the basis of connectivity, application, technology, building type and geographical analysis. These segments give an overview about the market and offer a qualitative and quantitative market study of the product. A few of the players for this market include Eaton, Schneider Electric and Johnson Controls.
The Global Occupancy Sensor Market is segmented on the basis of connectivity, building type, application, and geography. On the basis of Geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
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