Occupancy Sensor for Monitoring and Occupancy-Centric Controls

Knowledgesourcing0101 Feb, 2023Business

The occupancy sensor market is projected to grow at a CAGR of 12.94% during the forecast period to reach US$1,375.279 million by 2027, from US$586.672 million in 2020. This growth can be attributed to various factors such as increasing demand for energy-efficient buildings, rising concerns about indoor air quality, and growth in the construction industry. The growing adoption of smart home technology and the increasing number of connected devices is also expected to drive market growth. For more information visit to our website.