Occupancy Sensor Market to Generate Total Revenue of US$ 6,558.9 Million in 2032

The global occupancy sensor market is anticipated to grow at a phenomenal CAGR of around 12% during the forecast period from 2022 to 2032. The global market is expected to hold a valuation of around US$ 2,115.6 Million in 2022 and is expected to secure a valuation of US$ 6,558.9 Million in 2032. According to the analysis done by Future Market Insights in the historic period from 2016 to 2021, the global occupancy sensor market displayed a growth rate of 9.8%.

The growth of the market is attributed to the increased demand for occupancy sensors, which are primarily utilized for security purposes to prevent break-ins, burglaries, and thefts, the occupancy sensor market is growing. Furthermore, green buildings are becoming more and more common all over the world, which is anticipated to lead to market growth of occupancy sensors in the market.

This type of indoor detecting mechanism helps in altering the air temperature and ventilation within a particular area in response to the presence of individuals. Apart from stairwells, open and closed offices, corridors, and warehouses, they also find applications in residential, commercial, and industrial spaces. Additionally, occupancy sensors assist in automating motor load switching on fans, curtains, air conditioners, and a variety of other devices run by motors.