Lucintel Forecasts Occupancy Sensor Market To Grow At A Cagr Of 12%-14%

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According to the recent study the occupancy sensor market is projected to grow at a CAGR of 12%-14% from 2020 to 2025. Growth in this market is primarily driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in occupancy sensor market by technology (passive infrared, ultrasound, duel, and others), connectivity (wired and wireless), end use industry (residential building and commercial building), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).
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“PIR-based market is expected to remain the largest segment during the forecast period.”
Based on technology, the occupancy sensor market is segmented into passive infrared, ultrasound, duel, and others. Lucintel forecasts that the passive infrared market is expected ...
... to remain the largest segment due to this, within the occupancy sensor market, lighting control, HVAC, and security surveillance are the major end use industries.
“Within the occupancy sensor market, the residential buildings segment is expected to remain the largest end use industry”
Based on end use industry, the residential buildings segment is expected to witness the largest coating over the forecast period due to several house owners prefer their residences installed with the latest technologies, which also helps them manage energy usage and minimize the cost.
“Asia pacific will dominate the occupancy sensor market in near future”
Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to growth of the construction industry.
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Major players of occupancy sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Schneider Electric, Eaton, Legrand, Johnson Controls, Honeywell, Siemens, and Texas Instruments and others are among the major occupancy sensor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/occupancy-sensor-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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