Guidehouse Insights Estimates Global Market for Advanced Sensors and Submeters Will Grow to Nearly $29 Billion by 2032
BOULDER, Colo., Jan. 30, 2024 /PRNewswire/ -- A new report from Guidehouse Insights explores the global market for advanced sensing and submetering technology used in commercial and industrial (C&I) buildings, including offices, factories, warehouses, and educational settings.
- As connectivity technology has improved, these sensors have been able to connect to building automation systems and inform how different systems impact one another.
- According to a new report from Guidehouse Insights, global revenues for advanced sensors and submeters are expected to grow from $18 billion in 2023 to $28.9 billion in 2032, for a compound annual growth rate (CAGR) of 5.4%.
- The report, Advanced Sensors and Submeters , focuses on advanced sensing and submetering technology used in commercial and industrial (C&I) buildings, including offices, factories, warehouses, and educational settings.
- An executive summary of the report is available for free download on the Guidehouse Insights website .