Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.48 Billion | USD 44.03 Billion | 9.68% | 2024 |
The global KNX products market size was worth around USD 17.48 Billion in 2024 and is predicted to grow to around USD 44.03 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 9.68% between 2025 and 2034. The report analyzes the global KNX products market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the KNX products industry.
The KNX products market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The KNX products industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
KNX is an open standard for residential and commercial building automation. Furthermore, KNX products can handle lighting, shutters, blinds, shutters, security systems, energy management, HVAC, audio video, remote control, and white goods. Reportedly, it is an intelligent system that combines various operations of buildings such as lighting, heating, and cooling into a unified whole. This, in turn, reduces expenditure and enhances energy efficiency.
Surging costs of electricity to augment the global market trends
Rising electricity costs along with surging awareness pertaining to the need for power efficiency will steer the expansion of KNX products market growth across the globe. In addition to this, massive demand for these products in residential & commercial buildings will impel the global market trends. Surging concerns regarding the reduction in natural energy resources and swift climatic changes have led to the massive demand for KNX products across the globe.
Moreover, new flats, which are comprised of KNX houses ensure less use of power, thereby enhancing energy conservation. This, in turn, will scale up the global market demand. New product launches will contribute lucratively towards the expansion of the market globally. In June 2022, Onsemi, a U.S.-based firm manufacturing semiconductors, launched industry “First” solutions for KNX as well as PoE. Reportedly, the new building automation solutions are aimed at incorporating key components serving the requirements of smart home systems in the U.S. Such moves will boost the demand for KNX products in the U.S. and across the globe.
Low awareness among people about the benefits offered by the product can put brakes on the global industry surge
Escalating costs and less awareness about product benefits can halt the growth of the global KNX products industry. For the record, in the countries such as the U.S., KNX products face stiff competition from Z-Wave and ZigBee. Apart from this, rising complexity and lack of wireless connectivity can further put brakes on global industry expansion.
Integrating connected things with KNX products can open new avenues of growth for the global market
With KNX predicted to emerge as a key home automation system, the market for KNX products is anticipated to expand by leaps & bounds in the forthcoming years. Furthermore, the integration of IoT with KNX products will enlarge the scope of the growth of the KNX products market in the years ahead.
Rapid fluctuations witnessed in government policies with respect to product use can be a huge challenge for the global industry
Changing government policies & guidelines due to political instability witnessed in various countries across the globe can prove to be a major challenge to the growth of the global KNX products industry. Small & medium-scale firms are not keen on using the products and this can prove to be a key challenge in the growth path of the industry across the globe.
KNX Products Market: Segmentation
The global KNX products market is sectored into type, application, and region.
In type terms, the global KNX products market is segregated into sensors, system devices, and actuators segments. In addition to this, the system devices segment, which gathered nearly 33% of the global market revenue in 2022, is predicted to record a significant rate of growth over the projected timespan. The growth of the segment in the next couple of years can be attributed to these products in KNX tools including programming interfaces, couplers, power suppliers, and routers. Moreover, these products create proficient communication systems along with helping KNX tools integrate into various environments. In addition to this, system devices increase the capacity of KNX products by integrating various functions of KNX products, thereby steering the segmental surge.
Based on the application, the global KNX products industry is divided into commercial buildings and residential buildings segments. Furthermore, the commercial buildings segment, which accounted for more than 35% of the global industry share in 2022, is set to contribute majorly towards the global industry revenue share by 2030. The segmental expansion in the coming eight years can be ascribed to the large-scale use of KNX systems for controlling the various operations of commercial buildings. The need for cost savings through the deployment of automation systems in commercial construction has led to massive penetration of KNX products in the commercial building segment.
Report Attributes | Report Details |
---|---|
Report Name | KNX Products Market |
Market Size in 2024 | USD 17.48 Billion |
Market Forecast in 2034 | USD 44.03 Billion |
Growth Rate | CAGR of 9.68% |
Number of Pages | 212 |
Key Companies Covered | Schneider Electric SE, ABB Limited, Siemens AG, Hager Group, Legrand, Gira, Somfy, Albrecht Jung GmbH & Co.KG, JUNG, HDL Automation, STEINEL, Urmet, Lime International, GVS, E.G., Ekinex, DALITEK, Berker, IPAS GmbH, JOBO Smartech, MDT Technologies GmBH, Tiansu, Theben AG, Zennio Avance y Tecnologia S.L, and Rishun Technology., and others. |
Segments Covered | By Product Type, By Application, By End-user, By Communication Medium, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The European region is likely to dominate the global KNX products market growth over the forecast timeframe
The continent of Europe, which contributed more than 60% of the global KNX products market share in 2022, is predicted to lead the regional market sphere in the coming years. The market growth in the continent over the prognosis timeline can be a result of KNX being a standard protocol for smart homes in countries such as Germany in Europe. For the record, in Germany, KNX accounts for nearly 50% of the share of the home automation sector in Europe. Furthermore, the with home automation sector predicted to expand remarkably in countries such as the UK, the market in Europe is anticipated to gain traction in the years ahead. Additionally, countries such as Belgium, Holland, and Germany are projected to be the major revenue drivers of the region.
Furthermore, the KNX products industry in Asia-Pacific is expected to register the highest CAGR in the assessment timeline. The major growth drivers of the industry in the region include the acceptance of home automation systems in countries such as India with a surge in tech-savvy consumers in the country. Moreover, key industry players such as Schneider Electric SE, ABB Limited, Siemens AG, and Hager Group are establishing new units in countries such as China, Japan, and India, thereby driving regional industry trends.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the KNX products market on a global and regional basis.
The global KNX products market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
KNX is an open standard for residential and commercial building automation. Furthermore, KNX products can handle lighting, shutters, blinds, shutters, security systems, energy management, HVAC, audio video, remote control, and white goods. Reportedly, it is an intelligent system that combines various operations of buildings such as lighting, heating, and cooling into a unified whole. This, in turn, reduces expenditure and enhances energy efficiency.
The global KNX products market is expected to grow due to Growing smart building and home automation adoption drives demand for KNX-based control systems.
According to a study, the global KNX products market size was worth around USD 17.48 Billion in 2024 and is expected to reach USD 44.03 Billion by 2034.
The global KNX products market is expected to grow at a CAGR of 9.68% during the forecast period.
Europe is expected to dominate the KNX products market over the forecast period.
Leading players in the global KNX products market include Schneider Electric SE, ABB Limited, Siemens AG, Hager Group, Legrand, Gira, Somfy, Albrecht Jung GmbH & Co.KG, JUNG, HDL Automation, STEINEL, Urmet, Lime International, GVS, E.G., Ekinex, DALITEK, Berker, IPAS GmbH, JOBO Smartech, MDT Technologies GmBH, Tiansu, Theben AG, Zennio Avance y Tecnologia S.L, and Rishun Technology., among others.
The report explores crucial aspects of the KNX products market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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