Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.48 Billion | USD 44.03 Billion | 9.68% | 2024 |
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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