KNX Products Market Size, Share Report, Analysis, Trends, Growth, 2030

KNX Products Industry Perspective:    

The global KNX products market size was evaluated at $14.53 billion in 2022 and is slated to hit $30.47 billion by the end of 2030 with a CAGR of nearly 9.54% between 2023 and 2030.

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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 Products Market: Overview

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.

Key Insights

• As per the analysis shared by our research analyst, the global KNX products market is projected to expand annually at the annual growth rate of around 9.54% over the forecast timespan (2023-2030)
• In terms of revenue, the global KNX products market size was evaluated at nearly $14.53 billion in 2022 and is expected to reach $30.47 billion by 2030.
• The global KNX products market is anticipated to record massive growth over the forecast period owing to rising electricity costs along with surging awareness pertaining to the need for power efficiency.
• In terms of type, the system devices segment is slated to register the fastest CAGR over the anticipated period.
• On the basis of application, the commercial buildings segment is slated to dominate the global industry share over the forecast timespan.
• Region-wise, the Asia-Pacific KNX products industry is projected to register the highest CAGR during the assessment timeline.

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KNX Products Market: Growth Factors

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.

KNX Products Market: Restraints

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.

KNX Products Market: Opportunities

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.

KNX Products Market: Challenges

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.  

KNX Products Market: Report Scope

KNX Products Market: Regional Insights

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.

KNX Products Market: Competitive Space

The global KNX products market profiles key players such as:

• 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
• Rishun Technology

The global KNX products market is segmented as follows:

By Type                                                                                        

• Sensors
• System Devices
• Actuators

By Application

• Commercial Buildings
• Residential Buildings

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa