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KNX Products Market
KNX Products Market
Published date: May 2023 • Report Code: 29973
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  • Home » Electronics Industry Market Reports » KNX Products Market

KNX Products Market

Global KNX Products Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

  • 29973

  • May 2023

  • 189

  • Format PDF Format XLS Format PPT

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  • Electronics

This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page

  • Report Details
  • Table of Contents
  • Major Market Players
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  • KNX Products Market: Introduction

    KNX is a technology that controls the overall function of automation in several residential, commercial, industrial buildings, and outdoor settings. KNX devices manage HVAC, lighting systems, multimedia, security, energy management, etc. Devices manufactured according to these standards are known as KNX products. These product installations consist of devices such as sensors, actuators, etc., that are either connected to the bus or network. KNX standards for different regions or countries are listed below:

    Region/CountryStandard
    EuropeCENELEC EN 50090
    EN ISO 22510
    USAANSI/ASHRAE 135
    ChinaGB/T 20965
    InternationalISO/IEC 14543-3

    Global KNX Products Market Revenue Outlook:

    The Global KNX Product Market was valued at US$ 20.20 Bn in 2020 and is projected to register а САGR of 10.9% by 2031.

    Nonetheless, various industry players in the global KNX products market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

    What is Driving Demand for KNX Products?

    Booming population figures and rapid urbanization have led to increased infrastructure developments in residential and commercial spaces with automated products such as KNX products for lighting control, security systems, and others. In addition, rising demand for smart homes and buildings, particularly in developed economies of the world such as the US, Japan, Germany, and certain developing economies, including China, with a view towards energy conservation, is also expected to fuel demand for KNX products over the forecast period.

    Top Countries Smart Homes Adoption Rate (%), 2020

    Top Countries Smart Homes Adoption Rate (%), 2020

     Fuctions of KNX Products

    Energy ManagementBlind And Shutter ControlLighting ControlHVACSecurity & Safety
    Network MonitoringPreset PositioningAutomatic LightingIndividual Room ControlIntrusion
    MeteringSun TracingTimed ControlFloor HeatingSmoke Detection
    Data LoggingClimate EnhancementLight ScenesTimed Operation ModesSupervision
    XXXXXXXXXX

    KNX products are energy efficient and maintain low energy cost 

    KNX products are energy efficient and maintain low energy cost

    Opportunities for the manufacturer of the KNX Products

    The introduction of KNX metering solutions to reduce the rising cost of electricity and increase energy efficiency is expected to provide lucrative opportunities to the manufacturers operating in this target market.  Moreover, several companies are now focusing on adopting multiple strategic policies to expand the scale of their business on a global scale. Policies such as strategic mergers & acquisitions, joint ventures, and partnerships with other companies. This is generally carried out to develop new products and expand existing product portfolios to maintain their respective market positions. This is also another factor that is expected to improve the financial development further and provide revenue growth opportunities trajectory for suppliers and manufacturers over the forecast period.

    Factors limiting the revenue growth of KNX products market

    The cost of building a KNX system is high, especially in built-up houses, as new cables and pipes need to be installed on the wall, connected to each wall switch, sensor, light point or socket. In addition, it also requires specific computer ETS software from professional installers. This factor is expected to limit the revenue growth for this target industry to a certain extent.

    COVID–19 Impact Analysis on Global KNX Products Market

    The COVID-19 pandemic has severely impacted several industries, with significant disruption in their day-to-day business operations. The subsequent global lockdown has severely affected economies around the world. On the other hand, shutting down China's production has forced other consumer electronics makers based in the US, Europe, etc., to temporarily hold the finished goods' production. This leads to a global shortage of smart electronics products used for electrical and electronic systems used in home automation that forced major companies to halt or slow production. This is also a factor that is expected to hamper the revenue growth for this target market.

    Global KNX Products Market Dynamics

    The Global KNX Products Market is segmented based on product type, application, and region. Among the product type segment, the sensors segment is estimated to be the most lucrative segment in this target market, with an estimated revenue share of XX% in 2020 and with a CAGR of approximately 12.0% over the forecast period. Among application segments, the commercial building segment is estimated to contribute 52.4% revenue share in 2020 and is expected to increase revenue at a CAGR of 11.9% during the forecast period.

    Among regions, the North American region is anticipated to hold the highest share due to the huge consumer base for smartphones and other smart electronics. The North America market is estimated to contribute XX% revenue share in 2020 and is expected to increase revenue at a CAGR of 11.1% during the forecast period. North America follows the Europe market for KNX products.

    Global KNX Products Market Competitive Landscape

    Some of the leading manufacturers operating in the KNX Products market include

    • Siemens AG
    • Schneider Electric SE
    • ABB Ltd.
    • Legrand SA
    • Hager Group
    • Somfy
    • GIRA
    • JUNG
    • HDL
    • JOBO Smartech
    • Other Key Industry Players

    Some notable developments in the market include:

    • According to Smart Home Week survey, 57% of households in the UK own smart devices. Moreover, there are 2.22 million smart homes in the UK.
    • In 2020, JUNG Introduced New 4-Gang KNX LED Universal Dimming Actuator with high functionality in a compact design and can be interfaced between the bus system and the lighting.

    Report Scope

    • Forecast Period: 2022-2031
    • Actual Year: 2021
    • Historical Data Available for: 2015-2020

    Key Regions Covered

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Key Segments Covered

    KNX Products Market, By Product Type

    • Sensors
    • Actuators
    • System Components
    • Other Product Types

    KNX Products Market, By Application

    • Commercial Building
    • Residential Building
    • Other Applications

    Attribute Report Details
    Market Size Ask For Market Size
    Growth Rate Ask For Growth Rate
    Key Companies Ask For Companies
    Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more…
    Historical Data Period 2015-2020
    Base Year 2022
    Forecast Period 2022-2031
    Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa
    Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
    Revenue in US$ Mn

    • Siemens AG
    • Schneider Electric SE
    • ABB Ltd.
    • Legrand SA
    • Hager Group
    • Somfy
    • GIRA
    • JUNG
    • HDL
    • JOBO Smartech
    • Other Key Industry Players
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