Global KNX Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global KNX Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

KNX (Konnex) is a control system that ensures that products from different manufacturers work together smoothly. The KNX standard expands the physical layer, configuration methods and application experience of BatiBUS and EHS on the basis of the EIB communication stack. KNX controls smart home automation and building automation systems such as lighting management, heating and cooling, curtain control, security and door communication systems, audio and video, and more. KNX products can be installed into residential or commercial projects and can be used within any building type through wired, wireless, IP and power line communication media. The intelligent system formed by KNX products makes life and work more convenient.

Market Overview:

The latest research study on the global KNX Products market finds that the global KNX Products market reached a value of USD 6933.2 million in 2022. It’s expected that the market will achieve USD 16154.42 million by 2028, exhibiting a CAGR of 15.14% during the forecast period.

During the outbreak of COVID-19, transportation, tariffs, etc. were restricted, and the transportation of raw materials such as PCs was affected. Due to the limited demand for products during the epidemic, the price of raw materials also fluctuated. In addition, during the outbreak, the management efficiency of large and small companies declined, commuting was severely hindered, production plans were severely hindered, network expansion was delayed, marketing was delayed, brand adjustments were forced, market sales declined, and companies and employees Revenue fell. More seriously, it leads to an increase in unemployment. It is expected that in the next period of time, the lack of labor will further affect the development of the industry.

KNX products have become an integral part of modern building automation in schools, hospitals, museums, offices and homes.

However, in order to control the epidemic situation, basically many companies postponed the resumption of work. Secondly, the construction industry as a downstream field of KNX products is a labor-intensive industry. Due to the complexity and variability of the new coronavirus infection model, once the infection becomes more serious. Therefore, there is a certain lag in the demand market for KNX products. Although there is currently good epidemic control in most countries, factories need to protect workers and help curb the spread of the COVID-19 virus. Therefore, with the closure of some factories, the damage to the production supply chain is expected to intensify further.

Urbanization Increases Demand for Comfortable Homes

The continuous development of the global economy has accelerated the process of urbanization, and the demand for home comfort and multi-functional management in family or office complexes has continued to increase, and KNX products have therefore developed rapidly. KNX products offer unlimited flexibility and personalization options, allowing the user to conveniently control all functions using a smartphone or tablet, including remote control. The home automation smart network connects motion detectors, window glass breakage sensors, and blind controllers with alarm systems, panic buttons, and users' mobile phones to provide users with convenience and safety. In the long run, KNX products can increase the added value of real estate, improve the quality of life of residents, and promote urban and commercial prosperity. The urbanization process of emerging economies in the Asia-Pacific region has created a huge consumer market for KNX products. The modernization of infrastructure such as smart cities and government policy support for the electronics industry will also promote the demand for KNX products. Hence, rapid urbanization and growing demand for comfortable, sustainable, and safe living and working places will drive KNX product market growth.

The proliferation of Internet of Things (IoT) increases the demand for smart home and building solutions

IoT technology is based on device communication and sharing data through Internet. With stability and openness, the Internet of Things has become the driving force for many industries to develop important innovation solutions. Because people are pursuing more intelligent and more efficient family life, the KNX product industry has established a high degree of integration with the Internet of Things. On the one hand, the information system integrated with the Internet of Things and KNX technology effectively improves the digitalization of smart homes, networking and artificial intelligence, realizing IP migration of KNX products, supporting sustainable energy management, and ensuring the security of data privacy. On the other hand, it increases the added value of KNX products, opened new growth space for the industry, and helps build smart communities and smart cities. Specifically, manufacturers of KNX products are expanding their product portfolios to use energy storage, intelligent measurement, energy management and smart grids. Using the IoT, KNX products can be easily connected through the URL when installation.

Region Overview:

In 2021, the share of the KNX Products market in Europe stood at 53.14%.

Company Overview:

Schneider Electric, ABB, Siemens were the top 3 players in the KNX Products market in 2022, taking up a market share of 33.48% together.

Siemens

Siemens AG is an engineering and manufacturing company. The Company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.

ABB

ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics.

Segmentation Overview:

By type, HVAC Systems segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Commercial Building segment occupied the biggest share from 2017 to 2022.

Key Companies in the global KNX Products market covered in Chapter 3:

JUNG
Schneider Electric
Weinzierl Engineering GmbH
GVS
ABB
Hager Group
JOBO Smartech
Somfy
HDL
STEINEL
Theben AG
Tiansu
Siemens
B.E.G.
Gira
Johnson Controls
Urmet
Legrand

In Chapter 4 and Chapter 14.2, on the basis of types, the KNX Products market from 2018 to 2029 is primarily split into:

Energy Management
HVAC Systems
Blinds & Shutters
Metering
Remote Control
Monitoring Systems
Fire & Smoke Detection
White Goods
Lighting
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the KNX Products market from 2018 to 2029 covers:

Commercial Building
Residential Building
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)