NEW YORK, United States, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “KNX Products Market By Type (Sensors, System Devices, And Actuators), By Application (Commercial Buildings And Residential Buildings), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global KNX Products Market size & share in terms of revenue was valued at USD 14.53 billion in 2022 and it is expected to surpass around USD 30.47 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 9.54% during the forecast period 2023 to 2030.”
What are KNX Products? How big is the KNX Products Industry?
KNX Products Report Coverage & Overview:
KNX stands as an open standard in the realm of residential and commercial building automation. Notably, KNX products are adept at managing an array of functions, encompassing lighting, window blinds, security systems, energy management, HVAC (Heating, Ventilation, and Air Conditioning), audio-video systems, remote control capabilities, and household appliances. It is renowned for its intelligence, seamlessly integrating various building operations like lighting, heating, and cooling into a cohesive and unified system. This integration not only trims expenses but also significantly amplifies energy efficiency.
Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs - https://www.zionmarketresearch.com/sample/knx-products-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- About 212+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research methodology
Global KNX Products Market: Growth Dynamics
Escalating Electricity Costs Driving Global Market Trends
The global KNX products market is set to experience substantial growth worldwide, primarily fueled by the rising costs of electricity and increasing awareness of the importance of power efficiency. Additionally, there is a significant surge in demand for these products in both residential and commercial buildings, which is propelling global market trends. Heightened concerns regarding the depletion of natural energy resources and rapid climate changes have generated substantial demand for KNX products on a global scale.
Furthermore, modern apartments designed with KNX technology prioritize energy conservation, resulting in reduced power consumption. This factor is expected to further boost global market demand. The introduction of new products will also play a significant role in expanding the market on a global scale. In June 2022, Onsemi, a U.S.-based semiconductor manufacturer, introduced groundbreaking solutions for KNX and PoE (Power over Ethernet). These innovative building automation solutions aim to meet the essential components required for smart home systems in the United States, thus fostering greater demand for KNX products not only in the U.S. but also across the globe.
Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/knx-products-market
Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 14.53 billion |
| Projected Market Size in 2030 | USD 30.47 billion |
| CAGR Growth Rate | 9.54% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | 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. |
| Key Segment | By Type, By Application, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
KNX Products Market: Segmentation Analysis
The worldwide KNX products market is categorized by type, application, and geographical region.
In terms of type, the global KNX products market is divided into three segments: sensors, system devices, and actuators. Notably, the system devices segment, which accounted for nearly 33% of the total market revenue in 2022, is poised for significant growth in the foreseeable future. This anticipated growth is attributed to the inclusion of essential KNX tools within the system devices category, such as programming interfaces, couplers, power suppliers, and routers. These tools facilitate efficient communication systems and enable seamless integration of KNX products into diverse environments. Furthermore, system devices enhance the functionality of KNX products by integrating various functions, thus driving the growth of this segment.
Regarding application, the global KNX products industry is segmented into two categories: commercial buildings and residential buildings. The commercial buildings segment, responsible for more than 35% of the global industry's market share in 2022, is expected to make a substantial contribution to the industry's overall revenue share by 2030. This segment's expansion over the next eight years is primarily driven by the widespread adoption of KNX systems for controlling various operations within commercial buildings. The growing demand for cost savings through automation systems in commercial construction has led to the extensive penetration of KNX products in the commercial building sector.
Top of Form
The global KNX Products market is segmented as follows:
By Type
- Sensors
- System Devices
- Actuators
By Application
- Commercial Buildings
- Residential Buildings
Browse the full “KNX Products Market By Type (Sensors, System Devices, And Actuators), By Application (Commercial Buildings And Residential Buildings), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/knx-products-market
Competitive Landscape
Some of the main competitors dominating 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
Key Insights from Primary Research:
- 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.
Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/knx-products-market
Key questions answered in this report:
- What is the market size and growth rate forecast for KNX Products industry?
- What are the main driving factors propelling the KNX Products Market forward?
- What are the leading companies in the KNX Products Industry?
- What segments does the KNX Products Market cover?
- How can I receive a free copy of the KNX Products Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Type, By Application, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Request for Customization on this Report as per your requirements - https://www.zionmarketresearch.com/custom/7438
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Regional Analysis:
The European region is poised to maintain its dominance in the global KNX products market throughout the forecast period.
Europe, which commanded a substantial 60% share of the global KNX products market in 2022, is expected to continue leading the regional market in the years to come. This growth can be attributed to the widespread adoption of KNX as a standard protocol for smart homes in European countries, with Germany being a notable example. In Germany, KNX accounts for nearly half of the market share in the home automation sector across Europe. Furthermore, as the home automation sector is predicted to witness remarkable expansion in countries like the UK, the European market is poised for further growth. Countries such as Belgium, Holland, and Germany are anticipated to be the primary revenue drivers in the region.
Additionally, the KNX products industry in the Asia-Pacific region is projected to register the highest Compound Annual Growth Rate (CAGR) during the assessment period. The significant growth drivers in this region include the increasing acceptance of home automation systems, particularly in countries like India, where there is a surge in tech-savvy consumers. Moreover, key industry players such as Schneider Electric SE, ABB Limited, Siemens AG, and Hager Group are establishing new units in countries like China, Japan, and India, which is contributing to the growth of regional industry trends.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/knx-products-market
Browse Other Related Research Reports from Zion Market Research:
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/
Follow Us on Twitter: https://twitter.com/zion_research
Follow Us on Facebook: https://www.facebook.com/zionmarketresearch
Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/
Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs
Contact Us:
Zion Market Research
USA/Canada Toll Free: 1 (855) 465-4651
Newark: 1 (302) 444-0166
India: +91 7768 006 007, +91 7768 006 008
Skype no: +13479038971, +17187054574
Skype no. United Kingdom: +442032894158
Web: https://www.zionmarketresearch.com/
Blog: https://zmrblog.com/
Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?
Email Directly Here with Detail Information: sales@zionmarketresearch.com
