KNX Smart Solutions Market is estimated to reach an expected value of USD 52.49 billion by 2032, Booming Worldwide With Leading Key Players -Schneider, ABB, SIEMENS, Hager (Berker), Legrand, Somfy, JUNG, GIRA, HDL, STEINEL, Urmet, GVS, B.E.G., DALITEK, JO

The global KNX product market size was valued at USD 13.56 billion in 2021. It is estimated to reach an expected value of USD 52.49 billion by 2032, growing at a CAGR of 15.9% during the forecast period (2022-2030). Europe is the dominant region and is expected to grow at a CAGR of 16.7% during the forecast period.

Leading players of KNX Smart Solutions including:

Schneider, ABB, SIEMENS, Hager (Berker), Legrand, Somfy, JUNG, GIRA, HDL, STEINEL, Urmet, GVS, B.E.G., DALITEK, JOBO Smartech, Tiansu, Theben AG, Rishun Technology

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- KNX Product is an open standard protocol for commercial and residential building automation that can save up to 60% on energy. It integrates all building operations, such as heating, air conditioning, and lighting, into a single intelligent system, lowering costs and increasing energy efficiency. The critical element driving market expansion is rising electricity prices and increased awareness of the need for energy efficiency. Furthermore, the rising demand for comfort and versatility in residential and commercial structures contributes to market expansion.

ncreased Demand for Comfort and Versatility in Residential and Commercial Buildings Propel the KNX Product Market

People currently strive for high and modern living standards where they can access electronically connected items such as televisions, refrigerators, smartphones, and other electronic devices. The demand for comfort is continually increasing when it comes to controlling air conditioning, lighting, and access control in single-family homes and business buildings. KNX is a sophisticated building technology installation solution that opens up a new level of modern living. A KNX system aids in the adaptation of the home automation system to changing needs, increasing the long-term value of the real estate and, in the long run, lowering up-grading charges. It enables customers to control all tasks effortlessly while on the go, using their smartphone or tablet.

The intelligent network for home automation integrates motion detectors, window glass break sensors, and blind controls with the alarm system, the emergency button, and you're mobile to ensure your safety and security-day and night. KNX is one of Europe's most popular home automation systems, and it has been defined in the International Standard IEC14543-3 as the world's only home and building automation standard. As a result, the rising demand for comfort and versatility in residential and commercial structures is expected to fuel market expansion in the coming years.

Regional Insights

Europe is the dominant region and is expected to grow at a CAGR of 15.7% during the forecast period. Germany's market remains the region's largest single market. KNX is the market leader in Europe for smart homes. Many installations in the European home automation market will use more than one protocol, each with its strengths and disadvantages. In Germany, for example, KNX has a 56% market share of the overall home automation industry. The home automation market in the UK is expected to grow, even though it is still in its infancy compared to other mature European countries such as Germany, Belgium, and the Netherlands, fueling regional growth.

Asia-Pacific is the second-largest market for KNX products. It is expected to reach USD 10 billion, growing at a CAGR of 16.3% during the forecast period. As customers become more tech-savvy, the usage of home automation systems has gradually increased in India. The Indian home automation industry is predicted to develop at a rate of 20-25% over the next 5-6 years, creating many prospects for KNX devices in the Indian market. Leading global brands such as ABB, Hager, Schneider, and Siemens participate in the Asia-Pacific KNX product market for intelligent buildings. In China, for example, KNX (with a 42% market share) dominates the home solutions industry, which was created primarily by major Chinese and European competent building providers. Such occurrences fuel the region's growth.

The Middle East and Africa is the third-largest region. KNX has already been used in projects in Saudi Arabia, the UAE, and Qatar, primarily for lighting control and energy-saving applications. The UAE boasts one of the most developed infrastructures in the Middle East, owing to significant investments in infrastructure development, particularly in cities such as Dubai and Abu Dhabi. Furthermore, KNX National Group Middle East is a neutral and local association to promote KNX on a local level in the UAE. KNX has been present in South Africa for over eight years, introducing a new dimension of modern life to the region. Many firms have expressed interest in the KNX protocol in the Middle East region over the years; for example, Siemens initially investigated the potential of the KNX product business in South Africa, then AMC German Technology entered the market with Gira's KNX products in 2005.

Key Highlights

The global KNX product market was valued at USD 13 billion in 2021. It is estimated to reach an expected value of USD 50 billion by 2030, growing at a CAGR of 15.9% during the forecast period (2022-2030).
Based on type, the KNX product market can be segmented into Sensors, Actuators, and System Devices. System Devices are the dominant segment and are estimated to grow at a CAGR of 15.8% during the forecast period.
Based on application, the KNX product market has been segmented into Commercial Buildings, Residential Buildings, and Others. The Commercial Building segment accounts for the largest share and is estimated to grow at a CAGR of 15.6% during the forecast period.
Region-wise, the global KNX product market is segmented into the Americas, Europe, Asia-Pacific, the Middle East, and Africa. Europe dominates the global market.

KNX Smart Solutions Segmentation by Type:

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

KNX Smart Solutions Segmentation by Application:

Commercial Building, Residential Building, Others

KNX Smart Solutions report answers some key questions:

What is the expected growth of global KNX Smart Solutions after covid-19 vaccine or treatment is found?
• What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric, and collaborative in the global KNX Smart Solutions?
• Which specific sectors are expected to drive growth in the global KNX Smart Solutions?
• What are key government policies and interventions implemented by leading global KNX Smart Solutions countries to help further adoption or growth of KNX Smart Solutions .
• How have the market players or the leading global KNX Smart Solutions firms have addressed the challenges faced during the pandemic?
• What growth opportunities the global KNX Smart Solutions offers?
Highlights of the Report:

The report provides KNX Smart Solutions industry demand trends in Q1 and Q2 2021.
• Individual circumstances of the KNX Smart Solutions segments are discussed in the report.
• The report contains forward-looking information on risks and uncertainties.
• The report studies the consumer-focused sectors of the KNX Smart Solutions.
• The trade scenarios of the products and services in particular segments are detailed in the report along with regulation, taxes, and tariffs.
• The trends that are impacting the KNX Smart Solutions for past few years are discussed in the report.
• The report studies the potential impact of the Covid-19 pandemic on the KNX Smart Solutions industry economy and performance of the market players in the same context.

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Table of Content:

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global KNX Smart Solutions by Players
4 KNX Smart Solutions by Regions
4.1 KNX Smart Solutions Size by Regions
4.2 Americas KNX Smart Solutions Size Growth
4.3 APAC KNX Smart Solutions Size Growth
4.4 Europe KNX Smart Solutions Size Growth
4.5 Middle East & Africa KNX Smart Solutions Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global KNX Smart Solutions Forecast
11 Key Players Analysis
12 Research Findings and Conclusion

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