KNX Home Automation Research:CAGR of 11.2% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "KNX Home Automation- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for KNX Home Automation was estimated to be worth US$ 65740 million in 2023 and is forecast to a readjusted size of US$ 100060 million by 2030 with a CAGR of 6.2% during the forecast period 2024-2030



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KNX Home Automation Market Summary

KNX Products (Konnex) is the worldwide standard for home and building control. The standard is based on the communication stack of EIB but enlarged with the physical layers, configuration modes and application experience of BatiBUS and EHS. KNX Products defines several physical communication media: Twisted pair wiring (inherited from the BatiBUS and EIB Instabus standards); Powerline networking (inherited from EIB and EHS - similar to that used by X10); Radio (KNX Products-RF); Infrared; Ethernet (also known as EIBnet/IP or KNX Productsnet/IP). The most common form of installation is over twisted pair medium. KNX is technology which controls the automation of integral functions of any residential, commercial or industrial building such as HVAC, lighting systems, multimedia, security, energy management and more.

KNX combines all main building functions like lighting, heating, air-conditioning or shading into one intelligent system, which helps to lower operational costs resulting in considerable energy savings, to save installation time as well as to increase flexibility and adaptability to future developments.

KNX Home Automation includes not only KNX products, but also a large number of services. Services play an important role in the design, installation, commissioning, and maintenance of the KNX system. These services ensure the effective operation of the system and the realization of customized solutions, making the KNX system not only a collection of devices, but also a comprehensive smart home solution with complete functions.

According to the new market research report "Global KNX Home Automation Market Report 2024-2030", published by QYResearch, the global KNX Home Automation market size is projected to reach USD 16.58 billion by 2030, at a CAGR of 11.2% during the forecast period.



Global KNX Home Automation MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global KNX Home Automation Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global KNX Home Automation Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global KNX Home Automation Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of KNX Home Automation include Schneider Electric, ABB, SIEMENS, Hager (Berker), Legrand, etc. In 2023, the global top five players had a share approximately 26.0% in terms of revenue.

KNX Home Automation,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global KNX Home Automation Market Report 2024-2030.

In terms of product type, Remote Control is the largest segment, hold a share of 14.1%,

In terms of product application, Residential Building is the largest application, hold a share of 53.3%,



Market Drivers:

Growing demand for smart homes: As people's requirements for convenience, comfort and safety increase, the demand for smart home devices continues to rise, driving the application of KNX automation systems.

Increased awareness of energy conservation and environmental protection: Global attention to energy efficiency and sustainable development has promoted the popularization of energy-saving smart control systems. KNX systems are favored for their energy efficiency management and environmental protection features.

Advances in IoT and AI technology: The development of IoT (IoT), artificial intelligence (AI) and 5G technology enables KNX systems to integrate more intelligent functions, such as remote control, voice recognition, and automatic adjustment, further improving user experience.

Trend of building intelligence: The increasing demand for intelligent control in commercial buildings, public facilities and high-end residences has promoted the application of KNX systems in smart lighting, HVAC, security systems, etc.

Global standardization and interoperability: As an international standard, KNX is highly interoperable and compatible with different brands and devices, which has promoted widespread application and market expansion around the world.

Restraint:

High initial cost: The installation and equipment costs of KNX systems are high, especially when renovating existing buildings, which may cause users to hesitate when making decisions.

System complexity: The installation and configuration of KNX systems are relatively complex, and usually require professional operation, which limits the ability of ordinary consumers to install and maintain them by themselves, and increases the threshold for use.

Insufficient market education: Many consumers and potential customers lack understanding of the KNX standard and its advantages, and the market penetration is low, which affects the widespread promotion of smart home technology.

Lack of plug-and-play experience: Compared with some simple smart home solutions (such as Wi-Fi or Bluetooth devices), KNX systems often lack the convenience of plug-and-play, and require more customized configuration, which affects the user experience.



Opportunity:

Smart home market expansion: The rapid growth of the global smart home market has brought huge potential demand for KNX systems, especially in application scenarios such as high-end residences, smart apartments, and luxury hotels.

Sustainable development and energy-saving trends: With the increasing global attention to energy conservation and sustainable development, the energy-saving management function of the KNX system can help buildings achieve higher energy efficiency, meet the needs of environmental regulations and green building certification, and expand market applications.

The integration of the Internet of Things (IoT) and AI: The development of IoT and artificial intelligence technologies has brought new possibilities to the KNX system. By integrating smart sensors, voice control, machine learning and other technologies, the KNX system can provide users with more intelligent and personalized home automation solutions.

5G and smart device interconnection: The promotion of 5G technology will enhance the connection speed and stability between devices, enabling the KNX system to achieve more efficient remote control and real-time data transmission, thereby improving user experience.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The KNX Home Automation market is segmented as below:

By Company

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



Segment by Type

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



Segment by Application

Commercial Building
Residential Building
Others



Each chapter of the report provides detailed information for readers to further understand the KNX Home Automation market:

Chapter 1: Introduces the report scope of the KNX Home Automation report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of KNX Home Automation manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various KNX Home Automation market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of KNX Home Automation in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of KNX Home Automation in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth KNX Home Automation competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides KNX Home Automation comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides KNX Home Automation market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global KNX Home Automation Market Research Report 2024
Global KNX Home Automation Market Insights, Forecast to 2030
KNX Home Automation - Global Market Insights and Sales Trends 2024
Global and India KNX Home Automation Market Report & Forecast 2023-2029
Global KNX Home Automation Market Research Report 2023
Global KNX Home Automation Market Insights, Forecast to 2029
Global KNX Home Automation Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global KNX Home Automation Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application

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