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KNX Module Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
KNX Module MarketThe function of the KNX module is to connect the KNX smart home network with the main controller to realize the communication between the main controller and the KNX smart home network.
The global KNX Module market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of KNX Module in various end use industries. The expanding demands from the Commercial, Smart Home and Others,, are propelling KNX Module market. Bus Interface Module, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Switch Control Module segment is estimated at % CAGR for the next seven-year period.
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Asia Pacific shows high growth potential for KNX Module market, driven by demand from China, the second largest economy with some signs of stabilising, the KNX Module market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
By Type
• Bus Interface Module
• Switch Control Module
By Application
• Commercial
• Smart Home
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