KNX Product Market Report: Trends, Forecast and Competitive Analysis to 2030

KNX Product Trends and Forecast

The future of the global KNX product market looks promising with opportunities in the commercial building and residential building applications. The global KNX product market is expected to reach an estimated $13.4 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing demand for convenient and flexible building automation systems and growing awareness of the benefits of building automation.

A more than 150-page report is developed to help in your business decisions.

KNX Product by Segment

The study includes a forecast for the global KNX product by type, application, and region.

KNX Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Sensors
• System Devices
• Actuators

KNX Product Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Buildings
• Residential Buildings
• Others

KNX Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of KNX Product Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies KNX product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the KNX product companies profiled in this report include-

• Schneider Electric
• ABB
• Siemens
• Hager
• Legrand
• Gira
• Somfy

KNX Product Market Insights

Lucintel forecasts that system device will remain the largest segment over the forecast period due to its growing use to build a reliable communication infrastructure and enable device system integration to their capacity.

APAC is expected to witness highest growth over the forecast period due to growing demand for microfocus x-ray sources in a variety of industries, including electronics, healthcare, and automotive in the region.

Features of the Global KNX Product Market

Market Size Estimates: KNX product market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: KNX product market size by type, application, and region in terms of value ($B).

Regional Analysis: KNX product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the KNX product market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the KNX product market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the KNX product market size?

Answer: The global KNX product market is expected to reach an estimated $13.4 billion by 2030.

Q2. What is the growth forecast for KNX product market?

Answer: The global KNX product market is expected to grow with a CAGR of 12.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the KNX product market?

Answer: The major drivers for this market are increasing demand for convenient and flexible building automation systems and growing awareness of the benefits of building automation.

Q4. What are the major segments for KNX product market?

Answer: The future of the KNX product market looks promising with opportunities in the commercial building and residential building applications.

Q5. Who are the key KNX product market companies?

Answer: Some of the key KNX product companies are as follows:

• Schneider Electric
• ABB
• Siemens
• Hager
• Legrand
• Gira
• Somfy

Q6. Which KNX product market segment will be the largest in future?

Answer: Lucintel forecasts that system device will remain the largest segment over the forecast period due to its growing use to build a reliable communication infrastructure and enable device system integration to their capacity.

Q7. In KNX product market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for microfocus x-ray sources in a variety of industries, including electronics, healthcare, and automotive in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the KNX product market by type (sensors, system devices, and actuators), application (commercial buildings, residential buildings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?