Germany KNX Products Market

Market Overview

The Germany KNX products market size was valued at USD 2,484 million in 2022 and is projected to reach USD 6,149 million by 2031, registering a CAGR of 10.4% during the forecast period (2023-2031).

Highlights

• Sensors dominate the market by type.
• Commercial building dominates the market by Application.

KNX is an open standard protocol for commercial and residential building automation that has the potential to reduce annual energy consumption by up to sixty percent. It is an intelligent system that incorporates all of the building's operations, such as heating, ventilation, and lighting, into a unified whole, resulting in cost savings and improved energy efficiency. The accelerating rate of urbanization and the rising demand for a convenient, environmentally friendly, and safe place to live and work will contribute to the acceleration of market growth. Its ability to cover the entire world's population with a single network, as well as its future-proof nature, limitless adaptability, and personalization options, will propel it to the vanguard of the market.

Market Dynamics

Germany KNX Products Market Drivers

Lifestyle and Business Trends Leaning Towards Luxurious and Intelligent Spaces

The pursuit of high and sophisticated living standards with access to technologically connected devices, such as televisions, refrigerators, smartphones, and various other electronic devices, has become popular. A KNX system facilitates the adaptation of the home automation system to changing requirements, increases the long-term value of the real estate, and reduces long-term upgrading costs. It enables users to control all functions conveniently, even when they are on the move, using their smartphone or tablet. The intelligent network for home automation connects motion detectors, window glass break sensors, and blind controls to the alarm system, the emergency button, and the users' mobile devices to ensure the highest level of safety and security. In the coming years, the market is anticipated to be driven by the rising demand for convenience and adaptability in residential and commercial structures.

Germany KNX Products Market Restraints

High Cost and Lack of Market Awareness

Low awareness regarding the advancements and benefits of KNX products and the overall presence of KNX products on the international market in most of the western portion of the world, as well as developing and emerging economies, is anticipated to restrain the development of the KNX products market to some degree. According to other standards, the complexity of the KNX software platform ETS is anticipated to restrain the market's expansion further. Consequently, the lack of awareness regarding the presence and the high cost of KNX products are expected to restrain the market growth of KNX products.

Germany KNX Products Market Opportunities

Increasing Adoption of the Internet of Things (IoT)

KNX is currently emerging as the dominant home automation system worldwide, and its integration with IoT will strengthen this position. KNX is expected to provide future opportunities for KNX IoT manufacturers and system integrators utilizing IoT technology and the most recent IoT advancements. These opportunities have allowed KNX manufacturers to broaden the application portfolio of KNX products to include energy storage, smart metering, energy management, mobility, renewable energies, and smart infrastructure. The KNX IoT solution will enable 'out-of-the-box' operation of the current KNX ecosystem while still permitting sophisticated configuration and adaptation to specific customer or operational requirements. KNX installations could be connected to the Internet of Things by providing a URL and credentials, such as a username and password. In the future, the Internet of Things (IoT) will likely present numerous opportunities for adopting more open standards and the KNX standard.

Regional Analysis

Germany is anticipated to grow at a significant CAGR over the coming years. KNX is the primary protocol for the smart home market across Europe. Many installations on the European market for home automation use multiple protocols, each with advantages and disadvantages. Despite being in its infancy compared to other developed European countries such as Germany, Belgium, and the Netherlands, the home automation industry in the United Kingdom is projected to expand.

Segmental Analysis

The Germany KNX products are segmented based on type, application, and country.

Based on Type, the market is segmented into sensors, actuators, and system components.

The sensors segment dominates the market and is expected to grow at a CAGR of 11.2% during the forecast period.

The KNX product market has been segmented based on Application into commercial buildings, residential buildings, and other applications.

Commercial buildings dominated the market and are expected to register a CAGR of 9.8% over the forecast period.

Recent Developments

• May 2022- The second version of the Smart Glass Room Temperature Controller was released by KNX manufacturer MDT Technologies.
• January 2022- With MDT's new KNX Shutter Push Button Smart, the user will have access to all shading-related information. The active color display denotes the status and operation of the shutters, including their height, slat position, and wind, rain, and frost warnings.