KNX products, which are various products supported by the KNX protocol, are a series of intelligent devices used in building automation systems. The KNX standard is a global open standard used for communication protocols in Building Automation Systems (BMS) and other smart home systems. KNX products usually include sensors, actuators, controllers, and other devices, such as temperature sensors, humidity sensors, light sensors, door and window sensors, dimmers, switches, curtain controllers, etc.

Overview of Overall Market Development and Analysis of Segmented Markets

With the increasing demand for intelligent living, the market demand for KNX products is also showing a rapid growth trend. According to our research data, the global KNX product market revenue in 2023 was $2183 million. In the coming years, with the continuous progress of technology and the continuous expansion of the market, the types and application areas of KNX products are expected to continue to expand. It is expected that the global KNX product market revenue will increase to $2543 million by 2026.

From the perspective of product types, the KNX product market presents a diverse product structure. According to the functional description of the KNX standard, KNX products can be divided into sensors, actuators, and system components. Sensor products are mainly used to collect environmental parameters such as temperature, humidity, lighting, etc., while actuator products are used to control device actions, such as adjusting light brightness, controlling curtain switches, etc. Among them, sensor KNX products occupy the largest market share.

From the perspective of downstream applications, KNX products were initially mainly used for building automation in commercial buildings but later expanded to residential buildings, hotels, hospitals, and other construction fields due to their high efficiency, intelligence, and reliability.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global KNX product market is low. Data shows that in 2020, the top 3 companies in the industry achieved a total revenue of $284 million for KNX products, with a total revenue share of 15.53%. The top three companies were SCHNEIDER, ABB, and SIEMENS. In 2020, these three companies accounted for 5.53%, 5.26%, and 4.74% of the global market revenue for their KNX products.

KNX Product Market Revenue and Share of Main Companies in 2020

Companies	Market Revenue (Million USD)	Share
SCHNEIDER	101	5.53%
ABB	96	5.26%
SIEMENS	87	4.74%
Top3	284	15.53%

Source: www.globalmarketmonitor.com