First dedicated study in to size of UK’s KNX market predicts significant growth
KNX UK, the association representing the KNX standard within the UK, has announced the findings of its recent extensive survey into the size and scope of the KNX market in the UK. The results show more than 86% of respondents are anticipating growth in 2017, with 41% expecting more than a 10% increase in KNX business. The total size of the KNX market stands at approximately £10m.
According to the research, 45% of KNX members expect growth of up to 10% in 2016, with 41% expecting growth of over 10% in 2017. This growth will be driven by an appetite and awareness of the Internet of Things, an increase in knowledge from specifiers and the KNX protocol’s proven strength as a versatile, easy to install solution for commercial and residential building control. 50% of respondents expect the use of the KNX protocol to increase in commercial properties whilst 39% anticipate growth in the use of KNX in residential applications.
“The research is hugely positive for companies working with KNX,” comments Iain Gordon, KNX UK President. “This is proof that KNX has an important stake in the UK building controls sector and will continue to build on this presence moving forwards. Exciting market opportunities lie ahead, and as an association we will remain active and supportive of manufacturers, wholesalers, integrators and training establishments seeking to build on this platform.” The KNX standard provides an open, reliable and easy to install approach for controlling lighting, blinds, security, heating, ventilation, air conditioning, (HVAC), water supply and irrigation, energy management, smart metering, fault finding and remote monitoring systems as well as household appliances, audio-video technology and more. Today, over 400 manufacturers develop and supply compatible devices and technologies for over 7,000 certified KNX product groups to a customer base of more than 50,000 KNX certified installers, operating in over 125 countries across the globe.
Conducted between January and March 2016, the KNX UK research was carried out by Sigma Research Management Group and surveyed 32 companies working with KNX in the UK. The Association plans to repeat the research in 2017. The complete findings of the research are available free of charge as a member benefit to all KNX UK members.