Market size
$7.90 bn (2026)
CAGR to 2030
+9.8%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth to 2030
Market size index, 2026 = 100, at the 9.8% CAGR.
Cost structure
45%
25%
15%
10%
5%
Regional demand split
40%
30%
20%
5%
5%
Key suppliers
Schneider ElectricSiemens AGHoneywell International Inc.Johnson ControlsEaton Corporation
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