Market size
$38.5 bn (2026)
CAGR to 2030
+5.2%
Buyer power
Balanced
Tracked suppliers
150
Projected market growth to 2030
Market size index, 2026 = 100, at the 5.2% CAGR.
Cost structure
55%
15%
12%
10%
8%
Regional demand split
35%
30%
20%
10%
5%
Key suppliers
Bureau Veritas GroupJohnson ControlsHoneywell International Inc.Siemens AG
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