Market size
$78.4 bn (2026)
CAGR to 2030
+5.8%
Buyer power
Balanced
Tracked suppliers
250
Projected market growth to 2030
Market size index, 2026 = 100, at the 5.8% CAGR.
Cost structure
45%
20%
15%
12%
8%
Regional demand split
42%
28%
20%
10%
Key suppliers
Siemens AGABB LtdSchneider Electric SEHoneywell International IncRockwell Automation IncEmerson Electric Co
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