Market size
$95.5 bn (2026)
CAGR to 2030
+8.4%
Buyer power
Favours buyers
Tracked suppliers
150
Projected market growth to 2030
Market size index, 2026 = 100, at the 8.4% CAGR.
Cost structure
45%
20%
15%
10%
10%
Regional demand split
38%
28%
20%
14%
Key suppliers
Siemens AGEmerson Electric Co.ABB LtdHoneywell International Inc.Schneider Electric SEYokogawa Electric Corporation
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