Market size
$13.4 bn (2026)
CAGR to 2030
+6.2%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth to 2030
Market size index, 2026 = 100, at the 6.2% CAGR.
Cost structure
35%
25%
15%
15%
10%
Regional demand split
35%
28%
25%
12%
Key suppliers
SiemensRockwell AutomationSchneider ElectricMitsubishi ElectricOmron CorporationABB
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