Functional Safety Market

Global Functional Safety Market Size, Share & Trends Analysis Report By Device Type, By Industry Verticals (Oil & Gas, Power Generation, Automotive, Pharmaceutical, Food & Beverage, and Others), By Safety System, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23115 Publication Date: June-2024 Number of Pages: 345
2023
USD 5.5 Billion
2031
USD 11.7 Billion
CAGR
10.1%
Historical Data
2020 to 2022
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Functional Safety Market, by Device Type
1.4.2 Global Functional Safety Market, by Industry Verticals
1.4.3 Global Functional Safety Market, by Safety System
1.4.4 Global Functional Safety Market, by Geography
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Nov – 2024, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Functional Safety Market by Device Type
5.1 Global Safety Sensors Market by Region
5.2 Global Safety Controllers, Modules & Relays Market by Region
5.3 Global Programmable Safety Systems Market by Region
5.4 Global Final Control Elements (Valves, Actuators) Market by Region
5.5 Global Emergency Stop Devices Market by Region
5.6 Global Others Market by Region

Chapter 6. Global Functional Safety Market by Industry Verticals
6.1 Global Oil & Gas Market by Region
6.2 Global Power Generation Market by Region
6.3 Global Automotive Market by Region
6.4 Global Pharmaceutical Market by Region
6.5 Global Food & Beverage Market by Region
6.6 Global Others Market by Region

Chapter 7. Global Functional Safety Market by Safety System
7.1 Global Emergency Shutdown Systems (ESD) Market by Region
7.2 Global Burner Management Systems (BMS) Market by Region
7.3 Global High-Integrity Pressure Protection Systems (HIPPS) Market by Region
7.4 Global Turbomachinery Control (TMC) Systems Market by Region
7.5 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Region
7.6 Global Fire & Gas Monitoring Control Systems Market by Region

Chapter 8. Global Functional Safety Market by Region
8.1 North America Functional Safety Market
8.1.1 North America Functional Safety Market by Device Type
8.1.1.1 North America Safety Sensors Market by Country
8.1.1.2 North America Safety Controllers, Modules & Relays Market by Country
8.1.1.3 North America Programmable Safety Systems Market by Country
8.1.1.4 North America Final Control Elements (Valves, Actuators) Market by Country
8.1.1.5 North America Emergency Stop Devices Market by Country
8.1.1.6 North America Others Market by Country
8.1.2 North America Functional Safety Market by Industry Verticals
8.1.2.1 North America Oil & Gas Market by Country
8.1.2.2 North America Power Generation Market by Country
8.1.2.3 North America Automotive Market by Country
8.1.2.4 North America Pharmaceutical Market by Country
8.1.2.5 North America Food & Beverage Market by Country
8.1.2.6 North America Others Market by Country
8.1.3 North America Functional Safety Market by Safety System
8.1.3.1 North America Emergency Shutdown Systems (ESD) Market by Country
8.1.3.2 North America Burner Management Systems (BMS) Market by Country
8.1.3.3 North America High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.1.3.4 North America Turbomachinery Control (TMC) Systems Market by Country
8.1.3.5 North America Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.1.3.6 North America Fire & Gas Monitoring Control Systems Market by Country
8.1.4 North America Functional Safety Market by Country
8.1.4.1 US Functional Safety Market
8.1.4.1.1 US Functional Safety Market by Device Type
8.1.4.1.2 US Functional Safety Market by Industry Verticals
8.1.4.1.3 US Functional Safety Market by Safety System
8.1.4.2 Canada Functional Safety Market
8.1.4.2.1 Canada Functional Safety Market by Device Type
8.1.4.2.2 Canada Functional Safety Market by Industry Verticals
8.1.4.2.3 Canada Functional Safety Market by Safety System
8.1.4.3 Mexico Functional Safety Market
8.1.4.3.1 Mexico Functional Safety Market by Device Type
8.1.4.3.2 Mexico Functional Safety Market by Industry Verticals
8.1.4.3.3 Mexico Functional Safety Market by Safety System
8.1.4.4 Rest of North America Functional Safety Market
8.1.4.4.1 Rest of North America Functional Safety Market by Device Type
8.1.4.4.2 Rest of North America Functional Safety Market by Industry Verticals
8.1.4.4.3 Rest of North America Functional Safety Market by Safety System
8.2 Europe Functional Safety Market
8.2.1 Europe Functional Safety Market by Device Type
8.2.1.1 Europe Safety Sensors Market by Country
8.2.1.2 Europe Safety Controllers, Modules & Relays Market by Country
8.2.1.3 Europe Programmable Safety Systems Market by Country
8.2.1.4 Europe Final Control Elements (Valves, Actuators) Market by Country
8.2.1.5 Europe Emergency Stop Devices Market by Country
8.2.1.6 Europe Others Market by Country
8.2.2 Europe Functional Safety Market by Industry Verticals
8.2.2.1 Europe Oil & Gas Market by Country
8.2.2.2 Europe Power Generation Market by Country
8.2.2.3 Europe Automotive Market by Country
8.2.2.4 Europe Pharmaceutical Market by Country
8.2.2.5 Europe Food & Beverage Market by Country
8.2.2.6 Europe Others Market by Country
8.2.3 Europe Functional Safety Market by Safety System
8.2.3.1 Europe Emergency Shutdown Systems (ESD) Market by Country
8.2.3.2 Europe Burner Management Systems (BMS) Market by Country
8.2.3.3 Europe High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.2.3.4 Europe Turbomachinery Control (TMC) Systems Market by Country
8.2.3.5 Europe Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.2.3.6 Europe Fire & Gas Monitoring Control Systems Market by Country
8.2.4 Europe Functional Safety Market by Country
8.2.4.1 Germany Functional Safety Market
8.2.4.1.1 Germany Functional Safety Market by Device Type
8.2.4.1.2 Germany Functional Safety Market by Industry Verticals
8.2.4.1.3 Germany Functional Safety Market by Safety System
8.2.4.2 UK Functional Safety Market
8.2.4.2.1 UK Functional Safety Market by Device Type
8.2.4.2.2 UK Functional Safety Market by Industry Verticals
8.2.4.2.3 UK Functional Safety Market by Safety System
8.2.4.3 France Functional Safety Market
8.2.4.3.1 France Functional Safety Market by Device Type
8.2.4.3.2 France Functional Safety Market by Industry Verticals
8.2.4.3.3 France Functional Safety Market by Safety System
8.2.4.4 Russia Functional Safety Market
8.2.4.4.1 Russia Functional Safety Market by Device Type
8.2.4.4.2 Russia Functional Safety Market by Industry Verticals
8.2.4.4.3 Russia Functional Safety Market by Safety System
8.2.4.5 Spain Functional Safety Market
8.2.4.5.1 Spain Functional Safety Market by Device Type
8.2.4.5.2 Spain Functional Safety Market by Industry Verticals
8.2.4.5.3 Spain Functional Safety Market by Safety System
8.2.4.6 Italy Functional Safety Market
8.2.4.6.1 Italy Functional Safety Market by Device Type
8.2.4.6.2 Italy Functional Safety Market by Industry Verticals
8.2.4.6.3 Italy Functional Safety Market by Safety System
8.2.4.7 Rest of Europe Functional Safety Market
8.2.4.7.1 Rest of Europe Functional Safety Market by Device Type
8.2.4.7.2 Rest of Europe Functional Safety Market by Industry Verticals
8.2.4.7.3 Rest of Europe Functional Safety Market by Safety System
8.3 Asia Pacific Functional Safety Market
8.3.1 Asia Pacific Functional Safety Market by Device Type
8.3.1.1 Asia Pacific Safety Sensors Market by Country
8.3.1.2 Asia Pacific Safety Controllers, Modules & Relays Market by Country
8.3.1.3 Asia Pacific Programmable Safety Systems Market by Country
8.3.1.4 Asia Pacific Final Control Elements (Valves, Actuators) Market by Country
8.3.1.5 Asia Pacific Emergency Stop Devices Market by Country
8.3.1.6 Asia Pacific Others Market by Country
8.3.2 Asia Pacific Functional Safety Market by Industry Verticals
8.3.2.1 Asia Pacific Oil & Gas Market by Country
8.3.2.2 Asia Pacific Power Generation Market by Country
8.3.2.3 Asia Pacific Automotive Market by Country
8.3.2.4 Asia Pacific Pharmaceutical Market by Country
8.3.2.5 Asia Pacific Food & Beverage Market by Country
8.3.2.6 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Functional Safety Market by Safety System
8.3.3.1 Asia Pacific Emergency Shutdown Systems (ESD) Market by Country
8.3.3.2 Asia Pacific Burner Management Systems (BMS) Market by Country
8.3.3.3 Asia Pacific High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.3.3.4 Asia Pacific Turbomachinery Control (TMC) Systems Market by Country
8.3.3.5 Asia Pacific Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.3.3.6 Asia Pacific Fire & Gas Monitoring Control Systems Market by Country
8.3.4 Asia Pacific Functional Safety Market by Country
8.3.4.1 China Functional Safety Market
8.3.4.1.1 China Functional Safety Market by Device Type
8.3.4.1.2 China Functional Safety Market by Industry Verticals
8.3.4.1.3 China Functional Safety Market by Safety System
8.3.4.2 Japan Functional Safety Market
8.3.4.2.1 Japan Functional Safety Market by Device Type
8.3.4.2.2 Japan Functional Safety Market by Industry Verticals
8.3.4.2.3 Japan Functional Safety Market by Safety System
8.3.4.3 India Functional Safety Market
8.3.4.3.1 India Functional Safety Market by Device Type
8.3.4.3.2 India Functional Safety Market by Industry Verticals
8.3.4.3.3 India Functional Safety Market by Safety System
8.3.4.4 South Korea Functional Safety Market
8.3.4.4.1 South Korea Functional Safety Market by Device Type
8.3.4.4.2 South Korea Functional Safety Market by Industry Verticals
8.3.4.4.3 South Korea Functional Safety Market by Safety System
8.3.4.5 Australia Functional Safety Market
8.3.4.5.1 Australia Functional Safety Market by Device Type
8.3.4.5.2 Australia Functional Safety Market by Industry Verticals
8.3.4.5.3 Australia Functional Safety Market by Safety System
8.3.4.6 Malaysia Functional Safety Market
8.3.4.6.1 Malaysia Functional Safety Market by Device Type
8.3.4.6.2 Malaysia Functional Safety Market by Industry Verticals
8.3.4.6.3 Malaysia Functional Safety Market by Safety System
8.3.4.7 Rest of Asia Pacific Functional Safety Market
8.3.4.7.1 Rest of Asia Pacific Functional Safety Market by Device Type
8.3.4.7.2 Rest of Asia Pacific Functional Safety Market by Industry Verticals
8.3.4.7.3 Rest of Asia Pacific Functional Safety Market by Safety System
8.4 LAMEA Functional Safety Market
8.4.1 LAMEA Functional Safety Market by Device Type
8.4.1.1 LAMEA Safety Sensors Market by Country
8.4.1.2 LAMEA Safety Controllers, Modules & Relays Market by Country
8.4.1.3 LAMEA Programmable Safety Systems Market by Country
8.4.1.4 LAMEA Final Control Elements (Valves, Actuators) Market by Country
8.4.1.5 LAMEA Emergency Stop Devices Market by Country
8.4.1.6 LAMEA Others Market by Country
8.4.2 LAMEA Functional Safety Market by Industry Verticals
8.4.2.1 LAMEA Oil & Gas Market by Country
8.4.2.2 LAMEA Power Generation Market by Country
8.4.2.3 LAMEA Automotive Market by Country
8.4.2.4 LAMEA Pharmaceutical Market by Country
8.4.2.5 LAMEA Food & Beverage Market by Country
8.4.2.6 LAMEA Others Market by Country
8.4.3 LAMEA Functional Safety Market by Safety System
8.4.3.1 LAMEA Emergency Shutdown Systems (ESD) Market by Country
8.4.3.2 LAMEA Burner Management Systems (BMS) Market by Country
8.4.3.3 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.4.3.4 LAMEA Turbomachinery Control (TMC) Systems Market by Country
8.4.3.5 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.4.3.6 LAMEA Fire & Gas Monitoring Control Systems Market by Country
8.4.4 LAMEA Functional Safety Market by Country
8.4.4.1 Brazil Functional Safety Market
8.4.4.1.1 Brazil Functional Safety Market by Device Type
8.4.4.1.2 Brazil Functional Safety Market by Industry Verticals
8.4.4.1.3 Brazil Functional Safety Market by Safety System
8.4.4.2 Argentina Functional Safety Market
8.4.4.2.1 Argentina Functional Safety Market by Device Type
8.4.4.2.2 Argentina Functional Safety Market by Industry Verticals
8.4.4.2.3 Argentina Functional Safety Market by Safety System
8.4.4.3 UAE Functional Safety Market
8.4.4.3.1 UAE Functional Safety Market by Device Type
8.4.4.3.2 UAE Functional Safety Market by Industry Verticals
8.4.4.3.3 UAE Functional Safety Market by Safety System
8.4.4.4 Saudi Arabia Functional Safety Market
8.4.4.4.1 Saudi Arabia Functional Safety Market by Device Type
8.4.4.4.2 Saudi Arabia Functional Safety Market by Industry Verticals
8.4.4.4.3 Saudi Arabia Functional Safety Market by Safety System
8.4.4.5 South Africa Functional Safety Market
8.4.4.5.1 South Africa Functional Safety Market by Device Type
8.4.4.5.2 South Africa Functional Safety Market by Industry Verticals
8.4.4.5.3 South Africa Functional Safety Market by Safety System
8.4.4.6 Nigeria Functional Safety Market
8.4.4.6.1 Nigeria Functional Safety Market by Device Type
8.4.4.6.2 Nigeria Functional Safety Market by Industry Verticals
8.4.4.6.3 Nigeria Functional Safety Market by Safety System
8.4.4.7 Rest of LAMEA Functional Safety Market
8.4.4.7.1 Rest of LAMEA Functional Safety Market by Device Type
8.4.4.7.2 Rest of LAMEA Functional Safety Market by Industry Verticals
8.4.4.7.3 Rest of LAMEA Functional Safety Market by Safety System

Chapter 9. Company Profiles
9.1 ABB Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 General Electric Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Rockwell Automation, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Emerson Electric Co.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Honeywell International, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Omron Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Yokogawa Electric Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Chapter 10. Winning Imperatives of Functional Safety Market
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