LAMEA 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 Country and Growth Forecast, 2024 - 2031
Published Date : 12-Jun-2024 |
Pages: 159 |
Formats: PDF |
COVID-19 Impact on the LAMEA Functional Safety Market
Market Overview
The Latin America, Middle East and Africa Functional Safety Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Functional Safety Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $231.2 million by 2031. The Argentina market is showcasing a CAGR of 12.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.5% during (2024 - 2031).
AI and ML technologies are being integrated into functional safety systems to analyse large volumes of data, detect patterns, and identify potential safety risks. AI-driven algorithms enable predictive maintenance, anomaly detection, and risk assessment, helping to prevent safety incidents before they occur. With the rise of electric and autonomous vehicles, there's an increased focus on automotive functional safety to ensure the safety and reliability of vehicle systems. The automotive industry is adopting the ISO 26262 standard for functional safety to address the safety requirements of electrical and electronic systems in vehicles.
Furthermore, with the increasing connectivity of industrial systems, there's a growing focus on cybersecurity to protect safety systems from hacking, malware, and data breaches. Safety solutions are integrated with cybersecurity measures to ensure the integrity, confidentiality, and availability of safety-critical systems and data. Industries with high-risk operations such as oil & gas, chemical, and nuclear are increasingly adopting SIL 3 and SIL 4-rated safety systems to mitigate the risk of catastrophic accidents. There's a growing demand for safety solutions that provide the highest safety and reliability in high-risk environments.
Oil and gas facilities contain safety-critical systems that require safety solutions to ensure the safety of workers, protect the environment, and prevent accidents in UAE. The United Arab Emirates is projected to be one of the top 10 oil producers in the world in 2022 by the International Trade Administration (ITA). Abu Dhabi, ranked sixth globally, is home to almost 96% of the country's estimated 100 billion barrels of proven oil reserves. The United Arab Emirates produces 3.2 million barrels of liquid and petroleum products per day on average. Similarly, automotive manufacturers in Saudi Arabia are required to adhere to stringent safety standards to ensure the safety and reliability of vehicles. Safety solutions are integrated into electric vehicles to ensure the safety and reliability of vehicle systems, including battery management systems (BMS) and charging systems in Saudi Arabia. Around 52% of all cars sold in the Gulf Cooperation Council (GCC) and 35% in the Middle East and North Africa (MENA) in 2020 were sold in Saudi Arabia, according to the International Trade Administration. 2019 had 556,000 cars sold in Saudi Arabia, compared to 436,000 in 2020. By 2025, sales are expected to reach 543,000 units, of which only 32,000 will be electric cars. Thus, the expanding market in LAMEA is driven by the growth in oil and gas facilities and the significant automotive manufacturing in the region.
Free Valuable Insights: The Worldwide Functional Safety Market is Projected to reach USD11.7 Billion by 2031, at a CAGR of 10.1%
Based on Device Type, the market is segmented into Safety Sensors, Safety Controllers, Modules & Relays, Programmable Safety Systems, Final Control Elements (Valves, Actuators), Emergency Stop Devices, and Others. Based on Industry Verticals, the market is segmented into Oil & Gas, Power Generation, Automotive, Pharmaceutical, Food & Beverage, and Others. Based on Safety System, the market is segmented into Emergency Shutdown Systems (ESD), Burner Management Systems (BMS), High-Integrity Pressure Protection Systems (HIPPS), Turbomachinery Control (TMC) Systems, Supervisory Control and Data Acquisition (SCADA) Systems, and Fire & Gas Monitoring Control Systems. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- ABB Ltd.
- General Electric Company
- Siemens AG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Honeywell International, Inc.
- Omron Corporation
- Yokogawa Electric Corporation
LAMEA Functional Safety Market Report Segmentation
By Device Type
- Safety Sensors
- Safety Controllers, Modules & Relays
- Programmable Safety Systems
- Final Control Elements (Valves, Actuators)
- Emergency Stop Devices
- Others
By Industry Verticals
- Oil & Gas
- Power Generation
- Automotive
- Pharmaceutical
- Food & Beverage
- Others
By Safety System
- Emergency Shutdown Systems (ESD)
- Burner Management Systems (BMS)
- High-Integrity Pressure Protection Systems (HIPPS)
- Turbomachinery Control (TMC) Systems
- Supervisory Control and Data Acquisition (SCADA) Systems
- Fire & Gas Monitoring Control Systems
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of contents
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Functional Safety Market, by Device Type
1.4.2 LAMEA Functional Safety Market, by Industry Verticals
1.4.3 LAMEA Functional Safety Market, by Safety System
1.4.4 LAMEA Functional Safety Market, by Country
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. LAMEA Functional Safety Market by Device Type
5.1 LAMEA Safety Sensors Market by Country
5.2 LAMEA Safety Controllers, Modules & Relays Market by Country
5.3 LAMEA Programmable Safety Systems Market by Country
5.4 LAMEA Final Control Elements (Valves, Actuators) Market by Country
5.5 LAMEA Emergency Stop Devices Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Functional Safety Market by Industry Verticals
6.1 LAMEA Oil & Gas Market by Country
6.2 LAMEA Power Generation Market by Country
6.3 LAMEA Automotive Market by Country
6.4 LAMEA Pharmaceutical Market by Country
6.5 LAMEA Food & Beverage Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Functional Safety Market by Safety System
7.1 LAMEA Emergency Shutdown Systems (ESD) Market by Country
7.2 LAMEA Burner Management Systems (BMS) Market by Country
7.3 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country
7.4 LAMEA Turbomachinery Control (TMC) Systems Market by Country
7.5 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
7.6 LAMEA Fire & Gas Monitoring Control Systems Market by Country
Chapter 8. LAMEA Functional Safety Market by Country
8.1 Brazil Functional Safety Market
8.1.1 Brazil Functional Safety Market by Device Type
8.1.2 Brazil Functional Safety Market by Industry Verticals
8.1.3 Brazil Functional Safety Market by Safety System
8.2 Argentina Functional Safety Market
8.2.1 Argentina Functional Safety Market by Device Type
8.2.2 Argentina Functional Safety Market by Industry Verticals
8.2.3 Argentina Functional Safety Market by Safety System
8.3 UAE Functional Safety Market
8.3.1 UAE Functional Safety Market by Device Type
8.3.2 UAE Functional Safety Market by Industry Verticals
8.3.3 UAE Functional Safety Market by Safety System
8.4 Saudi Arabia Functional Safety Market
8.4.1 Saudi Arabia Functional Safety Market by Device Type
8.4.2 Saudi Arabia Functional Safety Market by Industry Verticals
8.4.3 Saudi Arabia Functional Safety Market by Safety System
8.5 South Africa Functional Safety Market
8.5.1 South Africa Functional Safety Market by Device Type
8.5.2 South Africa Functional Safety Market by Industry Verticals
8.5.3 South Africa Functional Safety Market by Safety System
8.6 Nigeria Functional Safety Market
8.6.1 Nigeria Functional Safety Market by Device Type
8.6.2 Nigeria Functional Safety Market by Industry Verticals
8.6.3 Nigeria Functional Safety Market by Safety System
8.7 Rest of LAMEA Functional Safety Market
8.7.1 Rest of LAMEA Functional Safety Market by Device Type
8.7.2 Rest of LAMEA Functional Safety Market by Industry Verticals
8.7.3 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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Functional Safety Market, by Device Type
1.4.2 LAMEA Functional Safety Market, by Industry Verticals
1.4.3 LAMEA Functional Safety Market, by Safety System
1.4.4 LAMEA Functional Safety Market, by Country
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. LAMEA Functional Safety Market by Device Type
5.1 LAMEA Safety Sensors Market by Country
5.2 LAMEA Safety Controllers, Modules & Relays Market by Country
5.3 LAMEA Programmable Safety Systems Market by Country
5.4 LAMEA Final Control Elements (Valves, Actuators) Market by Country
5.5 LAMEA Emergency Stop Devices Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Functional Safety Market by Industry Verticals
6.1 LAMEA Oil & Gas Market by Country
6.2 LAMEA Power Generation Market by Country
6.3 LAMEA Automotive Market by Country
6.4 LAMEA Pharmaceutical Market by Country
6.5 LAMEA Food & Beverage Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Functional Safety Market by Safety System
7.1 LAMEA Emergency Shutdown Systems (ESD) Market by Country
7.2 LAMEA Burner Management Systems (BMS) Market by Country
7.3 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country
7.4 LAMEA Turbomachinery Control (TMC) Systems Market by Country
7.5 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
7.6 LAMEA Fire & Gas Monitoring Control Systems Market by Country
Chapter 8. LAMEA Functional Safety Market by Country
8.1 Brazil Functional Safety Market
8.1.1 Brazil Functional Safety Market by Device Type
8.1.2 Brazil Functional Safety Market by Industry Verticals
8.1.3 Brazil Functional Safety Market by Safety System
8.2 Argentina Functional Safety Market
8.2.1 Argentina Functional Safety Market by Device Type
8.2.2 Argentina Functional Safety Market by Industry Verticals
8.2.3 Argentina Functional Safety Market by Safety System
8.3 UAE Functional Safety Market
8.3.1 UAE Functional Safety Market by Device Type
8.3.2 UAE Functional Safety Market by Industry Verticals
8.3.3 UAE Functional Safety Market by Safety System
8.4 Saudi Arabia Functional Safety Market
8.4.1 Saudi Arabia Functional Safety Market by Device Type
8.4.2 Saudi Arabia Functional Safety Market by Industry Verticals
8.4.3 Saudi Arabia Functional Safety Market by Safety System
8.5 South Africa Functional Safety Market
8.5.1 South Africa Functional Safety Market by Device Type
8.5.2 South Africa Functional Safety Market by Industry Verticals
8.5.3 South Africa Functional Safety Market by Safety System
8.6 Nigeria Functional Safety Market
8.6.1 Nigeria Functional Safety Market by Device Type
8.6.2 Nigeria Functional Safety Market by Industry Verticals
8.6.3 Nigeria Functional Safety Market by Safety System
8.7 Rest of LAMEA Functional Safety Market
8.7.1 Rest of LAMEA Functional Safety Market by Device Type
8.7.2 Rest of LAMEA Functional Safety Market by Industry Verticals
8.7.3 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
List of Tables
TABLE 1 LAMEA Functional Safety Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Safety Market
TABLE 4 Product Launches And Product Expansions– Functional Safety Market
TABLE 5 Acquisition and Mergers– Functional Safety Market
TABLE 6 LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 7 LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 8 LAMEA Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 21 LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 22 LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 33 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 34 LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 35 LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 36 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 44 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 45 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 46 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 47 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 48 LAMEA Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 49 LAMEA Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 50 Brazil Functional Safety Market, 2020 - 2023, USD Million
TABLE 51 Brazil Functional Safety Market, 2024 - 2031, USD Million
TABLE 52 Brazil Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 53 Brazil Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 54 Brazil Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 55 Brazil Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 56 Brazil Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 57 Brazil Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 58 Argentina Functional Safety Market, 2020 - 2023, USD Million
TABLE 59 Argentina Functional Safety Market, 2024 - 2031, USD Million
TABLE 60 Argentina Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 61 Argentina Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 62 Argentina Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 63 Argentina Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 64 Argentina Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 65 Argentina Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 66 UAE Functional Safety Market, 2020 - 2023, USD Million
TABLE 67 UAE Functional Safety Market, 2024 - 2031, USD Million
TABLE 68 UAE Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 69 UAE Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 70 UAE Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 71 UAE Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 72 UAE Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 73 UAE Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 74 Saudi Arabia Functional Safety Market, 2020 - 2023, USD Million
TABLE 75 Saudi Arabia Functional Safety Market, 2024 - 2031, USD Million
TABLE 76 Saudi Arabia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 77 Saudi Arabia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 78 Saudi Arabia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 79 Saudi Arabia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 80 Saudi Arabia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 81 Saudi Arabia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 82 South Africa Functional Safety Market, 2020 - 2023, USD Million
TABLE 83 South Africa Functional Safety Market, 2024 - 2031, USD Million
TABLE 84 South Africa Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 85 South Africa Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 86 South Africa Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 87 South Africa Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 88 South Africa Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 89 South Africa Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 90 Nigeria Functional Safety Market, 2020 - 2023, USD Million
TABLE 91 Nigeria Functional Safety Market, 2024 - 2031, USD Million
TABLE 92 Nigeria Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 93 Nigeria Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 94 Nigeria Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 95 Nigeria Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 96 Nigeria Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 97 Nigeria Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 98 Rest of LAMEA Functional Safety Market, 2020 - 2023, USD Million
TABLE 99 Rest of LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 100 Rest of LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 101 Rest of LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 102 Rest of LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 103 Rest of LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 104 Rest of LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 105 Rest of LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 106 Key Information – ABB Ltd.
TABLE 107 Key Information – General Electric Company
TABLE 108 Key Information – Siemens AG
TABLE 109 Key Information – Rockwell Automation, Inc.
TABLE 110 Key Information – Schneider Electric SE
TABLE 111 Key Information – Mitsubishi Electric Corporation
TABLE 112 Key Information – Emerson Electric Co.
TABLE 113 Key Information – Honeywell International, Inc.
TABLE 114 Key Information – Omron Corporation
TABLE 115 Key Information – Yokogawa Electric Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Functional Safety Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Functional Safety Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2020, Nov – 2024, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis - Functional Safety Market
FIG 8 LAMEA Functional Safety Market share by Device Type, 2023
FIG 9 LAMEA Functional Safety Market share by Device Type, 2031
FIG 10 LAMEA Functional Safety Market by Device Type, 2020 - 2031, USD Million
FIG 11 LAMEA Functional Safety Market share by Industry Verticals, 2023
FIG 12 LAMEA Functional Safety Market share by Industry Verticals, 2031
FIG 13 LAMEA Functional Safety Market by Industry Verticals, 2020 - 2031, USD Million
FIG 14 LAMEA Functional Safety Market share by Safety System, 2023
FIG 15 LAMEA Functional Safety Market share by Safety System, 2031
FIG 16 LAMEA Functional Safety Market by Safety System, 2020 - 2031, USD Million
FIG 17 LAMEA Functional Safety Market share by Country, 2023
FIG 18 LAMEA Functional Safety Market share by Country, 2031
FIG 19 LAMEA Functional Safety Market by Country, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: General electric (GE) CoMpany
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Rockwell Automation, Inc.
FIG 24 SWOT Analysis: Schneider Electric SE
FIG 25 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 26 SWOT Analysis: Mitsubishi Electric Corporation
FIG 27 Swot Analysis: EMERSON ELECTRIC CO.
FIG 28 Recent strategies and developments: Honeywell International, Inc.
FIG 29 Swot analysis: Honeywell international, inc.
FIG 30 Recent strategies and developments: Omron Corporation
FIG 31 SWOT Analysis: Omron Corporation
FIG 32 Swot Analysis: Yokogawa Electric CorporatioN
TABLE 2 LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Safety Market
TABLE 4 Product Launches And Product Expansions– Functional Safety Market
TABLE 5 Acquisition and Mergers– Functional Safety Market
TABLE 6 LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 7 LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 8 LAMEA Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 21 LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 22 LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 33 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 34 LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 35 LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 36 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 44 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 45 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 46 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 47 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 48 LAMEA Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 49 LAMEA Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 50 Brazil Functional Safety Market, 2020 - 2023, USD Million
TABLE 51 Brazil Functional Safety Market, 2024 - 2031, USD Million
TABLE 52 Brazil Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 53 Brazil Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 54 Brazil Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 55 Brazil Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 56 Brazil Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 57 Brazil Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 58 Argentina Functional Safety Market, 2020 - 2023, USD Million
TABLE 59 Argentina Functional Safety Market, 2024 - 2031, USD Million
TABLE 60 Argentina Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 61 Argentina Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 62 Argentina Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 63 Argentina Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 64 Argentina Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 65 Argentina Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 66 UAE Functional Safety Market, 2020 - 2023, USD Million
TABLE 67 UAE Functional Safety Market, 2024 - 2031, USD Million
TABLE 68 UAE Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 69 UAE Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 70 UAE Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 71 UAE Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 72 UAE Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 73 UAE Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 74 Saudi Arabia Functional Safety Market, 2020 - 2023, USD Million
TABLE 75 Saudi Arabia Functional Safety Market, 2024 - 2031, USD Million
TABLE 76 Saudi Arabia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 77 Saudi Arabia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 78 Saudi Arabia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 79 Saudi Arabia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 80 Saudi Arabia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 81 Saudi Arabia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 82 South Africa Functional Safety Market, 2020 - 2023, USD Million
TABLE 83 South Africa Functional Safety Market, 2024 - 2031, USD Million
TABLE 84 South Africa Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 85 South Africa Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 86 South Africa Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 87 South Africa Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 88 South Africa Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 89 South Africa Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 90 Nigeria Functional Safety Market, 2020 - 2023, USD Million
TABLE 91 Nigeria Functional Safety Market, 2024 - 2031, USD Million
TABLE 92 Nigeria Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 93 Nigeria Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 94 Nigeria Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 95 Nigeria Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 96 Nigeria Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 97 Nigeria Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 98 Rest of LAMEA Functional Safety Market, 2020 - 2023, USD Million
TABLE 99 Rest of LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 100 Rest of LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 101 Rest of LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 102 Rest of LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 103 Rest of LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 104 Rest of LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 105 Rest of LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 106 Key Information – ABB Ltd.
TABLE 107 Key Information – General Electric Company
TABLE 108 Key Information – Siemens AG
TABLE 109 Key Information – Rockwell Automation, Inc.
TABLE 110 Key Information – Schneider Electric SE
TABLE 111 Key Information – Mitsubishi Electric Corporation
TABLE 112 Key Information – Emerson Electric Co.
TABLE 113 Key Information – Honeywell International, Inc.
TABLE 114 Key Information – Omron Corporation
TABLE 115 Key Information – Yokogawa Electric Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Functional Safety Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Functional Safety Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2020, Nov – 2024, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis - Functional Safety Market
FIG 8 LAMEA Functional Safety Market share by Device Type, 2023
FIG 9 LAMEA Functional Safety Market share by Device Type, 2031
FIG 10 LAMEA Functional Safety Market by Device Type, 2020 - 2031, USD Million
FIG 11 LAMEA Functional Safety Market share by Industry Verticals, 2023
FIG 12 LAMEA Functional Safety Market share by Industry Verticals, 2031
FIG 13 LAMEA Functional Safety Market by Industry Verticals, 2020 - 2031, USD Million
FIG 14 LAMEA Functional Safety Market share by Safety System, 2023
FIG 15 LAMEA Functional Safety Market share by Safety System, 2031
FIG 16 LAMEA Functional Safety Market by Safety System, 2020 - 2031, USD Million
FIG 17 LAMEA Functional Safety Market share by Country, 2023
FIG 18 LAMEA Functional Safety Market share by Country, 2031
FIG 19 LAMEA Functional Safety Market by Country, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: General electric (GE) CoMpany
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Rockwell Automation, Inc.
FIG 24 SWOT Analysis: Schneider Electric SE
FIG 25 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 26 SWOT Analysis: Mitsubishi Electric Corporation
FIG 27 Swot Analysis: EMERSON ELECTRIC CO.
FIG 28 Recent strategies and developments: Honeywell International, Inc.
FIG 29 Swot analysis: Honeywell international, inc.
FIG 30 Recent strategies and developments: Omron Corporation
FIG 31 SWOT Analysis: Omron Corporation
FIG 32 Swot Analysis: Yokogawa Electric CorporatioN