Global Functional Safety Market Size, Share, and COVID-19 Impact Analysis, By Devices (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices, Others), By Safety System (ESD, HIPPS, BMS, TMC, F&G, DCS, SCADA, Others), By Verticals (Process Industry, Power Generation, Chemicals, Food & beverages, Water & Wastewater Treatment, Pharmaceuticals, Metals & Mining, Discrete Industry, Automotive, Railways, Medical, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030

Industry: Semiconductors & Electronics
RELEASE DATE Apr 2023
REPORT ID SI1663
PAGES 210
REPORT FORMAT PathSoft
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Description Table of Contents Scope of Report Methodology
  1. Introduction
    1. Objectives of the Study
    2. Market Definition
    3. Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    1. Porter’s Five Forces Analysis
    2. Value Chain Analysis
    3. Top Investment Pockets
      1. Market Attractiveness Analysis By Devices
      2. Market Attractiveness Analysis By Safety System
      3. Market Attractiveness Analysis By Verticals
      4. Market Attractiveness Analysis By Region
    4. Industry Trends
  5. Market Dynamics
    1. Market Evaluation
    2. Drivers
      1. Government mandates for stringent safety regulations
      2. Rising trend of Industry 4.0 across industries 
    3. Restraints
      1. High initial investment, installation, and maintenance costs associated with functional safety systems     
    4. Opportunities
      1. Increasing importance of enhanced machine and worker safety in emerging economies
      2. Rising acceptance of IIoT technology in industries
    5. Challenges
      1. Shortage of skilled functional safety certified workforce
  6. Market Segmentation
  7. Global Functional Safety Market Analysis and Projection, Devices
    1. Safety Sensors
    2. Safety Controllers
    3. Programmable Safety Systems
    4. Safety Switches
    5. Emergency Stop Devices
    6. Others
  8. Global Functional Safety Market Analysis and Projection, By Safety System
    1. Emergency Shutdown System (ESD)
    2. High Integrity Pressure Protection System (HIPPS)
    3. Burner Management System (BMS)
    4. Turbomachinery Control (TMC)
    5. Fire & Gas Monitoring System (F&G)
    6. Distributed Control Systems (DCS)
    7. Supervisory Control and Data Acquisition (SCADA)
    8. Others
  9. Global Functional Safety Market Analysis and Projection, By Verticals
    1. Process Industry
    2. Power Generation
    3. Chemicals
    4. Food & beverages
    5. Water & Wastewater Treatment
    6. Pharmaceuticals
    7. Metals & Mining
    8. Discrete Industry
    9. Railways
    10. Automotive
    11. Medical
    12. Others
  10. Global Functional Safety Market Analysis and Projection, By Regional Analysis
    1. Segment Overview
    2. North America
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
    4. Asia-Pacific
      1. Japan
      2. China
      3. India
    5. South America
      1. Brazil
    6. Middle East and Africa
      1. UAE
      2. South Africa
  11. Global Functional Safety Market-Competitive Landscape
    1. Overview
    2. Market Share of Key Players in the Functional Safety Market
      1. Global Company Market Share
      2. North America Company Market Share
      3. Europe Company Market Share
      4. APAC Company Market Share
    3. Competitive Situations and Trends
      1. Coverage Launches and Developments
      2. Partnerships, Collaborations, and Agreements
      3. Mergers & Acquisitions
      4. Expansions
  12. Company Profiles
    1. ABB Ltd.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    2. Balluff
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    3. SICK AG
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    4.  Siemens AG
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    5.  Emerson Electric Co.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    6. Schneider Electric
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    7. Johnson Controls
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    8. General Electric Company
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    9.  Proserv Ingenious Simplicity
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    10.  Honeywell International Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    11.  Rockwell Automation Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    12. Omron Corporation
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    13.   TÜV Rheinland
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    14.  Banner Engineering Corporation
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis
    15.  Yokogawa Electric Corporation
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Coverage Portfolio
      5. Recent Developments
      6. SWOT Analysis

List of Table

  1. Global Functional Safety Market, By Devices, 2021-2030(USD Billion)
  2. Global Safety Sensors, Functional Safety Market, By Region, 2021-2030(USD Billion)
  3. Global Safety Controllers, Functional Safety Market, By Region, 2021-2030(USD Billion)
  4. Global Programmable Safety Systems, Functional Safety Market, By Region, 2021-2030(USD Billion)
  5. Global Safety Switches, Functional Safety Market, By Region, 2021-2030(USD Billion)
  6. Global Emergency Stop Devices, Functional Safety Market, By Region, 2021-2030(USD Billion)
  7. Global Others, Functional Safety Market, By Region, 2021-2030(USD Billion)
  8. Global Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  9. Global Emergency Shutdown System (ESD), Functional Safety Market, By Region, 2021-2030(USD Billion)
  10. Global High Integrity Pressure Protection System (HIPPS), Functional Safety Market, By Region, 2021-2030(USD Billion)
  11. Global Burner Management System (BMS), Functional Safety Market, By Region, 2021-2030(USD Billion)
  12. Global Turbomachinery Control (TMC), Functional Safety Market, By Region, 2021-2030(USD Billion)
  13. Global Fire & Gas Monitoring System (F&G), Functional Safety Market, By Region, 2021-2030(USD Billion)
  14. Global Distributed Control Systems (DCS), Functional Safety Market, By Region, 2021-2030(USD Billion)
  15. Global Supervisory Control and Data Acquisition (SCADA), Functional Safety Market, By Region, 2021-2030(USD Billion)
  16. Global Others, Functional Safety Market, By Region, 2021-2030(USD Billion)
  17. Global Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  18. Global Process Industry, Functional Safety Market, By Region, 2021-2030(USD Billion)
  19. Global Power Generation, Functional Safety Market, By Region, 2021-2030(USD Billion)
  20. Global Chemicals, Functional Safety Market, By Region, 2021-2030(USD Billion)
  21. Global Food & beverages, Functional Safety Market, By Region, 2021-2030(USD Billion)
  22. Global Water & Wastewater Treatment, Functional Safety Market, By Region, 2021-2030(USD Billion)
  23. Global Pharmaceuticals, Functional Safety Market, By Region, 2021-2030(USD Billion)
  24. Global Metals & Mining, Functional Safety Market, By Region, 2021-2030(USD Billion)
  25. Global Discrete Industry, Functional Safety Market, By Region, 2021-2030(USD Billion)
  26. Global Automotive, Functional Safety Market, By Region, 2021-2030(USD Billion)
  27. Global Railways, Functional Safety Market, By Region, 2021-2030(USD Billion)
  28. Global Medical, Functional Safety Market, By Region, 2021-2030(USD Billion)
  29. Global Others, Functional Safety Market, By Region, 2021-2030(USD Billion)
  30. Global Functional Safety Market, By Region, 2021-2030(USD Billion)
  31. North America Functional Safety Market, By Devices, 2021-2030(USD Billion)
  32. North America Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  33. North America Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  34. U.S.  Functional Safety Market, By Devices, 2021-2030(USD Billion)
  35. U.S.  Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  36. U.S.  Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  37. Canada Functional Safety Market, By Devices, 2021-2030(USD Billion)
  38. Canada Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  39. Canada Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  40. Mexico Functional Safety Market, By Devices, 2021-2030(USD Billion)
  41. Mexico Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  42. Mexico Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  43. Europe Functional Safety Market, By Devices, 2021-2030(USD Billion)
  44. Europe Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  45. Europe Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  46. Germany Functional Safety Market, By Devices, 2021-2030(USD Billion)
  47. Germany Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  48. Germany Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  49. France Functional Safety Market, By Devices, 2021-2030(USD Billion)
  50. France Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  51. France Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  52. U.K.  Functional Safety Market, By Devices, 2021-2030(USD Billion)
  53. U.K.  Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  54. U.K.  Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  55. Italy Functional Safety Market, By Devices, 2021-2030(USD Billion)
  56. Italy Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  57. Italy Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  58. Spain Functional Safety Market, By Devices, 2021-2030(USD Billion)
  59. Spain Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  60. Spain Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  61. Asia Pacific Functional Safety Market, By Devices, 2021-2030(USD Billion)
  62. Asia Pacific Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  63. Asia Pacific Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  64. Japan Functional Safety Market, By Devices, 2021-2030(USD Billion)
  65. Japan Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  66. Japan Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  67. China Functional Safety Market, By Devices, 2021-2030(USD Billion)
  68. China Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  69. China Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  70. India Functional Safety Market, By Devices, 2021-2030(USD Billion)
  71. India Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  72. India Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  73. South America Functional Safety Market, By Devices, 2021-2030(USD Billion)
  74. South America Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  75. South America Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  76. Brazil Functional Safety Market, By Devices, 2021-2030(USD Billion)
  77. Brazil Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  78. Brazil Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  79. The Middle East and Africa Functional Safety Market, By Devices, 2021-2030(USD   Billion)
  80. The Middle East and Africa Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  81. The Middle East and Africa Functional Safety Market, By Verticals, 2021-2030(USD Billion)
  82. UAE Functional Safety Market, By Devices, 2021-2030(USD Billion)
  83. UAE Functional Safety Market, By Safety System, 2021-2030(USD Billion) 
  84. UAE Functional Safety Market, By Verticals, 2021-2030(USD Billion) 
  85. South Africa Functional Safety Market, By Devices, 2021-2030(USD Billion)
  86. South Africa Functional Safety Market, By Safety System, 2021-2030(USD Billion)
  87. South Africa Functional Safety Market, By Verticals, 2021-2030(USD Billion)

List of Figures 

  1. Global Functional Safety Market Segmentation
  2. Functional Safety Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Top investment pocket in the Functional Safety Market
  9. Top Winning Strategies, 2021-2030
  10. Top Winning Strategies, By Development, 2021-2030(%)
  11. Top Winning Strategies, By Company, 2021-2030
  12. Moderate Bargaining power of Buyers
  13. Moderate Bargaining power of Suppliers
  14. Moderate Bargaining power of New Entrants
  15. Low threat of Substitution
  16. High Competitive Rivalry
  17. Top Player Positioning, 2021
  18. Market Share Analysis, 2021
  19. Restraint and Drivers:  Functional Safety Market
  20.  Functional Safety Market Segmentation, By Devices
  21. Functional Safety Market For Safety Sensors, By Region, 2021-2030 ($ Billion)
  22. Functional Safety Market For Safety Controllers, By Region, 2021-2030 ($ Billion)
  23. Functional Safety Market For Programmable Safety Systems, By Region, 2021-2030 ($ Billion)
  24. Functional Safety Market For Safety Switches, By Region, 2021-2030 ($ Billion)
  25. Functional Safety Market For Emergency Stop Devices, By Region, 2021-2030 ($ Billion)
  26. Functional Safety Market For Others, By Region, 2021-2030 ($ Billion)
  27.  Functional Safety Market Segmentation, By Safety System
  28. Functional Safety Market For Emergency Shutdown System (ESD), By Region, 2021-2030 ($ Billion)
  29. Functional Safety Market For High Integrity Pressure Protection System (HIPPS), By Region, 2021-2030 ($ Billion)
  30. Functional Safety Market For Burner Management System (BMS), By Region, 2021-2030 ($ Billion)
  31. Functional Safety Market For Turbomachinery Control (TMC), By Region, 2021-2030 ($ Billion)
  32. Functional Safety Market For Fire & Gas Monitoring System (F&G), By Region, 2021-2030 ($ Billion)
  33. Functional Safety Market For Distributed Control Systems (DCS), By Region, 2021-2030 ($ Billion)
  34. Functional Safety Market For Supervisory Control and Data Acquisition (SCADA), By Region, 2021-2030 ($ Billion)
  35. Functional Safety Market For Others, By Region, 2021-2030 ($ Billion)
  36. Functional Safety Market Segmentation, By Verticals
  37. Functional Safety Market For Process Industry, By Region, 2021-2030 ($ Billion)
  38. Functional Safety Market For Power Generation, By Region, 2021-2030 ($ Billion)
  39. Functional Safety Market For Chemicals, By Region, 2021-2030 ($ Billion)
  40. Functional Safety Market For Food & beverages, By Region, 2021-2030 ($ Billion)
  41. Functional Safety Market For Water & Wastewater Treatment, By Region, 2021-2030 ($ Billion)
  42. Functional Safety Market For Pharmaceuticals, By Region, 2021-2030 ($ Billion)
  43. Functional Safety Market For Metals & Mining, By Region, 2021-2030 ($ Billion)
  44. Functional Safety Market For Discrete Industry, By Region, 2021-2030 ($ Billion)
  45. Functional Safety Market For Automotive, By Region, 2021-2030 ($ Billion)
  46. Functional Safety Market For Railways, By Region, 2021-2030 ($ Billion)
  47. Functional Safety Market For Medical, By Region, 2021-2030 ($ Billion)
  48. Functional Safety Market For Others, By Region, 2021-2030 ($ Billion)
  49. ABB Ltd.: Net Sales, 2021-2030 ($ Billion)
  50. ABB Ltd.: Revenue Share, By Segment, 2021 (%)
  51. ABB Ltd.: Revenue Share, By Region, 2021 (%)
  52. Balluff, Inc.: Net Sales, 2021-2030 ($ Billion)
  53. Balluff: Revenue Share, By Segment, 2021 (%)
  54. Balluff: Revenue Share, By Region, 2021 (%)
  55. SICK AG: Net Sales, 2021-2030 ($ Billion)
  56. SICK AG: Revenue Share, By Segment, 2021 (%)
  57. SICK AG: Revenue Share, By Region, 2021 (%)
  58. Siemens AG: Net Sales, 2021-2030 ($ Billion)
  59. Siemens AG: Revenue Share, By Segment, 2021 (%)
  60. Siemens AG: Revenue Share, By Region, 2021 (%)
  61. Emerson Electric Co.: Net Sales, 2021-2030 ($ Billion)
  62. Emerson Electric Co.: Revenue Share, By Segment, 2021 (%)
  63. Emerson Electric Co.: Revenue Share, By Region, 2021 (%)
  64. Schneider Electric: Net Sales, 2021-2030 ($ Billion)
  65. Schneider Electric: Revenue Share, By Segment, 2021 (%)
  66. Schneider Electric: Revenue Share, By Region, 2021 (%)
  67. Johnson Controls: Net Sales, 2021-2030 ($ Billion)
  68. Johnson Controls: Revenue Share, By Segment, 2021 (%)
  69. Johnson Controls: Revenue Share, By Region, 2021 (%)
  70. General Electric Company: Net Sales, 2021-2030 ($ Billion)
  71. General Electric Company: Revenue Share, By Segment, 2021 (%)
  72. General Electric Company: Revenue Share, By Region, 2021 (%)
  73. Proserv Ingenious Simplicity: Net Sales, 2021-2030 ($ Billion)
  74. Proserv Ingenious Simplicity: Revenue Share, By Segment, 2021 (%)
  75. Proserv Ingenious Simplicity: Revenue Share, By Region, 2021 (%)
  76. Honeywell International Inc.: Net Sales, 2021-2030 ($ Billion)
  77. Honeywell International Inc.: Revenue Share, By Segment, 2021 (%)
  78. Honeywell International Inc.: Revenue Share, By Region, 2021 (%)
  79. Rockwell Automation Inc.: Net Sales, 2021-2030 ($ Billion)
  80. Rockwell Automation Inc.: Revenue Share, By Segment, 2021 (%)
  81. Rockwell Automation Inc.: Revenue Share, By Region, 2021 (%)
  82. Omron Corporation: Net Sales, 2021-2030 ($ Billion)
  83. Omron Corporation: Revenue Share, By Segment, 2021 (%)
  84. Omron Corporation: Revenue Share, By Region, 2021 (%)
  85. TÜV Rheinland: Net Sales, 2021-2030 ($ Billion)
  86. TÜV Rheinland: Revenue Share, By Segment, 2021 (%)
  87. TÜV Rheinland: Revenue Share, By Region, 2021 (%)
  88. Banner Engineering Corporation: Net Sales, 2021-2030 ($ Billion)
  89. Banner Engineering Corporation: Revenue Share, By Segment, 2021 (%)
  90. Banner Engineering Corporation: Revenue Share, By Region, 2021 (%)
  91. Yokogawa Electric Corporation: Net Sales, 2021-2030 ($ Billion)
  92. Yokogawa Electric Corporation: Revenue Share, By Segment, 2021 (%)
  93. Yokogawa Electric Corporation: Revenue Share, By Region, 2021 (%)

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Base Year:2021
Tables & Figures:180
Pages:210
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