New

Functional Safety Market

2021

Functional Safety Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Offering (Component, Service); System (Emergency Shutdown System (ESD), Turbo Machinery Control (TMC), Fire and Gas Monitoring, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS)); End-user Industry (Oil and Gas, Chemicals, Power Generation, Pharmaceuticals, Food and Beverage, Others) and Geography

| Report Code: TIPRE00007633 | No. of Pages: 150 | Category: Electronics and Semiconductor | Status: Upcoming

Market Insights

Functional Safety Market 2028 by Offering, System, End-user Industry and Geography | The Insight Partners

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MARKET INTRODUCTION

The functional safety is part of the overall safety of the system. Failure occurs due to certain reason such as random failure of any part, software, hardware, and by human error hence need to be a precaution, this system provides safety, henceforth the increasing demand for the functional safety market globally. The increasing safety standards and government policies for safety, also growing concern about individual protection is the key factor driving the growth of the functional safety market.

MARKET DYNAMICS

The functional safety helps to prevent dangerous failure; also, it helps the system to function correctly. Hence, increasing adoption of the functional safety rising demand for the functional safety market. This system provides various benefits such as reduce risk and ensure safety, thereby prevent any loss or damage to humans or the environment. These factors are driving the need for the functional safety market. However, the system required a number of components that increase its cost, which may restrain the growth of the functional safety market. An increasing number of manufacturing, oil and gas, chemical, pharmaceutical companies in the emerging economies such as India, China, Japan, and others are demanding for the functional safety system that is expected to drive the growth of the functional safety market.

MARKET SCOPE

The “Global Functional Safety Market Analysis to 2028” is a specialized and in-depth study of the functional safety market industry with a special focus on the global market trend analysis. The report aims to provide an overview of functional safety market with detailed market segmentation by offering, system, and end-user industry, and geography. The global functional safety market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading functional safety market players and offers key trends and opportunities in the functional safety market.

MARKET SEGMENTATION

The global functional safety market is segmented on the basis of offering, system, and end-user industry. On the basis of offering the market is segmented as component, service. On the basis of system the market is segmented as emergency shutdown system (ESD), turbo machinery control (TMC), fire and gas monitoring, high integrity pressure protection system (HIPPS), burner management system (BMS). On the basis of end-user industry the market is segmented as oil and gas, chemicals, power generation, pharmaceuticals, food and beverage, others.



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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global functional safety market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The functional safety market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting functional safety market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the functional safety market in these regions.



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MARKET PLAYERS


The reports cover key developments in the functional safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from functional safety market are anticipated to lucrative growth opportunities in the future with the rising demand for functional safety market in the global market. Below mentioned is the list of few companies engaged in the functional safety market.

The report also includes the profiles of key functional safety market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  • ABB
  • Emerson Electric
  • General Electric
  • HIMA Paul Hildebrandt GmbH
  • Honeywell
  • Omron
  • Rockwell
  • Schneider Electric
  • Siemens
  • Yokogawa Electric Corporation
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Functional Safety Market - By Offering
1.3.2Functional Safety Market - By System
1.3.3Functional Safety Market - By End-user Industry
1.3.4Functional Safety Market - By Region
1.3.4.1By Country

2.KEY TAKEWAYS

3.RESEARCH METHODOLOGY

4.FUNCTIONAL SAFETY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.FUNCTIONAL SAFETY MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6.FUNCTIONAL SAFETY MARKET - GLOBAL MARKET ANALYSIS
6.1.FUNCTIONAL SAFETY - GLOBAL MARKET OVERVIEW
6.2.FUNCTIONAL SAFETY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.FUNCTIONAL SAFETY MARKET - REVENUE AND FORECASTS TO 2028 – OFFERING
7.1.OVERVIEW
7.2.OFFERING MARKET FORECASTS AND ANALYSIS
7.3.COMPONENT
7.3.1.Overview
7.3.2.Component Market Forecast and Analysis
7.3.3.Safety Sensors Market
7.3.3.1.Overview
7.3.3.2.Safety Sensors Market Forecast and Analysis
7.3.4.Safety Switches Market
7.3.4.1.Overview
7.3.4.2.Safety Switches Market Forecast and Analysis
7.3.5.Programmable Safety Systems Market
7.3.5.1.Overview
7.3.5.2.Programmable Safety Systems Market Forecast and Analysis
7.3.6.Final Control Elements Market
7.3.6.1.Overview
7.3.6.2.Final Control Elements Market Forecast and Analysis
7.3.7.Emergency Stop Devices Market
7.3.7.1.Overview
7.3.7.2.Emergency Stop Devices Market Forecast and Analysis
7.3.8.Others Market
7.3.8.1.Overview
7.3.8.2.Others Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
8.FUNCTIONAL SAFETY MARKET - REVENUE AND FORECASTS TO 2028 – SYSTEM
8.1.OVERVIEW
8.2.SYSTEM MARKET FORECASTS AND ANALYSIS
8.3.EMERGENCY SHUTDOWN SYSTEM (ESD)
8.3.1.Overview
8.3.2.Emergency Shutdown System (ESD) Market Forecast and Analysis
8.4.TURBO MACHINERY CONTROL (TMC)
8.4.1.Overview
8.4.2.Turbo Machinery Control (TMC) Market Forecast and Analysis
8.5.FIRE AND GAS MONITORING
8.5.1.Overview
8.5.2.Fire and Gas Monitoring Market Forecast and Analysis
8.6.HIGH INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS)
8.6.1.Overview
8.6.2.High Integrity Pressure Protection System (HIPPS) Market Forecast and Analysis
8.7.BURNER MANAGEMENT SYSTEM (BMS)
8.7.1.Overview
8.7.2.Burner Management System (BMS) Market Forecast and Analysis
9.FUNCTIONAL SAFETY MARKET - REVENUE AND FORECASTS TO 2028 – END-USER INDUSTRY
9.1.OVERVIEW
9.2.END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3.OIL AND GAS
9.3.1.Overview
9.3.2.Oil and Gas Market Forecast and Analysis
9.4.CHEMICALS
9.4.1.Overview
9.4.2.Chemicals Market Forecast and Analysis
9.5.POWER GENERATION
9.5.1.Overview
9.5.2.Power Generation Market Forecast and Analysis
9.6.PHARMACEUTICALS
9.6.1.Overview
9.6.2.Pharmaceuticals Market Forecast and Analysis
9.7.FOOD AND BEVERAGE
9.7.1.Overview
9.7.2.Food and Beverage Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis

10.FUNCTIONAL SAFETY MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Functional Safety Market Overview
10.1.2North America Functional Safety Market Forecasts and Analysis
10.1.3North America Functional Safety Market Forecasts and Analysis - By Offering
10.1.4North America Functional Safety Market Forecasts and Analysis - By System
10.1.5North America Functional Safety Market Forecasts and Analysis - By End-user Industry
10.1.6North America Functional Safety Market Forecasts and Analysis - By Countries
10.1.6.1United States Functional Safety Market
10.1.6.1.1United States Functional Safety Market by Offering
10.1.6.1.2United States Functional Safety Market by System
10.1.6.1.3United States Functional Safety Market by End-user Industry
10.1.6.2Canada Functional Safety Market
10.1.6.2.1Canada Functional Safety Market by Offering
10.1.6.2.2Canada Functional Safety Market by System
10.1.6.2.3Canada Functional Safety Market by End-user Industry
10.1.6.3Mexico Functional Safety Market
10.1.6.3.1Mexico Functional Safety Market by Offering
10.1.6.3.2Mexico Functional Safety Market by System
10.1.6.3.3Mexico Functional Safety Market by End-user Industry
10.2.EUROPE
10.2.1Europe Functional Safety Market Overview
10.2.2Europe Functional Safety Market Forecasts and Analysis
10.2.3Europe Functional Safety Market Forecasts and Analysis - By Offering
10.2.4Europe Functional Safety Market Forecasts and Analysis - By System
10.2.5Europe Functional Safety Market Forecasts and Analysis - By End-user Industry
10.2.6Europe Functional Safety Market Forecasts and Analysis - By Countries
10.2.6.1Germany Functional Safety Market
10.2.6.1.1Germany Functional Safety Market by Offering
10.2.6.1.2Germany Functional Safety Market by System
10.2.6.1.3Germany Functional Safety Market by End-user Industry
10.2.6.2France Functional Safety Market
10.2.6.2.1France Functional Safety Market by Offering
10.2.6.2.2France Functional Safety Market by System
10.2.6.2.3France Functional Safety Market by End-user Industry
10.2.6.3Italy Functional Safety Market
10.2.6.3.1Italy Functional Safety Market by Offering
10.2.6.3.2Italy Functional Safety Market by System
10.2.6.3.3Italy Functional Safety Market by End-user Industry
10.2.6.4United Kingdom Functional Safety Market
10.2.6.4.1United Kingdom Functional Safety Market by Offering
10.2.6.4.2United Kingdom Functional Safety Market by System
10.2.6.4.3United Kingdom Functional Safety Market by End-user Industry
10.2.6.5Russia Functional Safety Market
10.2.6.5.1Russia Functional Safety Market by Offering
10.2.6.5.2Russia Functional Safety Market by System
10.2.6.5.3Russia Functional Safety Market by End-user Industry
10.2.6.6Rest of Europe Functional Safety Market
10.2.6.6.1Rest of Europe Functional Safety Market by Offering
10.2.6.6.2Rest of Europe Functional Safety Market by System
10.2.6.6.3Rest of Europe Functional Safety Market by End-user Industry
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Functional Safety Market Overview
10.3.2Asia-Pacific Functional Safety Market Forecasts and Analysis
10.3.3Asia-Pacific Functional Safety Market Forecasts and Analysis - By Offering
10.3.4Asia-Pacific Functional Safety Market Forecasts and Analysis - By System
10.3.5Asia-Pacific Functional Safety Market Forecasts and Analysis - By End-user Industry
10.3.6Asia-Pacific Functional Safety Market Forecasts and Analysis - By Countries
10.3.6.1Australia Functional Safety Market
10.3.6.1.1Australia Functional Safety Market by Offering
10.3.6.1.2Australia Functional Safety Market by System
10.3.6.1.3Australia Functional Safety Market by End-user Industry
10.3.6.2China Functional Safety Market
10.3.6.2.1China Functional Safety Market by Offering
10.3.6.2.2China Functional Safety Market by System
10.3.6.2.3China Functional Safety Market by End-user Industry
10.3.6.3India Functional Safety Market
10.3.6.3.1India Functional Safety Market by Offering
10.3.6.3.2India Functional Safety Market by System
10.3.6.3.3India Functional Safety Market by End-user Industry
10.3.6.4Japan Functional Safety Market
10.3.6.4.1Japan Functional Safety Market by Offering
10.3.6.4.2Japan Functional Safety Market by System
10.3.6.4.3Japan Functional Safety Market by End-user Industry
10.3.6.5South Korea Functional Safety Market
10.3.6.5.1South Korea Functional Safety Market by Offering
10.3.6.5.2South Korea Functional Safety Market by System
10.3.6.5.3South Korea Functional Safety Market by End-user Industry
10.3.6.6Rest of Asia-Pacific Functional Safety Market
10.3.6.6.1Rest of Asia-Pacific Functional Safety Market by Offering
10.3.6.6.2Rest of Asia-Pacific Functional Safety Market by System
10.3.6.6.3Rest of Asia-Pacific Functional Safety Market by End-user Industry
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Functional Safety Market Overview
10.4.2Middle East and Africa Functional Safety Market Forecasts and Analysis
10.4.3Middle East and Africa Functional Safety Market Forecasts and Analysis - By Offering
10.4.4Middle East and Africa Functional Safety Market Forecasts and Analysis - By System
10.4.5Middle East and Africa Functional Safety Market Forecasts and Analysis - By End-user Industry
10.4.6Middle East and Africa Functional Safety Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Functional Safety Market
10.4.6.1.1South Africa Functional Safety Market by Offering
10.4.6.1.2South Africa Functional Safety Market by System
10.4.6.1.3South Africa Functional Safety Market by End-user Industry
10.4.6.2Saudi Arabia Functional Safety Market
10.4.6.2.1Saudi Arabia Functional Safety Market by Offering
10.4.6.2.2Saudi Arabia Functional Safety Market by System
10.4.6.2.3Saudi Arabia Functional Safety Market by End-user Industry
10.4.6.3U.A.E Functional Safety Market
10.4.6.3.1U.A.E Functional Safety Market by Offering
10.4.6.3.2U.A.E Functional Safety Market by System
10.4.6.3.3U.A.E Functional Safety Market by End-user Industry
10.4.6.4Rest of Middle East and Africa Functional Safety Market
10.4.6.4.1Rest of Middle East and Africa Functional Safety Market by Offering
10.4.6.4.2Rest of Middle East and Africa Functional Safety Market by System
10.4.6.4.3Rest of Middle East and Africa Functional Safety Market by End-user Industry
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Functional Safety Market Overview
10.5.2South and Central America Functional Safety Market Forecasts and Analysis
10.5.3South and Central America Functional Safety Market Forecasts and Analysis - By Offering
10.5.4South and Central America Functional Safety Market Forecasts and Analysis - By System
10.5.5South and Central America Functional Safety Market Forecasts and Analysis - By End-user Industry
10.5.6South and Central America Functional Safety Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Functional Safety Market
10.5.6.1.1Brazil Functional Safety Market by Offering
10.5.6.1.2Brazil Functional Safety Market by System
10.5.6.1.3Brazil Functional Safety Market by End-user Industry
10.5.6.2Argentina Functional Safety Market
10.5.6.2.1Argentina Functional Safety Market by Offering
10.5.6.2.2Argentina Functional Safety Market by System
10.5.6.2.3Argentina Functional Safety Market by End-user Industry
10.5.6.3Rest of South and Central America Functional Safety Market
10.5.6.3.1Rest of South and Central America Functional Safety Market by Offering
10.5.6.3.2Rest of South and Central America Functional Safety Market by System
10.5.6.3.3Rest of South and Central America Functional Safety Market by End-user Industry

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.FUNCTIONAL SAFETY MARKET, KEY COMPANY PROFILES
12.1.ABB
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.EMERSON ELECTRIC
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.GENERAL ELECTRIC
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.HIMA PAUL HILDEBRANDT GMBH
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.HONEYWELL
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.OMRON
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.ROCKWELL
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.SCHNEIDER ELECTRIC
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.SIEMENS
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.YOGOKAWA ELECTRIC CORPORATION
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. ABB
2. Emerson Electric
3. General Electric
4. HIMA Paul Hildebrandt GmbH
5. Honeywell
6. Omron
7. Rockwell
8. Schneider Electric
9. Siemens
10. Yogokawa Electric Corporation
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