Functional Safety Market 2027 by Offering, System, End-user Industry and Geography | The Insight Partners

Functional Safety Market Forecast to 2027 - 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
Covid
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 2027” 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 2017 to 2027 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
1.3.1   Functional Safety Market - By Offering
1.3.2   Functional Safety Market - By System
1.3.3   Functional Safety Market - By End-user Industry
1.3.4   Functional Safety Market - By Region
1.3.4.1   By Country

2.   KEY TAKEWAYS

3.   RESEARCH METHODOLOGY

4.   FUNCTIONAL SAFETY MARKET LANDSCAPE
4.1.   OVERVIEW
4.2.   PEST ANALYSIS
4.2.1   North America - Pest Analysis
4.2.2   Europe - Pest Analysis
4.2.3   Asia-Pacific - Pest Analysis
4.2.4   Middle East and Africa - Pest Analysis
4.2.5   South 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 2027
6.3.   MARKET POSITIONING/MARKET SHARE

7.   FUNCTIONAL SAFETY MARKET - REVENUE AND FORECASTS TO 2027 – 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 2027 – 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 2027 – 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 2027 – GEOGRAPHICAL ANALYSIS
10.1.   NORTH AMERICA
10.1.1   North America Functional Safety Market Overview
10.1.2   North America Functional Safety Market Forecasts and Analysis
10.1.3   North America Functional Safety Market Forecasts and Analysis - By Offering
10.1.4   North America Functional Safety Market Forecasts and Analysis - By System
10.1.5   North America Functional Safety Market Forecasts and Analysis - By End-user Industry
10.1.6   North America Functional Safety Market Forecasts and Analysis - By Countries
10.1.6.1   United States Functional Safety Market
10.1.6.1.1   United States Functional Safety Market by Offering
10.1.6.1.2   United States Functional Safety Market by System
10.1.6.1.3   United States Functional Safety Market by End-user Industry
10.1.6.2   Canada Functional Safety Market
10.1.6.2.1   Canada Functional Safety Market by Offering
10.1.6.2.2   Canada Functional Safety Market by System
10.1.6.2.3   Canada Functional Safety Market by End-user Industry
10.1.6.3   Mexico Functional Safety Market
10.1.6.3.1   Mexico Functional Safety Market by Offering
10.1.6.3.2   Mexico Functional Safety Market by System
10.1.6.3.3   Mexico Functional Safety Market by End-user Industry
10.2.   EUROPE
10.2.1   Europe Functional Safety Market Overview
10.2.2   Europe Functional Safety Market Forecasts and Analysis
10.2.3   Europe Functional Safety Market Forecasts and Analysis - By Offering
10.2.4   Europe Functional Safety Market Forecasts and Analysis - By System
10.2.5   Europe Functional Safety Market Forecasts and Analysis - By End-user Industry
10.2.6   Europe Functional Safety Market Forecasts and Analysis - By Countries
10.2.6.1   Germany Functional Safety Market
10.2.6.1.1   Germany Functional Safety Market by Offering
10.2.6.1.2   Germany Functional Safety Market by System
10.2.6.1.3   Germany Functional Safety Market by End-user Industry
10.2.6.2   France Functional Safety Market
10.2.6.2.1   France Functional Safety Market by Offering
10.2.6.2.2   France Functional Safety Market by System
10.2.6.2.3   France Functional Safety Market by End-user Industry
10.2.6.3   Italy Functional Safety Market
10.2.6.3.1   Italy Functional Safety Market by Offering
10.2.6.3.2   Italy Functional Safety Market by System
10.2.6.3.3   Italy Functional Safety Market by End-user Industry
10.2.6.4   United Kingdom Functional Safety Market
10.2.6.4.1   United Kingdom Functional Safety Market by Offering
10.2.6.4.2   United Kingdom Functional Safety Market by System
10.2.6.4.3   United Kingdom Functional Safety Market by End-user Industry
10.2.6.5   Russia Functional Safety Market
10.2.6.5.1   Russia Functional Safety Market by Offering
10.2.6.5.2   Russia Functional Safety Market by System
10.2.6.5.3   Russia Functional Safety Market by End-user Industry
10.2.6.6   Rest of Europe Functional Safety Market
10.2.6.6.1   Rest of Europe Functional Safety Market by Offering
10.2.6.6.2   Rest of Europe Functional Safety Market by System
10.2.6.6.3   Rest of Europe Functional Safety Market by End-user Industry
10.3.   ASIA-PACIFIC
10.3.1   Asia-Pacific Functional Safety Market Overview
10.3.2   Asia-Pacific Functional Safety Market Forecasts and Analysis
10.3.3   Asia-Pacific Functional Safety Market Forecasts and Analysis - By Offering
10.3.4   Asia-Pacific Functional Safety Market Forecasts and Analysis - By System
10.3.5   Asia-Pacific Functional Safety Market Forecasts and Analysis - By End-user Industry
10.3.6   Asia-Pacific Functional Safety Market Forecasts and Analysis - By Countries
10.3.6.1   Australia Functional Safety Market
10.3.6.1.1   Australia Functional Safety Market by Offering
10.3.6.1.2   Australia Functional Safety Market by System
10.3.6.1.3   Australia Functional Safety Market by End-user Industry
10.3.6.2   China Functional Safety Market
10.3.6.2.1   China Functional Safety Market by Offering
10.3.6.2.2   China Functional Safety Market by System
10.3.6.2.3   China Functional Safety Market by End-user Industry
10.3.6.3   India Functional Safety Market
10.3.6.3.1   India Functional Safety Market by Offering
10.3.6.3.2   India Functional Safety Market by System
10.3.6.3.3   India Functional Safety Market by End-user Industry
10.3.6.4   Japan Functional Safety Market
10.3.6.4.1   Japan Functional Safety Market by Offering
10.3.6.4.2   Japan Functional Safety Market by System
10.3.6.4.3   Japan Functional Safety Market by End-user Industry
10.3.6.5   South Korea Functional Safety Market
10.3.6.5.1   South Korea Functional Safety Market by Offering
10.3.6.5.2   South Korea Functional Safety Market by System
10.3.6.5.3   South Korea Functional Safety Market by End-user Industry
10.3.6.6   Rest of Asia-Pacific Functional Safety Market
10.3.6.6.1   Rest of Asia-Pacific Functional Safety Market by Offering
10.3.6.6.2   Rest of Asia-Pacific Functional Safety Market by System
10.3.6.6.3   Rest of Asia-Pacific Functional Safety Market by End-user Industry
10.4.   MIDDLE EAST AND AFRICA
10.4.1   Middle East and Africa Functional Safety Market Overview
10.4.2   Middle East and Africa Functional Safety Market Forecasts and Analysis
10.4.3   Middle East and Africa Functional Safety Market Forecasts and Analysis - By Offering
10.4.4   Middle East and Africa Functional Safety Market Forecasts and Analysis - By System
10.4.5   Middle East and Africa Functional Safety Market Forecasts and Analysis - By End-user Industry
10.4.6   Middle East and Africa Functional Safety Market Forecasts and Analysis - By Countries
10.4.6.1   South Africa Functional Safety Market
10.4.6.1.1   South Africa Functional Safety Market by Offering
10.4.6.1.2   South Africa Functional Safety Market by System
10.4.6.1.3   South Africa Functional Safety Market by End-user Industry
10.4.6.2   Saudi Arabia Functional Safety Market
10.4.6.2.1   Saudi Arabia Functional Safety Market by Offering
10.4.6.2.2   Saudi Arabia Functional Safety Market by System
10.4.6.2.3   Saudi Arabia Functional Safety Market by End-user Industry
10.4.6.3   U.A.E Functional Safety Market
10.4.6.3.1   U.A.E Functional Safety Market by Offering
10.4.6.3.2   U.A.E Functional Safety Market by System
10.4.6.3.3   U.A.E Functional Safety Market by End-user Industry
10.4.6.4   Rest of Middle East and Africa Functional Safety Market
10.4.6.4.1   Rest of Middle East and Africa Functional Safety Market by Offering
10.4.6.4.2   Rest of Middle East and Africa Functional Safety Market by System
10.4.6.4.3   Rest of Middle East and Africa Functional Safety Market by End-user Industry
10.5.   SOUTH AND CENTRAL AMERICA
10.5.1   South and Central America Functional Safety Market Overview
10.5.2   South and Central America Functional Safety Market Forecasts and Analysis
10.5.3   South and Central America Functional Safety Market Forecasts and Analysis - By Offering
10.5.4   South and Central America Functional Safety Market Forecasts and Analysis - By System
10.5.5   South and Central America Functional Safety Market Forecasts and Analysis - By End-user Industry
10.5.6   South and Central America Functional Safety Market Forecasts and Analysis - By Countries
10.5.6.1   Brazil Functional Safety Market
10.5.6.1.1   Brazil Functional Safety Market by Offering
10.5.6.1.2   Brazil Functional Safety Market by System
10.5.6.1.3   Brazil Functional Safety Market by End-user Industry
10.5.6.2   Argentina Functional Safety Market
10.5.6.2.1   Argentina Functional Safety Market by Offering
10.5.6.2.2   Argentina Functional Safety Market by System
10.5.6.2.3   Argentina Functional Safety Market by End-user Industry
10.5.6.3   Rest of South and Central America Functional Safety Market
10.5.6.3.1   Rest of South and Central America Functional Safety Market by Offering
10.5.6.3.2   Rest of South and Central America Functional Safety Market by System
10.5.6.3.3   Rest 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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