Functional Safety Devices Industry Research Report 2024

Functional Safety Devices Industry Research Report 2024


Functional safety device is part of the overall safety of a system or piece of equipment and generally focuses on electronics and related software. It looks at aspects of safety that relate to the function of a device and ensures that it works correctly in response to commands it receives. In a systemic approach Functional safety identifies potentially dangerous conditions, situations or events that could result in an accident that could harm somebody or destroy something. It enables corrective or preventive actions to avoid or reduce the impact of an accident.

According to APO Research, The global Functional Safety Devices market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Functional Safety Devices key players include Siemens, ABB, Schneider, Honeywell, etc. Global top four manufacturers hold a share about 55%.

Europe is the largest market, with a share about 40%, followed by China, and North America, both have a share over 40 percent.

In terms of product, Safety Sensors is the largest segment, with a share over 25%. And in terms of application, the largest application is Oil and Gas, followed by Power Generation, Automotive, Rail Transit, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Functional Safety Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Functional Safety Devices.

The report will help the Functional Safety Devices manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Functional Safety Devices market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Functional Safety Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Siemens
ABB
Schneider
Honeywell
Rockwell Automation
Mitsubishi Electric
Emerson
Yokogawa Electric
GE
Omron
TE Connectivity
SICK
PILZ
HIMA Paul Hildebrandt
Endress+Hauser
Eaton

Functional Safety Devices segment by Type
Safety Sensors
Safety PLCs
Safety Relays
Safety Valves
Safety Actuators
Safety Switchs
Others

Functional Safety Devices segment by Application
Automotive
Rail Transit
Chemical
Oil and Gas
Medical
Power Generation
Elevator and Escalator
Others

Functional Safety Devices Segment by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Functional Safety Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Functional Safety Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Functional Safety Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Functional Safety Devices manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Functional Safety Devices by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Functional Safety Devices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Functional Safety Devices by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
2.2.2 Safety Sensors
2.2.3 Safety PLCs
2.2.4 Safety Relays
2.2.5 Safety Valves
2.2.6 Safety Actuators
2.2.7 Safety Switchs
2.2.8 Others
2.3 Functional Safety Devices by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Automotive
2.3.3 Rail Transit
2.3.4 Chemical
2.3.5 Oil and Gas
2.3.6 Medical
2.3.7 Power Generation
2.3.8 Elevator and Escalator
2.3.9 Others
2.4 Global Market Growth Prospects
2.4.1 Global Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Functional Safety Devices Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Functional Safety Devices Production Estimates and Forecasts (2019-2030)
2.4.4 Global Functional Safety Devices Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Functional Safety Devices Production by Manufacturers (2019-2024)
3.2 Global Functional Safety Devices Production Value by Manufacturers (2019-2024)
3.3 Global Functional Safety Devices Average Price by Manufacturers (2019-2024)
3.4 Global Functional Safety Devices Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Functional Safety Devices Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Functional Safety Devices Manufacturers, Product Type & Application
3.7 Global Functional Safety Devices Manufacturers, Date of Enter into This Industry
3.8 Global Functional Safety Devices Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Siemens
4.1.1 Siemens Functional Safety Devices Company Information
4.1.2 Siemens Functional Safety Devices Business Overview
4.1.3 Siemens Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.1.4 Siemens Product Portfolio
4.1.5 Siemens Recent Developments
4.2 ABB
4.2.1 ABB Functional Safety Devices Company Information
4.2.2 ABB Functional Safety Devices Business Overview
4.2.3 ABB Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.2.4 ABB Product Portfolio
4.2.5 ABB Recent Developments
4.3 Schneider
4.3.1 Schneider Functional Safety Devices Company Information
4.3.2 Schneider Functional Safety Devices Business Overview
4.3.3 Schneider Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.3.4 Schneider Product Portfolio
4.3.5 Schneider Recent Developments
4.4 Honeywell
4.4.1 Honeywell Functional Safety Devices Company Information
4.4.2 Honeywell Functional Safety Devices Business Overview
4.4.3 Honeywell Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.4.4 Honeywell Product Portfolio
4.4.5 Honeywell Recent Developments
4.5 Rockwell Automation
4.5.1 Rockwell Automation Functional Safety Devices Company Information
4.5.2 Rockwell Automation Functional Safety Devices Business Overview
4.5.3 Rockwell Automation Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.5.4 Rockwell Automation Product Portfolio
4.5.5 Rockwell Automation Recent Developments
4.6 Mitsubishi Electric
4.6.1 Mitsubishi Electric Functional Safety Devices Company Information
4.6.2 Mitsubishi Electric Functional Safety Devices Business Overview
4.6.3 Mitsubishi Electric Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.6.4 Mitsubishi Electric Product Portfolio
4.6.5 Mitsubishi Electric Recent Developments
4.7 Emerson
4.7.1 Emerson Functional Safety Devices Company Information
4.7.2 Emerson Functional Safety Devices Business Overview
4.7.3 Emerson Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.7.4 Emerson Product Portfolio
4.7.5 Emerson Recent Developments
4.8 Yokogawa Electric
4.8.1 Yokogawa Electric Functional Safety Devices Company Information
4.8.2 Yokogawa Electric Functional Safety Devices Business Overview
4.8.3 Yokogawa Electric Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.8.4 Yokogawa Electric Product Portfolio
4.8.5 Yokogawa Electric Recent Developments
4.9 GE
4.9.1 GE Functional Safety Devices Company Information
4.9.2 GE Functional Safety Devices Business Overview
4.9.3 GE Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.9.4 GE Product Portfolio
4.9.5 GE Recent Developments
4.10 Omron
4.10.1 Omron Functional Safety Devices Company Information
4.10.2 Omron Functional Safety Devices Business Overview
4.10.3 Omron Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.10.4 Omron Product Portfolio
4.10.5 Omron Recent Developments
4.11 TE Connectivity
4.11.1 TE Connectivity Functional Safety Devices Company Information
4.11.2 TE Connectivity Functional Safety Devices Business Overview
4.11.3 TE Connectivity Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.11.4 TE Connectivity Product Portfolio
4.11.5 TE Connectivity Recent Developments
4.12 SICK
4.12.1 SICK Functional Safety Devices Company Information
4.12.2 SICK Functional Safety Devices Business Overview
4.12.3 SICK Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.12.4 SICK Product Portfolio
4.12.5 SICK Recent Developments
4.13 PILZ
4.13.1 PILZ Functional Safety Devices Company Information
4.13.2 PILZ Functional Safety Devices Business Overview
4.13.3 PILZ Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.13.4 PILZ Product Portfolio
4.13.5 PILZ Recent Developments
4.14 HIMA Paul Hildebrandt
4.14.1 HIMA Paul Hildebrandt Functional Safety Devices Company Information
4.14.2 HIMA Paul Hildebrandt Functional Safety Devices Business Overview
4.14.3 HIMA Paul Hildebrandt Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.14.4 HIMA Paul Hildebrandt Product Portfolio
4.14.5 HIMA Paul Hildebrandt Recent Developments
4.15 Endress+Hauser
4.15.1 Endress+Hauser Functional Safety Devices Company Information
4.15.2 Endress+Hauser Functional Safety Devices Business Overview
4.15.3 Endress+Hauser Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.15.4 Endress+Hauser Product Portfolio
4.15.5 Endress+Hauser Recent Developments
4.16 Eaton
4.16.1 Eaton Functional Safety Devices Company Information
4.16.2 Eaton Functional Safety Devices Business Overview
4.16.3 Eaton Functional Safety Devices Production, Value and Gross Margin (2019-2024)
4.16.4 Eaton Product Portfolio
4.16.5 Eaton Recent Developments
5 Global Functional Safety Devices Production by Region
5.1 Global Functional Safety Devices Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Functional Safety Devices Production by Region: 2019-2030
5.2.1 Global Functional Safety Devices Production by Region: 2019-2024
5.2.2 Global Functional Safety Devices Production Forecast by Region (2025-2030)
5.3 Global Functional Safety Devices Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Functional Safety Devices Production Value by Region: 2019-2030
5.4.1 Global Functional Safety Devices Production Value by Region: 2019-2024
5.4.2 Global Functional Safety Devices Production Value Forecast by Region (2025-2030)
5.5 Global Functional Safety Devices Market Price Analysis by Region (2019-2024)
5.6 Global Functional Safety Devices Production and Value, YOY Growth
5.6.1 North America Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
5.6.5 Southeast Asia Functional Safety Devices Production Value Estimates and Forecasts (2019-2030)
6 Global Functional Safety Devices Consumption by Region
6.1 Global Functional Safety Devices Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Functional Safety Devices Consumption by Region (2019-2030)
6.2.1 Global Functional Safety Devices Consumption by Region: 2019-2030
6.2.2 Global Functional Safety Devices Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Functional Safety Devices Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Functional Safety Devices Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Functional Safety Devices Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Functional Safety Devices Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Functional Safety Devices Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Functional Safety Devices Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Functional Safety Devices Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Functional Safety Devices Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Functional Safety Devices Production by Type (2019-2030)
7.1.1 Global Functional Safety Devices Production by Type (2019-2030) & (K Units)
7.1.2 Global Functional Safety Devices Production Market Share by Type (2019-2030)
7.2 Global Functional Safety Devices Production Value by Type (2019-2030)
7.2.1 Global Functional Safety Devices Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Functional Safety Devices Production Value Market Share by Type (2019-2030)
7.3 Global Functional Safety Devices Price by Type (2019-2030)
8 Segment by Application
8.1 Global Functional Safety Devices Production by Application (2019-2030)
8.1.1 Global Functional Safety Devices Production by Application (2019-2030) & (K Units)
8.1.2 Global Functional Safety Devices Production by Application (2019-2030) & (K Units)
8.2 Global Functional Safety Devices Production Value by Application (2019-2030)
8.2.1 Global Functional Safety Devices Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Functional Safety Devices Production Value Market Share by Application (2019-2030)
8.3 Global Functional Safety Devices Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Functional Safety Devices Value Chain Analysis
9.1.1 Functional Safety Devices Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Functional Safety Devices Production Mode & Process
9.2 Functional Safety Devices Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Functional Safety Devices Distributors
9.2.3 Functional Safety Devices Customers
10 Global Functional Safety Devices Analyzing Market Dynamics
10.1 Functional Safety Devices Industry Trends
10.2 Functional Safety Devices Industry Drivers
10.3 Functional Safety Devices Industry Opportunities and Challenges
10.4 Functional Safety Devices Industry Restraints
11 Report Conclusion
12 Disclaimer

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