Global Functional Safety Devices Market Analysis and Forecast 2024-2030

Global Functional Safety Devices Market Analysis and Forecast 2024-2030


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 is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

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.

In terms of production side, this report researches the Functional Safety Devices production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Functional Safety Devices by region (region level and country level), by Company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Functional Safety Devices, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Functional Safety Devices, also provides the consumption of main regions and countries. Of the upcoming market potential for Functional Safety Devices, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Functional Safety Devices sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Functional Safety Devices market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Functional Safety Devices sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Siemens, ABB, Schneider, Honeywell, Rockwell Automation, Mitsubishi Electric, Emerson, Yokogawa Electric and GE, etc.

Functional Safety Devices segment by Company

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

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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: Introduces the report scope of the report, executive summary of different market segments (by type and by 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 2: 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 3: Functional Safety Devices production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Functional Safety Devices in global, 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 of each country in the world.
Chapter 5: Detailed analysis of Functional Safety Devices manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Functional Safety Devices sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America (US & Canada) by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: Middle East, Africa, Latin America by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
Chapter 15: The main concluding insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Functional Safety Devices Market by Type
1.2.1 Global Functional Safety Devices Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Safety Sensors
1.2.3 Safety PLCs
1.2.4 Safety Relays
1.2.5 Safety Valves
1.2.6 Safety Actuators
1.2.7 Safety Switchs
1.2.8 Others
1.3 Functional Safety Devices Market by Application
1.3.1 Global Functional Safety Devices Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Automotive
1.3.3 Rail Transit
1.3.4 Chemical
1.3.5 Oil and Gas
1.3.6 Medical
1.3.7 Power Generation
1.3.8 Elevator and Escalator
1.3.9 Others
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Functional Safety Devices Market Dynamics
2.1 Functional Safety Devices Industry Trends
2.2 Functional Safety Devices Industry Drivers
2.3 Functional Safety Devices Industry Opportunities and Challenges
2.4 Functional Safety Devices Industry Restraints
3 Global Functional Safety Devices Production Overview
3.1 Global Functional Safety Devices Production Capacity (2019-2030)
3.2 Global Functional Safety Devices Production by Region: 2019 VS 2023 VS 2030
3.3 Global Functional Safety Devices Production by Region
3.3.1 Global Functional Safety Devices Production by Region (2019-2024)
3.3.2 Global Functional Safety Devices Production by Region (2025-2030)
3.3.3 Global Functional Safety Devices Production Market Share by Region (2019-2030)
3.4 North America
3.5 Europe
3.6 China
3.7 Japan
3.8 Southeast Asia
4 Global Market Growth Prospects
4.1 Global Functional Safety Devices Revenue Estimates and Forecasts (2019-2030)
4.2 Global Functional Safety Devices Revenue by Region
4.2.1 Global Functional Safety Devices Revenue by Region: 2019 VS 2023 VS 2030
4.2.2 Global Functional Safety Devices Revenue by Region (2019-2024)
4.2.3 Global Functional Safety Devices Revenue by Region (2025-2030)
4.2.4 Global Functional Safety Devices Revenue Market Share by Region (2019-2030)
4.3 Global Functional Safety Devices Sales Estimates and Forecasts 2019-2030
4.4 Global Functional Safety Devices Sales by Region
4.4.1 Global Functional Safety Devices Sales by Region: 2019 VS 2023 VS 2030
4.4.2 Global Functional Safety Devices Sales by Region (2019-2024)
4.4.3 Global Functional Safety Devices Sales by Region (2025-2030)
4.4.4 Global Functional Safety Devices Sales Market Share by Region (2019-2030)
4.5 US & Canada
4.6 Europe
4.7 China
4.8 Asia (Excluding China)
4.9 Middle East, Africa and Latin America
5 Market Competitive Landscape by Manufacturers
5.1 Global Functional Safety Devices Revenue by Manufacturers
5.1.1 Global Functional Safety Devices Revenue by Manufacturers (2019-2024)
5.1.2 Global Functional Safety Devices Revenue Market Share by Manufacturers (2019-2024)
5.1.3 Global Functional Safety Devices Manufacturers Revenue Share Top 10 and Top 5 in 2023
5.2 Global Functional Safety Devices Sales by Manufacturers
5.2.1 Global Functional Safety Devices Sales by Manufacturers (2019-2024)
5.2.2 Global Functional Safety Devices Sales Market Share by Manufacturers (2019-2024)
5.2.3 Global Functional Safety Devices Manufacturers Sales Share Top 10 and Top 5 in 2023
5.3 Global Functional Safety Devices Sales Price by Manufacturers (2019-2024)
5.4 Global Functional Safety Devices Key Manufacturers Ranking, 2022 VS 2023 VS 2024
5.5 Global Functional Safety Devices Key Manufacturers Manufacturing Sites & Headquarters
5.6 Global Functional Safety Devices Manufacturers, Product Type & Application
5.7 Global Functional Safety Devices Manufacturers Commercialization Time
5.8 Market Competitive Analysis
5.8.1 Global Functional Safety Devices Market CR5 and HHI
5.8.2 2023 Functional Safety Devices Tier 1, Tier 2, and Tier 3
6 Functional Safety Devices Market by Type
6.1 Global Functional Safety Devices Revenue by Type
6.1.1 Global Functional Safety Devices Revenue by Type (2019 VS 2023 VS 2030)
6.1.2 Global Functional Safety Devices Revenue by Type (2019-2030) & (US$ Million)
6.1.3 Global Functional Safety Devices Revenue Market Share by Type (2019-2030)
6.2 Global Functional Safety Devices Sales by Type
6.2.1 Global Functional Safety Devices Sales by Type (2019 VS 2023 VS 2030)
6.2.2 Global Functional Safety Devices Sales by Type (2019-2030) & (K Units)
6.2.3 Global Functional Safety Devices Sales Market Share by Type (2019-2030)
6.3 Global Functional Safety Devices Price by Type
7 Functional Safety Devices Market by Application
7.1 Global Functional Safety Devices Revenue by Application
7.1.1 Global Functional Safety Devices Revenue by Application (2019 VS 2023 VS 2030)
7.1.2 Global Functional Safety Devices Revenue by Application (2019-2030) & (US$ Million)
7.1.3 Global Functional Safety Devices Revenue Market Share by Application (2019-2030)
7.2 Global Functional Safety Devices Sales by Application
7.2.1 Global Functional Safety Devices Sales by Application (2019 VS 2023 VS 2030)
7.2.2 Global Functional Safety Devices Sales by Application (2019-2030) & (K Units)
7.2.3 Global Functional Safety Devices Sales Market Share by Application (2019-2030)
7.3 Global Functional Safety Devices Price by Application
8 Company Profiles
8.1 Siemens
8.1.1 Siemens Comapny Information
8.1.2 Siemens Business Overview
8.1.3 Siemens Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Siemens Functional Safety Devices Product Portfolio
8.1.5 Siemens Recent Developments
8.2 ABB
8.2.1 ABB Comapny Information
8.2.2 ABB Business Overview
8.2.3 ABB Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.2.4 ABB Functional Safety Devices Product Portfolio
8.2.5 ABB Recent Developments
8.3 Schneider
8.3.1 Schneider Comapny Information
8.3.2 Schneider Business Overview
8.3.3 Schneider Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Schneider Functional Safety Devices Product Portfolio
8.3.5 Schneider Recent Developments
8.4 Honeywell
8.4.1 Honeywell Comapny Information
8.4.2 Honeywell Business Overview
8.4.3 Honeywell Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Honeywell Functional Safety Devices Product Portfolio
8.4.5 Honeywell Recent Developments
8.5 Rockwell Automation
8.5.1 Rockwell Automation Comapny Information
8.5.2 Rockwell Automation Business Overview
8.5.3 Rockwell Automation Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Rockwell Automation Functional Safety Devices Product Portfolio
8.5.5 Rockwell Automation Recent Developments
8.6 Mitsubishi Electric
8.6.1 Mitsubishi Electric Comapny Information
8.6.2 Mitsubishi Electric Business Overview
8.6.3 Mitsubishi Electric Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Mitsubishi Electric Functional Safety Devices Product Portfolio
8.6.5 Mitsubishi Electric Recent Developments
8.7 Emerson
8.7.1 Emerson Comapny Information
8.7.2 Emerson Business Overview
8.7.3 Emerson Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.7.4 Emerson Functional Safety Devices Product Portfolio
8.7.5 Emerson Recent Developments
8.8 Yokogawa Electric
8.8.1 Yokogawa Electric Comapny Information
8.8.2 Yokogawa Electric Business Overview
8.8.3 Yokogawa Electric Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Yokogawa Electric Functional Safety Devices Product Portfolio
8.8.5 Yokogawa Electric Recent Developments
8.9 GE
8.9.1 GE Comapny Information
8.9.2 GE Business Overview
8.9.3 GE Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.9.4 GE Functional Safety Devices Product Portfolio
8.9.5 GE Recent Developments
8.10 Omron
8.10.1 Omron Comapny Information
8.10.2 Omron Business Overview
8.10.3 Omron Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Omron Functional Safety Devices Product Portfolio
8.10.5 Omron Recent Developments
8.11 TE Connectivity
8.11.1 TE Connectivity Comapny Information
8.11.2 TE Connectivity Business Overview
8.11.3 TE Connectivity Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.11.4 TE Connectivity Functional Safety Devices Product Portfolio
8.11.5 TE Connectivity Recent Developments
8.12 SICK
8.12.1 SICK Comapny Information
8.12.2 SICK Business Overview
8.12.3 SICK Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.12.4 SICK Functional Safety Devices Product Portfolio
8.12.5 SICK Recent Developments
8.13 PILZ
8.13.1 PILZ Comapny Information
8.13.2 PILZ Business Overview
8.13.3 PILZ Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.13.4 PILZ Functional Safety Devices Product Portfolio
8.13.5 PILZ Recent Developments
8.14 HIMA Paul Hildebrandt
8.14.1 HIMA Paul Hildebrandt Comapny Information
8.14.2 HIMA Paul Hildebrandt Business Overview
8.14.3 HIMA Paul Hildebrandt Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.14.4 HIMA Paul Hildebrandt Functional Safety Devices Product Portfolio
8.14.5 HIMA Paul Hildebrandt Recent Developments
8.15 Endress+Hauser
8.15.1 Endress+Hauser Comapny Information
8.15.2 Endress+Hauser Business Overview
8.15.3 Endress+Hauser Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.15.4 Endress+Hauser Functional Safety Devices Product Portfolio
8.15.5 Endress+Hauser Recent Developments
8.16 Eaton
8.16.1 Eaton Comapny Information
8.16.2 Eaton Business Overview
8.16.3 Eaton Functional Safety Devices Sales, Revenue, Price and Gross Margin (2019-2024)
8.16.4 Eaton Functional Safety Devices Product Portfolio
8.16.5 Eaton Recent Developments
9 North America
9.1 North America Functional Safety Devices Market Size by Type
9.1.1 North America Functional Safety Devices Revenue by Type (2019-2030)
9.1.2 North America Functional Safety Devices Sales by Type (2019-2030)
9.1.3 North America Functional Safety Devices Price by Type (2019-2030)
9.2 North America Functional Safety Devices Market Size by Application
9.2.1 North America Functional Safety Devices Revenue by Application (2019-2030)
9.2.2 North America Functional Safety Devices Sales by Application (2019-2030)
9.2.3 North America Functional Safety Devices Price by Application (2019-2030)
9.3 North America Functional Safety Devices Market Size by Country
9.3.1 North America Functional Safety Devices Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
9.3.2 North America Functional Safety Devices Sales by Country (2019 VS 2023 VS 2030)
9.3.3 North America Functional Safety Devices Price by Country (2019-2030)
9.3.4 U.S.
9.3.5 Canada
10 Europe
10.1 Europe Functional Safety Devices Market Size by Type
10.1.1 Europe Functional Safety Devices Revenue by Type (2019-2030)
10.1.2 Europe Functional Safety Devices Sales by Type (2019-2030)
10.1.3 Europe Functional Safety Devices Price by Type (2019-2030)
10.2 Europe Functional Safety Devices Market Size by Application
10.2.1 Europe Functional Safety Devices Revenue by Application (2019-2030)
10.2.2 Europe Functional Safety Devices Sales by Application (2019-2030)
10.2.3 Europe Functional Safety Devices Price by Application (2019-2030)
10.3 Europe Functional Safety Devices Market Size by Country
10.3.1 Europe Functional Safety Devices Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
10.3.2 Europe Functional Safety Devices Sales by Country (2019 VS 2023 VS 2030)
10.3.3 Europe Functional Safety Devices Price by Country (2019-2030)
10.3.4 Germany
10.3.5 France
10.3.6 U.K.
10.3.7 Italy
10.3.8 Russia
11 China
11.1 China Functional Safety Devices Market Size by Type
11.1.1 China Functional Safety Devices Revenue by Type (2019-2030)
11.1.2 China Functional Safety Devices Sales by Type (2019-2030)
11.1.3 China Functional Safety Devices Price by Type (2019-2030)
11.2 China Functional Safety Devices Market Size by Application
11.2.1 China Functional Safety Devices Revenue by Application (2019-2030)
11.2.2 China Functional Safety Devices Sales by Application (2019-2030)
11.2.3 China Functional Safety Devices Price by Application (2019-2030)
12 Asia (Excluding China)
12.1 Asia Functional Safety Devices Market Size by Type
12.1.1 Asia Functional Safety Devices Revenue by Type (2019-2030)
12.1.2 Asia Functional Safety Devices Sales by Type (2019-2030)
12.1.3 Asia Functional Safety Devices Price by Type (2019-2030)
12.2 Asia Functional Safety Devices Market Size by Application
12.2.1 Asia Functional Safety Devices Revenue by Application (2019-2030)
12.2.2 Asia Functional Safety Devices Sales by Application (2019-2030)
12.2.3 Asia Functional Safety Devices Price by Application (2019-2030)
12.3 Asia Functional Safety Devices Market Size by Country
12.3.1 Asia Functional Safety Devices Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
12.3.2 Asia Functional Safety Devices Sales by Country (2019 VS 2023 VS 2030)
12.3.3 Asia Functional Safety Devices Price by Country (2019-2030)
12.3.4 Japan
12.3.5 South Korea
12.3.6 India
12.3.7 Australia
12.3.8 China Taiwan
12.3.9 Southeast Asia
13 Middle East, Africa and Latin America
13.1 Middle East, Africa and Latin America Functional Safety Devices Market Size by Type
13.1.1 Middle East, Africa and Latin America Functional Safety Devices Revenue by Type (2019-2030)
13.1.2 Middle East, Africa and Latin America Functional Safety Devices Sales by Type (2019-2030)
13.1.3 Middle East, Africa and Latin America Functional Safety Devices Price by Type (2019-2030)
13.2 Middle East, Africa and Latin America Functional Safety Devices Market Size by Application
13.2.1 Middle East, Africa and Latin America Functional Safety Devices Revenue by Application (2019-2030)
13.2.2 Middle East, Africa and Latin America Functional Safety Devices Sales by Application (2019-2030)
13.2.3 Middle East, Africa and Latin America Functional Safety Devices Price by Application (2019-2030)
13.3 Middle East, Africa and Latin America Functional Safety Devices Market Size by Country
13.3.1 Middle East, Africa and Latin America Functional Safety Devices Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
13.3.2 Middle East, Africa and Latin America Functional Safety Devices Sales by Country (2019 VS 2023 VS 2030)
13.3.3 Middle East, Africa and Latin America Functional Safety Devices Price by Country (2019-2030)
13.3.4 Mexico
13.3.5 Brazil
13.3.6 Israel
13.3.7 Argentina
13.3.8 Colombia
13.3.9 Turkey
13.3.10 Saudi Arabia
13.3.11 UAE
14 Value Chain and Sales Channels Analysis
14.1 Functional Safety Devices Value Chain Analysis
14.1.1 Functional Safety Devices Key Raw Materials
14.1.2 Raw Materials Key Suppliers
14.1.3 Manufacturing Cost Structure
14.1.4 Functional Safety Devices Production Mode & Process
14.2 Functional Safety Devices Sales Channels Analysis
14.2.1 Direct Comparison with Distribution Share
14.2.2 Functional Safety Devices Distributors
14.2.3 Functional Safety Devices Customers
15 Concluding Insights
16 Appendix
16.1 Reasons for Doing This Study
16.2 Research Methodology
16.3 Research Process
16.4 Authors List of This Report
16.5 Data Source
16.5.1 Secondary Sources
16.5.2 Primary Sources
16.6 Disclaimer

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