Global Functional Safety Device Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Functional Safety Device Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Functional Safety Device market size was valued at US$ 7144 million in 2023 and is forecast to a readjusted size of USD 12410 million by 2030 with a CAGR of 8.3% during review period.

Global players of Functional Safety Device include Siemens, ABB, Schneider, Honeywell, Rockwell Automation and Mitsubishi Electric, etc. Top five players occupy for share about 64%. Europe is the largest market, with a share about 40%, followed by North America and China. In terms of product, Safety sensors is the largest segment, with a share over 25%. In terms of application, Oil and gas is the largest market, with a share about 24%.

This report is a detailed and comprehensive analysis for global Functional Safety Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Functional Safety Device market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Units), 2019-2030

Global Functional Safety Device market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Units), 2019-2030

Global Functional Safety Device market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Units), 2019-2030

Global Functional Safety Device market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Units), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Functional Safety Device

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Functional Safety Device market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens, ABB, Schneider, Honeywell, Rockwell Automation, Mitsubishi Electric, Emerson, Yokogawa Electric, GE, Omron, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Functional Safety Device market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Safety Sensors
Safety PLCs
Safety Relays
Safety Valve
Safe Actuator
Safety Switches
Others

Market segment by Application
Automobile
Rail Transit
Chemical Engineering
Oil and Gas
Medical
Electric Power
Elevator Escalator
Others

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

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Functional Safety Device product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Functional Safety Device, with price, sales quantity, revenue, and global market share of Functional Safety Device from 2019 to 2024.

Chapter 3, the Functional Safety Device competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Functional Safety Device breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Functional Safety Device market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Functional Safety Device.

Chapter 14 and 15, to describe Functional Safety Device sales channel, distributors, customers, research findings and conclusion.