Global Functional Safety Market Size, Share & Trends Analysis Report By Device Type, By Industry Verticals (Oil & Gas, Power Generation, Automotive, Pharmaceutical, Food & Beverage, and Others), By Safety System, By Regional Outlook and Forecast, 2024 - 2

Global Functional Safety Market Size, Share & Trends Analysis Report By Device Type, By Industry Verticals (Oil & Gas, Power Generation, Automotive, Pharmaceutical, Food & Beverage, and Others), By Safety System, By Regional Outlook and Forecast, 2024 - 2031


The Global Functional Safety Market size is expected to reach $11.7 billion by 2031, rising at a market growth of 10.1% CAGR during the forecast period.

TMC systems ensure the safe and reliable operation of turbomachinery such as pumps, mixers, and compressors in food & beverage processing facilities. These systems monitor and control critical parameters to prevent equipment damage, failures, and accidents. Consequently, the food & beverage segment would acquire nearly 10% of the total market share by 2031. TMC systems monitor pressure levels in equipment and pipelines to prevent overpressure events. They also monitor temperature levels in equipment and processes to prevent overheating and equipment damage.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in March, 2024, Yokogawa Electric Corporation unveiled OpreX Robot Management Core, a software application in the OpreX Asset Management and Integrity portfolio. The product can be integrated with a variety of robots that perform plant maintenance tasks conventionally carried out by humans. Additionally, this software will enable customers to maintain their facilities in a safer and more cost-effective manner. Moreover, in January, 2024, Mitsubishi Electric Automation, Inc., a subsidiary of Mitsubishi Electric Corporation, unveiled the MELSEC iQ-R Series CIP Safety Module for Safe Communication over Devices in a Network. The product is made to send safety signals to many different devices and equipment, like third-party robots, Mitsubishi Electric products, other VFD products, and safety I/O and interlocks.

Based on the Analysis presented in the KBV Cardinal matrix; Siemens AG and General Electric Company are the forerunners in the Market. In January 2023, Siemens AG unveiled two aspirating smoke detectors (ASD), FDA261 and FDA262. These smoke detectors feature a range of up to 6700 m2, and for Class A installations, a range of up to 2,000 m2, with a single ASD+ detector. Additionally, the products can be utilized over wide areas, including large data centers, e-commerce warehouses, or industrial manufacturing sites. Companies such as Honeywell International, Inc., ABB Ltd. and Schneider Electric SE are some of the key innovators in the Market.

Market Growth Factors

The aerospace and defence industry rely heavily on safety solutions to ensure the safe operation of aircraft, spacecraft, and defence systems. Safety is essential for flight control systems to ensure the safe operation of aircraft and the protection of passengers and crew. Safety solutions are essential for integrated battle management systems to ensure the safety and effectiveness of military operations. The expansion of space exploration programs and the growing demand for satellite systems drive the demand for safety solutions to ensure the safety and reliability of space missions and satellite operations. Therefore, the expansion of the aerospace and defence industry plays a significant role in driving the market.

The increasing demand for medical devices such as ventilators, anaesthesia machines, infusion pumps, and diagnostic equipment drives the adoption of safety solutions. Safety is essential for ensuring the safe and reliable operation of medical devices, protecting patients from harm, and ensuring the effectiveness of medical treatments. Medical devices used for patient care, including life-support systems, monitoring devices, and diagnostic equipment, require safety to ensure patient safety and well-being. Thus, rapid growth in the healthcare industry boosts the market.

Market Restraining Factors

Implementing safety systems often requires a significant upfront investment in safety-critical hardware, software, and engineering services. Companies may need help with competing priorities for allocating resources, making it challenging to justify investment in safety systems over other business initiatives. They may prioritize investments in revenue-generating activities over safety-related initiatives, leading to delays or underinvestment in safety measures. Hence, the high implementation costs of safety hinder the market.

Device Type Outlook

By device type, the market is categorized into safety controllers, modules & relays, programmable safety systems, safety sensors, emergency stop devices, final control elements (valves, actuators), and others. In 2023, the safety controllers, modules & relays segment held 22% revenue share in the market. Safety controllers act as centralized control units for managing safety-critical functions in industrial environments. These controllers integrate with various safety devices such as sensors, switches, and actuators to monitor and control safety-related processes. Safety controllers allow emergency shutdown to stop or isolate equipment in hazardous situations.

Industry Verticals Outlook

On the basis of industry verticals, the market is divided into oil & gas, power generation, food & beverage, pharmaceutical, automotive, and others. The pharmaceutical segment procured 14% revenue share in the market in 2023. In pharmaceutical, safety systems control and monitor safety-critical processes and equipment in pharmaceutical manufacturing facilities, ensuring safe operation and emergency shutdown when necessary. These benefits support the demand for safety systems in this industry, and with the expansion of the industry, the demand for safety will also increase.

Safety System Outlook

Based on safety system, the market is classified into emergency shutdown systems (ESD), burner management systems (BMS), high-integrity pressure protection systems (HIPPS), turbomachinery control (TMC) systems, fire & gas monitoring control systems, and supervisory control and data acquisition (SCADA) systems. The burner management systems (BMS) segment acquired 20.4% revenue share in the market in 2023. BMS systems prevent the release of hazardous substances into the environment, helping to minimize the environmental impact of industrial combustion processes. These systems optimize combustion efficiency and reduce emissions of pollutants such as NOx, CO, and VOCs, ensuring compliance with environmental regulations.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America led the market by generating 35.2% revenue share. North America's oil & gas industry is witnessing significant growth due to increasing exploration and production activities. The adoption of industrial automation technologies is driving the demand for safety solutions to ensure the safe operation of automated systems in North America.

Market Competition and Attributes

The competition in the Market is intense, driven by the increasing adoption of automation and stringent safety regulations across industries. Key players are focusing on innovation and strategic collaborations to enhance their offerings, aiming to meet the growing demand for reliable and advanced safety solutions globally.

Recent Strategies Deployed in the Market
  • Mar-2024: Mitsubishi Electric Corporation inked an agreement with Dispel LLC, a manufacturer and distributor of secure remote access and operational management solutions. Under this agreement, Mitsubishi Electric will combine its factory automation (FA) equipment and OT security solutions with Dispel’s secure remote-access technology to offer a Zero Trust Remote Access Service that monitors, controls, and verifies remote-access operations involving equipment in manufacturing sites.
  • Oct-2023: Omron Corporation came into partnership with Safety Technologies, Inc., a safety equipment manufacturer, and Lowpad BV, a unique intelligent autonomous mobile robot. Under this partnership, the companies will join efforts to expand OMRON’s line of mobile robots with Lowpad’s low-profile product suite. Additionally, Omron's FLOW Core software will be integrated with Lowpad's products, allowing autonomous operation and a single point of control for fleets of up to 100 mobile robots.
  • Oct-2023: Rockwell Automation, Inc. inked a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company. Through this acquisition, Rockwell will expand its offerings in asset inventory systems and vulnerability management solutions. Moreover, the acquisition allows Rockwell's customers to quickly assess their assets, prioritize risk, and apply countermeasures to eliminate vulnerabilities, all using one platform.
  • May-2023: Omron Corporation launched the G2RV-ST, its industrial 6mm electromechanical relay. The G2RV-ST is designed to offer machine and panel manufacturers an ideal solution for compact panels and equipment while ensuring durability and reliability.
  • Aug-2022: Honeywell International, Inc. launched the Morley MAx fire detection and alarm system to enhance building and occupant safety. Honeywell's Morley MAx panel is a small, strong, smart fire alarm control panel. It gives installers and users a bunch of high-tech features that are simple to set up, use, and keep in good shape. Additionally, this product helps make sure people in buildings are safer, and it helps building owners follow safety rules more effectively.
List of Key Companies Profiled
  • ABB Ltd.
  • General Electric Company
  • Siemens AG
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • Omron Corporation
  • Yokogawa Electric Corporation
Global Functional Safety Market Report Segmentation

By Device Type
  • Safety Sensors
  • Safety Controllers, Modules & Relays
  • Programmable Safety Systems
  • Final Control Elements (Valves, Actuators)
  • Emergency Stop Devices
  • Others
By Industry Verticals
  • Oil & Gas
  • Power Generation
  • Automotive
  • Pharmaceutical
  • Food & Beverage
  • Others
By Safety System
  • Emergency Shutdown Systems (ESD)
  • Burner Management Systems (BMS)
  • High-Integrity Pressure Protection Systems (HIPPS)
  • Turbomachinery Control (TMC) Systems
  • Supervisory Control and Data Acquisition (SCADA) Systems
  • Fire & Gas Monitoring Control Systems
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Functional Safety Market, by Device Type
1.4.2 Global Functional Safety Market, by Industry Verticals
1.4.3 Global Functional Safety Market, by Safety System
1.4.4 Global Functional Safety Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Nov – 2024, Mar) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Functional Safety Market by Device Type
5.1 Global Safety Sensors Market by Region
5.2 Global Safety Controllers, Modules & Relays Market by Region
5.3 Global Programmable Safety Systems Market by Region
5.4 Global Final Control Elements (Valves, Actuators) Market by Region
5.5 Global Emergency Stop Devices Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Functional Safety Market by Industry Verticals
6.1 Global Oil & Gas Market by Region
6.2 Global Power Generation Market by Region
6.3 Global Automotive Market by Region
6.4 Global Pharmaceutical Market by Region
6.5 Global Food & Beverage Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Functional Safety Market by Safety System
7.1 Global Emergency Shutdown Systems (ESD) Market by Region
7.2 Global Burner Management Systems (BMS) Market by Region
7.3 Global High-Integrity Pressure Protection Systems (HIPPS) Market by Region
7.4 Global Turbomachinery Control (TMC) Systems Market by Region
7.5 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Region
7.6 Global Fire & Gas Monitoring Control Systems Market by Region
Chapter 8. Global Functional Safety Market by Region
8.1 North America Functional Safety Market
8.1.1 North America Functional Safety Market by Device Type
8.1.1.1 North America Safety Sensors Market by Country
8.1.1.2 North America Safety Controllers, Modules & Relays Market by Country
8.1.1.3 North America Programmable Safety Systems Market by Country
8.1.1.4 North America Final Control Elements (Valves, Actuators) Market by Country
8.1.1.5 North America Emergency Stop Devices Market by Country
8.1.1.6 North America Others Market by Country
8.1.2 North America Functional Safety Market by Industry Verticals
8.1.2.1 North America Oil & Gas Market by Country
8.1.2.2 North America Power Generation Market by Country
8.1.2.3 North America Automotive Market by Country
8.1.2.4 North America Pharmaceutical Market by Country
8.1.2.5 North America Food & Beverage Market by Country
8.1.2.6 North America Others Market by Country
8.1.3 North America Functional Safety Market by Safety System
8.1.3.1 North America Emergency Shutdown Systems (ESD) Market by Country
8.1.3.2 North America Burner Management Systems (BMS) Market by Country
8.1.3.3 North America High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.1.3.4 North America Turbomachinery Control (TMC) Systems Market by Country
8.1.3.5 North America Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.1.3.6 North America Fire & Gas Monitoring Control Systems Market by Country
8.1.4 North America Functional Safety Market by Country
8.1.4.1 US Functional Safety Market
8.1.4.1.1 US Functional Safety Market by Device Type
8.1.4.1.2 US Functional Safety Market by Industry Verticals
8.1.4.1.3 US Functional Safety Market by Safety System
8.1.4.2 Canada Functional Safety Market
8.1.4.2.1 Canada Functional Safety Market by Device Type
8.1.4.2.2 Canada Functional Safety Market by Industry Verticals
8.1.4.2.3 Canada Functional Safety Market by Safety System
8.1.4.3 Mexico Functional Safety Market
8.1.4.3.1 Mexico Functional Safety Market by Device Type
8.1.4.3.2 Mexico Functional Safety Market by Industry Verticals
8.1.4.3.3 Mexico Functional Safety Market by Safety System
8.1.4.4 Rest of North America Functional Safety Market
8.1.4.4.1 Rest of North America Functional Safety Market by Device Type
8.1.4.4.2 Rest of North America Functional Safety Market by Industry Verticals
8.1.4.4.3 Rest of North America Functional Safety Market by Safety System
8.2 Europe Functional Safety Market
8.2.1 Europe Functional Safety Market by Device Type
8.2.1.1 Europe Safety Sensors Market by Country
8.2.1.2 Europe Safety Controllers, Modules & Relays Market by Country
8.2.1.3 Europe Programmable Safety Systems Market by Country
8.2.1.4 Europe Final Control Elements (Valves, Actuators) Market by Country
8.2.1.5 Europe Emergency Stop Devices Market by Country
8.2.1.6 Europe Others Market by Country
8.2.2 Europe Functional Safety Market by Industry Verticals
8.2.2.1 Europe Oil & Gas Market by Country
8.2.2.2 Europe Power Generation Market by Country
8.2.2.3 Europe Automotive Market by Country
8.2.2.4 Europe Pharmaceutical Market by Country
8.2.2.5 Europe Food & Beverage Market by Country
8.2.2.6 Europe Others Market by Country
8.2.3 Europe Functional Safety Market by Safety System
8.2.3.1 Europe Emergency Shutdown Systems (ESD) Market by Country
8.2.3.2 Europe Burner Management Systems (BMS) Market by Country
8.2.3.3 Europe High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.2.3.4 Europe Turbomachinery Control (TMC) Systems Market by Country
8.2.3.5 Europe Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.2.3.6 Europe Fire & Gas Monitoring Control Systems Market by Country
8.2.4 Europe Functional Safety Market by Country
8.2.4.1 Germany Functional Safety Market
8.2.4.1.1 Germany Functional Safety Market by Device Type
8.2.4.1.2 Germany Functional Safety Market by Industry Verticals
8.2.4.1.3 Germany Functional Safety Market by Safety System
8.2.4.2 UK Functional Safety Market
8.2.4.2.1 UK Functional Safety Market by Device Type
8.2.4.2.2 UK Functional Safety Market by Industry Verticals
8.2.4.2.3 UK Functional Safety Market by Safety System
8.2.4.3 France Functional Safety Market
8.2.4.3.1 France Functional Safety Market by Device Type
8.2.4.3.2 France Functional Safety Market by Industry Verticals
8.2.4.3.3 France Functional Safety Market by Safety System
8.2.4.4 Russia Functional Safety Market
8.2.4.4.1 Russia Functional Safety Market by Device Type
8.2.4.4.2 Russia Functional Safety Market by Industry Verticals
8.2.4.4.3 Russia Functional Safety Market by Safety System
8.2.4.5 Spain Functional Safety Market
8.2.4.5.1 Spain Functional Safety Market by Device Type
8.2.4.5.2 Spain Functional Safety Market by Industry Verticals
8.2.4.5.3 Spain Functional Safety Market by Safety System
8.2.4.6 Italy Functional Safety Market
8.2.4.6.1 Italy Functional Safety Market by Device Type
8.2.4.6.2 Italy Functional Safety Market by Industry Verticals
8.2.4.6.3 Italy Functional Safety Market by Safety System
8.2.4.7 Rest of Europe Functional Safety Market
8.2.4.7.1 Rest of Europe Functional Safety Market by Device Type
8.2.4.7.2 Rest of Europe Functional Safety Market by Industry Verticals
8.2.4.7.3 Rest of Europe Functional Safety Market by Safety System
8.3 Asia Pacific Functional Safety Market
8.3.1 Asia Pacific Functional Safety Market by Device Type
8.3.1.1 Asia Pacific Safety Sensors Market by Country
8.3.1.2 Asia Pacific Safety Controllers, Modules & Relays Market by Country
8.3.1.3 Asia Pacific Programmable Safety Systems Market by Country
8.3.1.4 Asia Pacific Final Control Elements (Valves, Actuators) Market by Country
8.3.1.5 Asia Pacific Emergency Stop Devices Market by Country
8.3.1.6 Asia Pacific Others Market by Country
8.3.2 Asia Pacific Functional Safety Market by Industry Verticals
8.3.2.1 Asia Pacific Oil & Gas Market by Country
8.3.2.2 Asia Pacific Power Generation Market by Country
8.3.2.3 Asia Pacific Automotive Market by Country
8.3.2.4 Asia Pacific Pharmaceutical Market by Country
8.3.2.5 Asia Pacific Food & Beverage Market by Country
8.3.2.6 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Functional Safety Market by Safety System
8.3.3.1 Asia Pacific Emergency Shutdown Systems (ESD) Market by Country
8.3.3.2 Asia Pacific Burner Management Systems (BMS) Market by Country
8.3.3.3 Asia Pacific High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.3.3.4 Asia Pacific Turbomachinery Control (TMC) Systems Market by Country
8.3.3.5 Asia Pacific Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.3.3.6 Asia Pacific Fire & Gas Monitoring Control Systems Market by Country
8.3.4 Asia Pacific Functional Safety Market by Country
8.3.4.1 China Functional Safety Market
8.3.4.1.1 China Functional Safety Market by Device Type
8.3.4.1.2 China Functional Safety Market by Industry Verticals
8.3.4.1.3 China Functional Safety Market by Safety System
8.3.4.2 Japan Functional Safety Market
8.3.4.2.1 Japan Functional Safety Market by Device Type
8.3.4.2.2 Japan Functional Safety Market by Industry Verticals
8.3.4.2.3 Japan Functional Safety Market by Safety System
8.3.4.3 India Functional Safety Market
8.3.4.3.1 India Functional Safety Market by Device Type
8.3.4.3.2 India Functional Safety Market by Industry Verticals
8.3.4.3.3 India Functional Safety Market by Safety System
8.3.4.4 South Korea Functional Safety Market
8.3.4.4.1 South Korea Functional Safety Market by Device Type
8.3.4.4.2 South Korea Functional Safety Market by Industry Verticals
8.3.4.4.3 South Korea Functional Safety Market by Safety System
8.3.4.5 Australia Functional Safety Market
8.3.4.5.1 Australia Functional Safety Market by Device Type
8.3.4.5.2 Australia Functional Safety Market by Industry Verticals
8.3.4.5.3 Australia Functional Safety Market by Safety System
8.3.4.6 Malaysia Functional Safety Market
8.3.4.6.1 Malaysia Functional Safety Market by Device Type
8.3.4.6.2 Malaysia Functional Safety Market by Industry Verticals
8.3.4.6.3 Malaysia Functional Safety Market by Safety System
8.3.4.7 Rest of Asia Pacific Functional Safety Market
8.3.4.7.1 Rest of Asia Pacific Functional Safety Market by Device Type
8.3.4.7.2 Rest of Asia Pacific Functional Safety Market by Industry Verticals
8.3.4.7.3 Rest of Asia Pacific Functional Safety Market by Safety System
8.4 LAMEA Functional Safety Market
8.4.1 LAMEA Functional Safety Market by Device Type
8.4.1.1 LAMEA Safety Sensors Market by Country
8.4.1.2 LAMEA Safety Controllers, Modules & Relays Market by Country
8.4.1.3 LAMEA Programmable Safety Systems Market by Country
8.4.1.4 LAMEA Final Control Elements (Valves, Actuators) Market by Country
8.4.1.5 LAMEA Emergency Stop Devices Market by Country
8.4.1.6 LAMEA Others Market by Country
8.4.2 LAMEA Functional Safety Market by Industry Verticals
8.4.2.1 LAMEA Oil & Gas Market by Country
8.4.2.2 LAMEA Power Generation Market by Country
8.4.2.3 LAMEA Automotive Market by Country
8.4.2.4 LAMEA Pharmaceutical Market by Country
8.4.2.5 LAMEA Food & Beverage Market by Country
8.4.2.6 LAMEA Others Market by Country
8.4.3 LAMEA Functional Safety Market by Safety System
8.4.3.1 LAMEA Emergency Shutdown Systems (ESD) Market by Country
8.4.3.2 LAMEA Burner Management Systems (BMS) Market by Country
8.4.3.3 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.4.3.4 LAMEA Turbomachinery Control (TMC) Systems Market by Country
8.4.3.5 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.4.3.6 LAMEA Fire & Gas Monitoring Control Systems Market by Country
8.4.4 LAMEA Functional Safety Market by Country
8.4.4.1 Brazil Functional Safety Market
8.4.4.1.1 Brazil Functional Safety Market by Device Type
8.4.4.1.2 Brazil Functional Safety Market by Industry Verticals
8.4.4.1.3 Brazil Functional Safety Market by Safety System
8.4.4.2 Argentina Functional Safety Market
8.4.4.2.1 Argentina Functional Safety Market by Device Type
8.4.4.2.2 Argentina Functional Safety Market by Industry Verticals
8.4.4.2.3 Argentina Functional Safety Market by Safety System
8.4.4.3 UAE Functional Safety Market
8.4.4.3.1 UAE Functional Safety Market by Device Type
8.4.4.3.2 UAE Functional Safety Market by Industry Verticals
8.4.4.3.3 UAE Functional Safety Market by Safety System
8.4.4.4 Saudi Arabia Functional Safety Market
8.4.4.4.1 Saudi Arabia Functional Safety Market by Device Type
8.4.4.4.2 Saudi Arabia Functional Safety Market by Industry Verticals
8.4.4.4.3 Saudi Arabia Functional Safety Market by Safety System
8.4.4.5 South Africa Functional Safety Market
8.4.4.5.1 South Africa Functional Safety Market by Device Type
8.4.4.5.2 South Africa Functional Safety Market by Industry Verticals
8.4.4.5.3 South Africa Functional Safety Market by Safety System
8.4.4.6 Nigeria Functional Safety Market
8.4.4.6.1 Nigeria Functional Safety Market by Device Type
8.4.4.6.2 Nigeria Functional Safety Market by Industry Verticals
8.4.4.6.3 Nigeria Functional Safety Market by Safety System
8.4.4.7 Rest of LAMEA Functional Safety Market
8.4.4.7.1 Rest of LAMEA Functional Safety Market by Device Type
8.4.4.7.2 Rest of LAMEA Functional Safety Market by Industry Verticals
8.4.4.7.3 Rest of LAMEA Functional Safety Market by Safety System
Chapter 9. Company Profiles
9.1 ABB Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 General Electric Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Rockwell Automation, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Emerson Electric Co.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Honeywell International, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Omron Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Yokogawa Electric Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
Chapter 10. Winning Imperatives of Functional Safety Market

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