Functional Safety Market by System (ESD, F&G, TMC, BMS, HIPPS, SCADA, DCS), Device (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices), Sales Channel, Industry & Region - Global Forecast to 2027

Functional Safety Market by System (ESD, F&G, TMC, BMS, HIPPS, SCADA, DCS), Device (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices), Sales Channel, Industry & Region - Global Forecast to 2027

The global functional safety market size is estimated to grow from USD 5.2 billion in 2022 to USD 7.2 billion by 2027, at a CAGR of 6.8%. Mandates for safety regulations play a significant role in the growth of the functional safety market. The US government and governments of countries in Europe are undertaking constructive measures to prevent accidents by enforcing regulations related to personnel and process safety and installing certified equipment, including explosion-proof sensors, switches, and actuators in hazardous locations.

""Systems compliant with SIL 3 accounted for the largest share in the functional safety market in 2021”

The systems compliant with SIL 3 accounted for the largest share in the functional safety market in 2021 and witnessed the fastest growth in the global functional safety market, by SIL type. Presently, systems based on this safety compliance are adopted by most companies in the functional safety market. For instance, Schneider Electric offers a safety PLC controller, named Modicon M580, which is compliant with SIL 3 and is being used in process industries such as power generation, oil & gas, metals & mining, and water & wastewater treatment. Further, Triconex, a brand of Schneider Electric, provides Trident safety instrumented systems with SIL 3 certification, which are used in various industrial applications such as upstream and midstream oil and gas, chemicals, and pharmaceuticals.

“In 2021, the distributors/resellers sales channel contributed highest to the functional safety market”

Distributors/resellers are considered partners with the manufacturers and are closely associated with the manufacturers. For a newly established company that does not have brand recognition in the market, a strong distributor relationship can help establish effective sales in various regions. The distributors buy the products directly from the manufacturers, hold the inventory of the products, offer after-sale services, and resell the products to resellers or sometimes to the end users directly. In 2021, the distributors/resellers segment contributed highest to the functional safety market, by sales channel.

“The market in North America is expected to grow at a significant CAGR from 2022 to 2027”

The market in North America is expected to grow at a significant CAGR from 2022 to 2027. The market in this region is expected to hold a significant share owing to the stringent functional safety regulations in the US and Canada that are strictly followed across various process industries. Safety standards developed by OSHA, ANSI, and CSA Group have forced various industries to implement functional safety at their workplaces. In addition, a rising focus on workplace safety in the oil & gas and refining industries has promoted encouraging investments in the functional safety market in North America. North America in this study comprises the US and Canada, which are the major oil and gas producing countries. Further, several suppliers and manufacturers of safety systems have their facilities in the region. Rockwell Automation Inc. (US), General Electric Company (US), Emerson Electric Co. (US), and Honeywell International Inc. (US) are among the key players in the functional safety market in North America.

Breakdown of the profiles of primary participants:

By Company Type: Tier 1 -51%, Tier 2 -32%, and Tier 3 -17%

By Designation: C-level Executives -47%,Directors-32%, andOthers -21%

By Region: North America -29%, Europe –27%, Asia Pacific-36%, and RoW-8%

Major players profiled in this reportare as follows:Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation Inc. (US), and others.

Research Coverage

In this report, the functional safety market has been segmented based on system, device, sales channel, SIL type, industry, and region. The functional safety market based on system has been segmented into emergency shutdown systems, fire & gas monitoring controls, turbo machinery controls, burner management systems, high integrity pressure protection system, distributed control systems, and supervisory control and data acquisition systems.Based on device, the market has been segmented into safety sensors, safety controllers/ modules/ relays, valves, programmable safety systems, safety switches, actuators, emergency stop devices, and others. Based on sales channels, functional safety market has been segmented into direct channel, distributors/ resellers, and system integrators. Based on SIL type, functional safety market has been segmented into SIL 2, SIL 3, AND SIL 4. Based on industry, functional safety market has been segmented into process and discrete industry. The study also forecaststhe size of the market in fourmain regions—North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:

The report would help market leaders/new entrants in this market in the following ways:

This report segments of the functional safety market comprehensively and provides the closest approximation of the overall market size and subsegments that include system, device, sales channel, SIL type, industry, and region.

The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining tothe functional safety market.

This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.

The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches and acquisitions carried out by major market players.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY & PRICING
    • LIMITATIONS
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RISK ASSESSMENT
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES FOR FUNCTIONAL SAFETY MARKET
    • FUNCTIONAL SAFETY MARKET, BY DEVICE
    • FUNCTIONAL SAFETY MARKET, BY SYSTEM
    • FUNCTIONAL SAFETY MARKET, BY INDUSTRY
    • FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY
    • FUNCTIONAL SAFETY MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • ECOSYSTEM ANALYSIS
      • Table FUNCTIONAL SAFETY MARKET: ECOSYSTEM
      • PROCESS FLOW ANALYSIS OF FUNCTIONAL SAFETY MARKET
    • PRICING ANALYSIS
      • Table AVERAGE SELLING PRICES OF COMPONENTS/DEVICES OF FUNCTIONAL SAFETY SYSTEMS OFFERED BY TOP COMPANIES, 2021
      • Table INDICATIVE PRICES OF FUNCTIONAL SAFETY COMPONENTS/DEVICES
      • AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS
        • Table AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS (USD)
    • TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
    • TECHNOLOGY ANALYSIS
      • COMPUTER VISION
      • AUTOMATED MACHINE LEARNING
      • INTERNET OF THINGS
      • VIRTUAL REALITY
      • 5G
    • PORTER'S FIVE FORCES ANALYSIS
      • Table FUNCTIONAL SAFETY MARKET: PORTER'S FIVE FORCES ANALYSIS
    • KEY STAKEHOLDERS & BUYING CRITERIA
      • KEY STAKEHOLDERS IN BUYING PROCESS
        • Table INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES (%)
      • BUYING CRITERIA
        • Table KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
    • CASE STUDIES
      • Table FUNCTIONAL SAFETY RELAY REQUIRED FOR MACHINE SAFETY AND ENHANCING SAFETY OF WATER CUTTER
      • Table TANK OVERSPILL PROTECTION SYSTEM OFFERED BY EMERSON ELECTRIC CO. HELPS TO INCREASE SAFETY MEASURES
      • Table ULTRASONIC GAS LEAK DETECTION SYSTEM USED FOR EARLY DETECTION OF GAS LEAKS IN CRITICAL SITUATIONS
      • Table IMPLEMENTATION OF FUNCTIONAL SAFETY LIFECYCLE COMPLIANT WITH REQUIREMENTS OF IEC 61511/ISA 84 TO STAGE 3 FSA
    • TRADE ANALYSIS
    • PATENT ANALYSIS
      • Table TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
      • Table LIST OF FEW PATENTS IN FUNCTIONAL SAFETY MARKET, 2020-2021
    • KEY CONFERENCES & EVENTS, 2022-2023
      • Table FUNCTIONAL SAFETY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    • REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • Table NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • Table EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • Table ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • Table ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • STANDARDS
        • Table STANDARDS FOR FUNCTIONAL SAFETY MARKET
  • FUNCTIONAL SAFETY MARKET, BY DEVICE
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY DEVICE, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY DEVICE, 2022-2027 (USD MILLION)
    • DEVICE
      • SAFETY SENSORS
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY SYSTEM, 2022-2027 (USD MILLION)
      • SAFETY CONTROLLERS/MODULES/RELAYS
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY SYSTEM, 2022-2027 (USD MILLION)
      • PROGRAMMABLE SAFETY SYSTEMS
        • Table FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS, BY SYSTEM, 2022-2027 (USD MILLION)
      • SAFETY SWITCHES
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY SYSTEM, 2022-2027 (USD MILLION)
      • VALVES
        • Table FUNCTIONAL SAFETY MARKET FOR VALVES, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR VALVES, BY SYSTEM, 2022-2027 (USD MILLION)
      • ACTUATORS
        • Table FUNCTIONAL SAFETY MARKET FOR ACTUATORS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR ACTUATORS, BY SYSTEM, 2022-2027 (USD MILLION)
      • EMERGENCY STOP DEVICES
        • Table THREE COMMON TYPES OF EMERGENCY STOP DEVICES
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY SYSTEM, 2022-2027 (USD MILLION)
      • OTHERS
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2022-2027 (USD MILLION)
    • SERVICES
      • DESIGN, ENGINEERING, &MAINTENANCE SERVICES ARE EXPECTED TO HOLD LARGEST SIZE OF FUNCTIONAL SAFETY SERVICES MARKET
        • Table FUNCTIONAL SAFETY MARKET, BY SERVICE, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET, BY SERVICE, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET, BY SERVICE TYPE, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET, BY SERVICE TYPE, 2022-2027 (USD MILLION)
      • TESTING, INSPECTION, &CERTIFICATION
      • DESIGN, ENGINEERING, &MAINTENANCE
      • TRAINING & CONSULTING
  • FUNCTIONAL SAFETY MARKET, BY SYSTEM
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY SYSTEM TYPE, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY SYSTEM TYPE, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2022-2027 (USD MILLION)
    • EMERGENCY SHUTDOWN SYSTEMS
      • EMERGENCY SHUTDOWN SYSTEMS ARE DESIGNED TO MINIMIZE DAMAGES IN EMERGENCY SITUATIONS
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
    • FIRE & GAS MONITORING CONTROLS
      • EFFICIENT AND RELIABLE FIRE AND GAS MONITORING SYSTEMS ARE CRUCIAL TO SAFEGUARD ASSETS AND PEOPLE IN VARIOUS INDUSTRIES
        • Table FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS, BY REGION, 2022-2027 (USD MILLION)
    • TURBOMACHINERY CONTROLS
      • TURBOMACHINERY CONTROLS PROVIDE SAFETY FROM UNEXPECTED BREAKDOWNS IN PLANTS
        • Table FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS, BY REGION, 2022-2027 (USD MILLION)
    • BURNER MANAGEMENT SYSTEMS
      • BMS HELPS IN SAFE AND RELIABLE MONITORING, OPERATIONS, AND MAINTENANCE OF ALL COMBUSTION ASSETS IN PLANTS
        • Table FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
    • HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS
      • HIPPS PROTECTS PLANT EQUIPMENT, PERSONNEL, AND ENVIRONMENT BY RELIABLY AND SAFELY CLOSING SOURCE OF OVERPRESSURE
        • Table FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
    • DISTRIBUTED CONTROL SYSTEMS
      • DCS MAINTAINS DIGITAL COMMUNICATION BETWEEN VARIOUS COMPONENTS AND ALLOWS EFFECTIVE CONTROL OVER PROCESSES
        • Table FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
    • SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS
      • SCADA IS CONSIDERED FUNCTIONAL SAFETY SYSTEM THAT OPERATES TO PROVIDE CONTROL OF REMOTE DEVICES AND ALSO ACQUIRE DATA FROM THESE DEVICES
        • Table FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY INDUSTRY, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY INDUSTRY, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
  • FUNCTIONAL SAFETY MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY INDUSTRY TYPE, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY INDUSTRY TYPE, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2022-2027 (USD MILLION)
    • PROCESS INDUSTRY
      • OIL & GAS
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY STREAM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY STREAM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY REGION, 2022-2027 (USD MILLION)
      • POWER GENERATION
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY REGION, 2022-2027 (USD MILLION)
      • CHEMICALS
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY REGION, 2022-2027 (USD MILLION)
      • FOOD & BEVERAGES
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY REGION, 2022-2027 (USD MILLION)
      • WATER & WASTEWATER TREATMENT
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT, BY REGION, 2022-2027 (USD MILLION)
      • PHARMACEUTICALS
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY REGION, 2022-2027 (USD MILLION)
      • METALS & MINING
        • Table FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY REGION, 2022-2027 (USD MILLION)
      • OTHERS
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY REGION, 2022-2027 (USD MILLION)
    • DISCRETE INDUSTRY
      • AUTOMOTIVE
        • Table FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY REGION, 2022-2027 (USD MILLION)
      • RAILWAYS
        • Table FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY REGION, 2022-2027 (USD MILLION)
      • MEDICAL
        • Table FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY SYSTEM, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY SYSTEM, 2022-2027 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY REGION, 2018-2021 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY REGION, 2022-2027 (USD MILLION)
  • FUNCTIONAL SAFETY MARKET, BY SIL TYPE
    • INTRODUCTION
    • SIL 2
    • SIL 3
    • SIL 4
  • FUNCTIONAL SAFETY MARKET, BY SALES CHANNEL
    • INTRODUCTION
    • DIRECT CHANNEL
    • DISTRIBUTORS/RESELLERS
    • SYSTEM INTEGRATORS
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY REGION, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET, BY REGION, 2022-2027 (USD MILLION)
    • NORTH AMERICA
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM, 2022-2027 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM, 2022-2027 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY COUNTRY, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY SYSTEM, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY SYSTEM, 2022-2027 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • ROW
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY REGION, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY REGION, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN MIDDLE EAST, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN MIDDLE EAST, BY COUNTRY, 2022-2027 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM, 2018-2021 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM, 2022-2027 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • KEY PLAYER STRATEGIES/RIGHT TO WIN
      • Table OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN FUNCTIONAL SAFETY MARKET
    • TOP 5 COMPANY REVENUE ANALYSIS
    • MARKET SHARE ANALYSIS, 2021
      • Table FUNCTIONAL SAFETY MARKET: MARKET SHARE ANALYSIS (2021)
    • COMPANY EVALUATION QUADRANT, 2021
      • STAR
      • EMERGING LEADER
      • PERVASIVE
      • PARTICIPANT
    • SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
      • PROGRESSIVE COMPANY
      • RESPONSIVE COMPANY
      • DYNAMIC COMPANY
      • STARTING BLOCK
    • FUNCTIONAL SAFETY MARKET: COMPANY FOOTPRINT
      • Table COMPANY FOOTPRINT
      • Table INDUSTRY: COMPANY FOOTPRINT
      • Table REGIONAL: COMPANY FOOTPRINT
    • COMPETITIVE BENCHMARKING
      • Table FUNCTIONAL SAFETY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
      • Table FUNCTIONAL SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    • COMPETITIVE SITUATIONS AND TRENDS
      • FUNCTIONAL SAFETY MARKET: PRODUCT LAUNCHES
      • FUNCTIONAL SAFETY MARKET: DEALS
  • COMPANY PROFILES
    • KEY PLAYERS
      • SCHNEIDER ELECTRIC
        • Table SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
        • Table SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
        • Table SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
        • Table SCHNEIDER ELECTRIC: DEALS
      • ABB LTD.
        • Table ABB LTD: BUSINESS OVERVIEW
        • Table ABB LTD: PRODUCT OFFERINGS
        • Table ABB LTD: PRODUCT LAUNCHES
        • Table ABB LTD: DEALS
      • HONEYWELL INTERNATIONAL INC.
        • Table HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
        • Table HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS
        • Table HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
        • Table HONEYWELL INTERNATIONAL INC.: DEALS
      • EMERSON ELECTRIC CO.
        • Table EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
        • Table EMERSON ELECTRIC CO.: PRODUCT OFFERINGS
        • Table EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
        • Table EMERSON ELECTRIC CO.: DEALS
      • ROCKWELL AUTOMATION INC.
        • Table ROCKWELL AUTOMATION INC.: BUSINESS OVERVIEW
        • Table ROCKWELL AUTOMATION INC.: PRODUCT OFFERINGS
        • Table ROCKWELL AUTOMATION INC.: PRODUCT LAUNCHES
        • Table ROCKWELL AUTOMATION INC.: DEALS
      • YOKOGAWA ELECTRIC CORPORATION
        • Table YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
        • Table YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS
        • Table YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
        • Table YOKOGAWA ELECTRIC CORPORATION.: DEALS
      • HIMA PAUL HILDEBRANDT GMBH
        • Table HIMA PAUL HILDEBRANDT GMBH: BUSINESS OVERVIEW
        • Table HIMA PAUL HILDEBRANDT GMBH: PRODUCT OFFERINGS
        • Table HIMA PAUL HILDEBRANDT GMBH: PRODUCT LAUNCHES
      • GENERAL ELECTRIC COMPANY
        • Table GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW
        • Table GENERAL ELECTRIC COMPANY: PRODUCT OFFERINGS
      • OMRON CORPORATION
        • Table OMRON CORPORATION: BUSINESS OVERVIEW
        • Table OMRON CORPORATION: PRODUCT OFFERINGS
        • Table OMRON CORPORATION: PRODUCT LAUNCHES
      • SIEMENS
        • Table SIEMENS: BUSINESS OVERVIEW
        • Table SIEMENS: PRODUCT OFFERINGS
        • Table SIEMENS: DEALS
    • OTHER KEY PLAYERS
      • JOHNSON CONTROLS, INC.
      • BALLUFF GMBH
      • SCHLUMBERGER LIMITED
      • VELAN INC.
      • PALADON SYSTEMS LTD.
      • INTERTEK GROUP PLC
      • DEKRA
      • TÜV SÜD AG
      • TUV RHEINLAND
      • SGS
  • ADJACENT & RELATED MARKETS
    • INTRODUCTION
    • LIMITATIONS
    • PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2018-2021 (USD MILLION)
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2022-2027 (USD MILLION)
    • NORTH AMERICA
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2022-2027 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY, 2022-2027 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2018-2021 (USD MILLION)
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2022-2027 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF ASIA PACIFIC
    • ROW
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW, BY REGION, 2018-2021 (USD MILLION)
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW, BY REGION, 2022-2027 (USD MILLION)
      • MIDDLE EAST
        • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2018-2021 (USD MILLION)
        • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2022-2027 (USD MILLION)
      • SOUTH AMERICA
      • AFRICA
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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