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Functional Safety - Market Analysis, Trends, and Forecasts

  • ID: 4805073
  • Report
  • October 2019
  • Region: Global
  • 131 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Abb Group
  • Bei Sensors
  • Emerson Electric
  • General Electric Company
  • Intel Corporation
  • Omron Corporation
  • MORE
The Functional Safety market worldwide is projected to grow by US$3.6 Billion, driven by a compounded growth of 7.9%. Safety Sensors, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.1 Billion by the year 2025, Safety Sensors will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$161 Million to the region's size and clout in the next 5 to 6 years. Over US$168.2 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Safety Sensors will reach a market size of US$282.5 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.6% over the next couple of years and add approximately US$612.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:
  • ABB Ltd.
  • Balluff, Inc.
  • BEI Sensors
  • Bosch Rexroth AG
  • Emerson Electric Company
  • Endress+Hauser Management AG
  • exida.com LLC
  • General Electric Company
  • HIMA Paul Hildebrandt GmbH
  • Honeywell International, Inc.
  • Intel Corporation
  • Mangan Software Solutions
  • Mitsubishi Electric Corporation
  • Moore Industries-International, Inc.
  • Omron Corporation
  • Pepperl+Fuchs GmbH
  • Phoenix Contact GmbH & Co. KG
  • Pilz GmbH & Co. KG
  • Renesas Electronics Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Siemens AG
  • TUV Rheinland AG
  • UL LLC (Underwriters Laboratories)
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abb Group
  • Bei Sensors
  • Emerson Electric
  • General Electric Company
  • Intel Corporation
  • Omron Corporation
  • MORE

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Functional Safety Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Functional Safety Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Functional Safety Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Safety Sensors (Device) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 4: Safety Sensors (Device) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 5: Safety Relays (Device) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 6: Safety Relays (Device) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 7: Valves (Device) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 8: Valves (Device) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 9: Actuators (Device) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 10: Actuators (Device) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 11: Other Devices (Device) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 12: Other Devices (Device) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 13: Emergency Shutdown System (System) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025

TABLE 14: Emergency Shutdown System (System) Market Percentage Share Distribution by Region/Country: 2019 VS 2025

TABLE 15: Turbomachinery Control (System) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025

TABLE 16: Turbomachinery Control (System) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 17: Fire & Gas Monitoring Control (System) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 18: Fire & Gas Monitoring Control (System) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 19: HIPPS (System) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 20: HIPPS (System) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 21: BMS (System) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 22: BMS (System) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 23: SCADA (System) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 24: SCADA (System) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 25: DCS (System) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 26: DCS (System) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Functional Safety Market Share (in %) by Company: 2019 & 2025

TABLE 27: United States Functional Safety Market Estimates and Projections in US$ Million by Device: 2018 to 2025

TABLE 28: United States Functional Safety Market Share Breakdown by Device: 2019 VS 2025

TABLE 29: United States Functional Safety Market Estimates and Projections in US$ Million by System: 2018 to 2025

TABLE 30: United States Functional Safety Market Share Breakdown by System: 2019 VS 2025

CANADA

TABLE 31: Canadian Functional Safety Market Estimates and Forecasts in US$ Million by Device: 2018 to 2025

TABLE 32: Functional Safety Market in Canada: Percentage Share Breakdown of Sales by Device for 2019 and 2025

TABLE 33: Canadian Functional Safety Market Estimates and Forecasts in US$ Million by System: 2018 to 2025

TABLE 34: Functional Safety Market in Canada: Percentage Share Breakdown of Sales by System for 2019 and 2025

JAPAN

TABLE 35: Japanese Market for Functional Safety: Annual Sales Estimates and Projections in US$ Million by Device for the Period 2018-2025

TABLE 36: Japanese Functional Safety Market Share Analysis by Device: 2019 VS 2025

TABLE 37: Japanese Market for Functional Safety: Annual Sales Estimates and Projections in US$ Million by System for the Period 2018-2025

TABLE 38: Japanese Functional Safety Market Share Analysis by System: 2019 VS 2025

CHINA

TABLE 39: Chinese Functional Safety Market Growth Prospects in US$ Million by Device for the Period 2018-2025

TABLE 40: Chinese Functional Safety Market by Device: Percentage Breakdown of Sales for 2019 and 2025

TABLE 41: Chinese Functional Safety Market Growth Prospects in US$ Million by System for the Period 2018-2025

TABLE 42: Chinese Functional Safety Market by System: Percentage Breakdown of Sales for 2019 and 2025

EUROPE

Market Facts & Figures

European Functional Safety Market: Competitor Market Share Scenario (in %) for 2019 & 2025

TABLE 43: European Functional Safety Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 44: European Functional Safety Market Share Shift by Region/Country: 2019 VS 2025

TABLE 45: European Functional Safety Market Estimates and Forecasts in US$ Million by Device: 2018-2025

TABLE 46: European Functional Safety Market Share Breakdown by Device: 2019 VS 2025

TABLE 47: European Functional Safety Market Estimates and Forecasts in US$ Million by System: 2018-2025

TABLE 48: European Functional Safety Market Share Breakdown by System: 2019 VS 2025

FRANCE

TABLE 49: Functional Safety Market in France by Device: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 50: French Functional Safety Market Share Analysis by Device: 2019 VS 2025

TABLE 51: Functional Safety Market in France by System: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 52: French Functional Safety Market Share Analysis by System: 2019 VS 2025

GERMANY

TABLE 53: Functional Safety Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Device for the Period 2018-2025

TABLE 54: German Functional Safety Market Share Breakdown by Device: 2019 VS 2025

TABLE 55: Functional Safety Market in Germany: Recent Past, Current and Future Analysis in US$ Million by System for the Period 2018-2025

TABLE 56: German Functional Safety Market Share Breakdown by System: 2019 VS 2025

ITALY

TABLE 57: Italian Functional Safety Market Growth Prospects in US$ Million by Device for the Period 2018-2025

TABLE 58: Italian Functional Safety Market by Device: Percentage Breakdown of Sales for 2019 and 2025

TABLE 59: Italian Functional Safety Market Growth Prospects in US$ Million by System for the Period 2018-2025

TABLE 60: Italian Functional Safety Market by System: Percentage Breakdown of Sales for 2019 and 2025

UNITED KINGDOM

TABLE 61: United Kingdom Market for Functional Safety: Annual Sales Estimates and Projections in US$ Million by Device for the Period 2018-2025

TABLE 62: United Kingdom Functional Safety Market Share Analysis by Device: 2019 VS 2025

TABLE 63: United Kingdom Market for Functional Safety: Annual Sales Estimates and Projections in US$ Million by System for the Period 2018-2025

TABLE 64: United Kingdom Functional Safety Market Share Analysis by System: 2019 VS 2025

REST OF EUROPE

TABLE 65: Rest of Europe Functional Safety Market Estimates and Forecasts in US$ Million by Device: 2018-2025

TABLE 66: Rest of Europe Functional Safety Market Share Breakdown by Device: 2019 VS 2025

TABLE 67: Rest of Europe Functional Safety Market Estimates and Forecasts in US$ Million by System: 2018-2025

TABLE 68: Rest of Europe Functional Safety Market Share Breakdown by System: 2019 VS 2025

ASIA-PACIFIC

TABLE 69: Functional Safety Market in Asia-Pacific by Device: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 70: Asia-Pacific Functional Safety Market Share Analysis by Device: 2019 VS 2025

TABLE 71: Functional Safety Market in Asia-Pacific by System: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 72: Asia-Pacific Functional Safety Market Share Analysis by System: 2019 VS 2025

REST OF WORLD

TABLE 73: Rest of World Functional Safety Market Estimates and Forecasts in US$ Million by Device: 2018 to 2025

TABLE 74: Functional Safety Market in Rest of World: Percentage Share Breakdown of Sales by Device for 2019 and 2025

TABLE 75: Rest of World Functional Safety Market Estimates and Forecasts in US$ Million by System: 2018 to 2025

TABLE 76: Functional Safety Market in Rest of World: Percentage Share Breakdown of Sales by System for 2019 and 2025

IV. COMPETITION

ABB GROUP

BEI SENSORS

BALLUFF

BOSCH REXROTH AG

EMERSON ELECTRIC

ENDRESS+HAUSER MANAGEMENT AG

GENERAL ELECTRIC COMPANY

HIMA PAUL HILDEBRANDT GMBH

HONEYWELL INTERNATIONAL

INTEL CORPORATION

MANGAN SOFTWARE SOLUTIONS

MITSUBISHI ELECTRIC CORPORATION

MOORE INDUSTRIES-INTERNATIONAL

OMRON CORPORATION

PHOENIX CONTACT GMBH & CO. KG

PEPPERL+FUCHS GMBH

PILZ GMBH & CO. KG

RENESAS ELECTRONICS CORPORATION

ROCKWELL AUTOMATION

SCHNEIDER ELECTRIC SA

SIEMENS AG

TÜV RHEINLAND AG

UL LLC (UNDERWRITERS LABORATORIES)

YOKOGAWA ELECTRIC CORPORATION

EXIDA.COM

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • Abb Group
  • Bei Sensors
  • Balluff
  • Bosch Rexroth Ag
  • Emerson Electric
  • Endress+Hauser Management Ag
  • General Electric Company
  • Hima Paul Hildebrandt Gmbh
  • Honeywell International
  • Intel Corporation
  • Mangan Software Solutions
  • Mitsubishi Electric Corporation
  • Moore Industries-International
  • Omron Corporation
  • Phoenix Contact Gmbh & Co. Kg
  • Pepperl+Fuchs Gmbh
  • Pilz Gmbh & Co. Kg
  • Renesas Electronics Corporation
  • Rockwell Automation
  • Schneider Electric Sa
  • Siemens Ag
  • Tüv Rheinland Ag
  • Ul Llc (Underwriters Laboratories)
  • Yokogawa Electric Corporation
  • Exida.Com
Note: Product cover images may vary from those shown
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