+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Functional Safety - Global Market Outlook (2018-2027)

  • ID: 5008304
  • Report
  • February 2020
  • Region: Global
  • 157 pages
  • Stratistics Market Research Consulting Pvt Ltd
10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

1 of 3

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • ABB
  • GE
  • Honeywell
  • Omron
  • Schneider Electric
  • TUV SUD
  • MORE
The Global Functional Safety market accounted for $4.21 billion in 2018 and is expected to reach $10.61 billion by 2027 growing at a CAGR of 10.8% during the forecast period. Increasing strict mandates for safety regulations and surging demand for safety systems in the oil & gas industry are the major factors driving market growth. However, high financing required for placing in helpful insurance structures and absence of ability and the multifaceted nature of models are limiting commercial centre increment.

Functional safety is the part of the general safety of a device or piece of device that is predicated upon automatic safety strolling efficiently in reaction to its inputs or failure in a predictable manner (fail-secure). The computerized safety system should be designed to correctly manage possibly human errors, hardware screw-united states and operational/environmental pressure.

Based on the offering, the service segment is likely to have a huge demand due to increasing adoption of safety instrumented systems (SIS) by manufacturing companies and growing demand for functional safety, especially in oil & gas and chemical industries. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to high potential for installation of functional safety in the oil & gas, chemicals, and power generation industries and increasing industrialization in emerging economies such as China and India.

Some of the key players profiled in the Functional Safety Market include ABB, GE, Yokogawa, Siemens Ag, Schneider Electric, Hima Paul, Omron, Honeywell, Emerson Electric, Rockwell, TUV SUD and Johnson Controls.

Systems Covered:
  • Industrial Control Systems
  • Safety Instrumented Systems (SIS)
Offerings Covered:
  • Service
  • Component
Applications Covered:
  • Process Industry
  • Discrete Industries
Regions Covered:

North America
  • US
  • Canada
  • Mexico
Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa
What the report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

Purchasers of this report will be entitled to receive one of the following free customization options:

1. Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
2. Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
3. Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • ABB
  • GE
  • Honeywell
  • Omron
  • Schneider Electric
  • TUV SUD
  • MORE
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Functional Safety Market, By System
5.1 Introduction
5.2 Industrial Control Systems
5.2.1 Distributed Control System (DCS)
5.2.2 Supervisory Control and Data Acquisition (SCADA) Systems
5.3 Safety Instrumented Systems (SIS)
5.3.1 Fire & Gas Monitoring
5.3.2 Burner Management System (BMS)
5.3.3 Turbomachinery Control (TMC)
5.3.4 High Integrity Pressure Protection System (HIPPS)
5.3.5 Emergency Shutdown System (ESD)

6 Global Functional Safety Market, By Offering
6.1 Introduction
6.2 Service
6.2.1 Testing, Inspection, and Certification
6.2.2 Maintenance
6.2.3 Training and Consulting
6.3 Component
6.3.1 Safety Switch
6.3.2 Programmable Safety System
6.3.3 Safety Sensor
6.3.4 Safety Controller/Module/Relay
6.3.5 Emergency Stop Device
6.3.6 Final Control Element
6.3.6.1 Actuators
6.3.6.2 Safety Valve

7 Global Functional Safety Market, By Application
7.1 Introduction
7.2 Process Industry
7.2.1 Pharmaceutical and Biotech
7.2.2 Power Generation
7.2.3 Healthcare sector
7.2.4 Food & Beverages
7.2.5 Oil & Gas
7.2.6 Chemicals
7.2.7 Water & Wastewater
7.2.8 Metals & Mining
7.2.9 Software industry
7.3 Discrete Industries
7.3.1 Railways
7.3.2 Aviation and Aerospace industry
7.3.3 Transportation sector
7.3.4 Electronics and Electricals industry
7.3.5 Energy and Utility sector
7.3.6 Automotive
7.3.7 Agriculture and Forestry

8 Global Functional Safety Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 ABB
10.2 GE
10.3 Yokogawa
10.4 Siemens Ag
10.5 Schneider Electric
10.6 Hima Paul
10.7 Omron
10.8 Honeywell
10.9 Emerson Electric
10.10 Rockwell
10.11 TUV SUD
10.12 Johnson Controls

List of Tables
Table 1 Global Functional Safety Market Outlook, By Region (2017-2027) (US $MN)
Table 2 Global Functional Safety Market Outlook, By System (2017-2027) (US $MN)
Table 3 Global Functional Safety Market Outlook, By Industrial Control Systems (2017-2027) (US $MN)
Table 4 Global Functional Safety Market Outlook, By Distributed Control System (DCS) (2017-2027) (US $MN)
Table 5 Global Functional Safety Market Outlook, By Supervisory Control and Data Acquisition (SCADA) Systems (2017-2027) (US $MN)
Table 6 Global Functional Safety Market Outlook, By Safety Instrumented Systems (SIS) (2017-2027) (US $MN)
Table 7 Global Functional Safety Market Outlook, By Fire & Gas Monitoring (2017-2027) (US $MN)
Table 8 Global Functional Safety Market Outlook, By Burner Management System (BMS) (2017-2027) (US $MN)
Table 9 Global Functional Safety Market Outlook, By Turbomachinery Control (TMC) (2017-2027) (US $MN)
Table 10 Global Functional Safety Market Outlook, By High Integrity Pressure Protection System (HIPPS) (2017-2027) (US $MN)
Table 11 Global Functional Safety Market Outlook, By Emergency Shutdown System (ESD) (2017-2027) (US $MN)
Table 12 Global Functional Safety Market Outlook, By Offering (2017-2027) (US $MN)
Table 13 Global Functional Safety Market Outlook, By Service (2017-2027) (US $MN)
Table 14 Global Functional Safety Market Outlook, By Testing, Inspection, and Certification (2017-2027) (US $MN)
Table 15 Global Functional Safety Market Outlook, By Maintenance (2017-2027) (US $MN)
Table 16 Global Functional Safety Market Outlook, By Training and Consulting (2017-2027) (US $MN)
Table 17 Global Functional Safety Market Outlook, By Component (2017-2027) (US $MN)
Table 18 Global Functional Safety Market Outlook, By Safety Switch (2017-2027) (US $MN)
Table 19 Global Functional Safety Market Outlook, By Programmable Safety System (2017-2027) (US $MN)
Table 20 Global Functional Safety Market Outlook, By Safety Sensor (2017-2027) (US $MN)
Table 21 Global Functional Safety Market Outlook, By Safety Controller/Module/Relay (2017-2027) (US $MN)
Table 22 Global Functional Safety Market Outlook, By Emergency Stop Device (2017-2027) (US $MN)
Table 23 Global Functional Safety Market Outlook, By Final Control Element (2017-2027) (US $MN)
Table 24 Global Functional Safety Market Outlook, By Application (2017-2027) (US $MN)
Table 25 Global Functional Safety Market Outlook, By Process Industry (2017-2027) (US $MN)
Table 26 Global Functional Safety Market Outlook, By Pharmaceutical and Biotech (2017-2027) (US $MN)
Table 27 Global Functional Safety Market Outlook, By Power Generation (2017-2027) (US $MN)
Table 28 Global Functional Safety Market Outlook, By Healthcare sector (2017-2027) (US $MN)
Table 29 Global Functional Safety Market Outlook, By Food & Beverages (2017-2027) (US $MN)
Table 30 Global Functional Safety Market Outlook, By Oil & Gas (2017-2027) (US $MN)
Table 31 Global Functional Safety Market Outlook, By Chemicals (2017-2027) (US $MN)
Table 32 Global Functional Safety Market Outlook, By Water & Wastewater (2017-2027) (US $MN)
Table 33 Global Functional Safety Market Outlook, By Metals & Mining (2017-2027) (US $MN)
Table 34 Global Functional Safety Market Outlook, By Software industry (2017-2027) (US $MN)
Table 35 Global Functional Safety Market Outlook, By Discrete Industries (2017-2027) (US $MN)
Table 36 Global Functional Safety Market Outlook, By Railways (2017-2027) (US $MN)
Table 37 Global Functional Safety Market Outlook, By Aviation and Aerospace industry (2017-2027) (US $MN)
Table 38 Global Functional Safety Market Outlook, By Transportation sector (2017-2027) (US $MN)
Table 39 Global Functional Safety Market Outlook, By Electronics and Electricals industry (2017-2027) (US $MN)
Table 40 Global Functional Safety Market Outlook, By Energy and Utility sector (2017-2027) (US $MN)
Table 41 Global Functional Safety Market Outlook, By Automotive (2017-2027) (US $MN)
Table 42 Global Functional Safety Market Outlook, By Agriculture and Forestry (2017-2027) (US $MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
  • ABB
  • GE
  • Yokogawa
  • Siemens Ag
  • Schneider Electric
  • Hima Paul
  • Omron
  • Honeywell
  • Emerson Electric
  • Rockwell
  • TUV SUD
  • Johnson Controls
Note: Product cover images may vary from those shown
Adroll
adroll