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The functional safety market is expected to reach USD 7.14 billion by 2024, rising at a CAGR of 8.82% during the forecast period. The growth of the market is driven by stringent requirements for safety regulations, increasing demand for safety systems in the oil & gas industry, a high need for robust safety systems to ensure the security of staff and properties, and an increase in the industrial revolution 4.0.
1 Global Functional Safety Market
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Global Functional Safety Market – Executive Summary
3.1 Market Revenue, Market Size and Key Trends by Company
3.2 Key Trends by type of Application
3.3 Key Trends segmented by Geography
4 Global Functional Safety Market – Comparative Analysis
4.1 Product Benchmarking – Top 10 companies
4.2 Top 5 Financials Analysis
4.3 Market Value split by Top 10 companies
4.4 Patent Analysis – Top 10 companies
4.5 Pricing Analysis
5 Global Functional Safety Market – Industry Market Entry Scenario
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies
6 Global Functional Safety Market – Market Forces
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers
6.2.2 Opportunities
6.2.3 Challenges
6.3 Porters Analysis of Market
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7 Global Functional Safety Market – Strategic Analysis
7.1 Value Chain analysis
7.2 Product Life Cycle
7.3 Supplier and distributor analysis (Market share and product dealing strategies)
8 Global Functional Safety Market – By System (Market Size – & million/billion)
8.1 Emergency Shutdown System (ESD)
8.2 Fire & Gas Monitoring System
8.3 High Integrity Pressure Protection System (HIPPS)
8.4 Burner Management System (BMS)
8.5 Turbomachinery Control (TMC)
9 Global Functional Safety Market – By Offering
9.1 Service
9.2 Component
10 Global Functional Safety Market – By End-User
10.1 Oil & Gas
10.2 Power Generation
10.3 Chemicals
10.4 Food & Beverages
10.5 Water & Wastewater
10.6 Pharmaceuticals
10.7 Metal & Mining
10.8 Others
11 Global Functional Safety Market – By Geography (Market Size – & million/billion)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.2 Middle East
11.5.3 Africa
12 Global Functional Safety Market – Entropy
12.1 New product launches
12.2 M&A’s, collaborations, JVs and partnerships
13 Global Functional Safety Market Company Profile (Key Players)
13.1 Market Share, Company Revenue, Products, M&A, Developments
13.2 Schneider Electric
13.3 Honeywell
13.4 Yokogawa
13.5 ABB
13.6 Rockwell
13.7 Omron
13.8 Siemens Ag
13.9 Hima Paul
13.10 Emerson Electric
13.11 GE
13.12 Company 11 & more
14 Global Functional Safety Market – Appendix
14.1 Sources
14.2 Abbreviations
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Need Customized Report ?Call NowThe functional safety market is expected to reach USD 7.14 billion by 2024, rising at a CAGR of 8.82% during the forecast period. The growth of the market is driven by stringent requirements for safety regulations, increasing demand for safety systems in the oil & gas industry, a high need for robust safety systems to ensure the security of staff and properties, and an increase in the industrial revolution 4.0.
1 Global Functional Safety Market
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Global Functional Safety Market – Executive Summary
3.1 Market Revenue, Market Size and Key Trends by Company
3.2 Key Trends by type of Application
3.3 Key Trends segmented by Geography
4 Global Functional Safety Market – Comparative Analysis
4.1 Product Benchmarking – Top 10 companies
4.2 Top 5 Financials Analysis
4.3 Market Value split by Top 10 companies
4.4 Patent Analysis – Top 10 companies
4.5 Pricing Analysis
5 Global Functional Safety Market – Industry Market Entry Scenario
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies
6 Global Functional Safety Market – Market Forces
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers
6.2.2 Opportunities
6.2.3 Challenges
6.3 Porters Analysis of Market
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7 Global Functional Safety Market – Strategic Analysis
7.1 Value Chain analysis
7.2 Product Life Cycle
7.3 Supplier and distributor analysis (Market share and product dealing strategies)
8 Global Functional Safety Market – By System (Market Size – & million/billion)
8.1 Emergency Shutdown System (ESD)
8.2 Fire & Gas Monitoring System
8.3 High Integrity Pressure Protection System (HIPPS)
8.4 Burner Management System (BMS)
8.5 Turbomachinery Control (TMC)
9 Global Functional Safety Market – By Offering
9.1 Service
9.2 Component
10 Global Functional Safety Market – By End-User
10.1 Oil & Gas
10.2 Power Generation
10.3 Chemicals
10.4 Food & Beverages
10.5 Water & Wastewater
10.6 Pharmaceuticals
10.7 Metal & Mining
10.8 Others
11 Global Functional Safety Market – By Geography (Market Size – & million/billion)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.2 Middle East
11.5.3 Africa
12 Global Functional Safety Market – Entropy
12.1 New product launches
12.2 M&A’s, collaborations, JVs and partnerships
13 Global Functional Safety Market Company Profile (Key Players)
13.1 Market Share, Company Revenue, Products, M&A, Developments
13.2 Schneider Electric
13.3 Honeywell
13.4 Yokogawa
13.5 ABB
13.6 Rockwell
13.7 Omron
13.8 Siemens Ag
13.9 Hima Paul
13.10 Emerson Electric
13.11 GE
13.12 Company 11 & more
14 Global Functional Safety Market – Appendix
14.1 Sources
14.2 Abbreviations
