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Global Functional Safety Market Analysis & Trends - Industry Forecast to 2025

Global Functional Safety Market Analysis & Trends - Industry Forecast to 2025

The Global Functional Safety market is poised to grow at a CAGR of around 7.9% over the next decade to reach approximately $432.88 billion by 2025. Some of the prominent trends the market is observing include huge demand of smart phones and devices, rise in demand for computer, web and mobile apps in the market, broader scope in improving, establishing and managing the mobile app lifecycle, developments in adoption of safety systems in power generation plants and growth of functional safety in pharmaceuticals and biotech sectors.

On the basis of Devices, the Functional Safety market is segmented into safety sensors safety switches, safety controllers/modules/relays, programmable safety systems, emergency stop devices and final control elements. The final control elements are sub divided into Valves and Actuators.

Based on System, the Functional Safety market is divided into safety instrumented systems and industrial control systems. The safety instrumented systems is segmented into emergency shutdown systems (ESD), fire & gas monitoring control, turbo machinery control (TMC), burner management systems (BMS) and high-integrity pressure protection systems (HIPPS). The industrial control systems are also segmented into supervisory control and data acquisition (SCADA) Systems and distributed control systems (DCS).

Depending on applications, the functional safety market is classified into process industry and discrete industry. Further the process industry is sub classified by Oil & Gas, Power Generation, Chemicals, Food & Beverages, Water & Wastewater, Pharmaceuticals, Biotech and other applications. The discrete industry is also sub classified by Automotive, Railways and Medical.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- Africa
- Caribbean

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2025, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments


1 Market Outline
1.1 Research Methodology
1.1.1 Research Approach & Sources
1.2 Market Trends
1.3 Regulatory Factors
1.5 Application Analysis
1.6 End User Analysis
1.7 Strategic Benchmarking
1.8 Opportunity Analysis
2 Executive Summary
3 Market Overview
3.1 Current Trends
3.1.1 Huge demand of smart phones and devices
3.1.2 Rise in demand for computer, web and mobile apps in the market
3.1.3 Broader scope in improving, establishing and managing the mobile app lifecycle
3.1.4 Developments in adoption of safety systems in power generation plants
3.1.5 Growth of functional safety in Pharmaceuticals and Biotech sectors
3.2 Drivers
3.3 Constraints
3.4 Industry Attractiveness
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Threat of new entrants
3.4.5 Competitive rivalry
4 Global
Functional Safety Market, By Device
4.1 Safety Sensors
4.1.1 Safety Sensors Market Forecast to 2025 (US$ MN)
4.2 Safety Switches
4.2.1 Safety Switches Market Forecast to 2025 (US$ MN)
4.3 Safety Controllers/Modules/Relays
4.3.1 Safety Controllers/Modules/Relays Market Forecast to 2025 (US$ MN)
4.4 Programmable Safety Systems
4.4.1 Programmable Safety Systems Market Forecast to 2025 (US$ MN)
4.5 Emergency Stop Devices
4.5.1 Emergency Stop Devices Market Forecast to 2025 (US$ MN)
4.6 Final Control Elements
4.6.1 Final Control Elements Market Forecast to 2025 (US$ MN)
4.6.1 Valves
4.6.1.1 Valves Market Forecast to 2025 (US$ MN)
4.6.2 Actuators
4.6.2.1 Actuators Market Forecast to 2025 (US$ MN)
4.7 Other Devices
4.7.1 Other Devices Market Forecast to 2025 (US$ MN)
5 Global Functional Safety Market, By Application
5.1 Process Industry
5.1.1 Process Industry Market Forecast to 2025 (US$ MN)
5.1.1.1 Oil & Gas
5.1.1.1.1 Oil & Gas Market Forecast to 2025 (US$ MN)
5.1.2.1 Power Generation
5.1.2.1.1 Power Generation Market Forecast to 2025 (US$ MN)
5.1.3.1 Chemical
5.1.3.1.1 Chemical Market Forecast to 2025 (US$ MN)
5.1.4.1 Food and Beverages
5.1.4.1.1 Food and Beverages Market Forecast to 2025 (US$ MN)
5.1.5.1 Water and Wastewater
5.1.5.1.1 Water and Wastewater Market Forecast to 2025 (US$ MN)
5.1.6.1 Pharmaceutical and Biotech
5.1.6.1.1 Pharmaceutical and Biotech Market Forecast to 2025 (US$ MN)
5.1.7.1 Metal & Mining
5.1.7.1.1 Metal & Mining Market Forecast to 2025 (US$ MN)
5.2 Discrete Industries
5.2.1 Discrete Industries Market Forecast to 2025 (US$ MN)
5.2.1.1 Automotive
5.2.1.1.1 Automotive Market Forecast to 2025 (US$ MN)
5.2.1.2 Railways
5.2.1.2.1 Railways Market Forecast to 2025 (US$ MN)
5.2.1.3 Medical
5.2.1.3.1 Medical Market Forecast to 2025 (US$ MN)
5.2.1.4 Other Applications
5.2.1.4.1 Other Applications Market Forecast to 2025 (US$ MN)
6 Global Functional Safety Market, By System
6.1 Safety Instrumented Systems
6.1.1 Safety Instrumented Systems Market Forecast to 2025 (US$ MN)
6.1.1.1 Emergency Shutdown Systems (ESD)
6.1.1.1.1 Emergency Shutdown Systems (ESD) Market Forecast to 2025 (US$ MN)
6.1.1.2 Turbo machinery Control (TMC)
6.1.1.2.1 Turbo machinery Control (TMC) Market Forecast to 2025 (US$ MN)
6.1.1.3 Fire & Gas Monitoring Control
6.1.1.3.1 Fire & Gas Monitoring Control Market Forecast to 2025 (US$ MN)
6.1.1.4 Burner Management Systems (BMS)
6.1.1.4.1 Burner Management Systems (BMS) Market Forecast to 2025 (US$ MN)
6.1.1.5 High-Integrity Pressure Protection Systems (HIPPS)
6.1.1.5.1 High-Integrity Pressure Protection Systems (HIPPS) Market Forecast to 2025 (US$ MN)
6.2 Industrial Control Systems
6.2.1 Industrial Control Systems Market Forecast to 2025 (US$ MN)
6.2.1 Distributed Control Systems (DCS)
6.2.1.1 Distributed Control Systems (DCS) Market Forecast to 2025 (US$ MN)
6.2.2 Supervisory Control And Data Acquisition ( Functional Safety ) Systems
6.2.2.1 Supervisory Control And Data Acquisition ( Functional Safety ) Systems Market Forecast to 2025 (US$ MN)
7 Global Functional Safety Market, By Geography
7.1 North America
7.1.1 North America Market Forecast by Countries to 2025 (US$ MN)
7.1.1.1 US
7.1.1.2 Canada
7.1.1.3 Mexico
7.2 Europe
7.2.1 Europe Market Forecast by Countries to 2025 (US$ MN)
7.2.1.1 Germany
7.2.1.2 U.K.
7.2.1.3 Italy
7.2.1.4 France
7.2.1.5 Spain
7.2.1.6 Rest of Europe
7.3 Asia Pacific
7.3.1 Asia Pacific Market Forecast by Countries to 2025 (US$ MN)
7.3.1.1 Japan
7.3.1.2 China
7.3.1.3 India
7.3.1.4 Australia
7.3.1.5 New Zealand
7.3.1.6 Rest of APAC
7.4 Middle East
7.4.1 Middle East Market Forecast by Countries to 2025 (US$ MN)
7.4.1.1 Saudi Arabia
7.4.1.2 UAE
7.4.1.3 Rest of Middle East
7.5 Latin America
7.5.1 Latin America Market Forecast by Countries to 2025 (US$ MN)
7.5.1.1 Argentina
7.5.1.2 Brazil
7.5.1.3 Rest of Latin America
7.6 Rest of the World (RoW)
7.6.1 RoW Market Forecast by Countries to 2025 (US$ MN)
7.6.1.1 Africa
7.6.1.2 Caribbean
8 Key Player Activities
8.1 Mergers & Acquisitions
8.2 Partnerships, Joint Venture’s, Collaborations and Agreements
8.3 Product Launch & Expansions
8.4 Other Activities
9 Leading Companies
9.1 ABB Ltd.
9.2 Siemens AG
9.3 Rockwell Automation, Inc.
9.4 Emerson Electric Co.
9.5 Honeywell International Inc.
9.6 Endress+Hauser Management AG
9.7 Omron Corporation
9.8 Hima Paul Hildebrandt GmbH + Co Kg
9.9 Yokogawa Electric Corporation
9.10 General Electric Co.
9.11 TUV Rheiland AG
9.12 Balluf Inc.
9.13 Mangan Software Solutions
9.14 Schneider Electric SE
9.15 Intel Corporation
List of Tables
Table 1 Global Functional Safety
Market By Region, Market Forecast (2014-2025) (US $MN)
Table 2 Global Functional Safety Market By Device, Market Forecast (2014-2025) (US $MN)
Table 3 Global Functional Safety Market By Safety Sensors, Market Forecast (2014-2025) (US $MN)
Table 4 Global Functional Safety Market By Safety Switches, Market Forecast (2014-2025) (US $MN)
Table 5 Global Functional Safety Market By Safety Controllers/Modules/Relays, Market Forecast (2014-2025) (US $MN)
Table 6 Global Functional Safety Market By Programmable Safety Systems, Market Forecast (2014-2025) (US $MN)
Table 7 Global Functional Safety Market By Emergency Stop Devices, Market Forecast (2014-2025) (US $MN)
Table 8 Global Functional Safety Market By Final Control Elements, Market Forecast (2014-2025) (US $MN)
Table 9 Global Functional Safety Market By Valves, Market Forecast (2014-2025) (US $MN)
Table 10 Global Functional Safety Market By Actuators, Market Forecast (2014-2025) (US $MN)
Table 11 Global Functional Safety Market By Other Devices, Market Forecast (2014-2025) (US $MN)
Table 12 Global Functional Safety Market By Application, Market Forecast (2014-2025) (US $MN)
Table 13 Global Functional Safety Market By Process Industry, Market Forecast (2014-2025) (US $MN)
Table 14 Global Functional Safety Market By Oil & Gas, Market Forecast (2014-2025) (US $MN)
Table 15 Global Functional Safety Market By Power Generation, Market Forecast (2014-2025) (US $MN)
Table 16 Global Functional Safety Market By Chemical, Market Forecast (2014-2025) (US $MN)
Table 17 Global Functional Safety Market By Food and Beverages, Market Forecast (2014-2025) (US $MN)
Table 18 Global Functional Safety Market By Water and Wastewater, Market Forecast (2014-2025) (US $MN)
Table 19 Global Functional Safety Market By Pharmaceutical and Biotech, Market Forecast (2014-2025) (US $MN)
Table 20 Global Functional Safety Market By Metal & Mining, Market Forecast (2014-2025) (US $MN)
Table 21 Global Functional Safety Market By Discrete Industries, Market Forecast (2014-2025) (US $MN)
Table 22 Global Functional Safety Market By Automotive, Market Forecast (2014-2025) (US $MN)
Table 23 Global Functional Safety Market By Railways, Market Forecast (2014-2025) (US $MN)
Table 24 Global Functional Safety Market By Medical, Market Forecast (2014-2025) (US $MN)
Table 25 Global Functional Safety Market By System, Market Forecast (2014-2025) (US $MN)
Table 26 Global Functional Safety Market By Safety Instrumented Systems, Market Forecast (2014-2025) (US $MN)
Table 27 Global Functional Safety Market By Emergency Shutdown Systems (ESD), Market Forecast (2014-2025) (US $MN)
Table 28 Global Functional Safety Market By Turbo machinery Control (TMC), Market Forecast (2014-2025) (US $MN)
Table 29 Global Functional Safety Market By Fire & Gas Monitoring Control, Market Forecast (2014-2025) (US $MN)
Table 30 Global Functional Safety Market By Burner Management Systems (BMS), Market Forecast (2014-2025) (US $MN)
Table 31 Global Functional Safety Market By High-Integrity Pressure Protection Systems (HIPPS), Market Forecast (2014-2025) (US $MN)
Table 32 Global Functional Safety Market By Industrial Control Systems, Market Forecast (2014-2025) (US $MN)
Table 33 Global Functional Safety Market By Distributed Control Systems (DCS), Market Forecast (2014-2025) (US $MN)
Table 34 Global Functional Safety Market By Supervisory Control And Data Acquisition ( Functional Safety ) Systems, Market Forecast (2014-2025) (US $MN)
Note: Regional tables for North America, Europe, Asia Pacific, Middle East, Latin America and RoW are presented in similar manner as the above

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