Functional Safety Market by Offering (Component (Safety Sensor, Programmable Safety System, Final Control Element), Services), System (ESD, TMC, F&G, HIPPS, BMS), Industry (Oil & Gas, Chemicals, Power Generation), and Region - Global Forecast to 2024

Functional Safety Market by Offering (Component (Safety Sensor, Programmable Safety System, Final Control Element), Services), System (ESD, TMC, F&G, HIPPS, BMS), Industry (Oil & Gas, Chemicals, Power Generation), and Region - Global Forecast to 2024

“Functional safety market to exhibit significant growth during 2019–2024”
The functional safety market is estimated to grow from USD 4.6 billion in 2019 to USD 7.1 billion by 2024, at a CAGR of 8.8%. The key factors driving the market’s growth include strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, and rise in industrial revolution 4.0. However, high investment required for installing functional safety systems and lack of awareness and complexity of standards will likely restrain the growth.

“Market for fire & gas monitoring systems to grow at highest CAGR during forecast period“
The fire and gas monitoring system market is estimated to grow at the highest CAGR from 2019 to 2024. Fire and gas safety systems continuously monitor fire or combustible/toxic gas leakages and provide early warning to prevent escalations. By implementing functional safety-certified fire and gas systems, plants can meet their safety and critical infrastructure protection requirements. The IEC 61511 and ANSI/ISA standards are increasingly being followed in various process industries, thereby contributing to the high growth of the market for fire & gas systems.

“Oil & gas industry to hold major share of functional safety market during forecast period”
The oil & gas industry is expected to hold the majority market share from 2019 to 2024. The oil & gas industry faces different types of risks and hazards, thereby giving rise to serious accidents that might have an adverse impact on people, assets, and environment. In avoiding such incidents, functional safety becomes a matter of utmost importance. Various safety instrumented systems are used in the oil & gas industry. For instance, ESDs are used to minimize the consequences of emergencies by shutting down systems and equipment and isolating hydrocarbon inventories, electrical equipment, and emergency ventilation control. Further, HIPPS are used to safeguard pipelines, vessels, and process packages against overpressure.

“Europe to be largest market for functional safety systems during forecast period”
Europe is expected to lead the global functional safety market, in terms of size, from 2019 to 2024. The functional safety and functional safety requirements are stringent in Europe; these regulatory standards and safety directives in the region are driving the growth of the market for functional safety in Europe. A few key market players, such as ABB (Switzerland), Omron (Japan), and Siemens (Germany), offer safety solutions and services to manufacturing companies in Europe.

Break-up of primary participants’ profile:
By Company Type – Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
By Designation – C-level = 47%, Director-level = 31%, and Manager-level = 22%
By Region – North America = 44%, Europe =25%, APAC = 21%, South America = 5%, and MEA = 5%

The key players in the market include Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Hima Paul (US), Omron (Japan), Siemens (Germany), and Others.

The global functional safety market is segmented into offering, system, industry, and geography. The market, by system, is segmented into emergency shutdown system (ESD), fire & gas monitoring system, high integrity pressure protection system (HIPPS), burner management system (BMS), and turbomachinery control (TMC). Based on offering, the functional safety market has been split into component and service. The industries studied in the report include oil & gas, power generation, chemicals, food & beverages, pharmaceuticals, metal & mining, water & wastewater, and others. The functional safety market is segmented into 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to buy the report:
Illustrative segmentation, analysis, and forecast for markets based on offering, system, industry, and geography have been conducted to give an overall view of the functional safety market.
A value chain analysis has been performed to provide an in-depth insight into the functional safety market.
Major drivers, restraints, opportunities, and challenges for the functional safety market have been detailed in this report.
The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenues of key players.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY & PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN FUNCTIONAL SAFETY MARKET
    • FUNCTIONAL SAFETY MARKET, BY SYSTEM
    • FUNCTIONAL SAFETY MARKET, BY COMPONENT
    • FUNCTIONAL SAFETY MARKET, BY SERVICE
    • FUNCTIONAL SAFETY MARKET, BY OFFERING
    • FUNCTIONAL SAFETY MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SAFETY INTEGRITY LEVEL (SIL)
      • FUNCTIONAL SAFETY STANDARDS
      • ADOPTION OF DIFFERENT TECHNOLOGIES IN FUNCTIONAL SAFETY
    • PROCESS FLOW ANALYSIS OF FUNCTIONAL SAFETY
  • FUNCTIONAL SAFETY MARKET, BY SYSTEM
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2017–2024 (USD MILLION)
    • EMERGENCY SHUTDOWN SYSTEM (ESD)
      • EMERGENCY SHUTDOWN SYSTEMS HELD LARGEST SIZE OF FUNCTIONAL SAFETY MARKET IN 2018
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY SERVICE, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR POWER GENERATION, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR CHEMICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR PHARMACEUTICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR METALS AND MINING, BY REGION, 2017–2024 (USD MILLION)
        • Table EMERGENCY SHUTDOWN SYSTEM MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
    • FIRE & GAS MONITORING
      • FIRE AND GAS MONITORING SYSTEM MAINLY USED TO PREVENT AND LOWER AFTER-EFFECTS OF FIRE ACCIDENTS
        • Table FIRE & GAS MONITORING MARKET, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET, BY SERVICE, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR POWER GENERATION, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR CHEMICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR PHARMACEUTICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR METALS & MINING, BY REGION, 2017–2024 (USD MILLION)
        • Table FIRE & GAS MONITORING MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
    • HIGH INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS)
      • RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS TRIGGERS HIPPS MARKET GROWTH
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET, BY OFFERING, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET, BY SERVICE, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR POWER GENERATION, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR CHEMICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR PHARMACEUTICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR METALS & MINING, BY REGION, 2017–2024 (USD MILLION)
        • Table HIGH INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
    • BURNER MANAGEMENT SYSTEM (BMS)
      • BMS HELPS IN RELIABLE MONITORING, OPERATIONS, AND MAINTENANCE OF ALL ASSETS IN PLANTS
        • Table BURNER MANAGEMENT SYSTEM MARKET, BY OFFERING, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET, BY SERVICE, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR POWER GENERATION, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR CHEMICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR PHARMACEUTICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR METALS & MINING, BY REGION, 2017–2024 (USD MILLION)
        • Table BURNER MANAGEMENT SYSTEM MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
    • TURBOMACHINERY CONTROL (TMC)
      • TMC PROVIDES TIGHT CONTROL OVER THE SPEED OF STEAM, HYDRO, AND GAS TURBINES
        • Table TURBOMACHINERY CONTROL MARKET, BY OFFERING, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET, BY SERVICE, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR POWER GENERATION, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR CHEMICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR WATER & WASTEWATER, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR PHARMACEUTICALS, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR METALS & MINING, BY REGION, 2017–2024 (USD MILLION)
        • Table TURBOMACHINERY CONTROL MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
  • FUNCTIONAL SAFETY MARKET, BY OFFERING
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY OFFERING, 2017–2024 (USD MILLION)
    • COMPONENT
      • Table FUNCTIONAL SAFETY MARKET, BY COMPONENT, 2017–2024 (USD MILLION)
      • SAFETY SENSOR
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY INDUSTRY, 2017–2024 (USD MILLION)
      • PROGRAMMABLE SAFETY SYSTEM
        • Table FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS, BY INDUSTRY, 2017–2024 (USD MILLION)
      • SAFETY CONTROLLER/MODULE/RELAY
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY SYSTEM, 2017–2024 (USD MILLION)
      • SAFETY SWITCH
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY SYSTEM, 2017–2024 (USD MILLION)
      • EMERGENCY STOP DEVICE
        • Table THREE COMMON TYPES OF EMERGENCY STOP DEVICES
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY SYSTEM, 2017–2024 (USD MILLION)
      • FINAL CONTROL ELEMENT
        • Table FUNCTIONAL SAFETY MARKET FOR FINAL CONTROL ELEMENTS, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FINAL CONTROL ELEMENTS, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FINAL CONTROL ELEMENTS, BY SYSTEM, 2017–2024 (USD MILLION)
      • OTHERS
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY INDUSTRY, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2017–2024 (USD MILLION)
    • SERVICE
      • Table FUNCTIONAL SAFETY MARKET, BY SERVICE, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET FOR SERVICES, BY REGION, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET FOR SERVICES, BY INDUSTRY, 2017–2024 (USD MILLION)
      • TESTING, INSPECTION, AND CERTIFICATION
        • Table FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY SYSTEM, 2017–2024 (USD MILLION)
      • MAINTENANCE
        • Table FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY SYSTEM, 2017–2024 (USD MILLION)
      • TRAINING AND CONSULTING
        • Table FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY REGION, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY SYSTEM, 2017–2024 (USD MILLION)
  • FUNCTIONAL SAFETY MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2017–2024 (USD MILLION)
    • OIL & GAS
      • OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • FOOD & BEVERAGES
      • FOOD & BEVERAGES INDUSTRY EMPLOY FUNCTIONAL SAFETY OWING TO REGULATORY ISSUES
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • PHARMACEUTICALS
      • PHARMACEUTICAL COMPANIES IMPLEMENT FUNCTIONAL SAFETY TO PREVENT POTENTIAL HAZARDS
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • CHEMICALS
      • DEMAND FOR SAFETY AND RELIABILITY IN CHEMICALS INDUSTRY PROPELS GROWTH FOR FUNCTIONAL SAFETY MARKET
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • POWER GENERATION
      • POWER GENERATION INDUSTRY USES FUNCTIONAL SAFETY FOR PROTECTING PLANTS FROM HAZARD
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • METALS & MINING
      • FUNCTIONAL SAFETY SYSTEM HELPS ENSURE EFFICIENT AND SAFE PRODUCTION IN METALS & MINING INDUSTRY
        • Table FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • WATER & WASTEWATER
      • FUNCTIONAL SAFETY HELPS IN IMPROVING OPERATIONAL EFFICIENCY AND SAVING OPERATIONAL COSTS OF WATER & WASTEWATER TREATMENT PLANTS
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY OFFERING, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SYSTEM, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY COMPONENT, 2017–2024 (USD MILLION)
        • Table FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SERVICE, 2017–2024 (USD MILLION)
    • OTHERS
      • Table FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY OFFERING, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SYSTEM, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SERVICE, 2017–2024 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table FUNCTIONAL SAFETY MARKET, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY OFFERING, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SERVICE, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COMPONENT, 2017–2024 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY OFFERING, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN EUROPE, BY COMPONENT, 2017–2024 (USD MILLION)
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table FUNCTIONAL SAFETY MARKET IN APAC, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN APAC, BY SYSTEM, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN APAC, BY OFFERING, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN APAC, BY SERVICE, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN APAC, BY COMPONENT, 2017–2024 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF APAC
    • ROW
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY REGION, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY OFFERING, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY SERVICE, 2017–2024 (USD MILLION)
      • Table FUNCTIONAL SAFETY MARKET IN ROW, BY COMPONENT, 2017–2024 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST & AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: FUNCTIONAL SAFETY MARKET
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARIES
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
    • COMPETITIVE SITUATION & TRENDS
      • CONTRACTS, AGREEMENTS, AND PARTNERSHIPS
        • Table CONTRACTS, AGREEMENTS AND PARTNERSHIPS, JOINT VENTURES, 2017–2019
      • PRODUCT LAUNCHES & DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2019
      • ACQUISITIONS
        • Table ACQUISITIONS, 2017–2018
  • COMPANY PROFILES
    • KEY PLAYERS
      • SCHNEIDER ELECTRIC
      • HONEYWELL
      • ABB
      • ROCKWELL
      • HIMA PAUL
      • YOKOGAWA
      • EMERSON ELECTRIC
      • GE
      • OMRON
      • SIEMENS AG
    • RIGHT TO WIN
    • OTHER KEY PLAYERS
      • JOHNSON CONTROLS
      • BALLUFF GMBH
      • MOGAS INDUSTRIES
      • PIETRO FIORENTINI (ARVAN SRL)
      • FRAMES GROUP
      • SCHLUMBERGER
      • INTERTEK
      • DEKRA SE
      • TÜV SÜD
      • TUV RHEINLAND
      • SGS GROUP
      • EXIDA
      • VELAN INC
      • PALADON SYSTEMS LTD.
      • PROSERV INGENIOUS SIMPLICITY
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE—FUNCTIONAL SAFETY MARKET
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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