Functional Safety Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Size, Share & Trends, Drivers, Restraints, Opportunities, Manufacturer, Applications, And Segments

  • AMR-1066036
  • May 2021
  • Semiconductor and Electronics
  • 133 Pages
The Functional Safety market research report provides an in-depth analysis of the currents trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2018 and 2019 and also provides the forecast data from year 2020 to 2028 which is based on revenue (USD Million). With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Functional Safety market research report recommends a business strategy for present market participants to strengthen their position in the market.
 
Report Parameters Details of Parameter
Market Size xx Million
Based Year 2020
Forecast Period Covered 2020 – 2028
Units for value Revenue in USD million and CAGR from 2020 to 2028
Covered Segments Component, Types, Applications, End-Users, and more.
Companies Covered ABB, Emerson Electric, General Electric, HIMA Paul Hildebrandt GmbH, Honeywell, Omron, Rockwell, Schneider Electric, Siemens, Yogokawa Electric Corporation
Region Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

COVID-19 Impact Analysis
The analysis of covid-19 is based on the impact of the current pandemic situation on market scenarios. This includes impact of covid-19 outbreak on overall revenue, market segments as well as regional market. The report also puts light on detailed impact analysis by taking into consideration all the government policies imposed during the pandemic situation, temporary shutdown of manufacturing units, current state of supply chain and distributors, and its future impacts on the growth of overall market. The market study will assist user to understand the global demand and impose strategic business plans to compete with the peers.

Furthermore, the research report includes the detailed information about major players and provides the data regarding the current market scenario as well as upcoming market opportunities or challenges. Similarly, in segment report covers the types, and applications according to the countries and key regions. The research report consists the various drivers and restraints for Functional Safety market along with their effects over the forecast period. Similarly, according to the region Functional Safety market research report includes the study of opportunities available in the market situation.

The Functional Safety market research report provides the in-depth data analysis by using the various graphs, figures, charts, and tables. Furthermore, the report provides the different business challenges which are impacting market growth in all direction.

Major Key Players for Global Functional Safety Market:
The Functional Safety market research report offers the company profile of major key players including progress trends, competitive landscape breakdown, and key in regions development status. ABB, Emerson Electric, General Electric, HIMA Paul Hildebrandt GmbH, Honeywell, Omron, Rockwell, Schneider Electric, Siemens, Yogokawa Electric Corporation

Functional Safety Market Segmentation Analysis:
by Offering
Component
Service
System
Emergency Shutdown System
ESD
Turbo Machinery Control
TMC
Fire and Gas Monitoring
High Integrity Pressure Protection System
HIPPS
Burner Management System
BMS
End-user Industry
Oil and Gas
Chemicals
Power Generation
Pharmaceuticals
Food and Beverage
Others

Global Functional Safety Market Segmentation by Regions:
In regional analysis, Functional Safety market research report provides the detailed analysis from various regions and also contains the detailed analysis of country. Along with market revenue, market value report also offers the forecast analysis for the following countries and regions. Global Functional Safety market report covers the various geographical regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Also, various countries included are Canada, U.K., France, the U.S., Japan, China, India, and Germany and so on.

North America Region for Functional Safety Market: Value and Forecast
  • U.S.
  • Canada
 Europe Region for Functional Safety Market: Value and Forecast
  • UK
  • Germany
  • France
  • Rest of the Europe
 Asia Pacific Region for Functional Safety Market: Value and Forecast
  • China
  • Japan
  • India
  • Rest of the Asia Pacific
 Latin America Region for Functional Safety Market: Value and Forecast
  • Mexico
  • Brazil
  • Rest of the Latin America
 Middle East and Africa for Functional Safety Market: Value and Forecast
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa


Important Points Covered by Report:
  • To analyze the value of the Functional Safety market, according to the key region.
  • To study the Functional Safety market current trends, prospects and also their participation in the entire sector.
  • Report consists the in-depth information related to the region/countries, major key players, current trends and their analysis, product type, applications, and other background information
  • Report provides the detailed information about drivers, restraints and future scope of Functional Safety market.
  • Report covers the information about historic data analysis as well as forecast period analysis.

Global Functional Safety research report consist the information about overall sales and revenue during the historic and forecasted period of 2018 to 2028. Additionally, this report covers the inside and out factual examination and the market elements and requests which give an entire situation of the business.

Key Analytical Areas:
The report aims to offer a complete solution to various businesses operating in the Functional Safety market in making strategic decisions based on credible information and actionable insights. Thereby, the report covers various aspects of your requirements such as industry overview, market dynamics, regional analysis and competitive landscape. The report aims to provide insights to businesses in the Functional Safety market for numerous purposes such as:

    1. Strategic Decision Making:
With the help of this report, key decision makers can quickly analyze and identify growth opportunities in terms of numerous segments across various geographical regions. Thereby, this report enables organizations to identify and make strategic investments in specific market segments in order to gain maximum return on investment.

     2. Actionable Insights:
The report offers a deep dive into how companies are leveraging market conditions to make the most in the Functional Safety market. Thereby, the report offers numerous actionable insights into the best practices and key success factors relevant in the Functional Safety market. Using the insights included in the report, businesses can make quick decisions to achieve success in business operations.

     3. Competitive Snapshot:
In addition, to detailed information on the companies operating in the Functional Safety market, the report also includes a competitive snapshot of all the companies covered in the report. Thereby, this offers a visual representation of how all the companies stand comparatively based on their competencies, geographic presence, market hold, years of operations, employee and financial strength, among others.

Manufacturers and Segments

  • ABB
  • Emerson Electric
  • General Electric
  • HIMA Paul Hildebrandt GmbH
  • Honeywell
  • Omron
  • Rockwell
  • Schneider Electric
  • Siemens
  • Yogokawa Electric Corporation
  • Component
  • Service
  • Oil and Gas
  • Chemicals
  • Power Generation
  • Pharmaceuticals
  • Food and Beverage
  • Others

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1. Preface
     1.1. Report Scope and Description
     1.2. Research Methodology
          1.2.1. Phase I-Secondary Research
          1.2.2. Phase II-Primary Research
          1.2.3. Phase II-Expert Panel Review
          1.2.4. Assumptions
          1.2.5. Approach Adopted

2. Executive Summarysegment Form
     2.1. Global Functional Safety Market Snapshot
          2.1.1. Global Functional Safety Market By Offering,2019
               2.1.1.1.Component
               2.1.1.2.Service
          2.1.2. Global Functional Safety Market By End-user Industry,2019
               2.1.2.1.Oil and Gas
               2.1.2.2.Chemicals
               2.1.2.3.Power Generation
               2.1.2.4.Pharmaceuticals
               2.1.2.5.Food and Beverage
               2.1.2.6.Others
          2.1.3. Global Functional Safety Market By End-use,2019
          2.1.4. Global Functional Safety Market By Geography,2019

3. Global Functional Safety Market Dynamics
     3.1. Market Overview
     3.2. Market Inclination Insights Analysis
     3.3. Drivers
     3.4. Challenges
     3.5. Future Prospects
     3.6. Impact Analysis of Drivers and Challenges During the Forecast Period, (2020-2028)

4. Global Functional Safety Market Size (US$), By Offering, 2018 – 2028 
     4.1. Overview
          4.1.1. Market Share Analysis By Offering, 2019 vs.2028
          4.1.2. Attractive Investment Proposition By Offering, 2020
     4.2. Global Functional Safety Market Size (US$), By Offering, 2018 – 2028

5. Global Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028 
     5.1. Overview
          5.1.1. Market Share Analysis By End-user Industry, 2019 vs.2028
          5.1.2. Attractive Investment Proposition By End-user Industry, 2020
     5.2. Global Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028

6. Global Functional Safety Market Size (US$), By End-use, 2018 – 2028 
     6.1. Overview
          6.1.1. Market Share Analysis By End-use, 2019 vs.2028
          6.1.2. Attractive Investment Proposition By End-use, 2020
     6.2. Global Functional Safety Market Size (US$), By End-use, 2018 – 2028

7. Global Functional Safety Market Size (US$), By Geography, 2018 – 2028
     7.1. Overview
          7.1.1. Market Share Analysis by Geography, 2019 vs. 2028
          7.1.2. Attractive Investment Proposition by Geography, 2020
     7.2. North America Functional Safety Market Analysis, 2018 – 2028 
          7.2.1. North America Functional Safety Market Size (US$), By Country, 2018 – 2028 
               7.2.1.1. U.S.
               7.2.1.2. Canada
          7.2.2. North America Functional Safety Market Size (US$), By Offering, 2018 – 2028
          7.2.3. North America Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028
          7.2.4. North America Functional Safety Market Size (US$), By End-use, 2018 – 2028
     7.3. Europe Functional Safety Market Analysis, 2018 – 2028 
          7.3.1.  Europe Functional Safety Market Size (US$), By Country, 2018 – 2028 
               7.3.1.1. U.K.
               7.3.1.2. Germany
               7.3.1.3. France
               7.3.1.4. Rest of Europe
          7.3.2. Europe Functional Safety Market Size (US$), By Offering, 2018 – 2028
          7.3.3. Europe Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028
          7.3.4. Europe Functional Safety Market Size (US$), By End-use, 2018 – 2028
     7.4. Asia Pacific Functional Safety Market Analysis , 2018 – 2028
          7.4.1.  Asia Pacific Functional Safety Market Size (US$), By Country, 2018 – 2028 
               7.4.1.1. China
               7.4.1.2. Japan
               7.4.1.3. India
               7.4.1.4. Rest of Asia Pacific
          7.4.2. Asia Pacific Functional Safety Market Size (US$), By Offering, 2018 – 2028
          7.4.3. Asia Pacific Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028
          7.4.4. Asia Pacific Functional Safety Market Size (US$), By End-use, 2018 – 2028
     7.5. Latin America Functional Safety Market Analysis, 2018 – 2028 
          7.5.1.  Latin America Functional Safety Market Size (US$), By Country, 2018 – 2028 
               7.5.1.1. Brazil
               7.5.1.2. Mexico
               7.5.1.3. Rest of Latin America
          7.5.2. Latin America Functional Safety Market Size (US$), By Offering, 2018 – 2028
          7.5.3. Latin America Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028
          7.5.4. Latin America Functional Safety Market Size (US$), By End-use, 2018 – 2028
     7.6. Middle East & Africa (MEA) Functional Safety Market Analysis, 2018 – 2028 
          7.6.1.  MEA Functional Safety Market Size (US$), By Region, 2018 – 2028 
               7.6.1.1. GCC Countries
               7.6.1.2. South Africa
               7.6.1.3. Rest of MEA
          7.6.2. MEA Functional Safety Market Size (US$), By Offering, 2018 – 2028
          7.6.3. MEA Functional Safety Market Size (US$), By End-user Industry, 2018 – 2028
          7.6.4. MEA Functional Safety Market Size (US$), By End-use, 2018 – 2028

8. Company Profiles
     8.1. Competitive Analysis 
     8.2. Market Positioning of Key Vendors 
     8.3. Key Strategies adopted by the Leading Players
     8.4. Key Functional Safety Providers
        8.4.1 ABB
                8.4.1.1 Business Description
                8.4.1.2 ABB Geographic Operations
                8.4.1.3 ABB Financial Information
                8.4.1.4 ABB Product Positions/Portfolio
                8.4.1.5 ABB Key Developments
        8.4.2 Emerson Electric
                8.4.2.1 Business Description
                8.4.2.2 Emerson Electric Geographic Operations
                8.4.2.3 Emerson Electric Financial Information
                8.4.2.4 Emerson Electric Product Positions/Portfolio
                8.4.2.5 Emerson Electric Key Developments
        8.4.3 General Electric
                8.4.3.1 Business Description
                8.4.3.2 General Electric Geographic Operations
                8.4.3.3 General Electric Financial Information
                8.4.3.4 General Electric Product Positions/Portfolio
                8.4.3.5 General Electric Key Developments
        8.4.4 HIMA Paul Hildebrandt GmbH
                8.4.4.1 Business Description
                8.4.4.2 HIMA Paul Hildebrandt GmbH Geographic Operations
                8.4.4.3 HIMA Paul Hildebrandt GmbH Financial Information
                8.4.4.4 HIMA Paul Hildebrandt GmbH Product Positions/Portfolio
                8.4.4.5 HIMA Paul Hildebrandt GmbH Key Developments
        8.4.5 Honeywell
                8.4.5.1 Business Description
                8.4.5.2 Honeywell Geographic Operations
                8.4.5.3 Honeywell Financial Information
                8.4.5.4 Honeywell Product Positions/Portfolio
                8.4.5.5 Honeywell Key Developments
        8.4.6 Omron
                8.4.6.1 Business Description
                8.4.6.2 Omron Geographic Operations
                8.4.6.3 Omron Financial Information
                8.4.6.4 Omron Product Positions/Portfolio
                8.4.6.5 Omron Key Developments
        8.4.7 Rockwell
                8.4.7.1 Business Description
                8.4.7.2 Rockwell Geographic Operations
                8.4.7.3 Rockwell Financial Information
                8.4.7.4 Rockwell Product Positions/Portfolio
                8.4.7.5 Rockwell Key Developments
        8.4.8 Schneider Electric
                8.4.8.1 Business Description
                8.4.8.2 Schneider Electric Geographic Operations
                8.4.8.3 Schneider Electric Financial Information
                8.4.8.4 Schneider Electric Product Positions/Portfolio
                8.4.8.5 Schneider Electric Key Developments
        8.4.9 Siemens
                8.4.9.1 Business Description
                8.4.9.2 Siemens Geographic Operations
                8.4.9.3 Siemens Financial Information
                8.4.9.4 Siemens Product Positions/Portfolio
                8.4.9.5 Siemens Key Developments
        8.4.10 Yogokawa Electric Corporation
                8.4.10.1 Business Description
                8.4.10.2 Yogokawa Electric Corporation Geographic Operations
                8.4.10.3 Yogokawa Electric Corporation Financial Information
                8.4.10.4 Yogokawa Electric Corporation Product Positions/Portfolio
                8.4.10.5 Yogokawa Electric Corporation Key Developments

LIST OF TABLES

TABLE 1 Market Snapshot: Global Functional Safety Market 
TABLE 2 Impact Indicators 
TABLE 3 Impact Analysis of Drivers and Restraints 
TABLE 4 North America Functional Safety Market Revenue, By Offering, 2018 – 2028 (US$ Mn) 
TABLE 5 North America Functional Safety Market Revenue, By End-user Industry, 2018 – 2028 (US$ Mn) 
TABLE 6 North America Functional Safety Market Revenue, By End-use, 2018 – 2028 (US$ Mn) 
TABLE 7 Europe Functional Safety Market Revenue, By Offering, 2018 – 2028 (US$ Mn) 
TABLE 8 Europe Functional Safety Market Revenue, By End-user Industry, 2018 – 2028 (US$ Mn) 
TABLE 9 Europe Functional Safety Market Revenue, By End-use, 2018 – 2028 (US$ Mn) 
TABLE 10 Asia Pacific Functional Safety Market Revenue, By Offering, 2018 – 2028 (US$ Mn) 
TABLE 11 Asia Pacific Functional Safety Market Revenue, By End-user Industry, 2018 – 2028 (US$ Mn) 
TABLE 12 Asia Pacific Functional Safety Market Revenue, By End-use, 2018 – 2028 (US$ Mn) 
TABLE 13 Latin America Functional Safety Market Revenue, By Offering, 2018 – 2028 (US$ Mn) 
TABLE 14 Latin America Functional Safety Market Revenue, By End-user Industry, 2018 – 2028 (US$ Mn) 
TABLE 15 Latin America Functional Safety Market Revenue, By End-use, 2018 – 2028 (US$ Mn)
TABLE 16 MEA Functional Safety Market Revenue, By Offering, 2018 – 2028 (US$ Mn) 
TABLE 17 MEA Functional Safety Market Revenue, By End-user Industry, 2018 – 2028 (US$ Mn) 
TABLE 18 MEA Functional Safety Market Revenue, By End-use, 2018 – 2028 (US$ Mn)

LIST OF FIGURES

FIG. 1 Global Functional Safety: Market Segmentation 
FIG. 2 Global Functional Safety Market: Research Methodology 
FIG. 3 Top-Down and Bottom-up Approach 
FIG. 4 Global Functional Safety Market, By Offering, 2019 (US$ Mn) 
FIG. 5 Global Functional Safety Market, By End-user Industry, 2019 (US$ Mn) 
FIG. 6 Global Functional Safety Market, By End-use, 2019 (US$ Mn) 
FIG. 7 Global Functional Safety Market, By Geography, 2019 (US$ Mn) 
FIG. 8 Global Functional Safety Market Revenue and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 9 Attractive Investment Proposition 
FIG. 10 Market Positioning of Key Functional Safety Providers, 2019
FIG. 11 Global Functional Safety Market Revenue Contribution, By Offering, 2019 & 2028 (Value %) 
FIG. 12 Global Functional Safety Market Revenue Contribution, By End-user Industry, 2019 & 2028 (Value %) 
FIG. 13 Global Functional Safety Market Revenue Contribution, By End-use, 2019 & 2028 (Value %) 
FIG. 14 North America Functional Safety Market Revenue, 2018 – 2028, (US$ Mn) 
FIG. 15 Europe Functional Safety Market Revenue, 2018 – 2028, (US$ Mn) 
FIG. 16 Asia Pacific Functional Safety Market Revenue, 2018 – 2028, (US$ Mn) 
FIG. 17 Latin America Functional Safety Market Revenue, 2018 – 2028, (US$ Mn)
FIG. 18 MEA Functional Safety Market Revenue, 2018 – 2028, (US$ Mn)

Key Takeaways:

1. Market value and estimate of the Functional Safety market for the period from 2020 to 2028
2. Compounded annual growth rate (CAGR%) for individual segments in various regional markets for a period from 2020 to 2028
3. Value chain analysis
4. Market share study combined with competitive landscape of major players
5. Profiles of major market players covering overall business operations, geographic occurrence, product portfolio, financial status and news coverage 

List of Tables

TABLE  Market Snapshot: Global Functional Safety Market
TABLE  Impact Pointers
TABLE  Impact Analysis of Drivers and Restraints
TABLE  North America Functional Safety Market Value, By Segment1, 2018 – 2028
TABLE  North America Functional Safety Market Value, By Segment2, 2018 – 2028
TABLE  North America Functional Safety Market Value, By Country, 2018 – 2028
TABLE  Europe Functional Safety Market Value, By Segment1, 2018 – 2028
TABLE  Europe Functional Safety Market Value, By Segment2, 2018 – 2028
TABLE  Europe Functional Safety Market Value, By Country, 2018 – 2028
TABLE  Asia Pacific Functional Safety Market Value, By Segment1, 2018 – 2028
TABLE  Asia Pacific Functional Safety Market Value, By Segment2, 2018 – 2028
TABLE  Asia Pacific Functional Safety Market Value, By Country, 2018 – 2028
TABLE  Latin America Functional Safety Market Value, By Segment1, 2018 – 2028
TABLE  Latin America Functional Safety Market Value, By Segment2, 2018 – 2028
TABLE  Latin America Functional Safety Market Value, By Country, 2018 – 2028
TABLE  MEA Functional Safety Market Value, By Segment1, 2018 – 2028
TABLE  MEA Functional Safety Market Value, By Segment2, 2018 – 2028
TABLE  MEA Functional Safety Market Value, By Country, 2018 – 2028
TABLE  ABB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Emerson Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  General Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  HIMA Paul Hildebrandt GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Honeywell: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Omron: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Rockwell: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Schneider Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Siemens: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE  Yogokawa Electric Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
 

List of Figures

FIG.  Global Functional Safety Market: Research Methodology
FIG.  Top-Down and Bottom Up Approach
FIG.  Global Functional Safety Market, By Segment1, 2019 (US$ Mn)
FIG.  Global Functional Safety Market, By Segment2, 2019 (US$ Mn)
FIG.  Global Functional Safety Market, By Geography, 2019 (US$ Mn)
FIG.  Global Functional Safety Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG.  Attractive Investment Proposition
FIG.  Market Positioning of Key Functional Safety Providers, 2016
FIG.  Global Functional Safety Market Value Share, By Segment1, 2019 & 2028 (% Value)
FIG.  Global Service Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Functional Safety Market Value Share, By Segment2, 2019 & 2028 (% Value)
FIG.  Global Chemicals Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Power Generation Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Pharmaceuticals Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Food and Beverage Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Others Market Value, 2018 – 2028, (US$ Mn)
FIG.  Global Market Value, 2018 – 2028, (US$ Mn)
FIG.  U.S. Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Canada Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  UK Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Germany Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  France Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Rest of Europe Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  China Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Japan Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  India Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Rest of Asia Pacific Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Mexico Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Brazil Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Rest of Latin America Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  GCC Countries Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  South Africa Functional Safety Market Value, 2018 – 2028, (US$ Mn)
FIG.  Rest of MEA Functional Safety Market Value, 2018 – 2028, (US$ Mn)