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Functional Safety-Global Market Insights and Sales Trends 2025

Functional Safety-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1841529

No of Pages : 101

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Synopsis
The key factors driving the growth of the this market include mandatory functional safety standards and government policies, rising emphasis on proactive functional safety systems, and increasing demand for safety instrumented systems in the chemical and oil & gas industries.

The global Functional Safety market size is expected to reach US$ 11160 million by 2029, growing at a CAGR of 8.5% from 2023 to 2029. The market is mainly driven by the significant applications of Functional Safety in various end use industries.

The expanding demands from the Chemical, Food And Drink, Water And Sewage and Pharmaceuticals, are propelling Functional Safety market. Emergency shutdown System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Turbomachinery Control segment is estimated at % CAGR for the next seven-year period.
Safety sensors to hold the largest share of the functional safety.

Report Objectives

This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Functional Safety, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Functional Safety market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Functional Safety market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Functional Safety sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Functional Safety covered in this report include Siemens, ABB, Honeywell, General Electric, Schneider Electric, Rockwell Automation, Emerson Electric, Honeywell International and HIMA Paul Hildebrandt, etc.
The global Functional Safety market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
 

Market Segmentation
Company Profiles:

  • Siemens
  • ABB
  • Honeywell
  • General Electric
  • Schneider Electric
  • Rockwell Automation
  • Emerson Electric
  • Honeywell International
  • HIMA Paul Hildebrandt
  • Endress+Hauser Management
  • TUV Rheinland
  • Omron
  • Yokogawa Electric
  • DEKRA

Global Functional Safety market, by region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, etc.)
  • Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
  • South America (Brazil, etc.)
  • Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Functional Safety market, Segment by Type:

  • Emergency shutdown System
  • Turbomachinery Control
  • Fire and Gas Monitoring Control
  • High Integrity Pressure Protection Systems
  • Battery Management Systems
  • Supervisory Control and Data Acquisition
  • Distributed Control Systems

Global Functional Safety market, by Application

  • Chemical
  • Food And Drink
  • Water And Sewage
  • Pharmaceuticals
  • Biotechnology
  • Metals & Mining
  • Other

Core Chapters

Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Functional Safety companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion

Index

1 Market Overview of Functional Safety
1.1 Functional Safety Market Overview
1.1.1 Functional Safety Product Scope
1.1.2 Functional Safety Market Status and Outlook
1.2 Global Functional Safety Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Functional Safety Market Size by Region (2018-2029)
1.4 Global Functional Safety Historic Market Size by Region (2018-2023)
1.5 Global Functional Safety Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Functional Safety Market Size (2018-2029)
1.6.1 North America Functional Safety Market Size (2018-2029)
1.6.2 Europe Functional Safety Market Size (2018-2029)
1.6.3 Asia-Pacific Functional Safety Market Size (2018-2029)
1.6.4 Latin America Functional Safety Market Size (2018-2029)
1.6.5 Middle East & Africa Functional Safety Market Size (2018-2029)
2 Functional Safety Market by Type
2.1 Introduction
2.1.1 Emergency shutdown System
2.1.2 Turbomachinery Control
2.1.3 Fire and Gas Monitoring Control
2.1.4 High Integrity Pressure Protection Systems
2.1.5 Battery Management Systems
2.1.6 Supervisory Control and Data Acquisition
2.1.7 Distributed Control Systems
2.2 Global Functional Safety Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Functional Safety Historic Market Size by Type (2018-2023)
2.2.2 Global Functional Safety Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Functional Safety Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Functional Safety Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Functional Safety Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Functional Safety Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Functional Safety Revenue Breakdown by Type (2018-2029)
3 Functional Safety Market Overview by Application
3.1 Introduction
3.1.1 Chemical
3.1.2 Food And Drink
3.1.3 Water And Sewage
3.1.4 Pharmaceuticals
3.1.5 Biotechnology
3.1.6 Metals & Mining
3.1.7 Other
3.2 Global Functional Safety Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Functional Safety Historic Market Size by Application (2018-2023)
3.2.2 Global Functional Safety Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Functional Safety Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Functional Safety Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Functional Safety Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Functional Safety Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Functional Safety Revenue Breakdown by Application (2018-2029)
4 Functional Safety Competition Analysis by Players
4.1 Global Functional Safety Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Functional Safety as of 2022)
4.3 Date of Key Players Enter into Functional Safety Market
4.4 Global Top Players Functional Safety Headquarters and Area Served
4.5 Key Players Functional Safety Product Solution and Service
4.6 Competitive Status
4.6.1 Functional Safety Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Siemens
5.1.1 Siemens Profile
5.1.2 Siemens Main Business
5.1.3 Siemens Functional Safety Products, Services and Solutions
5.1.4 Siemens Functional Safety Revenue (US$ Million) & (2018-2023)
5.1.5 Siemens Recent Developments
5.2 ABB
5.2.1 ABB Profile
5.2.2 ABB Main Business
5.2.3 ABB Functional Safety Products, Services and Solutions
5.2.4 ABB Functional Safety Revenue (US$ Million) & (2018-2023)
5.2.5 ABB Recent Developments
5.3 Honeywell
5.3.1 Honeywell Profile
5.3.2 Honeywell Main Business
5.3.3 Honeywell Functional Safety Products, Services and Solutions
5.3.4 Honeywell Functional Safety Revenue (US$ Million) & (2018-2023)
5.3.5 General Electric Recent Developments
5.4 General Electric
5.4.1 General Electric Profile
5.4.2 General Electric Main Business
5.4.3 General Electric Functional Safety Products, Services and Solutions
5.4.4 General Electric Functional Safety Revenue (US$ Million) & (2018-2023)
5.4.5 General Electric Recent Developments
5.5 Schneider Electric
5.5.1 Schneider Electric Profile
5.5.2 Schneider Electric Main Business
5.5.3 Schneider Electric Functional Safety Products, Services and Solutions
5.5.4 Schneider Electric Functional Safety Revenue (US$ Million) & (2018-2023)
5.5.5 Schneider Electric Recent Developments
5.6 Rockwell Automation
5.6.1 Rockwell Automation Profile
5.6.2 Rockwell Automation Main Business
5.6.3 Rockwell Automation Functional Safety Products, Services and Solutions
5.6.4 Rockwell Automation Functional Safety Revenue (US$ Million) & (2018-2023)
5.6.5 Rockwell Automation Recent Developments
5.7 Emerson Electric
5.7.1 Emerson Electric Profile
5.7.2 Emerson Electric Main Business
5.7.3 Emerson Electric Functional Safety Products, Services and Solutions
5.7.4 Emerson Electric Functional Safety Revenue (US$ Million) & (2018-2023)
5.7.5 Emerson Electric Recent Developments
5.8 Honeywell International
5.8.1 Honeywell International Profile
5.8.2 Honeywell International Main Business
5.8.3 Honeywell International Functional Safety Products, Services and Solutions
5.8.4 Honeywell International Functional Safety Revenue (US$ Million) & (2018-2023)
5.8.5 Honeywell International Recent Developments
5.9 HIMA Paul Hildebrandt
5.9.1 HIMA Paul Hildebrandt Profile
5.9.2 HIMA Paul Hildebrandt Main Business
5.9.3 HIMA Paul Hildebrandt Functional Safety Products, Services and Solutions
5.9.4 HIMA Paul Hildebrandt Functional Safety Revenue (US$ Million) & (2018-2023)
5.9.5 HIMA Paul Hildebrandt Recent Developments
5.10 Endress+Hauser Management
5.10.1 Endress+Hauser Management Profile
5.10.2 Endress+Hauser Management Main Business
5.10.3 Endress+Hauser Management Functional Safety Products, Services and Solutions
5.10.4 Endress+Hauser Management Functional Safety Revenue (US$ Million) & (2018-2023)
5.10.5 Endress+Hauser Management Recent Developments
5.11 TUV Rheinland
5.11.1 TUV Rheinland Profile
5.11.2 TUV Rheinland Main Business
5.11.3 TUV Rheinland Functional Safety Products, Services and Solutions
5.11.4 TUV Rheinland Functional Safety Revenue (US$ Million) & (2018-2023)
5.11.5 TUV Rheinland Recent Developments
5.12 Omron
5.12.1 Omron Profile
5.12.2 Omron Main Business
5.12.3 Omron Functional Safety Products, Services and Solutions
5.12.4 Omron Functional Safety Revenue (US$ Million) & (2018-2023)
5.12.5 Omron Recent Developments
5.13 Yokogawa Electric
5.13.1 Yokogawa Electric Profile
5.13.2 Yokogawa Electric Main Business
5.13.3 Yokogawa Electric Functional Safety Products, Services and Solutions
5.13.4 Yokogawa Electric Functional Safety Revenue (US$ Million) & (2018-2023)
5.13.5 Yokogawa Electric Recent Developments
5.14 DEKRA
5.14.1 DEKRA Profile
5.14.2 DEKRA Main Business
5.14.3 DEKRA Functional Safety Products, Services and Solutions
5.14.4 DEKRA Functional Safety Revenue (US$ Million) & (2018-2023)
5.14.5 DEKRA Recent Developments
6 North America
6.1 North America Functional Safety Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Functional Safety Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Functional Safety Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Functional Safety Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Functional Safety Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Functional Safety Market Dynamics
11.1 Functional Safety Industry Trends
11.2 Functional Safety Market Drivers
11.3 Functional Safety Market Challenges
11.4 Functional Safety Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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