Comprehensive historical analysis of global market for Functional Safety has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Functional Safety market.

The Functional Safety Size is expected to reach USD 12.97 billion by 2030, at a CAGR of 11.94% during the forecast period 2021 to 2030.

The report includes growth prospects in the Global Functional Safety Market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Semiconductors & Electronics and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.

Leading players of Functional Safety including:

• ABB Ltd.
• Balluff
• SICK AG
• Siemens AG
• Emerson Electric Co.
• Schneider Electric
• Johnson Controls
• General Electric Company
• Proserv Ingenious Simplicity
• Honeywell International Inc.
• Rockwell Automation Inc.
• Omron Corporation
• TÜV Rheinland
• Banner Engineering Corporation
• Yokogawa Electric Corporation

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Market split by Segement, can be divided into:

Devices Analysis

• Safety Sensors
• Safety Controllers
• Programmable Safety Systems
• Safety Switches
• Emergency Stop Devices
• Others

Safety System Analysis

• Emergency Shutdown System (ESD)
• High Integrity Pressure Protection System (HIPPS)
• Burner Management System (BMS)
• Turbomachinery Control (TMC)
• Fire & Gas Monitoring System (F&G)
• Distributed Control Systems (DCS)
• Supervisory Control and Data Acquisition (SCADA)
• Others

Market segment by Region/Country including:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

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On January 2023, TÜV Rheinland agreed to purchase ABB's UK technical engineering consulting business, which is part of ABB's Energy Industries division. The combined company will be a scalable, broad-based technical engineering provider with a full-service offering to high-risk industries, assisting customers with energy transition and energy security.

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Whats covered in the report?

• 1. Overview of the Functional Safety market.
• 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Functional Safety market, based on segement.
• 3. Functional Safety Market trends.
• 4. Functional Safety Market drivers.
• 5. Analysis of major company profiles.

Reasons to buy this Market Report:

1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Functional Safety market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Functional Safety Industry.
3. Leading company profiles reveal details of key Functional Safety market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Functional Safety market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Functional Safety market over the upcoming seven years
7. Accurate estimation of the global Functional Safety market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Functional Safety market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Functional Safety market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Functional Safety market

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