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Global Functional Safety Market Growth (Status and Outlook) 2022-2028
SKU ID : LPI-19929575 | Publishing Date : 14-Jan-2022
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As the global economy mends, the 2021 growth of Functional Safety will have significant change from previous year. According to our (LP Information) latest study, the global Functional Safety market size is USD million in 2022 from USD 5711.7 million in 2021, with a change of % between 2021 and 2022. The global Functional Safety market size will reach USD 9980.2 million in 2028, growing at a CAGR of 8.3% over the analysis period.
The United States Functional Safety market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Functional Safety market, reaching US$ million by the year 2028. As for the Europe Functional Safety landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Functional Safety players cover Siemens, ABB, Honeywell, and General Electric, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Functional Safety market by product type, application, key players and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
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
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Chemical
Food And Drink
Water And Sewage
Pharmaceuticals
Biotechnology
Metals & Mining
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
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
The United States Functional Safety market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Functional Safety market, reaching US$ million by the year 2028. As for the Europe Functional Safety landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Functional Safety players cover Siemens, ABB, Honeywell, and General Electric, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Functional Safety market by product type, application, key players and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
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
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Chemical
Food And Drink
Water And Sewage
Pharmaceuticals
Biotechnology
Metals & Mining
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
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
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
