Functional Safety

Global Market Trajectory & Analytics

MCP12104

EXECUTIVE ENGAGEMENTS

POOL

23139
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

2083
Interactions with Platform & by Email

PARTICIPANTS

463
Unique # Participated

VALIDATIONS

78
Responses Validated*

COMPANIES

21
Responses Validated*
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DATE

APR 2021

TABLES

82

PAGES

133

EDITION

8

PRICE

USD 4950

CODE

MCP12104


COMPETITIVE METRICS

COMPANY

D S N T

% *

A.U.K. Muller GmbH & Co. KG

ABB Ltd.

ACCESS Professional Singapore Pte Ltd.

Airaga Rubinetterie SpA

Airoil Flaregas Pvt. Limited

Alex Group S.R.L.

Alfa Valvole S.r.l.

Alpha Sportswear Limited

Areion International Limited

Arteris, Inc.

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SUBMIT
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HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Functional Safety estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.8 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Safety Sensors, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Safety Relays segment is readjusted to a revised 7% CAGR for the next 7-year period.
The Functional Safety market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
In the global Valves segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$673.1 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2027.

SELECT PLAYERS

ABB Ltd.; Balluff, Inc.; BEI Sensors; Bosch Rexroth AG; Emerson Electric Company; Endress+Hauser Management AG; exida.com LLC; General Electric Company; HIMA Paul Hildebrandt GmbH; Honeywell International, Inc.; Intel Corporation; Mangan Software Solutions; Mitsubishi Electric Corporation; Moore Industries-International, Inc.; Omron Corporation; Pepperl+Fuchs GmbH; Phoenix Contact GmbH & Co. KG; Pilz GmbH & Co. KG; Renesas Electronics Corporation; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; TUV Rheinland AG; UL LLC (Underwriters Laboratories); Yokogawa Electric Corporation

SEGMENTS

» Device (Safety Sensors, Safety Relays, Valves, Actuators, Other Devices) » System (Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA, DCS)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Functional Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Functional Safety by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Safety Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Safety Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Safety Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Safety Relays by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Actuators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Other Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Emergency Shutdown System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Emergency Shutdown System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Turbomachinery Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Turbomachinery Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Fire & Gas Monitoring Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Fire & Gas Monitoring Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for HIPPS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for HIPPS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for BMS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for BMS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for SCADA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for SCADA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for DCS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for DCS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
USA Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Canada Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
JAPAN
Japan Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Japan Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
CHINA
China Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
China Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
EUROPE
Europe Current & Future Analysis for Functional Safety by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Functional Safety by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Europe Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
FRANCE
France Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
France Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Germany Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Italy Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
UK Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Functional Safety by Device - Safety Sensors, Safety Relays, Valves, Actuators and Other Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Functional Safety by Device - Percentage Breakdown of Value Sales for Safety Sensors, Safety Relays, Valves, Actuators and Other Devices for the Years 2020 & 2027
Rest of World Current & Future Analysis for Functional Safety by System - Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Functional Safety by System - Percentage Breakdown of Value Sales for Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA and DCS for the Years 2020 & 2027
Total Companies Profiled: 21

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