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
*Engagement stats are ongoing and dynamic
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$1 Billion by the year 2027.
SELECT PLAYERS
ABB Ltd.; Balluff, Inc.; BEI Sensors; Bosch Rexroth AG; Emerson Electric Company; Endress+Hauser Management AG; exida.com LLC; General Electric Company; HIMA Paul Hildebrandt GmbH; Honeywell International, Inc.; Intel Corporation; Mangan Software Solutions; Mitsubishi Electric Corporation; Moore Industries-International, Inc.; Omron Corporation; Pepperl+Fuchs GmbH; Phoenix Contact GmbH & Co. KG; Pilz GmbH & Co. KG; Renesas Electronics Corporation; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; TUV Rheinland AG; UL LLC (Underwriters Laboratories); Yokogawa Electric Corporation
SEGMENTS
» Device (Safety Sensors, Safety Relays, Valves, Actuators, Other Devices) » System (Emergency Shutdown System, Turbomachinery Control, Fire & Gas Monitoring Control, HIPPS, BMS, SCADA, DCS)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Influencer Market Insights |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| 4. GLOBAL MARKET PERSPECTIVE |
| World Current & Future Analysis for Functional Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ 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 |
| III. MARKET ANALYSIS |
| 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 |
| IV. COMPETITION |
| Total Companies Profiled: 21 |
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