Functional Safety Market Research Report - Global Forecast till 2027

Functional Safety Market Research Report: by Devices (Actuators, Safety Sensors, Final Control Elements, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Devices, Safety Switches, Valves, Others), by System (Safety Instrumented Systems, Turbo Machinery Control (TMC), Supervisory Control System, Burner Management Systems (BMS), Emergency Shutdown Systems (ESD), Fire & Gas Monitoring Control, Industrial Control Systems, High-Integrity Pressure Protection Systems (HIPPS), Distributed Control Systems (DCS)...

ID: MRFR/SEM/2329-CR | November, 2020 | Region : Global

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

2.4 LIST OF ASSUMPTIONS

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 INCREASE IN THE NUMBER OF MOBILE APPLICATIONS

4.2.2 INTRODUCTION OF GOVERNMENT POLICIES AND SAFETY STANDARDS

4.2.3 DRIVERS IMPACT ANALYSIS

4.3 RESTRAINT

4.3.1 SIGNIFICANT INVESTMENT REQUIRED FOR INSTALING FUNCTIONAL SAFETY SYSTEMS

4.3.2 RESTRAINT IMPACT ANALYSIS

4.4 OPPORTUNITY

4.4.1 INCREASING USE OF IIOT

4.5 CHALLENGE

4.5.1 LACK OF SKILLED EXPERTISE IN IMPLEMENTING FUNCTIONAL SAFETY

4.6 IMPACT OF COVID-19 ON THE GLOBAL FUNCTIONAL SAFETY MARKET

4.6.1 IMPACT ON MANUFACTURERS

4.6.2 IMPACT ON SUPPLY CHAIN

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS

5.1.1 DESIGNERS AND PROGRAMMERS

5.1.2 SOFTWARE DEVELOPERS

5.1.3 SYSTEM INTEGRATORS

5.1.4 SERVICE PROVIDERS

5.1.5 END USERS

5.2 PORTER’S FIVE FORCES MODEL

5.2.1 THREAT OF NEW ENTRANTS

5.2.2 BARGAINING POWER OF SUPPLIERS

5.2.3 THREAT OF SUBSTITUTES

5.2.4 BARGAINING POWER OF BUYERS

5.2.5 INTENSITY OF RIVALRY

6 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICES

6.1 OVERVIEW

6.2 ACTUATORS

6.3 SAFETY SENSORS

6.4 FINAL CONTROL ELEMENTS

6.5 SAFETY CONTROLLERS/MODULES/RELAYS

6.6 PROGRAMMABLE SAFETY SYSTEMS

6.7 EMERGENCY STOP DEVICES

6.8 SAFETY SWITCHES

6.9 VALVES

7 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM

7.1 OVERVIEW

7.2 SAFETY INSTRUMENTED SYSTEMS (SIS)

7.3 TURBO MACHINERY CONTROL (TMC)

7.4 SUPERVISORY CONTROL SYSTEM

7.5 BURNER MANAGEMENT SYSTEMS (BMS)

7.6 EMERGENCY SHUTDOWN SYSTEMS (ESD)

7.7 FIRE & GAS MONITORING CONTROL

7.8 INDUSTRIAL CONTROL SYSTEMS

7.9 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS (HIPPS)

7.10 DISTRIBUTED CONTROL SYSTEMS (DCS)

8 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER

8.1 OVERVIEW

8.2 OIL & GAS

8.3 METAL & MINING

8.4 RETAIL AND WHOLESALE

8.5 MANUFACTURING

8.6 FOOD & BEVERAGES

8.7 WATER & WASTEWATER

8.8 OTHERS

9 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION

9.1 OVERVIEW

9.2 NORTH AMERICA

9.2.1 US

9.2.2 CANADA

9.2.3 MEXICO

9.3 EUROPE

9.3.1 UK

9.3.2 GERMANY

9.3.3 FRANCE

9.3.4 REST OF EUROPE

9.4 ASIA-PACIFIC

9.4.1 CHINA

9.4.2 JAPAN

9.4.3 INDIA

9.4.4 REST OF ASIA-PACIFIC

9.5 REST OF THE WORLD

9.5.1 MIDDLE EAST & AFRICA

9.5.2 SOUTH AMERICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW

10.2 COMPETITIVE BENCHMARKING

11 COMPANY PROFILES

11.1 HONEYWELL INTERNATIONAL INC.

11.1.1 COMPANY OVERVIEW

11.1.2 FINANCIAL OVERVIEW

11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.1.4 KEY DEVELOPMENTS

11.1.5 SWOT ANALYSIS

11.1.6 KEY STRATEGIES

11.2 ABB LTD.

11.2.1 COMPANY OVERVIEW

11.2.2 FINANCIAL OVERVIEW

11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.2.4 KEY DEVELOPMENTS

11.2.5 SWOT ANALYSIS

11.2.6 KEY STRATEGIES

11.3 SCHNEIDER ELECTRIC SE

11.3.1 COMPANY OVERVIEW

11.3.2 FINANCIAL OVERVIEW

11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.3.4 KEY DEVELOPMENTS

11.3.5 SWOT ANALYSIS

11.3.6 KEY STRATEGIES

11.4 EMERSON ELECTRIC CO.

11.4.1 COMPANY OVERVIEW

11.4.2 FINANCIAL OVERVIEW

11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.4.4 KEY DEVELOPMENTS

11.4.5 SWOT ANALYSIS

11.4.6 KEY STRATEGIES

11.5 GENERAL ELECTRIC CO.

11.5.1 COMPANY OVERVIEW

11.5.2 FINANCIAL OVERVIEW

11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.5.4 KEY DEVELOPMENTS

11.5.5 SWOT ANALYSIS

11.5.6 KEY STRATEGIES

11.6 ENDRESS+HAUSER

11.6.1 COMPANY OVERVIEW

11.6.2 FINANCIAL OVERVIEW

11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.6.4 KEY DEVELOPMENTS

11.6.5 SWOT ANALYSIS

11.6.6 KEY STRATEGIES

11.7 SIEMENS AG

11.7.1 COMPANY OVERVIEW

11.7.2 FINANCIAL OVERVIEW

11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.7.4 KEY DEVELOPMENTS

11.7.5 SWOT ANALYSIS

11.7.6 KEY STRATEGIES

11.8 OMRON CORPORATION

11.8.1 COMPANY OVERVIEW

11.8.2 FINANCIAL OVERVIEW

11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.8.4 KEY DEVELOPMENTS

11.8.5 SWOT ANALYSIS

11.8.6 KEY STRATEGIES

11.9 ROCKWELL AUTOMATION INC.

11.9.1 COMPANY OVERVIEW

11.9.2 FINANCIAL OVERVIEW

11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.9.4 KEY DEVELOPMENTS

11.9.5 SWOT ANALYSIS

11.9.6 KEY STRATEGIES

11.10 YOKOGAWA ELECTRIC CORPORATION

11.10.1COMPANY OVERVIEW

11.10.2FINANCIAL OVERVIEW

11.10.3PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.10.4KEY DEVELOPMENTS

11.10.5SWOT ANALYSIS

11.10.6KEY STRATEGIES

12 LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 6 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 7 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 10 US: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 11 US: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 12 US: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 13 CANADA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 14 CANADA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 15 CANADA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 16 MEXICO: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 17 MEXICO: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 18 MEXICO: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 19 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 20 EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 21 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 22 EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 23 UK: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 24 UK: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 25 UK: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 26 GERMANY: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 27 GERMANY: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 28 GERMANY: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 29 FRANCE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 30 FRANCE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 31 FRANCE: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 32 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 33 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 34 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 35 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 39 CHINA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 40 CHINA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 41 CHINA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 42 JAPAN: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 43 JAPAN: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 44 JAPAN: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 45 INDIA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 46 INDIA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 47 INDIA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 48 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 49 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 50 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 51 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 52 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 53 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 54 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 55 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 56 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 57 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 58 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020–2027 (USD MILLION)

TABLE 59 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 60 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 61 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 62 ABB LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 63 ABB LTD.: KEY DEVELOPMENTS

TABLE 64 SCHNEIDER ELECTRIC SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 65 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 66 GENERAL ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 67 ENDRESS+HAUSER: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 68 SIEMENS AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 69 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 70 OMRON CORPORATION: KEY DEVELOPMENTS

TABLE 71 ROCKWELL AUTOMATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 72 ROCKWELL AUTOMATION INC.: KEY DEVELOPMENTS

TABLE 73 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 74 YOKOGAWA ELECTRIC CORPORATION: KEY DEVELOPMENTS

13 LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 FUNCTIONAL SAFETY MARKET STRUCTURE

FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES

FIGURE 4 MARKET DYNAMICS ANALYSIS OF THE GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 5 NUMBER OF MOBILE APP DOWNLOADS WORLDWIDE, 2020–2027 (IN BILLIONS)

FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 7 RESTRAINT IMPACT ANALYSIS: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 8 VALUE CHAIN: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 10 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020 VS 2027 (USD MILLION)

FIGURE 11 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020 VS 2027 (USD MILLION)

FIGURE 12 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER, 2020 VS 2027 (USD MILLION)

FIGURE 13 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION, 2020 VS 2027 (USD MILLION)

FIGURE 14 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)

FIGURE 15 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020 VS 2027 (USD MILLION)

FIGURE 16 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020 VS 2027 (USD MILLION)

FIGURE 17 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2020 VS 2027 (USD MILLION)

FIGURE 18 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)

FIGURE 19 EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020 VS 2027 (USD MILLION)

FIGURE 20 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020 VS 2027 (USD MILLION)

FIGURE 21 EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2020 VS 2027 (USD MILLION)

FIGURE 22 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)

FIGURE 23 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020 VS 2027 (USD MILLION)

FIGURE 24 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020 VS 2027 (USD MILLION)

FIGURE 25 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2020 VS 2027 (USD MILLION)

FIGURE 26 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)

FIGURE 27 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020 VS 2027 (USD MILLION)

FIGURE 28 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020 VS 2027 (USD MILLION)

FIGURE 29 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY END USER, 2020 VS 2027 (USD MILLION)

FIGURE 30 COMPETITVE BENCHMARKING: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 31 HONEYWELL INTERNATIONAL INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 32 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS

FIGURE 33 ABB LTD.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 34 ABB LTD.: SWOT ANALYSIS

FIGURE 35 SCHNEIDER ELECTRIC SE: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 36 SCHNEIDER ELECTRIC SE: SWOT ANALYSIS

FIGURE 37 EMERSON ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 38 EMERSON ELECTRIC CO.: SWOT ANALYSIS

FIGURE 39 GENERAL ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 40 GENERAL ELECTRIC CO.: SWOT ANALYSIS

FIGURE 41 ENDRESS+HAUSER: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 42 ENDRESS+HAUSER: SWOT ANALYSIS

FIGURE 43 SIEMENS AG: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 44 SIEMENS AG: SWOT ANALYSIS

FIGURE 45 OMRON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 46 OMRON CORPORATION: SWOT ANALYSIS

FIGURE 47 ROCKWELL AUTOMATION INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 48 ROCKWELL AUTOMATION INC.: SWOT ANALYSIS

FIGURE 49 YOKOGAWA ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 50 YOKOGAWA ELECTRIC CORPORATION: SWOT ANALYSIS

Functional Safety Market

Functional Safety Market to reach USD 5,691.0 Million by 2026 with a CAGR of 5.33% during the forecast period 2020–2026

Segmentation

Based on Devices Actuators Safety Sensors Final Control Elements Safety Controllers Modules Relays Programmable Safety Systems
Based on System Safety Instrumented Systems Turbo Machinery Control (TMC) Supervisory Control System Burner Management Systems (BMS) Emergency Shutdown Systems (ESD)
Based on End User Oil & Gas Metal and Mining Pharmaceuticals and Biotech Retail and Wholesale Others

Key Players

  • Siemens AG
  • ABB Ltd.
  • Honeywell
  • General Electric Co.
  • Schneider Electric SE
  • Rockwell Automation Inc.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • HIMA Paul Hildebrandt GmbH
  • Endress+Hauser Management AG
  • TUV Rheinland
  • Omron Corporation
  • Yokogawa Electric Corporation
  • DEKRA Group

Drivers

  • Upgradation in robotics
  • Increased use of automated devices
  • The increasing use of IIoT and industrial automation.
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