Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Functional Safety Market: Research Design
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Key Data From Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown Of Primaries
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Of Products/Solutions/Services Of Functional Safety Market Size
Figure 3 Market Size Estimation Methodology: Approach 2 Bottom-Up (Supply Side): Illustration Of Company Functional Safety Revenue Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Arriving At Market Share By Bottom-Up Analysis (Demand Side)
Figure 4 Functional Safety Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Capturing Market Share By Top-Down Analysis (Supply Side)
Figure 5 Functional Safety Market: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Pre Covid-19
3.2 Realistic Scenario
3.3 Pessimistic Scenario
3.4 Optimistic Scenario
Figure 7 Pre- And Post-Covid-19 Analysis Of Functional Safety Market
Figure 8 Functional Safety Market For Services To Grow At Higher Cagr During Forecast Period
Figure 9 Market For Programmable Safety Systems To Grow At Highest Cagr During Forecast Period
Figure 10 Maintenance Services To Hold Largest Size Of Functional Safety Market During Forecast Period
Figure 11 Oil & Gas Held Major Share Of Functional Safety Market In 2019
Figure 12 Europe To Hold Largest Share Of Functional Safety Market In 2020
4 Premium Insights
4.1 Attractive Growth Opportunities In Functional Safety Market
Figure 13 Mandate For Safety Regulations And Rising Demand For Safety Systems In Oil & Gas Industry To Boost Adoption Of Functional Safety Systems
4.2 Functional Safety Market, By System
Figure 14 Emergency Shutdown Systems To Hold Largest Size Of Functional Safety Market In 2025
4.3 Functional Safety Market, By Component
Figure 15 Safety Sensors To Hold Largest Size Of Functional Safety Market In 2025
4.4 Functional Safety Market, By Service
Figure 16 Maintenance To Hold Largest Size Of Functional Safety Market In 2025
4.5 Functional Safety Market, By Offering
Figure 17 Components To Hold Larger Share Of Functional Safety Market In 2020
4.6 Functional Safety Market, By Region
Figure 18 Europe To Hold Largest Size Of Functional Safety Market In 2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Fiscal Policy Steps Taken By Regional Financial Institutions To Keep Manufacturing Facilities Floating Amid Covid-19 Crisis
Figure 19 Breakup Of Cares Act Package
5.2.1.2 Strict Mandates For Safety Regulations
5.2.1.3 Surging Demand For Safety Systems In Oil & Gas Industry
5.2.1.4 High Requirement For Reliable Safety Systems To Ensure Personnel And Asset Protection
5.2.1.5 Rise In Industrial Revolution 4.0
5.2.2 Restraints
5.2.2.1 High Investment Required For Installing Functional Safety Systems
5.2.2.2 Lack Of Awareness And Complexity Of Standards
5.2.3 Opportunities
5.2.3.1 Growing Acceptance Of Workplace Safety Standards In Emerging Economies
5.2.3.2 Increasing Usage Of Industrial Internet Of Things
5.2.4 Challenges
5.2.4.1 Restriction Of Commercial Trade Growth In Coming Months Due To Lockdown And Social Distancing Norms
5.2.4.2 High Complexity Of Safety Applications
5.2.4.3 Lack Of Functional Safety Certified Workforce
5.3 Safety Integrity Level
5.3.1 Functional Safety Standards
5.3.1.1 Iec 61508
5.3.1.2 Iec 61511
5.3.1.3 Iec 62061
5.3.1.4 Iec 62443
5.3.2 Adoption Of Different Technologies In Functional Safety Systems
5.4 Process Flow Analysis Of Functional Safety Ecosystem
Figure 20 Process Flow Analysis – Functional Safety Ecosystem
6 Functional Safety Market, By System
6.1 Introduction
Figure 21 Emergency Shutdown Systems To Hold Largest Size Of Functional Safety Market In 2025
Table 1 Functional Safety Market, By System, 2016–2019 (Usd Million)
Table 2 Functional Safety Market, By System, 2020–2025 (Usd Million)
6.2 Emergency Shutdown Systems
6.2.1 Emergency Shutdown Systems Held Largest Size Of Functional Safety Market In 2019
Table 3 Functional Safety Market For Emergency Shutdown Systems, By Offering, 2016–2019 (Usd Million)
Table 4 Functional Safety Market For Emergency Shutdown Systems, By Offering, 2020–2025 (Usd Million)
Table 5 Functional Safety Market For Emergency Shutdown Systems, By Component, 2016–2019 (Usd Million)
Table 6 Functional Safety Market For Emergency Shutdown Systems, By Component, 2020–2025 (Usd Million)
Table 7 Functional Safety Market For Emergency Shutdown Systems, By Service, 2016–2019 (Usd Million)
Table 8 Functional Safety Market For Emergency Shutdown Systems, By Service, 2020–2025 (Usd Million)
Table 9 Functional Safety Market For Emergency Shutdown Systems, By Industry, 2016–2019 (Usd Million)
Table 10 Functional Safety Market For Emergency Shutdown Systems, By Industry, 2020–2025 (Usd Million)
Table 11 Functional Safety Market For Emergency Shutdown Systems, By Region, 2016–2019 (Usd Million)
Table 12 Functional Safety Market For Emergency Shutdown Systems, By Region, 2020–2025(Usd Million)
Table 13 Emergency Shutdown Systems Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 14 Emergency Shutdown Systems Market For Oil & Gas, By Region, 2020–2025 (Usd Million)
Table 15 Emergency Shutdown Systems Market For Power Generation, By Region, 2016–2019 (Usd Million)
Table 16 Emergency Shutdown Systems Market For Power Generation, By Region, 2020–2025 (Usd Million)
Table 17 Emergency Shutdown Systems Market For Chemicals, By Region, 2016–2019 (Usd Million)
Table 18 Emergency Shutdown Systems Market For Chemicals, By Region, 2020–2025 (Usd Million)
Table 19 Emergency Shutdown Systems Market For Food & Beverages, By Region, 2016–2019 (Usd Million)
Table 20 Emergency Shutdown Systems Market For Food & Beverages, By Region, 2020–2025 (Usd Million)
Table 21 Emergency Shutdown Systems Market For Water & Wastewater, By Region, 2016–2019 (Usd Million)
Table 22 Emergency Shutdown Systems Market For Water & Wastewater, By Region, 2020–2025 (Usd Million)
Table 23 Emergency Shutdown Systems Market For Pharmaceuticals, By Region, 2016–2019 (Usd Million)
Table 24 Emergency Shutdown Systems Market For Pharmaceuticals, By Region, 2020–2025 (Usd Million)
Table 25 Emergency Shutdown Systems Market For Metals And Mining, By Region, 2016–2019 (Usd Million)
Table 26 Emergency Shutdown Systems Market For Metals And Mining, By Region, 2020–2025 (Usd Million)
Table 27 Emergency Shutdown Systems Market For Others, By Region, 2016–2019 (Usd Million)
Table 28 Emergency Shutdown Systems Market For Others, By Region, 2020–2025 (Usd Million)
6.2.2 Impact Of Covid-19 On Emergency Shutdown Systems
Table 29 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Emergency Shutdown Systems, 2016–2025
6.3 Fire & Gas Monitoring
6.3.1 Fire And Gas Monitoring Systems Are Mainly Used To Prevent And Lower After-Effects Of Fire Accidents
Table 30 Fire & Gas Monitoring Systems Market, By Offering, 2016–2019 (Usd Million)
Table 31 Fire & Gas Monitoring Systems Market, By Offering, 2020–2025 (Usd Million)
Table 32 Fire & Gas Monitoring Systems Market, By Component, 2016–2019 (Usd Million)
Table 33 Fire & Gas Monitoring Systems Market, By Component, 2020–2025 (Usd Million)
Table 34 Fire & Gas Monitoring Systems Market, By Service, 2016–2019 (Usd Million)
Table 35 Fire & Gas Monitoring Systems Market, By Service, 2020–2025 (Usd Million)
Table 36 Fire & Gas Monitoring Systems Market, By Industry, 2016–2019 (Usd Million)
Table 37 Fire & Gas Monitoring Systems Market, By Industry, 2020–2025 (Usd Million)
Table 38 Fire & Gas Monitoring Systems Market, By Region, 2017–2019 (Usd Million)
Table 39 Fire & Gas Monitoring Systems Market, By Region, 2020–2025 (Usd Million)
Table 40 Fire & Gas Monitoring Systems Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 41 Fire & Gas Monitoring Systems Market For Oil & Gas, By Region, 2020–2025 (Usd Million)
Table 42 Fire & Gas Monitoring Systems Market For Power Generation, By Region, 2016–2019 (Usd Million)
Table 43 Fire & Gas Monitoring Systems Market For Power Generation, By Region, 2020–2025 (Usd Million)
Table 44 Fire & Gas Monitoring Systems Market For Chemicals, By Region, 2016–2019 (Usd Million)
Table 45 Fire & Gas Monitoring Systems Market For Chemicals, By Region, 2020–2025 (Usd Million)
Table 46 Fire & Gas Monitoring Systems Market For Food & Beverages, By Region, 2016–2019 (Usd Million)
Table 47 Fire & Gas Monitoring Systems Market For Food & Beverages, By Region, 2020–2025 (Usd Million)
Table 48 Fire & Gas Monitoring Systems Market For Water & Wastewater,By Region, 2016–2019 (Usd Million)
Table 49 Fire & Gas Monitoring Systems Market For Water & Wastewater, By Region, 2020–2025 (Usd Million)
Table 50 Fire & Gas Monitoring Systems Market For Pharmaceuticals, By Region, 2016–2019 (Usd Million)
Table 51 Fire & Gas Monitoring Systems Market For Pharmaceuticals, By Region, 2020–2025 (Usd Million)
Table 52 Fire & Gas Monitoring Systems Market For Metals & Mining, By Region, 2016–2019 (Usd Million)
Table 53 Fire & Gas Monitoring Systems Market For Metals & Mining, By Region, 2020–2025 (Usd Million)
Table 54 Fire & Gas Monitoring Systems Market For Others, By Region, 2016–2019 (Usd Million)
Table 55 Fire & Gas Monitoring Systems Market For Others, By Region, 2020–2025 (Usd Million)
6.3.2 Impact Of Covid-19 On Fire & Gas Monitoring Systems
Table 56 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Fire & Gas Monitoring Systems, 2016–2025
6.4 High-Integrity Pressure Protection Systems
6.4.1 Rising Demand For Reliable Safety Solutions For Personnel And Asset Protection In High-Pressure Environments Triggers Hipps Market Growth
Table 57 High-Integrity Pressure Protection Systems Market, By Offering, 2016–2019 (Usd Million)
Table 58 High-Integrity Pressure Protection Systems Market, By Offering, 2020–2025 (Usd Million)
Table 59 High-Integrity Pressure Protection Systems Market, Component, 2016–2019 (Usd Million)
Table 60 High-Integrity Pressure Protection Systems Market, By Component, 2020–2025 (Usd Million)
Table 61 High-Integrity Pressure Protection Systems Market, By Service, 2016–2019 (Usd Million)
Table 62 High-Integrity Pressure Protection Systems Market, By Service, 2020–2025 (Usd Million)
Table 63 High-Integrity Pressure Protection Systems Market, By Industry, 2016–2019 (Usd Million)
Table 64 High-Integrity Pressure Protection Systems Market, By Industry, 2020–2025 (Usd Million)
Table 65 High-Integrity Pressure Protection Systems Market, By Region, 2016–2019 (Usd Million)
Table 66 High-Integrity Pressure Protection Systems Market, By Region, 2020–2025 (Usd Million)
Table 67 High-Integrity Pressure Protection Systems Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 68 High-Integrity Pressure Protection Systems Market For Oil & Gas, By Region, 2020–2025 (Usd Million)
Table 69 High-Integrity Pressure Protection Systems Market For Power Generation, By Region, 2016–2019 (Usd Million)
Table 70 High-Integrity Pressure Protection Systems Market For Power Generation, By Region, 2020–2025 (Usd Million)
Table 71 High-Integrity Pressure Protection Systems Market For Chemicals, By Region, 2016–2019 (Usd Million)
Table 72 High-Integrity Pressure Protection Systems Market For Chemicals, By Region, 2020–2025 (Usd Million)
Table 73 High-Integrity Pressure Protection Systems Market For Food & Beverages, By Region, 2016–2019 (Usd Million)
Table 74 High-Integrity Pressure Protection Systems Market For Food & Beverages, By Region, 2020–2025 (Usd Million)
Table 75 High-Integrity Pressure Protection Systems Market For Water & Wastewater, By Region, 2016–2019 (Usd Million)
Table 76 High-Integrity Pressure Protection Systems Market For Water & Wastewater, By Region, 2020–2025 (Usd Million)
Table 77 High-Integrity Pressure Protection Systems Market For Pharmaceuticals, By Region, 2016–2019 (Usd Million)
Table 78 High-Integrity Pressure Protection Systems Market For Pharmaceuticals, By Region, 2020–2025 (Usd Million)
Table 79 High-Integrity Pressure Protection Systems Market For Metals & Mining, By Region, 2016–2019 (Usd Million)
Table 80 High-Integrity Pressure Protection Systems Market For Metals & Mining, By Region, 2020–2025 (Usd Million)
Table 81 High-Integrity Pressure Protection Systems Market For Others, By Region, 2016–2019 (Usd Million)
Table 82 High-Integrity Pressure Protection Systems Market For Others, By Region, 2020–2025 (Usd Million)
6.4.2 Impact Of Covid-19 On Market For High-Integrity Pressure Protection Systems
Table 83 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Hipps, 2016–2025
6.5 Burner Management Systems
6.5.1 Bms Helps In Reliable Monitoring, Operations, And Maintenance Of All Assets In Plants
Table 84 Burner Management Systems Market, By Offering, 2016–2019 (Usd Million)
Table 85 Burner Management Systems Market, By Offering, 2020–2025 (Usd Million)
Table 86 Burner Management Systems Market, By Component, 2016–2019 (Usd Million)
Table 87 Burner Management Systems Market, By Component, 2020–2025 (Usd Million)
Table 88 Burner Management Systems Market, By Service, 2016–2019 (Usd Million)
Table 89 Burner Management Systems Market, By Service, 2020–2025 (Usd Million)
Table 90 Burner Management Systems Market, By Industry, 2016–2019 (Usd Million)
Table 91 Burner Management Systems Market, By Industry, 2020–2025 (Usd Million)
Table 92 Burner Management Systems Market, By Region, 2017–2019 (Usd Million)
Table 93 Burner Management Systems Market, By Region, 2020–2025 (Usd Million)
Table 94 Burner Management Systems Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 95 Burner Management Systems Market For Oil & Gas, By Region, 2020–2025 (Usd Million)
Table 96 Burner Management Systems Market For Power Generation, By Region, 2016–2019 (Usd Million)
Table 97 Burner Management Systems Market For Power Generation, By Region, 2020–2025 (Usd Million)
Table 98 Burner Management Systems Market For Chemicals, By Region, 2016–2019 (Usd Million)
Table 99 Burner Management Systems Market For Chemicals, By Region, 2020–2025 (Usd Million)
Table 100 Burner Management Systems Market For Food & Beverages, By Region, 2016–2019 (Usd Million)
Table 101 Burner Management Systems Market For Food & Beverages, By Region, 2020–2025 (Usd Million)
Table 102 Burner Management Systems Market For Water & Wastewater, By Region, 2016–2019 (Usd Million)
Table 103 Burner Management Systems Market For Water & Wastewater, By Region, 2020–2025 (Usd Million)
Table 104 Burner Management Systems Market For Pharmaceuticals, By Region, 2016–2019 (Usd Million)
Table 105 Burner Management Systems Market For Pharmaceuticals, By Region, 2020–2025 (Usd Million)
Table 106 Burner Management Systems Market For Metals & Mining, By Region, 2016–2019 (Usd Million)
Table 107 Burner Management Systems Market For Metals & Mining, By Region, 2020–2025 (Usd Million)
Table 108 Burner Management Systems Market For Others, By Region, 2016–2019 (Usd Million)
Table 109 Burner Management Systems Market For Others, By Region, 2020–2025 (Usd Million)
6.5.2 Impact Of Covid-19 On Market For Burner Management Systems
Table 110 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Burner Management Systems, 2016–2025
6.6 Turbomachinery Control
6.6.1 Tmc Provides Tight Control Over Speed Of Steam, Hydro, And Gas Turbines
Table 111 Turbomachinery Control Market, By Offering, 2016–2019 (Usd Million)
Table 112 Turbomachinery Control Market, By Offering, 2020–2025 (Usd Million)
Table 113 Turbomachinery Control Market, By Component, 2016–2019 (Usd Million)
Table 114 Turbomachinery Control Market, By Component, 2020–2025 (Usd Million)
Table 115 Turbomachinery Control Market, By Service, 2016–2019 (Usd Million)
Table 116 Turbomachinery Control Market, By Service, 2020–2025 (Usd Million)
Table 117 Turbomachinery Control Market, By Industry, 2016–2019 (Usd Million)
Table 118 Turbomachinery Control Market, By Industry, 2020–2025 (Usd Million)
Table 119 Turbomachinery Control Market, By Region, 2016–2019 (Usd Million)
Table 120 Turbomachinery Control Market, By Region, 2020–2025 (Usd Million)
Table 121 Turbomachinery Control Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 122 Turbomachinery Control Market For Oil & Gas, By Region, 2020–2025 (Usd Million)
Table 123 Turbomachinery Control Market For Power Generation,By Region, 2016–2019 (Usd Million)
Table 124 Turbomachinery Control Market For Power Generation, By Region, 2020–2025 (Usd Million)
Table 125 Turbomachinery Control Market For Chemicals, By Region, 2016–2019 (Usd Million)
Table 126 Turbomachinery Control Market For Chemicals, By Region, 2020–2025 (Usd Million)
Table 127 Turbomachinery Control Market For Food & Beverages, By Region, 2016–2019 (Usd Million)
Table 128 Turbomachinery Control Market For Food & Beverages, By Region, 2020–2025 (Usd Million)
Table 129 Turbomachinery Control Market For Water & Wastewater, By Region, 2016–2019 (Usd Million)
Table 130 Turbomachinery Control Market For Water & Wastewater,By Region, 2020–2025 (Usd Million)
Table 131 Turbomachinery Control Market For Pharmaceuticals, By Region, 2016–2019 (Usd Million)
Table 132 Turbomachinery Control Market For Pharmaceuticals, By Region, 2025 (Usd Million)
Table 133 Turbomachinery Control Market For Metals & Mining, By Region, 2016–2019 (Usd Million)
Table 134 Turbomachinery Control Market For Metals & Mining, By Region, 2020–2025 (Usd Million)
Table 135 Turbomachinery Control Market For Others, By Region, 2016–2019 (Usd Million)
Table 136 Turbomachinery Control Market For Others, By Region, 2020–2025 (Usd Million)
6.6.2 Impact Of Covid-19 On Market For Turbomachinery Control
Table 137 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Turbo Machinery, 2016–2025
7 Functional Safety Market, By Offering
7.1 Introduction
Figure 22 Functional Safety Market, By Offering
Table 138 Functional Safety Market, By Offering, 2016–2019 (Usd Million)
Table 139 Functional Safety Market, By Offering, 2020–2025 (Usd Million)
7.2 Component
Figure 23 Safety Sensors To Hold Largest Size Of Functional Safety Market, By Component, In 2020
Table 140 Functional Safety Market, By Component, 2016–2019 (Usd Million)
Table 141 Functional Safety Market, By Component, 2020–2025 (Usd Million)
Table 142 Pre- And Post-Covid-19 Analysis Of Functional Safety Market, By Component, 2016–2025
7.2.1 Safety Sensors
7.2.1.1 Safety Sensors Hold Largest Share Of Functional Safety Market
Table 143 Functional Safety Market For Safety Sensors, By System, 2016–2019 (Usd Million)
Table 144 Functional Safety Market For Safety Sensors, By System , 2020–2025 (Usd Million)
Table 145 Functional Safety Market For Safety Sensors, By Region, 2016–2019 (Usd Million)
Table 146 Functional Safety Market For Safety Sensors, By Region, 2020–2025 (Usd Million)
Table 147 Functional Safety Market For Safety Sensors, By Industry, 2016–2019 (Usd Million)
Table 148 Functional Safety Market For Safety Sensors, By Industry, 2020–2025 (Usd Million)
7.2.2 Programmable Safety Systems
7.2.2.1 Market For Programmable Safety Systems To Grow At Highest Rate During Forecast Period
Table 149 Functional Safety Market For Programmable Safety Systems, Bysystem , 2016–2019 (Usd Million)
Table 150 Functional Safety Market For Programmable Safety Systems, By System , 2020–2025 (Usd Million)
Table 151 Functional Safety Market For Programmable Safety Systems, By Region, 2016–2019 (Usd Million)
Table 152 Functional Safety Market For Programmable Safety Systems, By Region, 2020–2025 (Usd Million)
Table 153 Functional Safety Market For Programmable Safety Systems, By Industry, 2016–2019 (Usd Million)
Table 154 Functional Safety Market For Programmable Safety Systems, By Industry, 2020–2025 (Usd Million)
7.2.3 Safety Controllers/Modules/Relays
7.2.3.1 High Requirement For Safety Components In Functional Safety Systems
Table 155 Functional Safety Market For Safety Controllers/Modules/Relays, By System, 2016–2019 (Usd Million)
Table 156 Functional Safety Market For Safety Controllers/Modules/Relays, By System, 2020–2025 (Usd Million)
Table 157 Functional Safety Market For Safety Controllers/Modules/Relays, By Industry, 2016–2019 (Usd Million)
Table 158 Functional Safety Market For Safety Controllers/Modules/Relays, By Industry, 2020–2025 (Usd Million)
Table 159 Functional Safety Market For Safety Controllers/Modules/Relays, By Region, 2016–2019 (Usd Million)
Table 160 Functional Safety Market For Safety Controllers/Modules/Relays, By Region, 2020–2025 (Usd Million)
7.2.4 Safety Switches
7.2.4.1 Functional Safety Switches Are Used To Protect Equipment And Users During Hazardous Situations
Table 161 Functional Safety Market For Safety Switches, By System, 2016–2019 (Usd Million)
Table 162 Functional Safety Market For Safety Switches, By System, 2020–2025 (Usd Million)
Table 163 Functional Safety Market For Safety Switches, By Industry, 2016–2019 (Usd Million)
Table 164 Functional Safety Market For Safety Switches, By Industry, 2020–2025 (Usd Million)
Table 165 Functional Safety Market For Safety Switches, By Region, 2016–2019 (Usd Million)
Table 166 Functional Safety Market For Safety Switches, By Region, 2020–2025 (Usd Million)
7.2.5 Emergency Stop Devices
7.2.5.1 Emergency Stop Devices Have Wide Range Of Safety Applications In Industries
Table 167 Three Common Types Of Emergency Stop Devices
Table 168 Functional Safety Market For Emergency Stop Devices, By System, 2016–2019 (Usd Million)
Table 169 Functional Safety Market For Emergency Stop Devices, By System, 2020–2025 (Usd Million)
Table 170 Functional Safety Market For Emergency Stop Devices, By Industry, 2016–2019 (Usd Million)
Table 171 Functional Safety Market For Emergency Stop Devices, By Industry, 2020–2025 (Usd Million)
Table 172 Functional Safety Market For Emergency Stop Devices, By Region, 2016–2019 (Usd Million)
Table 173 Functional Safety Market For Emergency Stop Devices, By Region, 2020–2025 (Usd Million)
7.2.6 Final Control Elements
7.2.6.1 Demand For Final Control Elements In Oil & Gas And Power Generation Industries To Continue To Rise In Future
Table 174 Functional Safety Market For Final Control Elements, By System, 2016–2019 (Usd Million)
Table 175 Functional Safety Market For Final Control Elements, By System, 2020–2025 (Usd Million)
Table 176 Functional Safety Market For Final Control Elements, By Industry, 2016–2019 (Usd Million)
Table 177 Functional Safety Market For Final Control Elements, By Industry, 2020–2025 (Usd Million)
Table 178 Functional Safety Market For Final Control Elements, By Region, 2016–2019 (Usd Million)
Table 179 Functional Safety Market For Final Control Elements, By Region, 2020–2025 (Usd Million)
7.2.7 Others
Table 180 Functional Safety Market For Others, By System, 2016–2019 (Usd Million)
Table 181 Functional Safety Market For Others, By System, 2020–2025 (Usd Million)
Table 182 Functional Safety Market For Others, By Industry, 2016–2019 (Usd Million)
Table 183 Functional Safety Market For Others, By Industry, 2020–2025 (Usd Million)
Table 184 Functional Safety Market For Others, By Region, 2016–2019 (Usd Million)
Table 185 Functional Safety Market For Others, By Region, 2020–2025 (Usd Million)
7.3 Services
Table 186 Functional Safety Market, By Service, 2016–2019 (Usd Million)
Table 187 Functional Safety Market, By Service, 2020–2025 (Usd Million)
Table 188 Functional Safety Market For Services, By Region, 2016–2019 (Usd Million)
Table 189 Functional Safety Market For Services, By Region, 2020–2025 (Usd Million)
Table 190 Functional Safety Market For Services, By Industry, 2016–2019 (Usd Million)
Table 191 Functional Safety Market For Services, By Industry, 2020–2025 (Usd Million)
Table 192 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Services
7.3.1 Testing, Inspection, And Certification
7.3.1.1 Market For Tic Services To Grow At Highest Cagr From 2019 To 2024
Table 193 Functional Safety Market For Testing, Inspection, And Certification Services, By Region, 2016–2019 (Usd Million)
Table 194 Functional Safety Market For Testing, Inspection, And Certification Services, By Region, 2020–2025 (Usd Million)
Table 195 Functional Safety Market For Testing, Inspection, And Certification Services, By System, 2016–2019 (Usd Million)
Table 196 Functional Safety Market For Testing, Inspection, And Certification Services, By System, 2020–2025 (Usd Million)
7.3.2 Maintenance
7.3.2.1 Maintenance Services To Continue To Hold Largest Size Of Functional Safety Market During 2020–2025
Table 197 Functional Safety Market For Maintenance Services, By Region, 2016–2019 (Usd Million)
Table 198 Functional Safety Market For Maintenance Services, By Region, 2020–2025 (Usd Million)
Table 199 Functional Safety Market For Maintenance Services, By System, 2016–2019 (Usd Million)
Table 200 Functional Safety Market For Maintenance Services, By System, 2020–2025 (Usd Million)
7.3.3 Training And Consulting
7.3.3.1 Engineering And Consulting Services Are Gaining Pace With Rising Adoption Of Hipps In Process Plants
Table 201 Functional Safety Market For Training And Consulting Services, By Region, 2016–2019 (Usd Million)
Table 202 Functional Safety Market For Training And Consulting Services, By Region, 2020–2025 (Usd Million)
Table 203 Functional Safety Market For Training And Consulting Services, By System, 2016–2019 (Usd Million)
Table 204 Functional Safety Market For Training And Consulting Services, By System, 2020–2025 (Usd Million)
8 Functional Safety Market, By Industry
8.1 Introduction
Figure 24 Global Functional Safety Market, By Industry
Table 205 Functional Safety Market, By Industry, 2016–2019 (Usd Million)
Table 206 Functional Safety Market, By Industry, 2020–2025 (Usd Million)
8.2 Oil & Gas
8.2.1 Oil & Gas Industry To Account For Largest Market Share In 2025
Table 207 Functional Safety Market For Oil & Gas Industry, By Offering, 2016–2019 (Usd Million)
Table 208 Functional Safety Market For Oil & Gas Industry, By Offering, 2020–2025 (Usd Million)
Table 209 Functional Safety Market For Oil & Gas Industry, By System, 2016–2019 (Usd Million)
Table 210 Functional Safety Market For Oil & Gas Industry, By System, 2020–2025 (Usd Million)
Table 211 Functional Safety Market For Oil & Gas Industry, By Component, 2016–2019 (Usd Million)
Table 212 Functional Safety Market For Oil & Gas Industry, By Component, 2020–2025 (Usd Million)
Table 213 Functional Safety Market For Oil & Gas Industry, By Service, 2016–2019 (Usd Million)
Table 214 Functional Safety Market For Oil & Gas Industry, By Service, 2020–2025 (Usd Million)
8.2.2 Impact Of Covid-19 On Oil & Gas Industry
Table 215 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Oil& Gas, 2016–2025
8.3 Food & Beverages
8.3.1 Food & Beverages Industry Employs Functional Safety Due To Regulatory Issues
Table 216 Functional Safety Market For Food & Beverages Industry, By Offering, 2016–2019 (Usd Million)
Table 217 Functional Safety Market For Food & Beverages Industry, By Offering, 2020–2025 (Usd Million)
Table 218 Functional Safety Market For Food & Beverages Industry, By System, 2016–2019 (Usd Million)
Table 219 Functional Safety Market For Food & Beverages Industry, By System, 2020–2025 (Usd Million)
Table 220 Functional Safety Market For Food & Beverages Industry, By Component, 2016–2019 (Usd Million)
Table 221 Functional Safety Market For Food & Beverages Industry, By Component, 2020–2025 (Usd Million)
Table 222 Functional Safety Market For Food & Beverages Industry, By Service, 2016–2019 (Usd Million)
Table 223 Functional Safety Market For Food & Beverages Industry, By Service, 2020–2025 (Usd Million)
8.3.2 Impact Of Covid-19 On Food & Beverages Industry
Table 224 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Food & Beverages, 2016–2025
8.4 Pharmaceuticals
8.4.1 Pharmaceutical Companies Implement Functional Safety To Prevent Potential Hazards
Table 225 Functional Safety Market For Pharmaceuticals Industry, By Offering, 2016–2019 (Usd Million)
Table 226 Functional Safety Market For Pharmaceuticals Industry, By Offering, 2020–2025 (Usd Million)
Table 227 Functional Safety Market For Pharmaceuticals Industry, By System, 2016–2019 (Usd Million)
Table 228 Functional Safety Market For Pharmaceuticals Industry, By System, 2020–2025 (Usd Million)
Table 229 Functional Safety Market For Pharmaceuticals Industry, By Component, 2016–2019 (Usd Million)
Table 230 Functional Safety Market For Pharmaceuticals Industry, By Component, 2020–2025 (Usd Million)
Table 231 Functional Safety Market For Pharmaceuticals Industry, By Service, 2016–2019 (Usd Million)
Table 232 Functional Safety Market For Pharmaceuticals Industry, By Service, 2020–2025 (Usd Million)
8.4.2 Impact Of Covid-19 On Pharmaceuticals Industry
Table 233 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Pharmaceuticals, 2016–2025
8.5 Chemicals
8.5.1 Demand For Safety And Reliability In Chemicals Industry Propels Growth Of Functional Safety Market
Table 234 Functional Safety Market For Chemicals Industry, By Offering, 2016–2019 (Usd Million)
Table 235 Functional Safety Market For Chemicals Industry, By Offering, 2020–2025 (Usd Million)
Table 236 Functional Safety Market For Chemicals Industry, By System, 2016–2019 (Usd Million)
Table 237 Functional Safety Market For Chemicals Industry, By System, 2020–2025 (Usd Million)
Table 238 Functional Safety Market For Chemicals Industry, By Component, 2016–2019 (Usd Million)
Table 239 Functional Safety Market For Chemicals Industry, By Component, 2020–2025 (Usd Million)
Table 240 Functional Safety Market For Chemicals Industry, By Service, 2016–2019 (Usd Million)
Table 241 Functional Safety Market For Chemicals Industry, By Service, 2020–2025 (Usd Million)
8.5.2 Impact Of Covid-19 On Chemicals Industry
Table 242 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Chemicals Industry
8.6 Power Generation
8.6.1 Power Generation Industry Uses Functional Safety For Protecting Plants From Hazards
Table 243 Functional Safety Market For Power Generation Industry, By Offering, 2016–2019 (Usd Million)
Table 244 Functional Safety Market For Power Generation Industry, By Offering, 2020–2025 (Usd Million)
Table 245 Functional Safety Market For Power Generation Industry, By System, 2016–2019 (Usd Million)
Table 246 Functional Safety Market For Power Generation Industry, By System, 2020–2025 (Usd Million)
Table 247 Functional Safety Market For Power Generation Industry, By Component, 2016–2019 (Usd Million)
Table 248 Functional Safety Market For Power Generation Industry, By Component, 2020–2025 (Usd Million)
Table 249 Functional Safety Market For Power Generation Industry, By Service, 2016–2019 (Usd Million)
Table 250 Functional Safety Market For Power Generation Industry, By Service, 2020–2025 (Usd Million)
8.6.2 Impact Of Covid-19 On Power Generation Industry
Table 251 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Power Generation, 2016–2025
8.7 Metals & Mining
8.7.1 Functional Safety Systems Help Ensure Efficient And Safe Production In Metals & Mining Industry
Table 252 Functional Safety Market For Metal & Mining Industry, By Offering, 2016–2019 (Usd Million)
Table 253 Functional Safety Market For Metal & Mining Industry, By Offering, 2020–2025 (Usd Million)
Table 254 Functional Safety Market For Metal & Mining Industry, By System, 2016–2019 (Usd Million)
Table 255 Functional Safety Market For Metal & Mining Industry, By System, 2020–2025 (Usd Million)
Table 256 Functional Safety Market For Metal & Mining Industry, By Component, 2016–2019 (Usd Million)
Table 257 Functional Safety Market For Metal & Mining Industry, By Component, 2020–2025 (Usd Million)
Table 258 Functional Safety Market For Metal & Mining Industry, By Service, 2016–2019 (Usd Million)
Table 259 Functional Safety Market For Metal & Mining Industry, By Service, 2020–2025 (Usd Million)
8.7.2 Impact Of Covid-19 On Metals & Mining Industry
Table 260 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Metals & Mining, 2016–2025
8.8 Water & Wastewater
8.8.1 Functional Safety Helps In Improving Operational Efficiency And Saving Operational Costs Of Water & Wastewater Treatment Plants
Table 261 Functional Safety Market For Water & Wastewater Industry, By Offering, 2016–2019 (Usd Million)
Table 262 Functional Safety Market For Water & Wastewater Industry, By Offering, 2020–2025 (Usd Million)
Table 263 Functional Safety Market For Water & Wastewater Industry, By System, 2016–2019 (Usd Million)
Table 264 Functional Safety Market For Water & Wastewater Industry, By System, 2020–2025 (Usd Million)
Table 265 Functional Safety Market For Water & Wastewater Industry, By Component, 2016–2019 (Usd Million)
Table 266 Functional Safety Market For Water & Wastewater Industry, By Component, 2020–2025 (Usd Million)
Table 267 Functional Safety Market For Water & Wastewater Industry, By Service, 2016–2019 (Usd Million)
Table 268 Functional Safety Market For Water & Wastewater Industry, By Service, 2020–2025 (Usd Million)
8.8.2 Impact Of Covid-19 On Water & Wastewater Industry
Table 269 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Water &Wastewater Industry, 2016–2025
8.9 Others
Table 270 Functional Safety Market For Other Industries, By Offering, 2016–2019 (Usd Million)
Table 271 Functional Safety Market For Other Industries, By Offering, 2020–2025 (Usd Million)
Table 272 Functional Safety Market For Other Industries, By System, 2016–2019 (Usd Million)
Table 273 Functional Safety Market For Other Industries, By System, 2020–2025 (Usd Million)
Table 274 Functional Safety Market For Other Industries, By Component, 2016–2019 (Usd Million)
Table 275 Functional Safety Market For Other Industries, By Component, 2020–2025 (Usd Million)
Table 276 Functional Safety Market For Other Industries, By Service, 2016–2019 (Usd Million)
Table 277 Functional Safety Market For Other Industries, By Service, 2020–2025 (Usd Million)
8.9.1 Impact Of Covid-19 On Other Industries
Table 278 Pre- And Post-Covid-19 Analysis Of Functional Safety Market For Other Industries, 2016–2025
9 Geographic Analysis
9.1 Introduction
Figure 25 Market In China To Grow At Fastest Rate During Forecast Period
Table 279 Functional Safety Market, By Region, 2016–2019 (Usd Million)
Table 280 Functional Safety Market, By Region, 2020–2025 (Usd Million)
9.2 North America
Figure 26 North America: Snapshot Of Functional Safety Market
Table 281 Functional Safety Market In North America, By Country, 2016–2019 (Usd Million)
Table 282 Functional Safety Market In North America, By Country, 2020 - 2025 (Usd Million)
Table 283 Functional Safety Market In North America, By System, 2016–2019 (Usd Million)
Table 284 Functional Safety Market In North America, By System, 2020–2025 (Usd Million)
Table 285 Functional Safety Market In North America, By Offering, 2016–2019 (Usd Million)
Table 286 Functional Safety Market In North America, By Offering, 2020–2025 (Usd Million)
Table 287 Functional Safety Market In North America, By Service, 2016–2019 (Usd Million)
Table 288 Functional Safety Market In North America, By Service, 2020–2025 (Usd Million)
Table 289 Functional Safety Market In North America, By Component, 2016–2019 (Usd Million)
Table 290 Functional Safety Market In North America, By Component, 2020–2025 (Usd Million)
9.2.1 Impact Of Covid-19 On North American Market
Table 291 Pre- And Post-Covid-19 Analysis Of Functional Safety Market In North America, 2016–2025
9.2.2 Us
9.2.2.1 Us To Hold Largest Size Of Functional Safety Market In North America During Forecast Period
9.2.3 Canada
9.2.3.1 Strict Government Regulations Drive Functional Safety Market In Canada
9.2.4 Mexico
9.2.4.1 Abundance Of Oil & Gas Reserves In Mexico To Offer Opportunities For Functional Safety Manufacturers
9.3 Europe
Figure 27 Europe: Snapshot Of Functional Safety Market
Table 292 Functional Safety Market In Europe, By Country, 2016–2019 (Usd Million)
Table 293 Functional Safety Market In Europe, By Country, 2020–2025 (Usd Million)
Table 294 Functional Safety Market In Europe, By System, 2016–2019 (Usd Million)
Table 295 Functional Safety Market In Europe, By System, 2020–2025 (Usd Million)
Table 296 Functional Safety Market In Europe, By Offering, 2016–2019 (Usd Million)
Table 297 Functional Safety Market In Europe, By Offering, 2020–2025 (Usd Million)
Table 298 Functional Safety Market In Europe, By Service, 2016–2019 (Usd Million)
Table 299 Functional Safety Market In Europe, By Service, 2020–2025 (Usd Million)
Table 300 Functional Safety Market In Europe, By Component, 2016–2019 (Usd Million)
Table 301 Functional Safety Market In Europe, By Component, 2020–2025 (Usd Million)
9.3.1 Impact Of Covid-19 On European Market
Table 302 Pre- And Post-Covid-19 Analysis Of Functional Safety Market In Europe, 2016–2025
9.3.2 Uk
9.3.2.1 Mandates For Safety Regulations Propel Demand For Functional Safety Systems And Services In Uk
9.3.3 Germany
9.3.3.1 Germany To Hold Largest Size Of Functional Safety Market In Europe During Forecast Period
9.3.4 France
9.3.4.1 Stringent Safety Requirements Are Driving Functional Safety Market In France
9.3.5 Rest Of Europe
9.4 Apac
Figure 28 Apac: Snapshot Of Functional Safety Market
Table 303 Functional Safety Market In Apac, By Country, 2016–2019 (Usd Million)
Table 304 Functional Safety Market In Apac, By Country, 2020–2025 (Usd Million)
Table 305 Functional Safety Market In Apac, By System, 2016–2019 (Usd Million)
Table 306 Functional Safety Market In Apac, By System, 2020–2025 (Usd Million)
Table 307 Functional Safety Market In Apac, By Offering, 2016–2019 (Usd Million)
Table 308 Functional Safety Market In Apac, By Offering, 2020–2025 (Usd Million)
Table 309 Functional Safety Market In Apac, By Service, 2016–2019 (Usd Million)
Table 310 Functional Safety Market In Apac, By Service, 2020–2025 (Usd Million)
Table 311 Functional Safety Market In Apac, By Component, 2016–2019 (Usd Million)
Table 312 Functional Safety Market In Apac, By Component, 2020–2025 (Usd Million)
9.4.1 Impact Of Covid-19 On Market In Apac
Table 313 Pre- And Post-Covid-19 Analysis Of Functional Safety Market In By Apac, 2016–2025
9.4.2 China
9.4.2.1 Oil & Gas And Chemicals Are Major End-User Industries For Functional Safety In China
9.4.3 Japan
9.4.3.1 Fast-Growing Process Industries In Japan Are Adhering To Safety Standards Thereby, Driving Adoption Of Functional Safety Products
9.4.4 India
9.4.4.1 Functional Safety Market In India To Grow At Highest Cagr During Forecast Period
9.4.5 South Korea
9.4.5.1 Stringent Law To Prevent Industrial Accidents Drives Functional Safety Market In South Korea
9.4.6 Rest Of Apac
9.5 Row
Figure 29 Middle East To Hold Larger Size Of Functional Safety Market In 2025
Table 314 Functional Safety Market In Row, By Region, 2016–2019 (Usd Million)
Table 315 Functional Safety Market In Row, By Region, 2020–2025 (Usd Million)
Table 316 Functional Safety Market In Row, By System, 2016–2019 (Usd Million)
Table 317 Functional Safety Market In Row, By System, 2020–2025 (Usd Million)
Table 318 Functional Safety Market In Row, By Offering, 2016–2019 (Usd Million)
Table 319 Functional Safety Market In Row, By Offering, 2020–2025 (Usd Million)
Table 320 Functional Safety Market In Row, By Service, 2016–2019 (Usd Million)
Table 321 Functional Safety Market In Row, By Service, 2020–2025 (Usd Million)
Table 322 Functional Safety Market In Row, By Component, 2016–2019 (Usd Million)
Table 323 Functional Safety Market In Row, By Component, 2020–2025 (Usd Million)
9.5.1 Impact Of Covid-19 On Market In Row
Table 324 Pre- And Post-Covid-19 Analysis Of Functional Safety Market In Row, 2016–2025
9.5.2 South America
9.5.2.1 South America To Be Booming Market For Functional Safety Solutions
9.5.3 Middle East & Africa
9.5.3.1 Middle East Held Larger Size Of Functional Safety Market For Oil & Gas Industry In 2019
10 Competitive Landscape
10.1 Overview
Figure 30 Key Developments In Functional Safety Market (2019 To 2020)
10.2 Market Ranking Analysis: Functional Safety Market
Figure 31 Ranking Of Key Players In Functional Safety Market, 2019
10.3 Competitive Leadership Mapping
10.3.1 Visionaries
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
Figure 32 Functional Safety Market (Global) Competitive Leadership Mapping, 2019
10.4 Strength Of Product Portfolio
Figure 33 Product Portfolio Analysis Of Top Players In Functional Safety Market
10.5 Business Strategy Excellence
Figure 34 Business Strategy Excellence Of Top Players In Functional Safety Market
10.6 Competitive Situation & Trends
10.6.1 Contracts, Agreements, And Partnerships
Table 325 Contracts, Agreements, And Partnerships, Joint Ventures, 2018–2020
10.6.2 Product Launches & Developments
Table 326 Product Launches And Developments, 2018–2020
10.6.3 Acquisitions
Table 327 Acquisitions, 2017–2018
11 Company Profiles (Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)*
11.1 Key Players
11.1.1 Schneider Electric
Figure 35 Schneider Electric: Company Snapshot
11.1.2 Honeywell
Figure 36 Honeywell: Company Snapshot
11.1.3 Abb
Figure 37 Abb: Company Snapshot
11.1.4 Rockwell
Figure 38 Rockwell: Company Snapshot
11.1.5 Hima Paul
11.1.6 Yokogawa
Figure 39 Yokogawa: Company Snapshot
11.1.7 Emerson Electric
Figure 40 Emerson: Company Snapshot
11.1.8 Ge
Figure 41 Ge: Company Snapshot
Figure 42 Omron: Company Snapshot
11.1.10 Siemens Ag
Figure 43 Siemens: Company Snapshot
11.2 Right To Win
11.3 Other Key Players
11.3.1 Johnson Controls
11.3.2 Balluff Gmbh
11.3.3 Mogas Industries
11.3.4 Pietro Fiorentini (Arvan Srl)
11.3.5 Frames Group
11.3.6 Schlumberger
11.3.7 Intertek
11.3.8 Dekra Se
11.3.9 Tüv Süd
11.3.10 Tuv Rheinland
11.3.11 Sgs Group
11.3.12 Exida
11.3.13 Velan Inc
11.3.14 Paladon Systems Ltd.
11.3.15 Proserv Ingenious Simplicity
*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
12 Adjacent & Related Markets
12.1 Introduction
12.2 Limitations
12.3 Process Automation And Instrumentation Market, By Industry
12.3.1 Introduction
Table 328 Process Automation And Instrumentation Market, By Industry, 2016–2024 (Usd Billion)
Table 329 Process Automation And Instrumentation Market For Solutions, By Industry, 2016–2024 (Usd Billion)
Table 330 Process Automation And Instrumentation Market For Instruments, By Industry, 2016–2024 (Usd Billion)
12.3.2 Chemicals
12.3.3 Energy & Power
12.3.4 Food & Beverages
12.3.5 Metals & Mining
12.3.6 Oil & Gas
12.3.7 Pharmaceuticals
12.3.8 Pulp & Paper
12.3.9 Water & Wastewater
12.3.10 Others
12.4 Process Automation And Instrumentation Market, By Region
12.4.1 Introduction
Table 331 Process Automation And Instrumentation Market, By Region, 2016–2024 (Usd Billion)
12.4.2 North America
Table 332 Process Automation And Instrumentation Market In North America, By Country, 2016–2024 (Usd Billion)
12.4.2.1 Us
12.4.2.2 Canada
12.4.2.3 Mexico
12.4.3 Europe
Table 333 Process Automation And Instrumentation Market In Europe, By Country, 2016–2024 (Usd Billion)
12.4.3.1 Germany
12.4.3.2 Uk
12.4.3.3 France
12.4.3.4 Rest Of Europe
12.4.4 Apac
Table 334 Process Automation And Instrumentation Market In Apac, By Country, 2016–2024 (Usd Billion)
12.4.4.1 China
12.4.5 Japan
12.4.6 India
12.4.7 Rest Of Apac
12.5 Row
Table 335 Process Automation & Instrumentation Market In Row, By Region, 2016–2024 (Usd Billion)
12.5.1 Middle East & Africa
12.5.2 South America
13 Appendix
13.1 Insights Of Industry Experts
13.2 Discussion Guide—Functional Safety Market
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
