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Download Free sampleFunctional safety device is part of the overall safety of a system or piece of equipment and generally focuses on electronics and related software. It looks at aspects of safety that relate to the function of a device and ensures that it works correctly in response to commands it receives. In a systemic approach Functional safety identifies potentially dangerous conditions, situations or events that could result in an accident that could harm somebody or destroy something. It enables corrective or preventive actions to avoid or reduce the impact of an accident.
Functional Safety Devices Market contains market size and forecasts of Functional Safety Devices in global, including the following market information:
Global Functional Safety Devices Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Functional Safety Devices Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Functional Safety Devices companies in 2021 (%)
The global Functional Safety Devices market was valued at 6541 million in 2021 and is projected to reach US$ 11310 million by 2028, at a CAGR of 8.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Safety Sensors Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Functional Safety Devices include Siemens, ABB, Schneider, Honeywell, Rockwell Automation, Mitsubishi Electric, Emerson, Yokogawa Electric and GE, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Functional Safety Devices manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Functional Safety Devices Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Functional Safety Devices Market Segment Percentages, by Type, 2021 (%)
Safety Sensors
Safety PLCs
Safety Relays
Safety Valves
Safety Actuators
Safety Switchs
Others
Global Functional Safety Devices Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Functional Safety Devices Market Segment Percentages, by Application, 2021 (%)
Automotive
Rail Transit
Chemical
Oil and Gas
Medical
Power Generation
Elevator and Escalator
Others
Global Functional Safety Devices Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Functional Safety Devices Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Functional Safety Devices revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Functional Safety Devices revenues share in global market, 2021 (%)
Key companies Functional Safety Devices sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Functional Safety Devices sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens
ABB
Schneider
Honeywell
Rockwell Automation
Mitsubishi Electric
Emerson
Yokogawa Electric
GE
Omron
TE Connectivity
SICK
PILZ
HIMA Paul Hildebrandt
Endress+Hauser
Eaton
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