Latest research report on “Functional Safety Devices Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Functional 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.
This report 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.
MARKET MONITOR GLOBAL, INC (MMG) has 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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