機能安全市場：システム（ESD、F&G、TMC、BMS、HIPPS、SCADA、DCS）、デバイス（安全センサー、安全コントローラー、プログラマブル安全システム、安全スイッチ、緊急停止装置）、販売チャネル、産業、地域別 - 2027年までの世界予測

Functional Safety Market by System (ESD, F&G, TMC, BMS, HIPPS, SCADA, DCS), Device (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices), Sales Channel, Industry & Region - Global Forecast to 2027

機能安全の世界市場規模は、2022年の52億米ドルから2027年には72億米ドルへ、年平均成長率6.8％で拡大すると予測されています。機能安全市場の成長には、安全規制の義務化が重要な役割を果たしています。米国政府... もっと見る

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機能安全の世界市場規模は、2022年の52億米ドルから2027年には72億米ドルへ、年平均成長率6.8％で拡大すると予測されています。機能安全市場の成長には、安全規制の義務化が重要な役割を果たしています。米国政府や欧州各国政府は、人員やプロセスの安全性に関する規制を強化し、防爆センサーやスイッチ、アクチュエーターなどの認証機器を危険な場所に設置するなど、事故防止のための建設的な対策を行っている。
"2021年の機能安全市場では、SIL 3に準拠したシステムが最大のシェアを占める"
SIL 3に準拠したシステムは、2021年の機能安全市場で最大のシェアを占め、世界の機能安全市場のSILタイプ別で最も速い成長を目撃しています。現在、機能安全市場では、この安全規格に準拠したシステムがほとんどの企業で採用されています。例えば、シュナイダーエレクトリックは、SIL 3に準拠したModicon M580という安全PLCコントローラを提供しており、発電、石油・ガス、金属・鉱業、水・廃水処理などのプロセス産業で使用されている。さらに、Schneider ElectricのブランドであるTriconexは、SIL 3認証のTrident安全計装システムを提供しており、石油・ガスの上流・中流、化学、医薬品などさまざまな産業アプリケーションで使用されています。

"2021年、ディストリビューター／リセラーの販売チャネルは機能安全市場に最も貢献"
ディストリビューター／リセラーは、メーカーのパートナーとみなされ、メーカーと密接な関係にある。市場でブランド認知されていない設立間もない企業にとって、ディストリビューターとの強い関係は、各地域で効果的な販売を確立するのに役立ちます。代理店はメーカーから直接製品を購入し、製品の在庫を持ち、アフターサービスを提供し、再販業者や時には直接エンドユーザーに製品を再販する。2021年の機能安全市場の販売チャネル別貢献度は、販売代理店/再販業者が最も高い。
"北米の市場は2022年から2027年にかけて大きなCAGRで成長すると予想される"
北米の市場は、2022年から2027年にかけて大幅なCAGRで成長すると予想されています。この地域の市場は、米国とカナダで様々なプロセス産業で厳格に遵守されている機能安全規制により、大きなシェアを占めると予想されます。OSHA、ANSI、CSAグループによって策定された安全基準により、さまざまな産業が職場で機能的安全性を実装することを余儀なくされています。また、石油・ガス業界や精製業界では、職場の安全に対する関心が高まっており、北米の機能安全市場への投資を後押ししています。本調査における北米は、主要な石油・ガス生産国である米国とカナダで構成されています。また、この地域には、安全システムのサプライヤーやメーカーが多数進出しています。ロックウェル・オートメーション（米国）、ゼネラル・エレクトリック（米国）、エマソン・エレクトリック（米国）、ハネウェル・インターナショナル（米国）などが、北米の機能安全市場における主要企業として挙げられます。
主な参加企業のプロファイルの内訳。
- 企業タイプ別企業タイプ別：Tier 1 -51%、Tier 2 -32%、Tier 3 -17
- 役職別Cレベル経営者：47％、取締役：32％、その他：21
- 地域別北米：29％、欧州：27％、アジア太平洋：36％、RoW：8
シュナイダーエレクトリック（フランス）、ABB Ltd.（スイス）、ハネウェルインターナショナルInc.(ハネウェル・インターナショナル、エマソン・エレクトリック、ロックウェル・オートメーション、他
調査対象範囲
本レポートでは、機能安全市場をシステム、デバイス、販売チャネル、SILタイプ、産業、地域に基づいて区分しています。システムに基づく機能安全市場は、緊急停止システム、火災・ガス監視制御、ターボ機械制御、バーナー管理システム、高信頼性圧力保護システム、分散制御システム、監視制御・データ収集システムに区分され、デバイスに基づく市場は、安全センサー、安全コントローラ/モジュール/リレー、バルブ、プログラマブル安全システム、安全スイッチ、アクチュエータ、緊急停止装置、その他に区分されます。販売チャネルでは、機能安全市場はダイレクトチャネル、ディストリビューター/リセラー、システムインテグレーターに分類されます。SILタイプでは、機能安全市場はSIL 2、SIL 3、SIL 4に、産業別では、機能安全市場はプロセス産業とディスクリート産業に分類されます。また、北米、欧州、アジア太平洋地域、RoWの4つの主要地域における市場規模を予測しています。

レポート購入の主なメリット
本レポートは、本市場における市場リーダーや新規参入者に以下のようなメリットをもたらすでしょう。
本レポートは、機能安全市場を包括的にセグメント化し、全体的な市場規模およびシステム、デバイス、販売チャネル、SILタイプ、産業、地域を含むサブセグメントについて、最も近い近似値を提供します。
本レポートは、利害関係者が市場の脈動を理解するのに役立ち、機能安全市場に関連する主要な推進要因、阻害要因、課題、機会に関する情報を提供するものです。
本レポートは、利害関係者が競合他社をより良く理解し、ビジネスにおける自社の地位を向上させるためのより多くの洞察を得るのに役立つものと思われます。
競争環境のセクションでは、競合他社のエコシステムと、主要な市場プレーヤーが実施した製品の発売や買収などの成長戦略が含まれています。

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED 27
FIGURE 1 FUNCTIONAL SAFETY MARKET: SEGMENTATION 27
1.3.2 GEOGRAPHIC SCOPE 28
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY & PRICING 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 FUNCTIONAL SAFETY MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 32
2.1.2 SECONDARY DATA 33
2.1.2.1 List of major secondary sources 34
2.1.2.2 Key data from secondary sources 35
2.1.3 PRIMARY DATA 35
2.1.3.1 Primary interviews with experts 36
2.1.3.2 Key data from primary sources 36
2.1.3.3 Key industry insights 37
2.1.3.4 Breakdown of primaries 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 38
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side) 38
FIGURE 3 FUNCTIONAL SAFETY MARKET: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 39
2.2.2.1 Approach for capturing market size by using top-down analysis (supply side) 39
FIGURE 4 FUNCTIONAL SAFETY MARKET: TOP-DOWN APPROACH 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR FUNCTIONAL SAFETY MARKET USING SUPPLY-SIDE ANALYSIS 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 6 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
2.5 RISK ASSESSMENT 43
3 EXECUTIVE SUMMARY 44
FIGURE 7 FUNCTIONAL SAFETY MARKET, 2018–2027 (USD MILLION) 44
FIGURE 8 PROGRAMMABLE SAFETY SYSTEMS TO WITNESS HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD 45
FIGURE 9 EMERGENCY SHUTDOWN SYSTEMS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 46
FIGURE 10 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF FUNCTIONAL SAFETY MARKET BETWEEN 2022 AND 2027 47
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR FUNCTIONAL SAFETY MARKET 49
FIGURE 12 RISING ADOPTION OF FUNCTIONAL SAFETY SOLUTIONS IN VARIOUS INDUSTRIES FOR INCREASING OPERATIONAL EFFICIENCY AND SAFETY COMPLIANCE TO FUEL MARKET GROWTH DURING FORECAST PERIOD 49
4.2 FUNCTIONAL SAFETY MARKET, BY DEVICE 49
FIGURE 13 SAFETY SENSORS TO CAPTURE LARGEST MARKET SHARE FROM
2022 TO 2027 49
4.3 FUNCTIONAL SAFETY MARKET, BY SYSTEM 50
FIGURE 14 FIRE & GAS MONITORING CONTROLS TO REGISTER HIGHER CAGR FROM 2022 TO 2027 50
4.4 FUNCTIONAL SAFETY MARKET, BY INDUSTRY 50
FIGURE 15 OIL & GAS INDUSTRY TO HOLD LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2027 50
4.5 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY 51
FIGURE 16 OIL & GAS AND US TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN FUNCTIONAL SAFETY MARKET IN 2027 51
4.6 FUNCTIONAL SAFETY MARKET, BY COUNTRY 52
FIGURE 17 CHINA TO EXHIBIT HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET FROM 2022 TO 2027 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 18 FUNCTIONAL SAFETY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Strict mandates for safety regulations undertaken by governments 54
5.2.1.2 Increasing adoption of functional safety systems in oil & gas sector to enhance machine and worker safety 54
5.2.1.3 Surging demand for functional safety solutions to reduce accidents and ensure asset protection 55
5.2.1.4 Rising trend of Industry 4.0 across industries 55
FIGURE 19 FUNCTIONAL SAFETY MARKET: IMPACT ANALYSIS OF DRIVERS 56
5.2.2 RESTRAINTS 56
5.2.2.1 High initial investment, installation, and maintenance costs associated with functional safety systems 56
5.2.2.2 Complex global standards and lack of awareness 57
FIGURE 20 FUNCTIONAL SAFETY MARKET: IMPACT ANALYSIS OF RESTRAINTS 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Increasing importance of enhanced machine and worker safety in emerging economies 58
5.2.3.2 Rising acceptance of IIoT technology in industries 58
FIGURE 21 FUNCTIONAL SAFETY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 59
5.2.4 CHALLENGES 59
5.2.4.1 Issues in designing safety systems that meet complex functional safety standards 59
5.2.4.2 Shortage of skilled functional safety certified workforce 59
FIGURE 22 FUNCTIONAL SAFETY MARKET: IMPACT ANALYSIS OF CHALLENGES 60
5.3 VALUE CHAIN ANALYSIS 60
FIGURE 23 FUNCTIONAL SAFETY MARKET: VALUE CHAIN ANALYSIS 60
5.4 ECOSYSTEM ANALYSIS 62
FIGURE 24 FUNCTIONAL SAFETY MARKET: ECOSYSTEM ANALYSIS 62
TABLE 1 FUNCTIONAL SAFETY MARKET: ECOSYSTEM 62
5.4.1 PROCESS FLOW ANALYSIS OF FUNCTIONAL SAFETY MARKET 63
FIGURE 25 PROCESS FLOW ANALYSIS – FUNCTIONAL SAFETY MARKET 63
5.5 PRICING ANALYSIS 64
TABLE 2 AVERAGE SELLING PRICES OF COMPONENTS/DEVICES OF FUNCTIONAL SAFETY SYSTEMS OFFERED BY TOP COMPANIES, 2021 64
TABLE 3 INDICATIVE PRICES OF FUNCTIONAL SAFETY COMPONENTS/DEVICES 65
5.5.1 AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS 65
FIGURE 26 AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS 65
TABLE 4 AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS (USD) 66
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 66
FIGURE 27 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN FUNCTIONAL SAFETY MARKET 66
5.7 TECHNOLOGY ANALYSIS 66
5.7.1 COMPUTER VISION 66
5.7.2 AUTOMATED MACHINE LEARNING 67
5.7.3 INTERNET OF THINGS 67
5.7.4 VIRTUAL REALITY 67
5.7.5 5G 68
5.8 PORTER’S FIVE FORCES ANALYSIS 68
TABLE 5 FUNCTIONAL SAFETY MARKET: PORTER’S FIVE FORCES ANALYSIS 68
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 69
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 69
FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES 69
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES (%) 70
5.9.2 BUYING CRITERIA 70
FIGURE 29 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 70
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 70
5.10 CASE STUDIES 71
TABLE 8 FUNCTIONAL SAFETY RELAY REQUIRED FOR MACHINE SAFETY AND ENHANCING SAFETY OF WATER CUTTER 71
TABLE 9 TANK OVERSPILL PROTECTION SYSTEM OFFERED BY EMERSON ELECTRIC CO. HELPS TO INCREASE SAFETY MEASURES 71
TABLE 10 ULTRASONIC GAS LEAK DETECTION SYSTEM USED FOR EARLY DETECTION OF GAS LEAKS IN CRITICAL SITUATIONS 71
TABLE 11 IMPLEMENTATION OF FUNCTIONAL SAFETY LIFECYCLE COMPLIANT WITH REQUIREMENTS OF IEC 61511/ISA 84 TO STAGE 3 FSA 72
5.11 TRADE ANALYSIS 72
FIGURE 30 IMPORT SCENARIO OF TAPS, COCKS, VALVES, AND SIMILAR APPLIANCES,
BY KEY COUNTRY, 2016−2020 (USD MILLION) 72
FIGURE 31 EXPORT DATA FOR TAPS, COCKS, VALVES, AND SIMILAR APPLIANCES,
BY KEY COUNTRY, 2016−2020 (USD MILLION) 73
5.12 PATENT ANALYSIS 73
FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 73
TABLE 12 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 74
FIGURE 33 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 75
TABLE 13 LIST OF FEW PATENTS IN FUNCTIONAL SAFETY MARKET, 2020–2021 75
5.13 KEY CONFERENCES & EVENTS, 2022–2023 76
TABLE 14 FUNCTIONAL SAFETY MARKET: DETAILED LIST OF CONFERENCES & EVENTS 76
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 77
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
5.14.1 STANDARDS 78
TABLE 19 STANDARDS FOR FUNCTIONAL SAFETY MARKET 79
6 FUNCTIONAL SAFETY MARKET, BY DEVICE 80
6.1 INTRODUCTION 81
FIGURE 34 FUNCTIONAL SAFETY MARKET, BY DEVICE 81
FIGURE 35 SAFETY SENSORS TO HOLD LARGEST SIZE OF FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD 81
TABLE 20 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2018–2021 (USD MILLION) 82
TABLE 21 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2022–2027 (USD MILLION) 82
6.2 DEVICE 83
6.2.1 SAFETY SENSORS 83
6.2.1.1 Safety sensors are used in various functional safety systems such as ESD and HIPPS 83
TABLE 22 FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY SYSTEM,
2018–2021 (USD MILLION) 83
TABLE 23 FUNCTIONAL SAFETY MARKET FOR SAFETY SENSORS, BY SYSTEM,
2022–2027 (USD MILLION) 84
6.2.2 SAFETY CONTROLLERS/MODULES/RELAYS 84
6.2.2.1 Safety relays operate efficiently to meet existing safety standards 84
TABLE 24 FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY SYSTEM, 2018–2021 (USD MILLION) 85
TABLE 25 FUNCTIONAL SAFETY MARKET FOR SAFETY CONTROLLERS/MODULES/RELAYS, BY SYSTEM, 2022–2027 (USD MILLION) 85
6.2.3 PROGRAMMABLE SAFETY SYSTEMS 86
6.2.3.1 Market for programmable safety systems is anticipated to grow at rapid rate in coming years 86
TABLE 26 FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS,
BY SYSTEM, 2018–2021 (USD MILLION) 86
TABLE 27 FUNCTIONAL SAFETY MARKET FOR PROGRAMMABLE SAFETY SYSTEMS,
BY SYSTEM, 2022–2027 (USD MILLION) 87
6.2.4 SAFETY SWITCHES 87
6.2.4.1 Safety switches are designed to protect operators and equipment in automation plants 87
TABLE 28 FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY SYSTEM,
2018–2021 (USD MILLION) 88
TABLE 29 FUNCTIONAL SAFETY MARKET FOR SAFETY SWITCHES, BY SYSTEM,
2022–2027 (USD MILLION) 88
6.2.5 VALVES 89
6.2.5.1 Demand for valves is expected to rise in future due to increasing adoption of functional safety standards in emerging countries such as China and India 89
TABLE 30 FUNCTIONAL SAFETY MARKET FOR VALVES, BY SYSTEM,
2018–2021 (USD MILLION) 89
TABLE 31 FUNCTIONAL SAFETY MARKET FOR VALVES, BY SYSTEM,
2022–2027 (USD MILLION) 90
6.2.6 ACTUATORS 90
6.2.6.1 Extensive use of actuators in oil & gas industry is expected to drive growth of functional safety market 90
TABLE 32 FUNCTIONAL SAFETY MARKET FOR ACTUATORS, BY SYSTEM,
2018–2021 (USD MILLION) 90
TABLE 33 FUNCTIONAL SAFETY MARKET FOR ACTUATORS, BY SYSTEM,
2022–2027 (USD MILLION) 91
6.2.7 EMERGENCY STOP DEVICES 91
6.2.7.1 Emergency stop devices provide workers means of stopping devices during emergencies 91
TABLE 34 THREE COMMON TYPES OF EMERGENCY STOP DEVICES 91
TABLE 35 FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY SYSTEM, 2018–2021 (USD MILLION) 92
TABLE 36 FUNCTIONAL SAFETY MARKET FOR EMERGENCY STOP DEVICES, BY SYSTEM, 2022–2027 (USD MILLION) 92
6.2.8 OTHERS 93
TABLE 37 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM,
2018–2021 (USD MILLION) 93
TABLE 38 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM,
2022–2027 (USD MILLION) 93
6.3 SERVICES 94
6.3.1 DESIGN, ENGINEERING, & MAINTENANCE SERVICES ARE EXPECTED TO
HOLD LARGEST SIZE OF FUNCTIONAL SAFETY SERVICES MARKET 94
FIGURE 36 FUNCTIONAL SAFETY MARKET, BY SERVICE 94
TABLE 39 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2018–2021 (USD MILLION) 94
TABLE 40 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2022–2027 (USD MILLION) 94
TABLE 41 FUNCTIONAL SAFETY MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION) 95
TABLE 42 FUNCTIONAL SAFETY MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 95
6.3.2 TESTING, INSPECTION, & CERTIFICATION 95
6.3.3 DESIGN, ENGINEERING, & MAINTENANCE 96
6.3.4 TRAINING & CONSULTING 96
7 FUNCTIONAL SAFETY MARKET, BY SYSTEM 97
7.1 INTRODUCTION 98
FIGURE 37 FUNCTIONAL SAFETY MARKET, BY SYSTEM 98
FIGURE 38 EMERGENCY SHUTDOWN SYSTEMS TO HOLD LARGEST SIZE OF FUNCTIONAL SAFETY MARKET IN 2027 99
TABLE 43 FUNCTIONAL SAFETY MARKET, BY SYSTEM TYPE, 2018–2021 (USD MILLION) 99
TABLE 44 FUNCTIONAL SAFETY MARKET, BY SYSTEM TYPE, 2022–2027 (USD MILLION) 99
TABLE 45 FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2018–2021 (USD MILLION) 100
TABLE 46 FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 100
7.2 EMERGENCY SHUTDOWN SYSTEMS 101
7.2.1 EMERGENCY SHUTDOWN SYSTEMS ARE DESIGNED TO MINIMIZE DAMAGES IN EMERGENCY SITUATIONS 101
TABLE 47 FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS,
BY INDUSTRY, 2018–2021 (USD MILLION) 101
TABLE 48 FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS,
BY INDUSTRY, 2022–2027 (USD MILLION) 102
TABLE 49 FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS,
BY REGION, 2018–2021 (USD MILLION) 102
TABLE 50 FUNCTIONAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEMS,
BY REGION, 2022–2027 (USD MILLION) 102
7.3 FIRE & GAS MONITORING CONTROLS 103
7.3.1 EFFICIENT AND RELIABLE FIRE AND GAS MONITORING SYSTEMS ARE CRUCIAL TO SAFEGUARD ASSETS AND PEOPLE IN VARIOUS INDUSTRIES 103
TABLE 51 FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS,
BY INDUSTRY, 2018–2021 (USD MILLION) 104
TABLE 52 FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS,
BY INDUSTRY, 2022–2027 (USD MILLION) 104
TABLE 53 FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS,
BY REGION, 2018–2021 (USD MILLION) 105
TABLE 54 FUNCTIONAL SAFETY MARKET FOR FIRE & GAS MONITORING CONTROLS,
BY REGION, 2022–2027 (USD MILLION) 105
7.4 TURBOMACHINERY CONTROLS 105
7.4.1 TURBOMACHINERY CONTROLS PROVIDE SAFETY FROM UNEXPECTED BREAKDOWNS IN PLANTS 105
TABLE 55 FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS,
BY INDUSTRY, 2018–2021 (USD MILLION) 106
TABLE 56 FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS,
BY INDUSTRY, 2022–2027 (USD MILLION) 106
TABLE 57 FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS,
BY REGION, 2018–2021 (USD MILLION) 107
TABLE 58 FUNCTIONAL SAFETY MARKET FOR TURBOMACHINERY CONTROLS,
BY REGION, 2022–2027 (USD MILLION) 107
7.5 BURNER MANAGEMENT SYSTEMS 107
7.5.1 BMS HELPS IN SAFE AND RELIABLE MONITORING, OPERATIONS,
AND MAINTENANCE OF ALL COMBUSTION ASSETS IN PLANTS 107
TABLE 59 FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS,
BY INDUSTRY, 2018–2021 (USD MILLION) 108
TABLE 60 FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS,
BY INDUSTRY, 2022–2027 (USD MILLION) 108
TABLE 61 FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 62 FUNCTIONAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEMS,
BY REGION, 2022–2027 (USD MILLION) 109
7.6 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS 110
7.6.1 HIPPS PROTECTS PLANT EQUIPMENT, PERSONNEL, AND ENVIRONMENT
BY RELIABLY AND SAFELY CLOSING SOURCE OF OVERPRESSURE 110
TABLE 63 FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY INDUSTRY, 2018–2021 (USD MILLION) 110
TABLE 64 FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY INDUSTRY, 2022–2027 (USD MILLION) 111
TABLE 65 FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY REGION, 2018–2021 (USD MILLION) 111
TABLE 66 FUNCTIONAL SAFETY MARKET FOR HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS, BY REGION, 2022–2027 (USD MILLION) 111
7.7 DISTRIBUTED CONTROL SYSTEMS 112
7.7.1 DCS MAINTAINS DIGITAL COMMUNICATION BETWEEN VARIOUS COMPONENTS AND ALLOWS EFFECTIVE CONTROL OVER PROCESSES 112
TABLE 67 FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS,
BY INDUSTRY, 2018–2021 (USD MILLION) 112
TABLE 68 FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS,
BY INDUSTRY, 2022–2027 (USD MILLION) 113
TABLE 69 FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS,
BY REGION, 2018–2021 (USD MILLION) 113
TABLE 70 FUNCTIONAL SAFETY MARKET FOR DISTRIBUTED CONTROL SYSTEMS,
BY REGION, 2022–2027 (USD MILLION) 113
7.8 SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS 114
7.8.1 SCADA IS CONSIDERED FUNCTIONAL SAFETY SYSTEM THAT OPERATES TO PROVIDE CONTROL OF REMOTE DEVICES AND ALSO ACQUIRE DATA FROM THESE DEVICES 114
TABLE 71 FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY INDUSTRY, 2018–2021 (USD MILLION) 114
TABLE 72 FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY INDUSTRY, 2022–2027 (USD MILLION) 115
TABLE 73 FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY REGION, 2018–2021 (USD MILLION) 115
TABLE 74 FUNCTIONAL SAFETY MARKET FOR SUPERVISORY CONTROL AND DATA ACQUISITION SYSTEMS, BY REGION, 2022–2027 (USD MILLION) 116
8 FUNCTIONAL SAFETY MARKET, BY INDUSTRY 117
8.1 INTRODUCTION 118
FIGURE 39 FUNCTIONAL SAFETY MARKET, BY INDUSTRY 118
FIGURE 40 OIL & GAS INDUSTRY TO HOLD LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2027 119
TABLE 75 FUNCTIONAL SAFETY MARKET, BY INDUSTRY TYPE,
2018–2021 (USD MILLION) 119
TABLE 76 FUNCTIONAL SAFETY MARKET, BY INDUSTRY TYPE,
2022–2027 (USD MILLION) 119
TABLE 77 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION) 120
TABLE 78 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2022–2027 (USD MILLION) 120
8.2 PROCESS INDUSTRY 121
8.2.1 OIL & GAS 121
8.2.1.1 Oil & gas industry expected to account for largest market share during forecast period 121
TABLE 79 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY STREAM,
2018–2021 (USD MILLION) 121
TABLE 80 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY STREAM,
2022–2027 (USD MILLION) 122
8.2.1.2 Upstream 122
8.2.1.3 Midstream 122
8.2.1.4 Downstream 122
TABLE 81 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM,
2018–2021 (USD MILLION) 123
TABLE 82 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM,
2022–2027 (USD MILLION) 123
TABLE 83 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY REGION,
2018–2021 (USD MILLION) 123
TABLE 84 FUNCTIONAL SAFETY MARKET FOR OIL & GAS, BY REGION,
2022–2027 (USD MILLION) 124
8.2.2 POWER GENERATION 124
8.2.2.1 Power generation industry uses burner management systems for protecting plants from hazards 124
TABLE 85 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY SYSTEM,
2018–2021 (USD MILLION) 125
TABLE 86 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY SYSTEM,
2022–2027 (USD MILLION) 125
TABLE 87 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY REGION,
2018–2021 (USD MILLION) 125
TABLE 88 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION, BY REGION,
2022–2027 (USD MILLION) 126
8.2.3 CHEMICALS 126
8.2.3.1 Safety and reliability are important factors in chemicals industry, which are expected to drive market growth in coming years 126
TABLE 89 FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY SYSTEM,
2018–2021 (USD MILLION) 127
TABLE 90 FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY SYSTEM,
2022–2027 (USD MILLION) 127
TABLE 91 FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY REGION,
2018–2021 (USD MILLION) 127
TABLE 92 FUNCTIONAL SAFETY MARKET FOR CHEMICALS, BY REGION,
2022–2027 (USD MILLION) 128
8.2.4 FOOD & BEVERAGES 128
8.2.4.1 Emergency shutdown systems help in identifying abnormal conditions in food & beverages industry and initiate safe shutdowns in case of emergencies 128
TABLE 93 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM,
2018–2021 (USD MILLION) 129
TABLE 94 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM,
2022–2027 (USD MILLION) 129
TABLE 95 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY REGION,
2018–2021 (USD MILLION) 129
TABLE 96 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES, BY REGION,
2022–2027 (USD MILLION) 130
8.2.5 WATER & WASTEWATER TREATMENT 130
8.2.5.1 Water & wastewater treatment industry widely adopts functional safety solutions to safeguard plant environment from failures 130
TABLE 97 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT,
BY SYSTEM, 2018–2021 (USD MILLION) 131
TABLE 98 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT,
BY SYSTEM, 2022–2027 (USD MILLION) 131
TABLE 99 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT,
BY REGION, 2018–2021 (USD MILLION) 131
TABLE 100 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER TREATMENT,
BY REGION, 2022–2027 (USD MILLION) 132
8.2.6 PHARMACEUTICALS 132
8.2.6.1 Effective safety instrumented system prevents potential hazards and ensures machine safety in pharmaceuticals industry 132
TABLE 101 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY SYSTEM,
2018–2021 (USD MILLION) 133
TABLE 102 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY SYSTEM,
2022–2027 (USD MILLION) 133
TABLE 103 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY REGION,
2018–2021 (USD MILLION) 133
TABLE 104 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS, BY REGION,
2022–2027 (USD MILLION) 134
8.2.7 METALS & MINING 134
8.2.7.1 Fire & gas monitoring control systems help in reducing accident risks and damage in emergencies in metals & mining industry 134
TABLE 105 FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY SYSTEM,
2018–2021 (USD MILLION) 135
TABLE 106 FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY SYSTEM,
2022–2027 (USD MILLION) 135
TABLE 107 FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY REGION,
2018–2021 (USD MILLION) 135
TABLE 108 FUNCTIONAL SAFETY MARKET FOR METALS & MINING, BY REGION,
2022–2027 (USD MILLION) 136
8.2.8 OTHERS 136
TABLE 109 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM,
2018–2021 (USD MILLION) 136
TABLE 110 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY SYSTEM,
2022–2027 (USD MILLION) 137
TABLE 111 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY REGION,
2018–2021 (USD MILLION) 137
TABLE 112 FUNCTIONAL SAFETY MARKET FOR OTHERS, BY REGION,
2022–2027 (USD MILLION) 137
8.3 DISCRETE INDUSTRY 138
8.3.1 AUTOMOTIVE 138
8.3.1.1 Machine safety systems used in automotive industry detect unsafe conditions 138
TABLE 113 FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM,
2018–2021 (USD MILLION) 138
TABLE 114 FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM,
2022–2027 (USD MILLION) 138
TABLE 115 FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY REGION,
2018–2021 (USD MILLION) 139
TABLE 116 FUNCTIONAL SAFETY MARKET FOR AUTOMOTIVE, BY REGION,
2022–2027 (USD MILLION) 139
8.3.2 RAILWAYS 139
8.3.2.1 Functional safety systems improve railways and associated infrastructure safety by continuously monitoring various critical parameters 139
TABLE 117 FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY SYSTEM,
2018–2021 (USD MILLION) 140
TABLE 118 FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY SYSTEM,
2022–2027 (USD MILLION) 140
TABLE 119 FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY REGION,
2018–2021 (USD MILLION) 140
TABLE 120 FUNCTIONAL SAFETY MARKET FOR RAILWAYS, BY REGION,
2022–2027 (USD MILLION) 140

8.3.3 MEDICAL 141
8.3.3.1 Stringent safety standards and regulatory compliances for medical industry are driving demand for functional safety systems 141
TABLE 121 FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY SYSTEM,
2018–2021 (USD MILLION) 141
TABLE 122 FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY SYSTEM,
2022–2027 (USD MILLION) 141
TABLE 123 FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY REGION,
2018–2021 (USD MILLION) 142
TABLE 124 FUNCTIONAL SAFETY MARKET FOR MEDICAL, BY REGION,
2022–2027 (USD MILLION) 142
9 FUNCTIONAL SAFETY MARKET, BY SIL TYPE 143
9.1 INTRODUCTION 143
FIGURE 41 FUNCTIONAL SAFETY MARKEY: PERCENTAGE CONTRIBUTIONS OF
SIL TYPES, 2021 143
9.2 SIL 2 144
9.3 SIL 3 144
9.4 SIL 4 144
10 FUNCTIONAL SAFETY MARKET, BY SALES CHANNEL 145
10.1 INTRODUCTION 145
FIGURE 42 FUNCTIONAL SAFETY MARKET: PERCENTAGE CONTRIBUTION OF
SALES CHANNELS, 2021 145
10.2 DIRECT CHANNEL 145
10.3 DISTRIBUTORS/RESELLERS 146
10.4 SYSTEM INTEGRATORS 146
11 GEOGRAPHIC ANALYSIS 147
11.1 INTRODUCTION 148
FIGURE 43 FUNCTIONAL SAFETY MARKET, BY GEOGRAPHY 148
FIGURE 44 CHINA TO EXHIBIT HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET FROM 2022 TO 2027 149
TABLE 125 FUNCTIONAL SAFETY MARKET, BY REGION, 2018–2021 (USD MILLION) 149
TABLE 126 FUNCTIONAL SAFETY MARKET, BY REGION, 2022–2027 (USD MILLION) 149
11.2 NORTH AMERICA 150
FIGURE 45 NORTH AMERICA: SNAPSHOT OF FUNCTIONAL SAFETY MARKET 151
FIGURE 46 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD 152
TABLE 127 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 152
TABLE 128 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 152
TABLE 129 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM,
2018–2021 (USD MILLION) 153
TABLE 130 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM,
2022–2027 (USD MILLION) 153
11.2.1 US 154
11.2.1.1 Increasing oil production is offering functional safety solution providers opportunity to meet growing demand for safety systems 154
11.2.2 CANADA 154
11.2.2.1 Strict government regulations drive functional safety market in Canada 154
11.2.3 MEXICO 155
11.2.3.1 Growing safety requirements in oil & gas industry are boosting functional safety market growth 155
11.3 EUROPE 155
FIGURE 47 EUROPE: SNAPSHOT OF FUNCTIONAL SAFETY MARKET 156
FIGURE 48 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD 157
TABLE 131 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 157
TABLE 132 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 157
TABLE 133 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM,
2018–2021 (USD MILLION) 158
TABLE 134 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM,
2022–2027 (USD MILLION) 158
11.3.1 GERMANY 159
11.3.1.1 Germany to hold largest size of functional safety market in Europe during forecast period 159
11.3.2 UK 159
11.3.2.1 Mandates for safety regulations propel demand for functional safety systems and services in UK 159
11.3.3 FRANCE 160
11.3.3.1 Stringent safety requirements are driving functional safety market in France 160
11.3.4 REST OF EUROPE 160
11.4 ASIA PACIFIC 160
FIGURE 49 ASIA PACIFIC: SNAPSHOT OF FUNCTIONAL SAFETY MARKET 161
FIGURE 50 CHINA TO ACCOUNT FOR LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC DURING FORECAST PERIOD 162
TABLE 135 FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY COUNTRY,
2018–2021 (USD MILLION) 162
TABLE 136 FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2027 (USD MILLION) 162
TABLE 137 FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY SYSTEM,
2018–2021 (USD MILLION) 163
TABLE 138 FUNCTIONAL SAFETY MARKET IN ASIA PACIFIC, BY SYSTEM,
2022–2027 (USD MILLION) 163

11.4.1 CHINA 164
11.4.1.1 Growth of automotive industry will help drive functional safety market in China 164
11.4.2 JAPAN 164
11.4.2.1 Process and discrete industries in Japan are adhering to safety standards thereby, driving adoption of functional safety products 164
11.4.3 INDIA 165
11.4.3.1 Increasing number of power projects to meet rising electricity demand in India propels adoption of functional safety systems at plant locations 165
11.4.4 SOUTH KOREA 165
11.4.4.1 Stringent laws to prevent industrial accidents drive functional safety market 165
11.4.5 REST OF ASIA PACIFIC 166
11.5 ROW 166
FIGURE 51 MIDDLE EAST TO HOLD LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN ROW DURING FORECAST PERIOD 166
TABLE 139 FUNCTIONAL SAFETY MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 166
TABLE 140 FUNCTIONAL SAFETY MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 167
TABLE 141 FUNCTIONAL SAFETY MARKET IN MIDDLE EAST, BY COUNTRY,
2018–2021 (USD MILLION) 167
TABLE 142 FUNCTIONAL SAFETY MARKET IN MIDDLE EAST, BY COUNTRY,
2022–2027 (USD MILLION) 167
TABLE 143 FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM,
2018–2021 (USD MILLION) 167
TABLE 144 FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM,
2022–2027 (USD MILLION) 168
11.5.1 MIDDLE EAST 168
11.5.1.1 Middle East held largest share of functional safety market in RoW in 2021 168
11.5.2 AFRICA 169
11.5.2.1 High potential in power, chemicals, and mining industries creating opportunities for functional safety market in Africa 169
11.5.3 SOUTH AMERICA 169
11.5.3.1 Expansion of pharmaceuticals industry has contributed to increased deployment of safety systems in manufacturing plants 169
12 COMPETITIVE LANDSCAPE 170
12.1 INTRODUCTION 170
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 170
TABLE 145 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN FUNCTIONAL SAFETY MARKET 170
12.3 TOP 5 COMPANY REVENUE ANALYSIS 172
FIGURE 52 FUNCTIONAL SAFETY MARKET: REVENUE ANALYSIS OF TOP 5 PLAYERS, 2017–2021 172
12.4 MARKET SHARE ANALYSIS, 2021 172
TABLE 146 FUNCTIONAL SAFETY MARKET: MARKET SHARE ANALYSIS (2021) 173
12.5 COMPANY EVALUATION QUADRANT, 2021 174
12.5.1 STAR 174
12.5.2 EMERGING LEADER 174
12.5.3 PERVASIVE 175
12.5.4 PARTICIPANT 175
FIGURE 53 FUNCTIONAL SAFETY MARKET: COMPANY EVALUATION QUADRANT, 2021 175
12.6 SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION QUADRANT, 2021 176
12.6.1 PROGRESSIVE COMPANY 176
12.6.2 RESPONSIVE COMPANY 176
12.6.3 DYNAMIC COMPANY 176
12.6.4 STARTING BLOCK 176
FIGURE 54 FUNCTIONAL SAFETY MARKET, SME EVALUATION QUADRANT, 2021 177
12.7 FUNCTIONAL SAFETY MARKET: COMPANY FOOTPRINT 178
TABLE 147 COMPANY FOOTPRINT 178
TABLE 148 INDUSTRY: COMPANY FOOTPRINT 179
TABLE 149 REGIONAL: COMPANY FOOTPRINT 180
12.8 COMPETITIVE BENCHMARKING 181
TABLE 150 FUNCTIONAL SAFETY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 181
TABLE 151 FUNCTIONAL SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 182
12.9 COMPETITIVE SITUATIONS AND TRENDS 183
12.9.1 FUNCTIONAL SAFETY MARKET: PRODUCT LAUNCHES 183
12.9.2 FUNCTIONAL SAFETY MARKET: DEALS 185
13 COMPANY PROFILES 188
(Business overview, Products offered, Recent Developments, MNM view)*
13.1 KEY PLAYERS 188
13.1.1 SCHNEIDER ELECTRIC 188
TABLE 152 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 188
FIGURE 55 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 189
TABLE 153 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS 190
TABLE 154 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 191
TABLE 155 SCHNEIDER ELECTRIC: DEALS 191
13.1.2 ABB LTD. 193
TABLE 156 ABB LTD: BUSINESS OVERVIEW 193
FIGURE 56 ABB LTD: COMPANY SNAPSHOT 194
TABLE 157 ABB LTD: PRODUCT OFFERINGS 195
TABLE 158 ABB LTD: PRODUCT LAUNCHES 196
TABLE 159 ABB LTD: DEALS 196
13.1.3 HONEYWELL INTERNATIONAL INC. 198
TABLE 160 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW 198
FIGURE 57 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 199
TABLE 161 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 200
TABLE 162 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 201
TABLE 163 HONEYWELL INTERNATIONAL INC.: DEALS 201
13.1.4 EMERSON ELECTRIC CO. 203
TABLE 164 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW 203
FIGURE 58 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 204
TABLE 165 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS 205
TABLE 166 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES 206
TABLE 167 EMERSON ELECTRIC CO.: DEALS 206
13.1.5 ROCKWELL AUTOMATION INC. 208
TABLE 168 ROCKWELL AUTOMATION INC.: BUSINESS OVERVIEW 208
FIGURE 59 ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT 209
TABLE 169 ROCKWELL AUTOMATION INC.: PRODUCT OFFERINGS 209
TABLE 170 ROCKWELL AUTOMATION INC.: PRODUCT LAUNCHES 211
TABLE 171 ROCKWELL AUTOMATION INC.: DEALS 211
13.1.6 YOKOGAWA ELECTRIC CORPORATION 213
TABLE 172 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW 213
FIGURE 60 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 214
TABLE 173 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS 215
TABLE 174 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES 215
TABLE 175 YOKOGAWA ELECTRIC CORPORATION.: DEALS 216
13.1.7 HIMA PAUL HILDEBRANDT GMBH 217
TABLE 176 HIMA PAUL HILDEBRANDT GMBH: BUSINESS OVERVIEW 217
TABLE 177 HIMA PAUL HILDEBRANDT GMBH: PRODUCT OFFERINGS 218
TABLE 178 HIMA PAUL HILDEBRANDT GMBH: PRODUCT LAUNCHES 219
13.1.8 GENERAL ELECTRIC COMPANY 220
TABLE 179 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW 220
FIGURE 61 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 221
TABLE 180 GENERAL ELECTRIC COMPANY: PRODUCT OFFERINGS 221
13.1.9 OMRON CORPORATION 222
TABLE 181 OMRON CORPORATION: BUSINESS OVERVIEW 222
FIGURE 62 OMRON CORPORATION: COMPANY SNAPSHOT 223
TABLE 182 OMRON CORPORATION: PRODUCT OFFERINGS 224
TABLE 183 OMRON CORPORATION: PRODUCT LAUNCHES 224
13.1.10 SIEMENS 225
TABLE 184 SIEMENS: BUSINESS OVERVIEW 225
FIGURE 63 SIEMENS: COMPANY SNAPSHOT 226
TABLE 185 SIEMENS: PRODUCT OFFERINGS 227
TABLE 186 SIEMENS: DEALS 227

13.2 OTHER KEY PLAYERS 228
13.2.1 JOHNSON CONTROLS, INC. 228
13.2.2 BALLUFF GMBH 229
13.2.3 SCHLUMBERGER LIMITED 230
13.2.4 VELAN INC. 231
13.2.5 PALADON SYSTEMS LTD. 232
13.2.6 INTERTEK GROUP PLC 233
13.2.7 DEKRA 234
13.2.8 TÜV SÜD AG 235
13.2.9 TUV RHEINLAND 236
13.2.10 SGS 237
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

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Table of Contents

Summary

The global functional safety market size is estimated to grow from USD 5.2 billion in 2022 to USD 7.2 billion by 2027, at a CAGR of 6.8%. Mandates for safety regulations play a significant role in the growth of the functional safety market. The US government and governments of countries in Europe are undertaking constructive measures to prevent accidents by enforcing regulations related to personnel and process safety and installing certified equipment, including explosion-proof sensors, switches, and actuators in hazardous locations.
"Systems compliant with SIL 3 accounted for the largest share in the functional safety market in 2021”
The systems compliant with SIL 3 accounted for the largest share in the functional safety market in 2021 and witnessed the fastest growth in the global functional safety market, by SIL type. Presently, systems based on this safety compliance are adopted by most companies in the functional safety market. For instance, Schneider Electric offers a safety PLC controller, named Modicon M580, which is compliant with SIL 3 and is being used in process industries such as power generation, oil & gas, metals & mining, and water & wastewater treatment. Further, Triconex, a brand of Schneider Electric, provides Trident safety instrumented systems with SIL 3 certification, which are used in various industrial applications such as upstream and midstream oil and gas, chemicals, and pharmaceuticals.

“In 2021, the distributors/resellers sales channel contributed highest to the functional safety market”
Distributors/resellers are considered partners with the manufacturers and are closely associated with the manufacturers. For a newly established company that does not have brand recognition in the market, a strong distributor relationship can help establish effective sales in various regions. The distributors buy the products directly from the manufacturers, hold the inventory of the products, offer after-sale services, and resell the products to resellers or sometimes to the end users directly. In 2021, the distributors/resellers segment contributed highest to the functional safety market, by sales channel.
“The market in North America is expected to grow at a significant CAGR from 2022 to 2027”
The market in North America is expected to grow at a significant CAGR from 2022 to 2027. The market in this region is expected to hold a significant share owing to the stringent functional safety regulations in the US and Canada that are strictly followed across various process industries. Safety standards developed by OSHA, ANSI, and CSA Group have forced various industries to implement functional safety at their workplaces. In addition, a rising focus on workplace safety in the oil & gas and refining industries has promoted encouraging investments in the functional safety market in North America. North America in this study comprises the US and Canada, which are the major oil and gas producing countries. Further, several suppliers and manufacturers of safety systems have their facilities in the region. Rockwell Automation Inc. (US), General Electric Company (US), Emerson Electric Co. (US), and Honeywell International Inc. (US) are among the key players in the functional safety market in North America.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 -51%, Tier 2 -32%, and Tier 3 -17%
• By Designation: C-level Executives -47%,Directors-32%, andOthers -21%
• By Region: North America -29%, Europe –27%, Asia Pacific-36%, and RoW-8%
Major players profiled in this reportare as follows:Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation Inc. (US), and others.
Research Coverage
In this report, the functional safety market has been segmented based on system, device, sales channel, SIL type, industry, and region. The functional safety market based on system has been segmented into emergency shutdown systems, fire & gas monitoring controls, turbo machinery controls, burner management systems, high integrity pressure protection system, distributed control systems, and supervisory control and data acquisition systems.Based on device, the market has been segmented into safety sensors, safety controllers/ modules/ relays, valves, programmable safety systems, safety switches, actuators, emergency stop devices, and others. Based on sales channels, functional safety market has been segmented into direct channel, distributors/ resellers, and system integrators. Based on SIL type, functional safety market has been segmented into SIL 2, SIL 3, AND SIL 4. Based on industry, functional safety market has been segmented into process and discrete industry. The study also forecaststhe size of the market in fourmain regions—North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the functional safety market comprehensively and provides the closest approximation of the overall market size and subsegments that include system, device, sales channel, SIL type, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining tothe functional safety market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches and acquisitions carried out by major market players.

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調査レポートの納品までの日数はどの程度ですか?

在庫のあるものは速納となりますが、平均的には 3-４日と見て下さい。
但し、一部の調査レポートでは、発注を受けた段階で内容更新をして納品をする場合もあります。
発注をする前のお問合せをお願いします。

注文の手続きはどのようになっていますか?

1)お客様からの御問い合わせをいただきます。
2)見積書やサンプルの提示をいたします。
3)お客様指定、もしくは弊社の発注書をメール添付にて発送してください。
4)データリソース社からレポート発行元の調査会社へ納品手配します。
5) 調査会社からお客様へ納品されます。最近は、pdfにてのメール納品が大半です。

お支払方法の方法はどのようになっていますか?

納品と同時にデータリソース社よりお客様へ請求書（必要に応じて納品書も）を発送いたします。
お客様よりデータリソース社へ（通常は円払い）の御振り込みをお願いします。
請求書は、納品日の日付で発行しますので、翌月最終営業日までの当社指定口座への振込みをお願いします。振込み手数料は御社負担にてお願いします。
お客様の御支払い条件が60日以上の場合は御相談ください。
尚、初めてのお取引先や個人の場合、前払いをお願いすることもあります。ご了承のほど、お願いします。

データリソース社はどのような会社ですか?

当社は、世界各国の主要調査会社・レポート出版社と提携し、世界各国の市場調査レポートや技術動向レポートなどを日本国内の企業・公官庁及び教育研究機関に提供しております。
世界各国の「市場・技術・法規制などの」実情を調査・収集される時には、データリソース社にご相談ください。
お客様の御要望にあったデータや情報を抽出する為のレポート紹介や調査のアドバイスも致します。

サマリー

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Summary

Table of Contents

ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

本レポートと同分野（通信回線）の最新刊レポート

MarketsandMarkets社の通信回線分野での最新刊レポート

本レポートと同じKEY WORD（device）の最新刊レポート

よくあるご質問

MarketsandMarkets社はどのような調査会社ですか?

調査レポートの納品までの日数はどの程度ですか?

注文の手続きはどのようになっていますか?

お支払方法の方法はどのようになっていますか?

データリソース社はどのような会社ですか?