Functional Safety Market by Safety Sensors (Emergency Stop, Temperature, Pressure, Gas), Safety Light Curtain, Safety Controller, Programmable Safety System, Safety Switches, TIC Analysis Type (Fault & Event Analysis), Robotics – Global Forecast to 2029
The global functional safety market was valued at USD 5,883.4 million in 2024 and is projected to reach USD 7,896.7 million by 2029; it is expected to register a CAGR of 6.1% during the forecast period. Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities is driving the functional safety market. Whereas high installation and maintenance costs is restraining the growth of the functional safety market.
“Emergency Shutdown System (ESD) segment is expected to hold the largest market share throughout the forecast period.”
An ESD system is used to manage emergencies, especially those that can lead to the release of hydrocarbons, uncontrolled flood, or fire outbreaks in areas where the materials stored are hazardous. Such emergencies can lead to the stoppage of a plant, unit or equipment. Concha, sensors relating to ESD capture specific states and logic solvers act on these sensors to put final items like valves and pumps to a safe state. In the event of a problem, the ESD system removes power from the process, but at the same time in a controlled manner.
Furthermore, ESD systems are essential in multiple sectors, such as oil & gas, chemicals, power generation, manufacturing, and water treatment. They act promptly on their own in situations like leakage, fire, or system failure where they shut down the equipment, safeguard the workers, and observe various measures and codes of safety.
“Non-robotic application of functional safety is expected to hold the largest market share during the forecast period.”
The functional safety market for non-robotic application is expected to have the largest market share during the forecast period as functional safety is more of an imperative and has a lot to offer high-risk industries such as manufacturing, oil and gas industry and power generation industries. These are regulatory requirements such as IEC 61508/ 61511 or other regulations that govern use of many safety critical systems, need for protection of assets and machinery.
"Oil & Gas segment is likely to hold the largest market in 2024.”
The global functional safety market is expected to register the largest portion of oil and a gas segment in 2024. The oil & gas industry experience several risks and hazards which causes serious mishap to people, assets and/or the environment. In the industry, different types of safety instrumented systems (SIS) are deployed towards achieving functional safety. A control and protection scheme for example is the Emergency Shutdown (ESD) systems that enable inhibition of a couple of systems and apparatus in an endeavor to reduce the impact of the emergent situation. They also segregate hydrocarbon stock, electrical equipment and emergency blowers and ventilation systems to give right response in the event of fire.
Additionally, High Integrity Pressure Protection System (HIPPS) safeguards the pipelines, vessels and process packages against over pressure. Some of the industries’ players that deliver functional safety systems and safety devices include ABB Ltd, Siemens, and Schneider Electric.
“The Germany is to contribute the highest market share of European region during the forecast period.”
Germany is predicted to be the highest market share of European region during the forecast period. In Germany, machine and functional safety measures are strictly followed under various regulatory standards. The IEC 61508 standard has been adopted and published as DIN EN 61508 by the German Institute for Standardization (DIN). The machinery supplied and in operation in Europe is required to comply with this functional safety standard. The national-level regulatory standards and EU directives present in this country are increasing the demand for safety-related systems, which, in turn, is driving the growth of the functional safety market.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
Research Coverage:
The report segments the functional safety market and forecasts its size by system, device, service, application, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the functional safety ecosystem.
Key Benefits to Buy the Report:
“Emergency Shutdown System (ESD) segment is expected to hold the largest market share throughout the forecast period.”
An ESD system is used to manage emergencies, especially those that can lead to the release of hydrocarbons, uncontrolled flood, or fire outbreaks in areas where the materials stored are hazardous. Such emergencies can lead to the stoppage of a plant, unit or equipment. Concha, sensors relating to ESD capture specific states and logic solvers act on these sensors to put final items like valves and pumps to a safe state. In the event of a problem, the ESD system removes power from the process, but at the same time in a controlled manner.
Furthermore, ESD systems are essential in multiple sectors, such as oil & gas, chemicals, power generation, manufacturing, and water treatment. They act promptly on their own in situations like leakage, fire, or system failure where they shut down the equipment, safeguard the workers, and observe various measures and codes of safety.
“Non-robotic application of functional safety is expected to hold the largest market share during the forecast period.”
The functional safety market for non-robotic application is expected to have the largest market share during the forecast period as functional safety is more of an imperative and has a lot to offer high-risk industries such as manufacturing, oil and gas industry and power generation industries. These are regulatory requirements such as IEC 61508/ 61511 or other regulations that govern use of many safety critical systems, need for protection of assets and machinery.
"Oil & Gas segment is likely to hold the largest market in 2024.”
The global functional safety market is expected to register the largest portion of oil and a gas segment in 2024. The oil & gas industry experience several risks and hazards which causes serious mishap to people, assets and/or the environment. In the industry, different types of safety instrumented systems (SIS) are deployed towards achieving functional safety. A control and protection scheme for example is the Emergency Shutdown (ESD) systems that enable inhibition of a couple of systems and apparatus in an endeavor to reduce the impact of the emergent situation. They also segregate hydrocarbon stock, electrical equipment and emergency blowers and ventilation systems to give right response in the event of fire.
Additionally, High Integrity Pressure Protection System (HIPPS) safeguards the pipelines, vessels and process packages against over pressure. Some of the industries’ players that deliver functional safety systems and safety devices include ABB Ltd, Siemens, and Schneider Electric.
“The Germany is to contribute the highest market share of European region during the forecast period.”
Germany is predicted to be the highest market share of European region during the forecast period. In Germany, machine and functional safety measures are strictly followed under various regulatory standards. The IEC 61508 standard has been adopted and published as DIN EN 61508 by the German Institute for Standardization (DIN). The machinery supplied and in operation in Europe is required to comply with this functional safety standard. The national-level regulatory standards and EU directives present in this country are increasing the demand for safety-related systems, which, in turn, is driving the growth of the functional safety market.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 – 51%, Tier 2 – 32%, Tier 3 – 17%
- By Designation— C-level Executives - 47%, Directors - 32%, Others - 21%
- By Region—North America - 36%, Europe - 29%, Asia Pacific - 27%, RoW - 8%
Research Coverage:
The report segments the functional safety market and forecasts its size by system, device, service, application, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the functional safety ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (Enforcement of stringent safety regulations by the government, Increasing investment in oil and gas plants to meet energy demand, Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities, Rapid digital transformation to revolutionize traditional manufacturing), Restraint (High installation and maintenance costs, Complexities associated with development and integration), Opportunity (Rising emphasis on workplace safety in developed countries, Increasing deployment of IIoT technology in industries), Challenges (Complexities related to designing systems that comply with complex safety standards
- Requirement of functional safety systems specialized expertise for Implementation and maintenance)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the functional safety market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the functional safety market across varied regions
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the functional safety market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), General Electric (US), Siemens (Germany), Siemens (Germany), Stratasys (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), among others in the functional safety market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of primary interview participants
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
(demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
(supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUNCTIONAL SAFETY MARKET
4.2 FUNCTIONAL SAFETY MARKET, BY DEVICE
4.3 FUNCTIONAL SAFETY MARKET, BY SYSTEM
4.4 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
4.5 FUNCTIONAL SAFETY MARKET, BY REGION
4.6 FUNCTIONAL SAFETY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Enforcement of stringent safety regulations by government authorities
5.2.1.2 Increasing investment in oil and gas plants to meet energy demand
5.2.1.3 Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities
5.2.1.4 Rapid digital transformation to revolutionize traditional manufacturing
5.2.2 RESTRAINTS
5.2.2.1 High installation and maintenance costs
5.2.2.2 Lack of awareness about safety devices
5.2.3 OPPORTUNITIES
5.2.3.1 Rising emphasis on occupational safety in developed countries
5.2.3.2 Increasing deployment of IIoT technology in industries
5.2.4 CHALLENGES
5.2.4.1 Complexities related to designing systems that comply with complex safety standards
5.2.4.2 Shortage of skilled workforce
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PROCESS FLOW ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY DEVICE, 2023
5.5.2 AVERAGE SELLING PRICE TREND, BY DEVICE, 2020–2023
5.5.3 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023
5.6 SUPPLY CHAIN ANALYSIS
5.7 ECOSYSTEM ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Computer vision
5.8.1.2 Cybersecurity solutions
5.8.1.3 5G
5.8.1.4 Automated machine learning
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 IIoT
5.8.2.2 Predictive maintenance tools
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Virtual reality
5.8.3.2 Remote monitoring systems
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 8481)
5.10.2 EXPORT SCENARIO (HS CODE 8481)
5.11 KEY CONFERENCES AND EVENTS, 2025–2026
5.12 CASE STUDY ANALYSIS
5.12.1 MP EQUIPMENT USES ALLEN BRADLEY GUARDMASTER SAFETY RELAYS TO PROVIDE STRUCTURED APPROACH TO SAFETY IMPLEMENTATION
5.12.2 MP EQUIPMENT PARTNERS WITH ROCKWELL AUTOMATION TO REEVALUATE PROTEIN PORTIONING MACHINE DESIGN
5.12.3 BP CHOSES EMERSON ELECTRIC CO.’S SAFETY SYSTEMS FOR OIL OVERSPILL PROTECTION
5.12.4 FERTILIZER MANUFACTURER IN ASIA PACIFIC ADOPTS EMERSON ELECTRIC CO.’S INCUS ULTRASONIC SYSTEM TO IMPROVE GAS LEAK DETECTION
5.12.5 EXIDA ESTABLISHES PROCEDURES TO SUPPORT IOWA FERTILIZER COMPANY IN MAINTENANCE AND OPERATION PHASE OF FUNCTIONAL SAFETY LIFECYCLE
5.13 INVESTMENT AND FUNDING SCENARIO
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS
5.15 PORTER’S FIVE FORCES ANALYSIS
5.15.1 THREAT OF NEW ENTRANTS
5.15.2 THREAT OF SUBSTITUTES
5.15.3 BARGAINING POWER OF SUPPLIERS
5.15.4 BARGAINING POWER OF BUYERS
5.15.5 INTENSITY OF COMPETITIVE RIVALRY
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16.2 BUYING CRITERIA
5.17 IMPACT OF AI/GEN AI ON FUNCTIONAL SAFETY MARKET
5.17.1 INTRODUCTION
5.17.2 AI USE CASES
6 SIL TYPES FOR FUNCTIONAL SAFETY SYSTEMS
6.1 INTRODUCTION
6.2 SIL 2
6.3 SIL 3
6.4 SIL 4
7 SALES CHANNELS OF FUNCTIONAL SAFETY SYSTEMS
7.1 INTRODUCTION
7.2 DIRECT CHANNELS
7.3 DISTRIBUTORS/RESELLERS
7.4 SYSTEM INTEGRATORS
8 FUNCTIONAL SAFETY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ROBOTIC
8.2.1 TRADITIONAL ROBOTS
8.2.1.1 Escalating adoption in high-speed, high-force industrial environments to expedite segmental growth
8.2.2 COLLABORATIVE ROBOTS
8.2.2.1 Growing demand to ensure safe and dynamic human-robot collaborations to bolster segmental growth
8.3 NON-ROBOTIC
8.3.1 RISING FOCUS ON WORKER SAFETY AND ENVIRONMENTAL PROTECTION TO ACCELERATE SEGMENTAL GROWTH
9 FUNCTIONAL SAFETY MARKET, BY DEVICE
9.1 INTRODUCTION
9.2 SAFETY SENSORS
9.2.1 RISING ADOPTION TO INTEGRATE AUTOMATED SYSTEMS AND TRACK TOOLS TO BOOST SEGMENTAL GROWTH
9.2.1.1 Emergency stop sensors
9.2.1.2 Temperature sensors
9.2.1.3 Pressure sensors
9.2.1.4 Gas sensors
9.3 SAFETY CONTROLLERS/MODULES/RELAYS
9.3.1 INCREASING USE TO MEET EXISTING SAFETY STANDARDS AND REDUCE RISKS TO ACCEPTABLE LEVEL TO FUEL SEGMENTAL GROWTH
9.4 PROGRAMMABLE SAFETY SYSTEMS
9.4.1 ESCALATING ADOPTION TO OFFER SIGNAL ANALYSIS, EQUIPMENT STATUS MONITORING, AND OTHER DIAGNOSTICS TO DRIVE MARKET
9.5 SAFETY SWITCHES
9.5.1 GROWING DEMAND DUE TO ABILITY TO SAFEGUARD EQUIPMENT AND PREVENT INJURIES TO AUGMENT SEGMENTAL GROWTH
9.6 VALVES
9.6.1 RISING APPLICATION IN INDUSTRIAL SECTORS TO CONTRIBUTE TO SEGMENTAL GROWTH
9.7 ACTUATORS
9.7.1 INCREASING USE IN OIL & GAS AND OTHER INDUSTRIES TO DRIVE MARKET
9.8 EMERGENCY STOP DEVICES
9.8.1 MOUNTING NEED FOR SAFETY MEASURES DUE TO HIGH INCIDENCE OF INDUSTRIAL ACCIDENTS TO FOSTER SEGMENTAL GROWTH
9.9 OTHER DEVICES
10 FUNCTIONAL SAFETY MARKET, BY SERVICE
10.1 INTRODUCTION
10.2 TESTING, INSPECTION & CERTIFICATION
10.2.1 INCREASING DEMAND FOR SAFETY-CERTIFIED SYSTEMS IN PROCESS INDUSTRIES TO BOOST SEGMENTAL GROWTH
10.2.2 FAILURE MODES, EFFECTS, AND DIAGNOSTIC COVERAGE ANALYSIS (FMEDA)
10.2.3 FAULT TREE ANALYSIS (FTA)
10.2.4 EVENT TREE ANALYSIS (ETA)
10.2.5 HAZARD & OPERABILITY STUDY (HAZOP)
10.3 DESIGN, ENGINEERING & MAINTENANCE
10.3.1 RISING EMPHASIS ON COMPLIANCE WITH SAFETY STANDARDS TO FUEL SEGMENTAL GROWTH
10.4 TRAINING & CONSULTING SERVICES
10.4.1 INCREASING NEED FOR HIGH-SKILLED AND TRAINED PERSONNEL TO MAINTAIN FUNCTIONAL SAFETY TO AUGMENT SEGMENTAL GROWTH
11 FUNCTIONAL SAFETY MARKET, BY SYSTEM
11.1 INTRODUCTION
11.2 EMERGENCY SHUTDOWN SYSTEMS
11.2.1 RISING EMPHASIS ON INDUSTRIAL SAFETY AND OPERATIONAL RISK MITIGATION TO FUEL SEGMENTAL GROWTH
11.3 FIRE & GAS MONITORING CONTROL SYSTEMS
11.3.1 INCREASING NEED FOR ASSET PROTECTION ACROSS VARIOUS INDUSTRIES TO BOOST SEGMENTAL GROWTH
11.4 TURBOMACHINERY CONTROL SYSTEMS
11.4.1 GROWING ADOPTION OF ADVANCED POWER GENERATION TECHNOLOGIES TO CONTRIBUTE TO SEGMENTAL GROWTH
11.5 BURNER MANAGEMENT SYSTEMS
11.5.1 INCREASING COMPLEXITY OF INDUSTRIAL PROCESSES AND NEED FOR RELIABLE SYSTEMS TO PREVENT HAZARDOUS EVENTS TO DRIVE MARKET
11.6 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS
11.6.1 RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS TO SPUR SEGMENTAL GROWTH
11.7 DISTRIBUTED CONTROL SYSTEMS
11.7.1 RISING NEED FOR PROCESS OPTIMIZATION, AUTOMATION, AND SAFETY ACROSS VARIOUS INDUSTRIES TO FUEL SEGMENTAL GROWTH
11.8 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS
11.8.1 INCREASING NEED TO IMPROVE OPERATIONAL EFFICIENCY AND REAL-TIME MONITORING OF CRITICAL INFRASTRUCTURE TO DRIVE MARKET
12 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
12.1 INTRODUCTION
12.2 OIL & GAS
12.2.1 UPSTREAM
12.2.1.1 Growing emphasis on optimizing exploration, drilling, and extraction processes to bolster segmental growth
12.2.2 MIDSTREAM
12.2.2.1 Increasing focus on pipeline maintenance to avoid cracking and bursting to fuel segmental growth
12.2.3 DOWNSTREAM
12.2.3.1 Rising need to address challenges associated with refining, marketing, and distributing end products to drive market
12.3 POWER GENERATION
12.3.1 GROWING FOCUS ON ENERGY EFFICIENCY AND PRODUCTION OPTIMIZATION TO CONTRIBUTE TO SEGMENTAL GROWTH
12.4 CHEMICALS
12.4.1 RISING EMPHASIS ON COST REDUCTION AND TRANSPORTATION IMPROVEMENT TO FOSTER SEGMENTAL GROWTH
12.5 FOOD & BEVERAGES
12.5.1 GROWING AWARENESS ABOUT PENALTIES FOR NON-ADHERENCE TO SAFETY STANDARDS TO AUGMENT SEGMENTAL GROWTH
12.6 WATER & WASTEWATER TREATMENT
12.6.1 INCREASING ADOPTION OF SAFETY SOLUTIONS TO SAFEGUARD PERSONNEL AND PLANT ENVIRONMENTS FROM SYSTEM FAILURES TO DRIVE MARKET
12.7 PHARMACEUTICALS
12.7.1 GROWING FOCUS ON PREVENTING POTENTIAL HAZARDS AND ENSURING MACHINE SAFETY TO BOOST SEGMENTAL GROWTH
12.8 METALS & MINING
12.8.1 RISING IMPLEMENTATION OF STRINGENT SAFETY REGULATIONS TO CONTRIBUTE TO SEGMENTAL GROWTH
12.9 AUTOMOTIVE
12.9.1 INCREASING PREFERENCE FOR AUTONOMOUS VEHICLES TO ACCELERATE SEGMENTAL GROWTH
12.10 AEROSPACE
12.10.1 MOUNTING DEMAND FOR INCREASINGLY ADVANCED, AUTONOMOUS, AND INTERCONNECTED SYSTEMS TO FUEL SEGMENTAL GROWTH
12.11 RAILWAYS
12.11.1 INCREASING DEPLOYMENT OF SAFETY DEVICES TO MONITOR AND CONTROL SENSORS TO AUGMENT SEGMENTAL GROWTH
12.12 MEDICAL
12.12.1 RISING ADOPTION OF SAFETY SOLUTIONS TO CONTROL MANUFACTURING PROCESSES TO CONTRIBUTE TO SEGMENTAL GROWTH
12.13 OTHER INDUSTRIES
13 FUNCTIONAL SAFETY MARKET, BY REGION
13.1 INTRODUCTION
13.2 EUROPE
13.2.1 MACROECONOMIC OUTLOOK FOR EUROPE
13.2.2 GERMANY
13.2.2.1 Increasing deployment of Industry 4.0 to automate manufacturing operations to drive market
13.2.3 UK
13.2.3.1 Increasing commitment to maintaining safe operations in oil & gas sector to spur market growth
13.2.4 FRANCE
13.2.4.1 Rising concern about safety of chemical plants to augment market growth
13.2.5 REST OF EUROPE
13.3 NORTH AMERICA
13.3.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
13.3.2 US
13.3.2.1 Rising implementation of industrial safety standards and guidelines to foster market growth
13.3.3 CANADA
13.3.3.1 Growing emphasis on maintaining safety and minimizing emissions in oil & gas sector to boost market growth
13.3.4 MEXICO
13.3.4.1 Increasing production of petroleum and other liquids to contribute to market growth
13.4 ASIA PACIFIC
13.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
13.4.2 CHINA
13.4.2.1 Flourishing manufacturing sector and electric vehicle adoption to boost market growth
13.4.3 JAPAN
13.4.3.1 Rising emphasis on implementing smart factory systems to augment market growth
13.4.4 INDIA
13.4.4.1 Increasing focus on electricity projects to contribute to market growth
13.4.5 SOUTH KOREA
13.4.5.1 Rising implementation of stringent safety measures at workplace to prevent industrial accidents to drive market
13.4.6 REST OF ASIA PACIFIC
13.5 ROW
13.5.1 MACROECONOMIC OUTLOOK FOR ROW
13.5.2 MIDDLE EAST
13.5.2.1 Rising oil and gas exploration activities to contribute to market growth
13.5.2.2 GCC countries
13.5.2.3 Rest of Middle East
13.5.3 AFRICA
13.5.3.1 Thriving power, chemicals, and mining industries to bolster market growth
13.5.4 SOUTH AMERICA
13.5.4.1 Increased adoption of automation solutions in industries to fuel market growth
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
14.3 REVENUE ANALYSIS, 2019–2023
14.4 MARKET SHARE ANALYSIS, 2023
14.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
14.6 PRODUCT COMPARISON
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
14.7.5.1 Company footprint
14.7.5.2 Region footprint
14.7.5.3 Industry footprint
14.7.5.4 Device footprint
14.7.5.5 System footprint
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
14.8.1 PROGRESSIVE COMPANIES
14.8.2 RESPONSIVE COMPANIES
14.8.3 DYNAMIC COMPANIES
14.8.4 STARTING BLOCKS
14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
14.8.5.1 Detailed list of key startups/SMEs
14.8.5.2 Competitive benchmarking of key startups/SMEs
14.9 COMPETITIVE SCENARIO
14.9.1 PRODUCT LAUNCHES
14.9.2 DEALS
14.9.3 EXPANSIONS
14.9.4 OTHER DEVELOPMENTS
15 COMPANY PROFILES
15.1 KEY PLAYERS
15.1.1 SCHNEIDER ELECTRIC
15.1.1.1 Business overview
15.1.1.2 Products/Solutions/Services offered
15.1.1.3 Recent developments
15.1.1.3.1 Product launches
15.1.1.4 MnM view
15.1.1.4.1 Key strengths/Right to win
15.1.1.4.2 Strategic choices
15.1.1.4.3 Weaknesses/Competitive threats
15.1.2 ABB
15.1.2.1 Business overview
15.1.2.2 Products/Solutions/Services offered
15.1.2.3 Recent developments
15.1.2.3.1 Product launches
15.1.2.3.2 Deals
15.1.2.4 MnM view
15.1.2.4.1 Key strengths/Right to win
15.1.2.4.2 Strategic choices
15.1.2.4.3 Weaknesses/Competitive threats
15.1.3 HONEYWELL INTERNATIONAL INC.
15.1.3.1 Business overview
15.1.3.2 Products/Solutions/Services offered
15.1.3.3 Recent developments
15.1.3.3.1 Product launches
15.1.3.3.2 Expansions
15.1.3.4 MnM view
15.1.3.4.1 Key strengths/Right to win
15.1.3.4.2 Strategic choices
15.1.3.4.3 Weaknesses/Competitive threats
15.1.4 EMERSON ELECTRIC CO.
15.1.4.1 Business overview
15.1.4.2 Products/Solutions/Services offered
15.1.4.3 Recent developments
15.1.4.3.1 Product launches
15.1.4.4 MnM view
15.1.4.4.1 Key strengths/Right to win
15.1.4.4.2 Strategic choices
15.1.4.4.3 Weaknesses/Competitive threats
15.1.5 ROCKWELL AUTOMATION
15.1.5.1 Business overview
15.1.5.2 Products/Solutions/Services offered
15.1.5.3 Recent developments
15.1.5.3.1 Product launches
15.1.5.4 MnM view
15.1.5.4.1 Key strengths/Right to win
15.1.5.4.2 Strategic choices
15.1.5.4.3 Weaknesses/Competitive threats
15.1.6 YOKOGAWA ELECTRIC CORPORATION
15.1.6.1 Business overview
15.1.6.2 Products/Solutions/Services offered
15.1.6.3 Recent developments
15.1.6.3.1 Product launches
15.1.6.3.2 Other developments
15.1.7 HIMA
15.1.7.1 Business overview
15.1.7.2 Products/Solutions/Services offered
15.1.7.3 Recent developments
15.1.7.3.1 Product launches
15.1.8 GENERAL ELECTRIC COMPANY
15.1.8.1 Business overview
15.1.8.2 Products/Solutions/Services offered
15.1.9 OMRON CORPORATION
15.1.9.1 Business overview
15.1.9.2 Products/Solutions/Services offered
15.1.10 SIEMENS
15.1.10.1 Business overview
15.1.10.2 Products/Solutions/Services offered
15.1.11 JOHNSON CONTROLS INC.
15.1.11.1 Business overview
15.1.11.2 Products/Solutions/Services offered
15.1.11.3 Recent developments
15.1.11.3.1 Product launches
15.1.11.3.2 Expansions
15.1.12 DEKRA
15.1.12.1 Business overview
15.1.12.2 Products/Solutions/Services offered
15.1.12.3 Recent developments
15.1.12.3.1 Other developments
15.1.13 TЬV RHEINLAND
15.1.13.1 Business overview
15.1.13.2 Products/Solutions/Services offered
15.1.13.3 Recent developments
15.1.13.3.1 Deals
15.1.14 BALLUFF GMBH
15.1.14.1 Business overview
15.1.14.2 Products/Solutions/Services offered
15.1.15 ENDRESS+HAUSER GROUP SERVICES AG
15.1.15.1 Business overview
15.1.15.2 Products/Solutions/Services offered
15.1.15.3 Recent developments
15.1.15.3.1 Deals
15.2 OTHER KEY PLAYERS
15.2.1 SLB
15.2.2 VELAN INC.
15.2.3 PALADON SYSTEMS S.R.L.
15.2.4 INTERTEK GROUP PLC
15.2.5 SGS GENERAL SURVEILLANCE COMPANY SA.
15.2.6 WEIDMЬLLER INTERFACE GMBH & CO. KG
15.2.7 SMC CORPORATION
15.2.8 TEXAS INSTRUMENTS INCORPORATED
15.2.9 WITTENSTEIN HIGH INTEGRITY SYSTEMS LTD
15.2.10 IMAGINATION TECHNOLOGIES
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of primary interview participants
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
(demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
(supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUNCTIONAL SAFETY MARKET
4.2 FUNCTIONAL SAFETY MARKET, BY DEVICE
4.3 FUNCTIONAL SAFETY MARKET, BY SYSTEM
4.4 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
4.5 FUNCTIONAL SAFETY MARKET, BY REGION
4.6 FUNCTIONAL SAFETY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Enforcement of stringent safety regulations by government authorities
5.2.1.2 Increasing investment in oil and gas plants to meet energy demand
5.2.1.3 Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities
5.2.1.4 Rapid digital transformation to revolutionize traditional manufacturing
5.2.2 RESTRAINTS
5.2.2.1 High installation and maintenance costs
5.2.2.2 Lack of awareness about safety devices
5.2.3 OPPORTUNITIES
5.2.3.1 Rising emphasis on occupational safety in developed countries
5.2.3.2 Increasing deployment of IIoT technology in industries
5.2.4 CHALLENGES
5.2.4.1 Complexities related to designing systems that comply with complex safety standards
5.2.4.2 Shortage of skilled workforce
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PROCESS FLOW ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY DEVICE, 2023
5.5.2 AVERAGE SELLING PRICE TREND, BY DEVICE, 2020–2023
5.5.3 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023
5.6 SUPPLY CHAIN ANALYSIS
5.7 ECOSYSTEM ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Computer vision
5.8.1.2 Cybersecurity solutions
5.8.1.3 5G
5.8.1.4 Automated machine learning
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 IIoT
5.8.2.2 Predictive maintenance tools
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Virtual reality
5.8.3.2 Remote monitoring systems
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 8481)
5.10.2 EXPORT SCENARIO (HS CODE 8481)
5.11 KEY CONFERENCES AND EVENTS, 2025–2026
5.12 CASE STUDY ANALYSIS
5.12.1 MP EQUIPMENT USES ALLEN BRADLEY GUARDMASTER SAFETY RELAYS TO PROVIDE STRUCTURED APPROACH TO SAFETY IMPLEMENTATION
5.12.2 MP EQUIPMENT PARTNERS WITH ROCKWELL AUTOMATION TO REEVALUATE PROTEIN PORTIONING MACHINE DESIGN
5.12.3 BP CHOSES EMERSON ELECTRIC CO.’S SAFETY SYSTEMS FOR OIL OVERSPILL PROTECTION
5.12.4 FERTILIZER MANUFACTURER IN ASIA PACIFIC ADOPTS EMERSON ELECTRIC CO.’S INCUS ULTRASONIC SYSTEM TO IMPROVE GAS LEAK DETECTION
5.12.5 EXIDA ESTABLISHES PROCEDURES TO SUPPORT IOWA FERTILIZER COMPANY IN MAINTENANCE AND OPERATION PHASE OF FUNCTIONAL SAFETY LIFECYCLE
5.13 INVESTMENT AND FUNDING SCENARIO
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS
5.15 PORTER’S FIVE FORCES ANALYSIS
5.15.1 THREAT OF NEW ENTRANTS
5.15.2 THREAT OF SUBSTITUTES
5.15.3 BARGAINING POWER OF SUPPLIERS
5.15.4 BARGAINING POWER OF BUYERS
5.15.5 INTENSITY OF COMPETITIVE RIVALRY
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16.2 BUYING CRITERIA
5.17 IMPACT OF AI/GEN AI ON FUNCTIONAL SAFETY MARKET
5.17.1 INTRODUCTION
5.17.2 AI USE CASES
6 SIL TYPES FOR FUNCTIONAL SAFETY SYSTEMS
6.1 INTRODUCTION
6.2 SIL 2
6.3 SIL 3
6.4 SIL 4
7 SALES CHANNELS OF FUNCTIONAL SAFETY SYSTEMS
7.1 INTRODUCTION
7.2 DIRECT CHANNELS
7.3 DISTRIBUTORS/RESELLERS
7.4 SYSTEM INTEGRATORS
8 FUNCTIONAL SAFETY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ROBOTIC
8.2.1 TRADITIONAL ROBOTS
8.2.1.1 Escalating adoption in high-speed, high-force industrial environments to expedite segmental growth
8.2.2 COLLABORATIVE ROBOTS
8.2.2.1 Growing demand to ensure safe and dynamic human-robot collaborations to bolster segmental growth
8.3 NON-ROBOTIC
8.3.1 RISING FOCUS ON WORKER SAFETY AND ENVIRONMENTAL PROTECTION TO ACCELERATE SEGMENTAL GROWTH
9 FUNCTIONAL SAFETY MARKET, BY DEVICE
9.1 INTRODUCTION
9.2 SAFETY SENSORS
9.2.1 RISING ADOPTION TO INTEGRATE AUTOMATED SYSTEMS AND TRACK TOOLS TO BOOST SEGMENTAL GROWTH
9.2.1.1 Emergency stop sensors
9.2.1.2 Temperature sensors
9.2.1.3 Pressure sensors
9.2.1.4 Gas sensors
9.3 SAFETY CONTROLLERS/MODULES/RELAYS
9.3.1 INCREASING USE TO MEET EXISTING SAFETY STANDARDS AND REDUCE RISKS TO ACCEPTABLE LEVEL TO FUEL SEGMENTAL GROWTH
9.4 PROGRAMMABLE SAFETY SYSTEMS
9.4.1 ESCALATING ADOPTION TO OFFER SIGNAL ANALYSIS, EQUIPMENT STATUS MONITORING, AND OTHER DIAGNOSTICS TO DRIVE MARKET
9.5 SAFETY SWITCHES
9.5.1 GROWING DEMAND DUE TO ABILITY TO SAFEGUARD EQUIPMENT AND PREVENT INJURIES TO AUGMENT SEGMENTAL GROWTH
9.6 VALVES
9.6.1 RISING APPLICATION IN INDUSTRIAL SECTORS TO CONTRIBUTE TO SEGMENTAL GROWTH
9.7 ACTUATORS
9.7.1 INCREASING USE IN OIL & GAS AND OTHER INDUSTRIES TO DRIVE MARKET
9.8 EMERGENCY STOP DEVICES
9.8.1 MOUNTING NEED FOR SAFETY MEASURES DUE TO HIGH INCIDENCE OF INDUSTRIAL ACCIDENTS TO FOSTER SEGMENTAL GROWTH
9.9 OTHER DEVICES
10 FUNCTIONAL SAFETY MARKET, BY SERVICE
10.1 INTRODUCTION
10.2 TESTING, INSPECTION & CERTIFICATION
10.2.1 INCREASING DEMAND FOR SAFETY-CERTIFIED SYSTEMS IN PROCESS INDUSTRIES TO BOOST SEGMENTAL GROWTH
10.2.2 FAILURE MODES, EFFECTS, AND DIAGNOSTIC COVERAGE ANALYSIS (FMEDA)
10.2.3 FAULT TREE ANALYSIS (FTA)
10.2.4 EVENT TREE ANALYSIS (ETA)
10.2.5 HAZARD & OPERABILITY STUDY (HAZOP)
10.3 DESIGN, ENGINEERING & MAINTENANCE
10.3.1 RISING EMPHASIS ON COMPLIANCE WITH SAFETY STANDARDS TO FUEL SEGMENTAL GROWTH
10.4 TRAINING & CONSULTING SERVICES
10.4.1 INCREASING NEED FOR HIGH-SKILLED AND TRAINED PERSONNEL TO MAINTAIN FUNCTIONAL SAFETY TO AUGMENT SEGMENTAL GROWTH
11 FUNCTIONAL SAFETY MARKET, BY SYSTEM
11.1 INTRODUCTION
11.2 EMERGENCY SHUTDOWN SYSTEMS
11.2.1 RISING EMPHASIS ON INDUSTRIAL SAFETY AND OPERATIONAL RISK MITIGATION TO FUEL SEGMENTAL GROWTH
11.3 FIRE & GAS MONITORING CONTROL SYSTEMS
11.3.1 INCREASING NEED FOR ASSET PROTECTION ACROSS VARIOUS INDUSTRIES TO BOOST SEGMENTAL GROWTH
11.4 TURBOMACHINERY CONTROL SYSTEMS
11.4.1 GROWING ADOPTION OF ADVANCED POWER GENERATION TECHNOLOGIES TO CONTRIBUTE TO SEGMENTAL GROWTH
11.5 BURNER MANAGEMENT SYSTEMS
11.5.1 INCREASING COMPLEXITY OF INDUSTRIAL PROCESSES AND NEED FOR RELIABLE SYSTEMS TO PREVENT HAZARDOUS EVENTS TO DRIVE MARKET
11.6 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS
11.6.1 RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS TO SPUR SEGMENTAL GROWTH
11.7 DISTRIBUTED CONTROL SYSTEMS
11.7.1 RISING NEED FOR PROCESS OPTIMIZATION, AUTOMATION, AND SAFETY ACROSS VARIOUS INDUSTRIES TO FUEL SEGMENTAL GROWTH
11.8 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS
11.8.1 INCREASING NEED TO IMPROVE OPERATIONAL EFFICIENCY AND REAL-TIME MONITORING OF CRITICAL INFRASTRUCTURE TO DRIVE MARKET
12 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
12.1 INTRODUCTION
12.2 OIL & GAS
12.2.1 UPSTREAM
12.2.1.1 Growing emphasis on optimizing exploration, drilling, and extraction processes to bolster segmental growth
12.2.2 MIDSTREAM
12.2.2.1 Increasing focus on pipeline maintenance to avoid cracking and bursting to fuel segmental growth
12.2.3 DOWNSTREAM
12.2.3.1 Rising need to address challenges associated with refining, marketing, and distributing end products to drive market
12.3 POWER GENERATION
12.3.1 GROWING FOCUS ON ENERGY EFFICIENCY AND PRODUCTION OPTIMIZATION TO CONTRIBUTE TO SEGMENTAL GROWTH
12.4 CHEMICALS
12.4.1 RISING EMPHASIS ON COST REDUCTION AND TRANSPORTATION IMPROVEMENT TO FOSTER SEGMENTAL GROWTH
12.5 FOOD & BEVERAGES
12.5.1 GROWING AWARENESS ABOUT PENALTIES FOR NON-ADHERENCE TO SAFETY STANDARDS TO AUGMENT SEGMENTAL GROWTH
12.6 WATER & WASTEWATER TREATMENT
12.6.1 INCREASING ADOPTION OF SAFETY SOLUTIONS TO SAFEGUARD PERSONNEL AND PLANT ENVIRONMENTS FROM SYSTEM FAILURES TO DRIVE MARKET
12.7 PHARMACEUTICALS
12.7.1 GROWING FOCUS ON PREVENTING POTENTIAL HAZARDS AND ENSURING MACHINE SAFETY TO BOOST SEGMENTAL GROWTH
12.8 METALS & MINING
12.8.1 RISING IMPLEMENTATION OF STRINGENT SAFETY REGULATIONS TO CONTRIBUTE TO SEGMENTAL GROWTH
12.9 AUTOMOTIVE
12.9.1 INCREASING PREFERENCE FOR AUTONOMOUS VEHICLES TO ACCELERATE SEGMENTAL GROWTH
12.10 AEROSPACE
12.10.1 MOUNTING DEMAND FOR INCREASINGLY ADVANCED, AUTONOMOUS, AND INTERCONNECTED SYSTEMS TO FUEL SEGMENTAL GROWTH
12.11 RAILWAYS
12.11.1 INCREASING DEPLOYMENT OF SAFETY DEVICES TO MONITOR AND CONTROL SENSORS TO AUGMENT SEGMENTAL GROWTH
12.12 MEDICAL
12.12.1 RISING ADOPTION OF SAFETY SOLUTIONS TO CONTROL MANUFACTURING PROCESSES TO CONTRIBUTE TO SEGMENTAL GROWTH
12.13 OTHER INDUSTRIES
13 FUNCTIONAL SAFETY MARKET, BY REGION
13.1 INTRODUCTION
13.2 EUROPE
13.2.1 MACROECONOMIC OUTLOOK FOR EUROPE
13.2.2 GERMANY
13.2.2.1 Increasing deployment of Industry 4.0 to automate manufacturing operations to drive market
13.2.3 UK
13.2.3.1 Increasing commitment to maintaining safe operations in oil & gas sector to spur market growth
13.2.4 FRANCE
13.2.4.1 Rising concern about safety of chemical plants to augment market growth
13.2.5 REST OF EUROPE
13.3 NORTH AMERICA
13.3.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
13.3.2 US
13.3.2.1 Rising implementation of industrial safety standards and guidelines to foster market growth
13.3.3 CANADA
13.3.3.1 Growing emphasis on maintaining safety and minimizing emissions in oil & gas sector to boost market growth
13.3.4 MEXICO
13.3.4.1 Increasing production of petroleum and other liquids to contribute to market growth
13.4 ASIA PACIFIC
13.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
13.4.2 CHINA
13.4.2.1 Flourishing manufacturing sector and electric vehicle adoption to boost market growth
13.4.3 JAPAN
13.4.3.1 Rising emphasis on implementing smart factory systems to augment market growth
13.4.4 INDIA
13.4.4.1 Increasing focus on electricity projects to contribute to market growth
13.4.5 SOUTH KOREA
13.4.5.1 Rising implementation of stringent safety measures at workplace to prevent industrial accidents to drive market
13.4.6 REST OF ASIA PACIFIC
13.5 ROW
13.5.1 MACROECONOMIC OUTLOOK FOR ROW
13.5.2 MIDDLE EAST
13.5.2.1 Rising oil and gas exploration activities to contribute to market growth
13.5.2.2 GCC countries
13.5.2.3 Rest of Middle East
13.5.3 AFRICA
13.5.3.1 Thriving power, chemicals, and mining industries to bolster market growth
13.5.4 SOUTH AMERICA
13.5.4.1 Increased adoption of automation solutions in industries to fuel market growth
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
14.3 REVENUE ANALYSIS, 2019–2023
14.4 MARKET SHARE ANALYSIS, 2023
14.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
14.6 PRODUCT COMPARISON
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
14.7.5.1 Company footprint
14.7.5.2 Region footprint
14.7.5.3 Industry footprint
14.7.5.4 Device footprint
14.7.5.5 System footprint
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
14.8.1 PROGRESSIVE COMPANIES
14.8.2 RESPONSIVE COMPANIES
14.8.3 DYNAMIC COMPANIES
14.8.4 STARTING BLOCKS
14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
14.8.5.1 Detailed list of key startups/SMEs
14.8.5.2 Competitive benchmarking of key startups/SMEs
14.9 COMPETITIVE SCENARIO
14.9.1 PRODUCT LAUNCHES
14.9.2 DEALS
14.9.3 EXPANSIONS
14.9.4 OTHER DEVELOPMENTS
15 COMPANY PROFILES
15.1 KEY PLAYERS
15.1.1 SCHNEIDER ELECTRIC
15.1.1.1 Business overview
15.1.1.2 Products/Solutions/Services offered
15.1.1.3 Recent developments
15.1.1.3.1 Product launches
15.1.1.4 MnM view
15.1.1.4.1 Key strengths/Right to win
15.1.1.4.2 Strategic choices
15.1.1.4.3 Weaknesses/Competitive threats
15.1.2 ABB
15.1.2.1 Business overview
15.1.2.2 Products/Solutions/Services offered
15.1.2.3 Recent developments
15.1.2.3.1 Product launches
15.1.2.3.2 Deals
15.1.2.4 MnM view
15.1.2.4.1 Key strengths/Right to win
15.1.2.4.2 Strategic choices
15.1.2.4.3 Weaknesses/Competitive threats
15.1.3 HONEYWELL INTERNATIONAL INC.
15.1.3.1 Business overview
15.1.3.2 Products/Solutions/Services offered
15.1.3.3 Recent developments
15.1.3.3.1 Product launches
15.1.3.3.2 Expansions
15.1.3.4 MnM view
15.1.3.4.1 Key strengths/Right to win
15.1.3.4.2 Strategic choices
15.1.3.4.3 Weaknesses/Competitive threats
15.1.4 EMERSON ELECTRIC CO.
15.1.4.1 Business overview
15.1.4.2 Products/Solutions/Services offered
15.1.4.3 Recent developments
15.1.4.3.1 Product launches
15.1.4.4 MnM view
15.1.4.4.1 Key strengths/Right to win
15.1.4.4.2 Strategic choices
15.1.4.4.3 Weaknesses/Competitive threats
15.1.5 ROCKWELL AUTOMATION
15.1.5.1 Business overview
15.1.5.2 Products/Solutions/Services offered
15.1.5.3 Recent developments
15.1.5.3.1 Product launches
15.1.5.4 MnM view
15.1.5.4.1 Key strengths/Right to win
15.1.5.4.2 Strategic choices
15.1.5.4.3 Weaknesses/Competitive threats
15.1.6 YOKOGAWA ELECTRIC CORPORATION
15.1.6.1 Business overview
15.1.6.2 Products/Solutions/Services offered
15.1.6.3 Recent developments
15.1.6.3.1 Product launches
15.1.6.3.2 Other developments
15.1.7 HIMA
15.1.7.1 Business overview
15.1.7.2 Products/Solutions/Services offered
15.1.7.3 Recent developments
15.1.7.3.1 Product launches
15.1.8 GENERAL ELECTRIC COMPANY
15.1.8.1 Business overview
15.1.8.2 Products/Solutions/Services offered
15.1.9 OMRON CORPORATION
15.1.9.1 Business overview
15.1.9.2 Products/Solutions/Services offered
15.1.10 SIEMENS
15.1.10.1 Business overview
15.1.10.2 Products/Solutions/Services offered
15.1.11 JOHNSON CONTROLS INC.
15.1.11.1 Business overview
15.1.11.2 Products/Solutions/Services offered
15.1.11.3 Recent developments
15.1.11.3.1 Product launches
15.1.11.3.2 Expansions
15.1.12 DEKRA
15.1.12.1 Business overview
15.1.12.2 Products/Solutions/Services offered
15.1.12.3 Recent developments
15.1.12.3.1 Other developments
15.1.13 TЬV RHEINLAND
15.1.13.1 Business overview
15.1.13.2 Products/Solutions/Services offered
15.1.13.3 Recent developments
15.1.13.3.1 Deals
15.1.14 BALLUFF GMBH
15.1.14.1 Business overview
15.1.14.2 Products/Solutions/Services offered
15.1.15 ENDRESS+HAUSER GROUP SERVICES AG
15.1.15.1 Business overview
15.1.15.2 Products/Solutions/Services offered
15.1.15.3 Recent developments
15.1.15.3.1 Deals
15.2 OTHER KEY PLAYERS
15.2.1 SLB
15.2.2 VELAN INC.
15.2.3 PALADON SYSTEMS S.R.L.
15.2.4 INTERTEK GROUP PLC
15.2.5 SGS GENERAL SURVEILLANCE COMPANY SA.
15.2.6 WEIDMЬLLER INTERFACE GMBH & CO. KG
15.2.7 SMC CORPORATION
15.2.8 TEXAS INSTRUMENTS INCORPORATED
15.2.9 WITTENSTEIN HIGH INTEGRITY SYSTEMS LTD
15.2.10 IMAGINATION TECHNOLOGIES
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
