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The key factors driving the growth of the this market include mandatory functional safety standards and government policies, rising emphasis on proactive functional safety systems, and increasing demand for safety instrumented systems in the chemical and oil & gas industries.
Scope of the Report:
This report studies the Functional Safety market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Functional Safety market by product type and applications/end industries.
Safety sensors to hold the largest share of the functional safety.
The global Functional Safety market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Functional Safety.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Emerson Electric
- Rockwell Automation
- Schneider Electric
- General Electric
- Honeywell International
- Endress+Hauser Management
- Hima Paul Hildebrandt
- Tuv Rheiland
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Safety Sensors
- Safety PLCs
- Safety Relays
Market Segment by Applications, can be divided into
- Food And Drink
- Water And Sewage
- Metals & Mining