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In this report, in terms of revenue, Asia-Pacific played important roles in global market, with market size of 1557.43 million USD in 2017 and will be 2337.04 million USD in 2022. In terms of volume, the Sales of Functional Safety Devices was about 1922.70 K Units in 2017. And it is anticipated to reach 2786.71 K Units by 2022.
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.
The classification of Functional Safety Devices includes Safety Sensors, Safety PLCs, Safety Relays, Valves and Actuators, and the revenue proportion of Safety Sensors in 2016 was about 28.2%.
Functional Safety Devices can be used for Automotive, Transportation, Medical, Manufacturing, Power Generation and others. Power Generation accounted for the largest market with about nearly 32.8% of the Asia-Pacific consumption volume for Functional Safety Devices in 2017. With over 30% share in the Functional Safety Devices market, Manufacturing was the second largest application market in 2017.
China was the dominate producer of Functional Safety Devices in Asia-Pacific, the sales was 532.94 K Units in 2017, accounting for about 27.7% of the total amount, followed by India, with the production market share of more than 15.8%. And China expected to remain the regions with the largest growth potential in the forecast period.
Market competition is intense. Siemens, ABB, Honeywell, General Electric, Schneider, TE Connectivity, Emerson Electric, Yokogawa, Rockwell Automation, Omron, SICK, PILZ, HIMA Paul Hildebrandt are the leaders of the industry.
Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Functional Safety Devices for these regions, from 2014 to 2026 (forecast), including
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
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Asia-Pacific Functional Safety Devices market competition by top manufacturers/players, with Functional Safety Devices sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
- Siemens
- ABB
- Honeywell
- General Electric
- Schneider
- TE Connectivity
- Emerson Electric
- Yokogawa
- Rockwell Automation
- Omron
- SICK
- PILZ
- HIMA Paul Hildebrandt
On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into
- Safety Sensors
- Safety PLCs
- Safety Relays
- Valves
- Actuator
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Functional Safety Devices for each application, including
- Automotive
- Transportation
- Medical
- Manufacturing
- Power Generation
- Others
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