Functional Safety Market Report 2023

Functional Safety Global Market Report 2023 – By Offering (Component, Service), By System ((Emergency Shutdown System (ESD), Fire and Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS), Turbomachinery Control (TMC)), By Industry (Oil and gas, Power Generation, Chemicals, Food and Beverages, Water and Wastewater, Pharmaceuticals, Metal and Mining, Other Industries) – Market Size, Trends, And Global Forecast 2023-2032

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Functional safety is a component of a system's or equipment's overall safety, and it focuses on electronics and their accompanying software, which must respond to their inputs correctly and should also have predictable failure answers. It is used to automatically prevent and control dangerous failures when they occur. Functional safety provides manufacturers the ability to operate closer to their margins with confidence in a well-defined functional safety environment.

The main types of offerings in functional safety are component and services. Service may assist in minimizing risk and optimizing systems in a variety of ways, including product design, safety chain management, performance and safety assessments, and more. The different systems include emergency shutdown systems (ESD), fire and gas monitoring systems, high integrity pressure protection systems (HIPPS), burner management systems (BMS), and turbomachinery control (TMC), and are used in several industries such as oil and gas, power generation, chemicals, food and beverages, water and wastewater, pharmaceuticals, metal and mining, and others.

The global functional safety market is segmented -

1) By Offering: Component, Service

2) By System: Emergency Shutdown System (ESD), Fire and Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS), Turbomachinery Control (TMC)

3) By Industry: Oil and gas, Power Generation, Chemicals, Food and Beverages, Water and Wastewater, Pharmaceuticals, Metal and Mining, Other Industries

The global functional safety market size will grow from $5.11 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the functional safety is expected to grow to $7.13 billion in 2027 at a CAGR of 6.7%.

Rising demand for safety systems in the oil and gas industry is expected to propel the growth of the functional safety market going forward. The number of accidents in the oil and gas industry is increasing due to explosions and fires, slips and falls, operating heavy machinery, temperature extremes, and exposure to toxic chemicals. Major players in the oil and gas industry are adopting safety systems. For instance, according to the International Association of Oil and Gas Producers (IOGP) report, accidents in the oil and gas industry reveal that the number of accidents has decreased from 25% in 2019 to 14% in 2020. This is mainly due to increased awareness of safety standards and the use of functional safety equipment at the sites. Thus, the increasing demand for safety systems in the oil and gas industry is contributing to the functional safety market growth.

Major players in the functional safety market are Siemens AG, ABB Ltd., Honeywell International Inc., General Electric Co., Schneider Electric SE, Rockwell Automation Inc., Emerson Electric Co., TUV Rheinland, HIMA Paul Hildebrandt GmbH, Endress+Hauser Management AG, Intertek's, Omron Corporation, Yokogawa Electric Corporation, DEKRA Group, and Balluff.

Technological advancements have emerged as a key trend gaining popularity in the functional safety market. Major companies operating in the functional safety sector are adopting new technological solutions to sustain their position. For instance, in October 2020, Honeywell International, Inc., a US-based technology and manufacturing company, launched the first tools from its new Connected Life Safety Services (CLSS) suite. It is the first all-in-one cloud platform for fire safety systems that allows fire technicians to reduce time spent on design, installation, commissioning, inspection, maintenance, and reporting of life safety systems while minimizing disruption.

In January 2021, ERM, a UK-based company that provides safety services, acquired Engineering Safety Consultants (ESC) for an undisclosed amount. Through this acquisition, ECS aims to enhance its capabilities and capacity in terms of technology and process safety services. Engineering Safety Consultants is a UK-based company that provides functional safety services, helping clients with risk, reliability, and SIL studies.

North America was the largest region in the functional safety market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the functional safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the functional safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The functional safety market includes revenues earned by entities by providing services such as risk management services, industrial machinery maintenance services, process and control equipment funcations, system maintenance.  The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The functional safety market research report is one of a series of new reports from The Business Research Company that provides functional safety market statistics, including functional safety industry global market size, regional shares, competitors with a functional safety market share, detailed functional safety market segments, market trends and opportunities, and any further data you may need to thrive in the functional safety industry. This functional safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

    Table Of Contents

    1. Executive Summary

    2. Functional Safety Market Characteristics

    3. Functional Safety Market Trends And Strategies

    4. Functional Safety Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Functional Safety Market

    4.2 Ukraine-Russia War Impact On Functional Safety Market

    4.3 Impact Of High Inflation On Functional Safety Market

    5. Functional Safety Market Size And Growth

    5.1. Global Functional Safety Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Functional Safety Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Functional Safety Market Segmentation

    6.1. Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Component

    Service

    6.2. Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Emergency Shutdown System (ESD)

    Fire and Gas Monitoring System

    High Integrity Pressure Protection System (HIPPS)

    Burner Management System (BMS)

    Turbomachinery Control (TMC)

    6.3. Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Oil and gas

    Power Generation

    Chemicals

    Food and Beverages

    Water and Wastewater

    Pharmaceuticals

    Metal and Mining

    Other Industries

    7. Functional Safety Market Regional And Country Analysis

    7.1. Global Functional Safety Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7.2. Global Functional Safety Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. Asia-Pacific Functional Safety Market

    8.1. Asia-Pacific Functional Safety Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8.3. Asia-Pacific Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    9. China Functional Safety Market

    9.1. China Functional Safety Market Overview

    9.2. China Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9.3. China Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    10. India Functional Safety Market

    10.1. India Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10.2. India Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Japan Functional Safety Market

    11.1. Japan Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11.2. Japan Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Australia Functional Safety Market

    12.1. Australia Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12.2. Australia Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. Indonesia Functional Safety Market

    13.1. Indonesia Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13.2. Indonesia Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. South Korea Functional Safety Market

    14.1. South Korea Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14.2. South Korea Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. Western Europe Functional Safety Market

    15.1. Western Europe Functional Safety Market Overview

    15.2. Western Europe Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15.3. Western Europe Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. UK Functional Safety Market

    16.1. UK Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16.2. UK Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. Germany Functional Safety Market

    17.1. Germany Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17.2. Germany Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. France Functional Safety Market

    18.4. France Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18.5. France Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Eastern Europe Functional Safety Market

    19.1. Eastern Europe Functional Safety Market Overview

    19.2. Eastern Europe Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19.3. Eastern Europe Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. Russia Functional Safety Market

    20.1. Russia Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20.2. Russia Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. North America Functional Safety Market

    21.1. North America Functional Safety Market Overview

    21.2. North America Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21.3. North America Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. USA Functional Safety Market

    22.1. USA Functional Safety Market Overview

    22.2. USA Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22.3. USA Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. South America Functional Safety Market

    23.1. South America Functional Safety Market Overview

    23.2. South America Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23.3. South America Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Brazil Functional Safety Market

    24.1. Brazil Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24.2. Brazil Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Middle East Functional Safety Market

    25.1. Middle East Functional Safety Market Overview

    25.2. Middle East Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25.3. Middle East Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Africa Functional Safety Market

    26.1. Africa Functional Safety Market Overview

    26.2. Africa Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26.3. Africa Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    27. Functional Safety Market Competitive Landscape And Company Profiles

    27.1. Functional Safety Market Competitive Landscape

    27.2. Functional Safety Market Company Profiles

    27.2.1. Siemens AG

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. ABB Ltd.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Honeywell International Inc.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. General Electric Co.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Schneider Electric SE

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Functional Safety Market

    29. Functional Safety Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Functional Safety Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Functional Safety Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: China, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: China, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: India, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: India, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: Japan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Japan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: Australia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Australia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: Indonesia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Indonesia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: South Korea, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: South Korea, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: Western Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: Western Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: UK, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: UK, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Germany, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Germany, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 28: France, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 29: France, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 30: Eastern Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 31: Eastern Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 32: Russia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 33: Russia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 34: North America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 35: North America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 36: USA, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 37: USA, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 38: South America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 39: South America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 40: Brazil, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 41: Brazil, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 42: Middle East, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 43: Middle East, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 44: Africa, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 45: Africa, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 46: Siemens AG Financial Performance
  • Table 47: ABB Ltd. Financial Performance
  • Table 48: Honeywell International Inc., Financial Performance
  • Table 49: General Electric Co. Financial Performance
  • Table 50: Schneider Electric SE Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Functional Safety Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Functional Safety Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: China, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: China, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: India, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: India, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: Japan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Japan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: Australia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Australia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: Indonesia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Indonesia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: South Korea, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: South Korea, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: Western Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: Western Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: UK, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: UK, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Germany, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Germany, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 28: France, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 29: France, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 30: Eastern Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 31: Eastern Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 32: Russia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 33: Russia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 34: North America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 35: North America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 36: USA, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 37: USA, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 38: South America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 39: South America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 40: Brazil, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 41: Brazil, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 42: Middle East, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 43: Middle East, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 44: Africa, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 45: Africa, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 46: Siemens AG Financial Performance
  • Figure 47: ABB Ltd. Financial Performance
  • Figure 48: Honeywell International Inc., Financial Performance
  • Figure 49: General Electric Co. Financial Performance
  • Figure 50: Schneider Electric SE Financial Performance
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