Functional Safety Market

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Break Down of Primary Interviews
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Functional Safety Market
    4.2 Functional Safety Market, By Device (2017–2022)
    4.3 Functional Safety Market for Process Industry (2017–2022)
    4.4 Functional Safety Market, By Application and Region (2017)
    4.5 Functional Safety Market, By Region
    4.6 Functional Safety Market, By Geography (2017)

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Mandatory Safety Standards and Government Regulations
                    5.2.1.2 Rising Emphasis on Proactive Functional Safety Systems
                    5.2.1.3 Increasing Adoption of Functional Safety Systems in the Oil & Gas Industry
           5.2.2 Restraints
                    5.2.2.1 High Initial Investments Related to the Installation of Functional Safety Systems
           5.2.3 Opportunities
                    5.2.3.1 Evolution of Industrial Revolution 4.0
                    5.2.3.2 Increased Scope for Advance Driver Assistance System (ADASS)
           5.2.4 Challenges
                    5.2.4.1 Increasing Complexity of Safety Applications
                    5.2.4.2 Lack of Functional Safety Certified Workforce

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Functional Safety Lifecycle
    6.3 Safety Integrity Level (SIL)
    6.4 Functional Safety Standards
           6.4.1 Process Industry
                    6.4.1.1 IEC 61508
                    6.4.1.2 IEC 61511
           6.4.2 Machinery
                    6.4.2.1 IEC 62061
           6.4.3 Railway
                    6.4.3.1 IEC 62278
                    6.4.3.2 IEC 62279
                    6.4.3.3 IEC 62425
           6.4.4 Automotive
                    6.4.4.1 ISO 26262
           6.4.5 Cyber Security
                    6.4.5.1 IEC 62443

7 Functional Safety Market, By Device (Page No. - 49)
    7.1 Introduction
    7.2 Safety Sensors
    7.3 Safety Switches
    7.4 Safety Controllers/Modules/Relays
    7.5 Programmable Safety Systems
    7.6 Emergency Stop Devices
    7.7 Final Control Elements
           7.7.1 Valves
           7.7.2 Actuators
    7.8 Others

8 Functional Safety Market, By System (Page No. - 61)
    8.1 Introduction
    8.2 Safety Instrumented Systems (SIS)
           8.2.1 Emergency Shutdown Systems (ESD)
           8.2.2 Fire & Gas Monitoring Control
           8.2.3 Turbomachinery Control (TMC)
           8.2.4 Burner Management System (BMS)
           8.2.5 High-Integrity Pressure Protection Systems (HIPPS)
    8.3 Industrial Control Systems
           8.3.1 Supervisory Control and Data Acquisition (SCADA) Systems
           8.3.2 Distributed Control System (DCS)

9 Functional Safety Market, By Application (Page No. - 81)
    9.1 Introduction
    9.2 Process Industry
           9.2.1 Oil & Gas
           9.2.2 Power Generation
           9.2.3 Chemical
           9.2.4 Food and Beverages
           9.2.5 Water and Wastewater
           9.2.6 Pharmaceutical and Biotech
           9.2.7 Metal & Mining
           9.2.8 Others
    9.3 Discrete Industries
           9.3.1 Automotive
           9.3.2 Railways
           9.3.3 Medical

10 Functional Safety Market, By Geography (Page No. - 103)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 India
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 Middle East
             10.5.2 Africa
             10.5.3 South America

11 Competitive Landscape (Page No. - 119)
     11.1 Introduction
     11.2 Market Ranking Analysis: Functional Safety Market
     11.3 Vendor Dive Overview
             11.3.1 Vanguards
             11.3.2 Dynamic
             11.3.3 Innovators
             11.3.4 Emerging
     11.4 Business Strategies Adopted By Major Players in the Functional Safety Market (25 Companies)
     11.5 Analysis of the Product Portfolio of Major Players in the Functional Safety Market (25 Companies)
*Top 25 Companies Analyzed for This Study are – ABB Ltd. (Switzerland); Emerson Electric Co. (US); Honeywell International Inc. (US); Rockwell Automation, Inc. (US); Schneider Electric SE (France); Siemens AG (Germany); TUV Rheinland (Germany); Yokogawa Electric Corporation (Japan); Endress+Hauser Management AG (Switzerland); Exida.Com LLC (US); General Electric Co. (US); Hima Paul Hildebrandt GmbH (Germany); Mitsubishi Electric Corp. (Japan); Omron Corporation (Japan); Pilz GmbH & Co. Kg (Germany); Ul LLC (US); BEI Sensor (US); Bosch Rextroth Group (Germany); Moore Industries-International, Inc. (US); Pepperl+Fuchs GmbH (Germany); Phoenix Contact (Germany); Balluf Inc. (US); Intel Corporation (US); Mangan Software Solutions (US); Renesas Electronics Corporation (Japan)
     11.6 Competitive Situation and Trends
             11.6.1 New Product Launches and Developments
             11.6.2 Partnerships, Agreements, and Contracts
             11.6.3 Acquisitions and Collaborations

12 Company Profile (Page No. - 129)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 Introduction
     12.2 ABB Ltd.
     12.3 Emerson Electric Co.
     12.4 Rockwell Automation, Inc.
     12.5 Schneider Electric SE
     12.6 Siemens AG
     12.7 General Electric Co.
     12.8 Honeywell International Inc.
     12.9 Omron Corporation
     12.10 Yokogawa Electric Corporation
     12.11 Endress+Hauser Management AG
     12.12 Hima Paul Hildebrandt GmbH + Co Kg
     12.13 TUV Rheiland AG
     12.14 Key Innovators
             12.14.1 Intel Corporation
             12.14.2 Balluf Inc.
             12.14.3 Mangan Software Solutions

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 168)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Report
     13.7 Author Details

List of Tables (69 Tables)

Table 1 Functional Safety Market, in Terms of Value and Volume, 2014–2022 (USD Billion)
Table 2 SIL-Related Measures
Table 3 Functional Safety Market, By Device, 2014–2022 (USD Million)
Table 4 By Market for Safety Sensors, By System, 2014–2022 (USD Million)
Table 5 By Market for Safety Switches, By System, 2014–2022 (USD Million)
Table 6 By Market for Safety Controllers/ Modules/Relays, By System, 2014–2022 (USD Million)
Table 7 By Market for Programmable Safety Systems, By System, 2014–2022 (USD Million)
Table 8 By Market for Emergency Stop Devices, By System, 2014–2022 (USD Million)
Table 9 By Market for Valves, By System, 2014–2022 (USD Million)
Table 10 By Market for Actuators, By System, 2014–2022 (USD Million)
Table 11 By Market for Other Devices, By System, 2014–2022 (USD Million)
Table 12 By Market, By System, 2014–2022 (USD Million)
Table 13 By Market for Safety Instrumented Systems, 2014–2022 (USD Million)
Table 14 By Market for Industrial Control Systems, 2014–2022 (USD Million)
Table 15 Market for Emergency Shutdown Systems for Process Industry, By Application, 2014–2022 (USD Million)
Table 16 By Market for Emergency Shutdown Systems for Discrete Industry, By Application, 2014–2022 (USD Million)
Table 17 By Market for Emergency Shutdown Systems, By Region, 2014–2022 (USD Million)
Table 18 By Market for Fire & Gas Monitoring Control for Process Industry, By Application, 2014–2022 (USD Million)
Table 19 By Market for Fire & Gas Monitoring Control for Discrete Industry, By Application, 2014–2022 (USD Million)
Table 20 By Market for Fire & Gas Monitoring Control, By Region, 2014–2022 (USD Million)
Table 21 By Market for Turbomachinery Control for Process Industry, By Application, 2014–2022 (USD Million)
Table 22 By Market for Turbomachinery Control, By Region, 2014–2022 (USD Million)
Table 23 By Market for Burner Management Systems for Process Industry, By Application, 2014–2022 (USD Million)
Table 24 By Market for Burner Management Systems, By Region, 2014–2022 (USD Million)
Table 25 By Market for High-Integrity Pressure Protection Systems for Process Industry, By Application, 2014–2022 (USD Million)
Table 26 By Market for High-Integrity Pressure Protection Systems, By Region, 2014–2022 (USD Million)
Table 27 By Market for SCADA Systems for Process Industry, By Application, 2014–2022 (USD Million)
Table 28 By Market for SCADA Systems for Discrete Industry, By Application, 2014–2022 (USD Million)
Table 29 By Market for SCADA Systems, By Region, 2014–2022 (USD Million)
Table 30 By Market for Distributed Control Systems for Process Industry, By Application, 2014–2022 (USD Million)
Table 31 By Market for Distributed Control Systems, By Region, 2014–2022 (USD Million)
Table 32 Functional Safety Market, By Application, 2014–2022 (USD Million)
Table 33 By Market for Process Industry, By Application, 2014–2022 (USD Million)
Table 34 By Market for Discrete Industry, By Application, 2014–2022 (USD Million)
Table 35 By Market for Oil and Gas Industry, By System, 2014–2022 (USD Million)
Table 36 By Market for Oil and Gas Industry, By Region, 2014–2022 (USD Million)
Table 37 By Market for Power Generation Industry, By System, 2014–2022 (USD Million)
Table 38 By Market for Power Generation Industry, By Region, 2014–2022 (USD Million)
Table 39 By Market for Chemical Industry, By System, 2014–2022 (USD Million)
Table 40 By Market for Chemical Industry, By Region, 2014–2022 (USD Million)
Table 41 By Market for Food and Beverages Industry, By System, 2014–2022 (USD Million)
Table 42 By Market for Food and Beverages Industry, By Region, 2014–2022 (USD Million)
Table 43 By Market for Water and Wastewater Industry, By System, 2014–2022 (USD Million)
Table 44 By Market for Water and Wastewater Industry, By Region, 2014–2022 (USD Million)
Table 45 By Market for Pharmaceutical and Biotech Industry, By System, 2014–2022 (USD Million)
Table 46 By Market for Pharmaceutical and Biotech Industry, By Region, 2014–2022 (USD Million)
Table 47 By Market for Metal & Mining Industry, By System, 2014–2022 (USD Million)
Table 48 By Market for Metal & Mining Industry, By Region, 2014–2022 (USD Million)
Table 49 By Market for Other Process Industry, By System, 2014–2022 (USD Million)
Table 50 By Market for Other Process Industry, By Region, 2014–2022 (USD Million)
Table 51 By Market for Automotive Industry, By System, 2014–2022 (USD Million)
Table 52 By Market for Automotive Industry, By Region, 2014–2022 (USD Million)
Table 53 By Market for Railway Industry, By System, 2014–2022 (USD Million)
Table 54 By Market for Railway Industry, By Region, 2014–2022 (USD Million)
Table 55 By Market for Medical Industry, By System, 2014–2022 (USD Million)
Table 56 By Market for Medical Industry, By Region, 2014–2022 (USD Million)
Table 57 Functional Safety Market, By Region, 2014–2022 (USD Million)
Table 58 By Market in North America, 2014–2022 (USD Million)
Table 59 By Market in North America, By System, 2014–2022 (USD Million)
Table 60 By Market in Europe, 2014–2022 (USD Million)
Table 61 By Market in Europe, By System, 2014–2022 (USD Million)
Table 62 By Market in APAC, 2014–2022 (USD Million)
Table 63 By Market in APAC, By System, 2014–2022 (USD Million)
Table 64 By Market in RoW, 2014–2022 (USD Million)
Table 65 By Market in RoW, By System, 2014–2022 (USD Million)
Table 66 Ranking of the Key Players in the Functional Safety Market, 2016
Table 67 Most Significant Product Launches in the Functional Safety Market, 2015–2017
Table 68 Most Significant Partnerships and Agreements in the Functional Safety Market, 2015–2017
Table 69 Most Significant Acquisitions and Collaborations in the Functional Safety Market, 2015–2017

List of Figures (53 Figures)

Figure 1 Markets Covered
Figure 2 Functional Safety Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach to Arrive at the Market Size
Figure 5 Data Triangulation
Figure 6 Functional Safety Market, in Terms of Value and Volume, 2014–2022
Figure 7 Functional Safety Market, By System, 2014–2022, (USD Billion)
Figure 8 Functional Safety Market for Power Generation Applications to Grow at the Highest Rate Between 2017 and 2022
Figure 9 Automotive Application to Hold the Largest Share of the Functional Safety Market for the Discrete Industry By 2022
Figure 10 By Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 11 Increasing Demand for Function Safety in Oil and Gas Applications to Drive Market Growth During the Forecast Period
Figure 12 Safety Sensors to Hold the Largest Share of the Functional Safety Market During the Forecast Period
Figure 13 Market for Power Generation Applications to Grow at the Highest Rate Between 2017 and 2022
Figure 14 Europe to Hold the Largest Share of the Functional Safety Market in 2017
Figure 15 By Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 16 US to Hold the Largest Share of the Functional Safety Market in 2017
Figure 17 Functional Safety Market Dynamics
Figure 18 Functional Safety Lifecycle
Figure 19 Functional Safety Market, By Device
Figure 20 Safety Sensors to Hold the Largest Size of the Functional Safety Market in During the Forecast Period
Figure 21 Market for Fire and Gas Monitoring to Grow at the Highest Rate Between 2017 and 2022
Figure 22 Fire and Gas Monitoring Control to Dominate the Functional Safety Market for Programmable Safety Systems During the Forecast Period
Figure 23 Functional Safety Market, By System
Figure 24 Emergency Shutdown Systems to Hold the Largest Size of the Market for Safety Instrumented Systems By 2022
Figure 25 Emergency Shutdown System Market for Power Generation Industry to Grow at the Highest Rate During the Forecast Period
Figure 26 Market for Turbomachinery Control in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 27 Market for High-Integrity Pressure Protection Systems for Power Generation Industry to Grow at the Highest Rate Between 2017 and 2022
Figure 28 Oil & Gas Industry to Hold the Largest Size of the Functional Safety Market for SCADA Systems By 2022
Figure 29 Functional Safety Market, By Application
Figure 30 Market for Power Generation Industry to Grow at the Highest Rate Between 2017 and 2022
Figure 31 Market for Power Generation Industry in APAC to Grow at the Highest Rate During the Forecast Period
Figure 32 Europe to Hold the Largest Size of the Functional Safety Market for Water and Wastewater Industry By 2022
Figure 33 Functional Safety Market for Automotive Industry in APAC to Grow at the Highest Rate During the Forecast Period
Figure 34 Geographical Snapshot: Functional Safety Market
Figure 35 Market for Fire and Gas Monitoring Control in North America to Grow at the Highest Rate During the Forecast Period
Figure 36 Snapshot of the Functional Safety Market in Europe
Figure 37 Snapshot of the Functional Safety Market in APAC
Figure 38 Emergency Shutdown Systems to Hold the Largest Size of the Functional Safety Market in RoW in 2017
Figure 39 Key Growth Strategies Adopted By the Companies Between 2015 and 2017
Figure 40 Dive Chart
Figure 41 Battle for Market Share : New Product Launches and Developments Emerged as Key Strategies Between 2015 and 2017
Figure 42 Geographic Revenue Mix of Top 5 Players (2016)
Figure 43 ABB Ltd.: Company Snapshot
Figure 44 Emerson Electric Co.: Company Snapshot
Figure 45 Rockwell Automation, Inc.: Company Snapshot
Figure 46 Schneider Electric SE: Company Snapshot
Figure 47 Siemens AG: Company Snapshot
Figure 48 General Electric Co.: Company Snapshot
Figure 49 Honeywell International Inc.: Company Snapshot
Figure 50 Omron Corporation: Company Snapshot
Figure 51 Yokogawa Electric Corporation: Company Snapshot
Figure 52 Endress+ Hauser Management AG: Company Snapshot (2015)
Figure 53 TUV Rheinland AG: Company Snapshot