Functional Safety Devices Market Report – Research, Industry Analysis Reports and Market Demands

Global Functional Safety Devices Market Growth 2019-2024

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Table of Content

2019-2024 Global Functional Safety Devices Consumption Market Report

1 Scope of the Report

2 Executive Summary

2.1 World Market Overview
- 2.1.1 Global Functional Safety Devices Consumption 2014-2024
- 2.1.2 Functional Safety Devices Consumption CAGR by Region
2.2 Functional Safety Devices Segment by Type
- 2.2.1 Safety Sensors
- 2.2.2 Safety PLCs
- 2.2.3 Safety Relays
- 2.2.4 Valves
2.3 Functional Safety Devices Consumption by Type
- 2.3.1 Global Functional Safety Devices Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Functional Safety Devices Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Functional Safety Devices Sale Price by Type (2014-2019)
2.4 Functional Safety Devices Segment by Application
- 2.4.1 Automotive
- 2.4.2 Transportation
- 2.4.3 Medical
- 2.4.4 Manufacturing
- 2.4.5 Power Generation
- 2.4.6 Oil & Gas
- 2.4.7 Others
2.5 Functional Safety Devices Consumption by Application
- 2.5.1 Global Functional Safety Devices Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Functional Safety Devices Value and Market Share by Application (2014-2019)
- 2.5.3 Global Functional Safety Devices Sale Price by Application (2014-2019)

3 Global Functional Safety Devices by Players

3.1 Global Functional Safety Devices Sales Market Share by Players
- 3.1.1 Global Functional Safety Devices Sales by Players (2017-2019)
- 3.1.2 Global Functional Safety Devices Sales Market Share by Players (2017-2019)
3.2 Global Functional Safety Devices Revenue Market Share by Players
- 3.2.1 Global Functional Safety Devices Revenue by Players (2017-2019)
- 3.2.2 Global Functional Safety Devices Revenue Market Share by Players (2017-2019)
3.3 Global Functional Safety Devices Sale Price by Players
3.4 Global Functional Safety Devices Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Functional Safety Devices Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Functional Safety Devices Products Offered
3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion

4 Functional Safety Devices by Regions

4.1 Functional Safety Devices by Regions
- 4.1.1 Global Functional Safety Devices Consumption by Regions
- 4.1.2 Global Functional Safety Devices Value by Regions
4.2 Americas Functional Safety Devices Consumption Growth
4.3 APAC Functional Safety Devices Consumption Growth
4.4 Europe Functional Safety Devices Consumption Growth
4.5 Middle East & Africa Functional Safety Devices Consumption Growth

5 Americas

5.1 Americas Functional Safety Devices Consumption by Countries
- 5.1.1 Americas Functional Safety Devices Consumption by Countries (2014-2019)
- 5.1.2 Americas Functional Safety Devices Value by Countries (2014-2019)
5.2 Americas Functional Safety Devices Consumption by Type
5.3 Americas Functional Safety Devices Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Functional Safety Devices Consumption by Countries
- 6.1.1 APAC Functional Safety Devices Consumption by Countries (2014-2019)
- 6.1.2 APAC Functional Safety Devices Value by Countries (2014-2019)
6.2 APAC Functional Safety Devices Consumption by Type
6.3 APAC Functional Safety Devices Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe

7.1 Europe Functional Safety Devices by Countries
- 7.1.1 Europe Functional Safety Devices Consumption by Countries (2014-2019)
- 7.1.2 Europe Functional Safety Devices Value by Countries (2014-2019)
7.2 Europe Functional Safety Devices Consumption by Type
7.3 Europe Functional Safety Devices Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa

8.1 Middle East & Africa Functional Safety Devices by Countries
- 8.1.1 Middle East & Africa Functional Safety Devices Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Functional Safety Devices Value by Countries (2014-2019)
8.2 Middle East & Africa Functional Safety Devices Consumption by Type
8.3 Middle East & Africa Functional Safety Devices Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends

9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Marketing, Distributors and Customer

10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
10.2 Functional Safety Devices Distributors
10.3 Functional Safety Devices Customer

11 Global Functional Safety Devices Market Forecast

11.1 Global Functional Safety Devices Consumption Forecast (2019-2024)
11.2 Global Functional Safety Devices Forecast by Regions
- 11.2.1 Global Functional Safety Devices Forecast by Regions (2019-2024)
- 11.2.2 Global Functional Safety Devices Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
11.7 Global Functional Safety Devices Forecast by Type
11.8 Global Functional Safety Devices Forecast by Application

12 Key Players Analysis

13 Research Findings and Conclusion

Description

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.
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, owing to the rising incidents of accidents in these industries, are driving the growth of the market.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

According to this study, over the next five years the Functional Safety Devices market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Functional Safety Devices business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Functional Safety Devices market by product type, application, key manufacturers and key regions and countries.

This study considers the Functional Safety Devices value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Safety Sensors
Safety PLCs
Safety Relays
Valves
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Transportation
Medical
Manufacturing
Power Generation
Oil & Gas
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Siemens
ABB Group
Honeywell International
General Electric
Schneider Electric
TE Connectivity
Emerson Electric
Yokogawa Electric
Rockwell Automation
Omron Corporation
SICK
PILZ
HIMA Paul Hildebrandt

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Functional Safety Devices consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Functional Safety Devices market by identifying its various subsegments.
Focuses on the key global Functional Safety Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Functional Safety Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Functional Safety Devices submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.