Press release
Global Functional Safety Market Worth 5.51Billion by 2026 | CAGR: 3.44%: Global Market Estimates
According to a new market research report published by Global Market Estimates, the Global Functional Safety Market is expected to grow at a CAGR of 3.44% during the forecast period, to reach USD 5.51 Billion by 2026. The demand for functional safety is projected to grow due to growing usage of industrial internet of things and growing demand in the chemical industry.Browse 120 Market Data Tables and 90 Figures spread through 180 Pages and in-depth TOC on "Functional Safety Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-functional-safety-market-2169
Early buyers will receive 15% free customization on this report
Key Market Insights
• Functional safety is based on the functionality of the automatic security to respond to the inputs in a consistent manner
• Emergency Shutdown system segment held the largest market share and is expected to grow at a high CAGR from 2020 to 2026
• Functional Safety market in Asia-Pacific is expected to grow at the highest CAGR between 2020 and 2026
• Major players in the Functional Safety market include: Honeywell, Omron, Siemens AG, Yokogawa, General Electric, Proserv Ingenious Simplicity, Emerson Electric, ABB, SGS Group, EXIDA, Schlumberger, Intertek Dekra SE, Schneider Electric, Johnson Controls (Tyco), Rockwell, Hima Paul, Balluff, Mogas Industries, Pietro Fiorentini (Arvan SRL), Frames Group, TUV Rheinland, Velan Inc, Paladon Systems Ltd., TÜV SÜD, and Proserv Ingenious Simplicity, among others.
Browse the Report @: https://www.globalmarketestimates.com/market-report/global-functional-safety-market-2169
Offering Outlook (Revenue, USD Million, 2020-2026)
• Component
• Services
System Outlook (Revenue, USD Million, 2020-2026)
• Turbo Machinery Control
• Emergency Shutdown Systems
• Fire & Gas Monitoring
• High Intensity Pressure Protecting Systems
• Burner Management Systems
Industry Outlook (Revenue, USD Million, 2020-2026)
• Power Generation
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Metal & Mining
• Chemicals
• Water & Wastewater
• Others
Regional Outlook (Revenue, USD Million, 2020-2026)
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Chile
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: sales@globalmarketestimates.com
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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.
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