Global and United States Functional Safety Device Market Report & Forecast 2022-2028

Market Analysis and Insights: Global and United States Functional Safety Device Market
This report focuses on global and United States Functional Safety Device market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Functional Safety Device market size is estimated to be worth US$ 6943.2 million in 2022 and is forecast to a readjusted size of US$ 11330 million by 2028 with a CAGR of 8.5% during the review period. Fully considering the economic change by this health crisis, by Type, Safety Sensors accounting for % of the Functional Safety Device global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Automobile was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global players of Functional Safety Device include Siemens, ABB, Schneider, Honeywell, Rockwell Automation and Mitsubishi Electric, etc. Top five players occupy for share about 64%. Europe is the largest market, with a share about 40%, followed by North America and China. In terms of product, Safety sensors is the largest segment, with a share over 25%. In terms of application, Oil and gas is the largest market, with a share about 24%.
Global Functional Safety Device Scope and Market Size
Functional Safety Device market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Functional Safety Device market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Functional Safety Device market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
Safety Sensors
Safety PLCs
Safety Relays
Safety Valve
Safe Actuator
Safety Switches
Others

Segment by Application
Automobile
Rail Transit
Chemical Engineering
Oil and Gas
Medical
Electric Power
Elevator Escalator
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Siemens
ABB
Schneider
Honeywell
Rockwell Automation
Mitsubishi Electric
Emerson
Yokogawa Electric
GE
Omron
TE Connectivity
SICK
PILZ
HIMA Paul Hildebrandt
Endress+Hauser
Eaton