Europe functional safety products market is projected to register a healthy CAGR of 6.7% in the forecast period of 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Market Segmentation

By Product (Safety Switches, Safety Sensor, Functional Safety Controllers, Emergency Stop Devices, Pressure Transmitters, Camera Systems, Functional Safety Valves, Others), Solution & Service (Solution, Service), Industry Vertical (Oil & Gas, Chemical, Railways, Pulp and Paper, Automotive, Power Generation, Food and Beverages, Pharmaceutical, Mining, Others), Country (Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest of Europe)

Major growing sectors under the market segmentation are as follows:


? In product, safety switches segment is dominating the market with highest CAGR as they are installed for residential as well as commercial purposes, such as cement foundries, steel mills and processing plants.

? In solution & service, solution segment is dominating the market with highest CAGR as in various systems solution provide the function to monitor the level and flow of gases and respond based on them.

? In industry vertical, oil & gas segment is dominating the market with highest CAGR as these refineries are prone to accidents such as fire, and leakages which may cause huge damage to both people and property.

Market Players

The key market players for Europe functional safety products market are listed below:
? Yokogawa Electric Corporation
? Siemens
? Endress+Hauser Management AG
? MANGAN SOFTWARE SOLUTIONS
? Balluff de Mexico
? ABB
? OMRON Corporation
? Honeywell International, Inc.
? Rockwell Automation, Inc.
? SICK AG
? Pilz GmbH & Co. KG
? K.A. Schmersal GmbH & Co. KG
? HYDAC
? Schneider Electric
? Cadence Design Systems, Inc.
? Hitex GmbH
? TuV Rheinland
? Intel Corporation
? UL LLC