Functional Safety Market to Reach $14.7 billion, Globally, by 2032 at 10.52% CAGR: Allied Market Research [Yahoo! Finance]
Rockwell Automation, Inc. (ROK)
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Source: Yahoo! Finance
Wilmington, Delaware, April 29, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Functional Safety Market By Device Type (Safety Controllers/Modules/Relays, Programmable Safety Systems, Safety Sensors, Emergency Stop Devices, Final Control Elements (Valves, Actuators), and Others), Safety System (Emergency Shutdown Systems (ESD), Burner Management Systems (BMS), High-Integrity Pressure Protection Systems (HIPPS), Turbomachinery Control (TMC) Systems, Fire and Gas Monitoring Control Systems, and Supervisory Control and Data Acquisition (SCADA) Systems), and Industry Verticals (Oil and Gas, Power Generation, Food and Beverage, Pharmaceutical, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032" . According to the report, the "functional safety market" was valued at $5.5 billion in 2022, and is estimated to reach $14.7 billion by 2032, growing at a CAGR of 10.52% from 2023 to 2032. Download Research Report Sample & TOC: http
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