Functional Safety Market Worth 7.19 Billion USD by 2022
According to the new market research report "Functional Safety Market by Device (Safety Sensors, Safety PLCs, Safety Relays, Valves, Actuators), System (Emergency shutdown System, Turbomachinery Control, Fire and Gas Monitoring Control, HIPPS, BMS, SCADA, DCS), Application - Global Forecast to 2022", the functional safety market is expected to be valued at 7.19 Billion by 2022, growing at a CAGR of 8.2% between 2017 and 2022. Mandatory functional safety standards and government policies, rising emphasis on proactive functional safety systems, and...
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