Covid-19 Impact on the Functional Safety Market
According to the new
market research report “Functional Safety Market, by Offering
[Component (Safety Sensor, Programmable Safety System, Final Control Element),
Services], System (ESD, TMC, F&G, HIPPS, BMS), Industry (Oil & Gas,
Chemicals, Power Generation), and Region – Global Forecast to 2025”, published
by MarketsandMarkets™, the Functional Safety Market was worth USD...
Key Market Players in Functional Safety: Schneider (France) and ABB (Switzerland)
Functional
safety covers the implementation of safety instrumented systems and related
services to mitigate risks associated with a process in which components such
as sensors, logic controls, and acting elements are
used. Implementing functional safety ensures that safety critical control and protective systems
are appropriately specified, designed, installed, and maintained. Safety
devices such...