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Functional Safety Market

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2 years ago

Global Functional Safety Market Size study with COVID-19 Impact, by System (Emergency Shutdown System (ESD), Fire & Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS) and Turbomachinery Control (TMC)), by Offering (Component and Services), by Industry (Oil & Gas, Power Generation, Chemicals Food & Beverages, Water & Wastewater, Pharmaceuticals, Metal & Mining and Others) and Regional Forecasts 2020-2027

Global Functional Safety Market is valued approximately USD 4.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.8 % over the forecast period 2020-2027. Functional safety is a security system or equipment, depends on the automatic protection functioning properly to reply to the inputs in a way that is predictable. Functional safety detects hazardous condition...

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