Allied Market Research, titled, “Functional Safety Market by Device Type, Safety System, Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2023-2032", 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. Functional safety includes automatic protection...

The global high-integrity pressure protection systems market size was estimated at USD 456.8 million in 2023 and is projected to reach USD 743.6 million by 2030, growing at a CAGR of 7.3% from 2024 to 2030. Growth in this market is being driven by the increasing emphasis on safety across high-risk industries, as organizations in sectors such as oil and gas, chemicals, and...