Hazard Control Market is Projected to reach USD 1.63 Billion by 2022


The global hazard control market was valued at USD 1.17 Billion in 2016 and is expected to grow at a CAGR of 5.83%, during the forecast period, to reach USD 1.63 Billion by 2022. Stringent norms for industrial safety, the development of unconventional hydrocarbons resources, growing environmental concerns, and growing concern for human resources safety in industries are the major factors driving the hazard control market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the hazard control market. These include ABB (Switzerland), Eaton (Ireland), Emerson (US), Schneider Electric (France), and Siemens (Germany). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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Scope of the Report:
·         By Protection Type
o    Fireproof/Explosion Proof
o    Intrinsic Safety
o    Others
·         By Product
o    Motors
o    Servo Valves
o    Sensors and Actuators
o    Drives
o    Others
·         By Industry
o    Oil & Gas
o    Metals and Mining
o    Chemicals and Pharmaceuticals
o    Mills (Flour and Grain)
o    Packaging
o    Aerospace and Defense
o    Others
·         By Region
o    North America
o    Asia Pacific
o    Europe
o    Middle East & Africa
o    South America

 Browse 67 market data Tables and 33 Figures spread through 143 Pages and in-depth TOC on "Hazard Control Market - Global Forecast to 2022"

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The intrinsic safety segment is expected to hold the largest share of the hazard control market, by protection type, during the forecast period.
Intrinsically safe devices limit the available electrical energy to non-incendive levels to avoid sparks and hotspots from short circuits or failures which may lead to explosive atmospheres. Intrinsically safe devices find widespread application across all industries and in all types of hazardous division and zone classifications. The demand for intrinsically safe devices is highest in Asia Pacific due to increasing industrialization in the region.

Objectives of the Study
To define, describe, segment, and forecast the hazard control market by product, protection type, industry, and region
To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the hazard control market with respect to individual growth trends, future expansions, and contribution to the market
To forecast the expansion of the hazard control market with respect to main regions (North America, Europe, the Middle East & Africa, Asia Pacific, and South America)
To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders

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The research methodology has been explained below.
·         Study of the annual revenues and market developments of the major players providing hazard control
·         Assessment of future trends and growth of the hazard control market
·         Assessment of the hazard control market with respect to the demand in each end-user segment
·         Analyses of market trends in various regions or countries by studying the growth of various industries
·         Study of the contracts and developments related to the hazard control market by key players across different regions
·         Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing hazard control across the globe

Target Audience:
The target audience of this report includes:
·        Component manufacturing companies
·        Energy associations
·        Government regulatory bodies
·        Industrial manufacturing companies
·        Environment monitoring bodies

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