Le Lézard
Classified in: Transportation, Science and technology
Subject: SVY

Hazard Control Market Worth 1.63 Billion USD by 2022


PUNE, India, December 11, 2017 /PRNewswire/ --

The report "Hazard Control Market by Product (Motors, Servo Valves, Sensors and Actuators, Drives), Protection (Flameproof, Intrinsic Safety), Industry (Oil & Gas, Mining, Chemicals, Mills, Packaging), and Region - Global Forecast to 2022", published by MarketsandMarketstm, the market is expected to grow from an estimated USD 1.22 Billion in 2017 to USD 1.63 Billion by 2022, at a CAGR of 5.83%, from 2017 to 2022. The global market is set to witness a significant growth due to stringent norms for industrial safety, development of unconventional hydrocarbon resources, growing environmental concerns, and growing concern for human resources safety in industries.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 67 market data Tables and 33 Figures spread through 144 Pages and in-depth TOC on "Hazard Control Market"

https://www.marketsandmarkets.com/Market-Reports/hazard-control-market-261869100.html

Early buyers will receive 10% customization on this report 

The motors segment is expected to hold the largest share of the Hazard Control Market, by product type, during the forecast period. 

The motors segment is expected to account for the largest share of the product type segment, followed by the servo valves and sensors and actuators segments. Motors are widely used across multiple applications in equipment such as industrial fans, blowers, and pumps. Motors are can operate in harsh working environments such as highly corrosive, dangerous environments, potentially explosive atmospheres, and wet environments.

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=261869100

The North American market is expected to hold the largest share of the Hazard Control Market, by region, during the forecast period. 

The North American market is driven by the development of unconventional hydrocarbon resources such as shale gas and tight oil. Revamping of the mining industry would also drive the growth of the Hazard Control Market in the region. Asia Pacific is projected to be fastest-growing regional market due to increasing industrialization in emerging economies such as India and China. According to the IEA, China is expected to account for 280 billion cubic meters (bcm) of global natural gas demand by 2040. China will also overtake the US as the top oil consumer, by 2030, with net imports of 13 million barrels per day (mb/d), by 2040.

The demand for crude oil would be driven by the petrochemical and transportation sectors. In the transportation sector, diesel is expected to be the key driving factor till 2040.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=261869100

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Hazard Control Market. The key players 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.

Browse Related Reports 

Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/motion-control-market-98406125.html

Hazardous Area Equipment Market by Product (Cable Glands and Accessories, Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms), Connectivity Service (Wired, and Wireless), Industry, and Geography - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/hazardous-area-equipment-market-197346515.html

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarketstm  

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets


These press releases may also interest you

at 15:10
ServiceChannel, the leading platform for the procurement and delivery of facilities services, announced today the introduction of new solutions that empower business operators to maximize their facilities investments. The Spring 2024 Product...

at 15:05
MAIA Biotechnology, Inc., ("MAIA", the "Company"), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today announced that independent directors Cristian Luput and Ramiro Guerrero, J.D, LL.M. made individual...

at 15:01
G FUEL and Gearbox Entertainment Company celebrate gaming icon Duke Nukem with Ego Boost, a new zero-sugar Energy Formula now available at GFUEL.com. Fans can purchase the cherry, orange, and pomegranate flavor as a 40-serving standalone powder Tub...

at 15:00
Beghou Consulting announced Thursday several additions to its executive team to support the company's technology innovation, product development and growth initiatives. Dan Cardinal, a Partner at Beghou, will become Chief Technology Officer. The...

at 15:00
Certified BERNINA dealer, Hoover's BERNINA Sew LLC, is thrilled to announce the return of their annual Spring Fling event. Taking place April 10th through April 12th at The Rusty Rail, the event offers giveaways, door prizes, and the opportunity to...

at 15:00
General Dynamics Information Technology (GDIT), a business unit of General Dynamics , announced today that it was awarded a $922 million contract to modernize the U.S. Central Command's (CENTCOM) enterprise IT infrastructure. The new contract,...



News published on and distributed by: