Hazard Control Market 2018 Studies, Insights by Experts,
Forecast till 2022
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", The hazard control
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.
Browse 67 market data Tables and 33 Figures spread through 143 Pages and in-depth TOC
on "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"
https://www.marketsandmarkets.com/Market-Reports/hazard-control-market-261869100.html
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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.