The Complete Review by Experts on Hazard Control Market
with Growth Opportunities and 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.
The leading players in the hazard control market Includes:
ABB (Switzerland)
Siemens (Germany)
Schneider Electric (France)
Rockwell Automation (US)
Eaton (Ireland)
Emerson Electric (US).
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The report segments the hazard control market, on the basis of industry, product, protection
type, and region. The Oil & gas industry is expected to account for the largest share of the
hazard control market during the forecast period. Safety norms have been made stringent across
all major oil & gas producing regions, particularly North America and Europe. Incidents such as
the Deepwater Horizon oil spill in the US Gulf of Mexico have driven a new focus on safety,
environmental protection, and concern for human safety.
The hazard control market has been segmented, by protection type, into flameproof/explosion
proof, intrinsic safety, and others. The intrinsic safety segment is expected to be the largest and
fastest-growing segment. Intrinsically safe devices find widespread application across all