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
o
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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.
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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