Hazard Control Market 2018 Studies, Insights by Experts, Forecast till 2022

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Hazard Control Market 2018 Studies, Insights by
Experts, Forecast till 2022
www.MarketsandMarkets.com
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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. PDF Brochure https//www.marketsan
dmarkets.com/pdfdownload.asp?id261869100

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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. Request for Customization
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Browse gtgt 67 market data
tables 33 figures
143 pages and in-depth TOC on Hazard
Control Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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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.
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• Target Audience
• Component manufacturing companies
• Energy associations
• Government regulatory bodies
• Industrial manufacturing companies
• Environment monitoring bodies
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
  market. These include
• Siemens
• Emerson
• ABB
• Rockwell
• Eaton
• Ametek
• Magnetek
• Mitsubishi Electric
• BEI Sensors
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