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
[143 Pages Report] The global hazard control market was valued at USD 1.17 Billion in 2016 and is expected to grow at a CAGR of 5.83%, during the forecast period, to reach USD 1.63 Billion by 2022. Stringent norms for industrial safety, the development of unconventional hydrocarbons resources, growing environmental concerns, and growing concern for human resources safety in industries are the major factors driving the hazard control market.
The years considered for the study are as follows:
- Base Year: 2016
- Estimated Year: 2017
- Projected Year: 2022
- Forecast Period: 2017 to 2022
The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, segment, and forecast the hazard control market by product, protection type, industry, and region
- To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the hazard control market with respect to individual growth trends, future expansions, and contribution to the market
- To forecast the expansion of the hazard control market with respect to main regions (North America, Europe, the Middle East & Africa, Asia Pacific, and South America)
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To analyze competitive developments, such as contracts & agreements, mergers & acquisitions, new product developments, and research and development (R&D) in the hazard control market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global hazard control market. Primary sources are mainly industry experts from core and related industries, service providers, technology developers, standards and certification organizations of companies, and organizations related to all segments of this industrys supply chain. The research methodology has been explained below.
- Study of the annual revenues and market developments of the major players providing hazard control
- Assessment of future trends and growth of the hazard control market
- Assessment of the hazard control market with respect to the demand in each end-user segment
- Analyses of market trends in various regions or countries by studying the growth of various industries
- Study of the contracts and developments related to the hazard control market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing hazard control across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study based on company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
The leading players in the hazard control market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Eaton (Ireland), and Emerson Electric (US).
Target Audience:
The target audience of this report includes:
- Component manufacturing companies
- Energy associations
- Government regulatory bodies
- Industrial manufacturing companies
- Environment monitoring bodies
Want to explore hidden markets that can drive new revenue in Hazard Control Market?
- By Protection Type
- Fireproof/Explosion Proof
- Intrinsic Safety
- Others
- By Product
- Motors
- Servo Valves
- Sensors and Actuators
- Drives
- Others
- By Industry
- Oil & Gas
- Metals and Mining
- Chemicals and Pharmaceuticals
- Mills (Flour and Grain)
- Packaging
- Aerospace and Defense
- Others
- By Region
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (up to 5)
The global hazard control market is projected to grow at a CAGR of 5.83%, from 2017 to 2022, to reach a market size of USD 1.63 Billion by 2022. This growth is attributed to stringent norms for industrial safety, increasing environmental concerns, and growing concerns for human safety in industries.
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 industries and in all types of hazardous division and zone classifications. Increasing industrialization in Asia Pacific will drive the demand for such devices during the forecast period.
The hazard control market has been segmented, based on product, into motors, servo valves, sensors and actuators, drives, and others. The motors segment accounted for the largest market share in 2016, while the servo valves segment is expected to grow at the highest CAGR, from 2017 to 2022, due to increasing applications in the oil & gas and chemicals and pharmaceuticals industries.
In this report, the hazard control market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is projected to the largest market for hazard control, during the forecast period, due to increased activities in the unconventional oil & gas production sector in the region. The market in Asia Pacific is expected to grow at the highest CAGR, from 2017 to 2022. This growth can be attributed to growing industrialization and urbanization and increasingly stringent industrial safety norms in the region. Countries such as China, India, and Japan are driving the hazard control market in Asia Pacific.
The lack of effective monitoring mechanisms with regard to industrial safety norms is a restraint for the market.
The leading players in the hazard control market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Eaton (Ireland), and Emerson Electric (US). New product launches was the strategy most commonly adopted by top players, constituting 54% of the total developments, from 2014 to June 2017. It was followed by contracts & agreements, mergers & acquisitions, and expansions.
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Limitations
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in the Hazard Control Market
4.2 Hazard Control Market, By Protection Type
4.3 Hazard Control Market, By Product
4.4 North American Hazard Control Market: Protection Type & Country
4.5 Hazard Control Market, By Country
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Norms for Industrial Safety
5.2.1.2 Development of Unconventional Hydrocarbon Resources
5.2.1.3 Growing Environmental Concerns
5.2.1.4 Growing Concern for Human Safety in Industries
5.2.2 Restraints
5.2.2.1 High Capital Cost Requirements
5.2.2.2 Lack of Efficient Government Monitoring for Industrial Safety in Developing Economies
5.2.3 Opportunities
5.2.3.1 Growth in the Manufacturing Sector in Asia Pacific
5.2.3.2 Increase in the Use of Sensitive Equipment
5.2.4 Challenges
5.2.4.1 Approval From Regulatory and Certification Authorities
5.2.4.2 Ensuring Sync Between Different Components to Minimize Hazardous Occurrences
6 Hazard Control Market, By Product (Page No. - 37)
6.1 Introduction
6.2 Motors
6.3 Servo Valves
6.4 Sensors & Actuators
6.5 Drives
6.6 Others
7 Hazard Control Market, By Protection Type (Page No. - 44)
7.1 Introduction
7.2 Intrinsic Safety
7.3 Flameproof/Explosion Proof
7.4 Others
8 Hazard Control Market, By Industry (Page No. - 49)
8.1 Introduction
8.2 Oil & Gas
8.3 Metals & Mining
8.4 Chemicals & Pharmaceuticals
8.5 Mills (Flour & Grain)
8.6 Packaging
8.7 Aerospace & Defense
8.8 Others
9 Hazard Control Market, By Region (Page No. - 58)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Russia
9.3.2 France
9.3.3 UK
9.3.4 Germany
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Colombia
9.5.3 Argentina
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 South Africa
9.6.4 Rest of the Middle East & Africa
10 Competitive Landscape (Page No. - 94)
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Mergers & Acquisitions
10.3.3 Investments & Expansions
10.3.4 Contracts & Agreements
10.3.5 Partnerships & Collaborations
11 Company Profiles (Page No. - 99)
(Overview, Products and Services, Financials, Strategy & Development)*
11.1 Schneider Electric
11.2 Siemens
11.3 Emerson
11.4 ABB
11.5 Rockwell
11.6 Eaton
11.7 Ametek
11.8 Magnetek
11.9 Mitsubishi Electric
11.10 BEI Sensors
11.11 Bosch Rexroth
11.12 Bartec
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 135)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (67 Tables)
Table 1 Hazard Control Market Snapshot
Table 2 Hazard Control Market Size, By Product, 20152022 (USD Million)
Table 3 Motors: Hazard Control Market Size, By Region, 20152022 (USD Million)
Table 4 Servo Valves: Market Size, By Region, 20152022 (USD Million)
Table 5 Sensors & Actuators: Market Size, By Region, 20152022 (USD Million)
Table 6 Drives: Market Size, By Region, 20152022 (USD Million)
Table 7 Others: Market Size, By Region, 20152022 (USD Million)
Table 8 Hazard Control Market Size, By Protection Type, 20152022 (USD Million)
Table 9 Intrinsic Safety: Hazardous Control Systems Market Size, By Region, 20152022 (USD Million)
Table 10 Flameproof/Explosion Proof: Market Size, By Region, 20152022 (USD Million)
Table 11 Others: Hazardous Control Systems Market Size, By Region, 20152022 (USD Million)
Table 12 Hazard Control Market Size, By Industry, 20152022 (USD Million)
Table 13 Oil & Gas: Market Size, By Region, 20152022 (USD Million)
Table 14 Metals & Mining: Market Size, By Region, 20152022 (USD Million)
Table 15 Chemicals & Pharmaceuticals: Market Size, By Region, 20152022 (USD Million)
Table 16 Mills (Flour & Grain): Market Size, By Region, 20152022 (USD Million)
Table 17 Packaging: Market Size, By Region, 20152022 (USD Million)
Table 18 Aerospace & Defense: Market Size, By Region, 20152022 (USD Million)
Table 19 Others: Market Size, By Region, 20152022 (USD Million)
Table 20 Hazard Control Market Size, By Region, 20152022 (USD Million)
Table 21 Hazard Control Market Size, By Country (Top Five), 20152022 (USD Million)
Table 22 North America: Market Size, By Product, 20152022 (USD Million)
Table 23 North America: Market Size, By Protection Type, 20152022 (USD Million)
Table 24 North America: Market Size, By Industry, 20152022 (USD Million)
Table 25 North America: Market Size, By Country, 20152022 (USD Million)
Table 26 US: Hazard Control Market Size, By Product, 20152022 (USD Million)
Table 27 Canada: Market Size, By Product, 20152022 (USD Million)
Table 28 Mexico: Market Size, By Product, 20152022 (USD Million)
Table 29 Europe: Market Size, By Product, 20152022 (USD Million)
Table 30 Europe: Market Size, By Protection Type, 20152022 (USD Million)
Table 31 Europe: Market Size, By Industry, 20152022 (USD Million)
Table 32 Europe: Market Size, By Country, 20152022 (USD Million)
Table 33 Russia: Market Size, By Product, 20152022 (USD Million)
Table 34 France: Market Size, By Product, 20152022 (USD Million)
Table 35 UK: Market Size, By Product, 20152022 (USD Million)
Table 36 Germany: Market Size, By Product, 20152022 (USD Million)
Table 37 Rest of Europe: Market Size, By Product, 20152022 (USD Millions)
Table 38 Asia Pacific: Market Size, By Product, 20152022 (USD Million)
Table 39 Asia Pacific: Market Size, By Protection Type, 20152022 (USD Million)
Table 40 Asia Pacific: Market Size, By Industry, 20152022 (USD Million)
Table 41 Asia Pacific: Market Size, By Country, 20152022 (USD Million)
Table 42 China: Market Size, By Product, 20152022 (USD Million)
Table 43 India: Market Size, By Product, 20152022 (USD Millions)
Table 44 Japan: Market Size, By Product, 20152022 (USD Million)
Table 45 Rest of Asia Pacific: Market Size, By Product, 20152022 (USD Million)
Table 46 South America: Market Size, By Product, 20152022 (USD Million)
Table 47 South America: Market Size, By Protection Type, 20152022 (USD Million)
Table 48 South America: Market Size, By Industry, 20152022 (USD Million)
Table 49 South America: Market Size, By Country, 20152022 (USD Million)
Table 50 Brazil: Market Size, By Product, 20152022 (USD Million)
Table 51 Colombia: Market Size, By Product, 20152022 (USD Million)
Table 52 Argentina: Market Size, By Product, 20152022 (USD Million)
Table 53 Rest of South America: Market Size, By Product, 20152022 (USD Million)
Table 54 Middle East & Africa: Market Size, By Product, 20152022 (USD Million)
Table 55 Middle East & Africa: Market Size, By Protection Type, 20152022 (USD Million)
Table 56 Middle East & Africa: Market Size, By Industry, 20152022 (USD Million)
Table 57 Middle East & Africa: Market Size, By Country, 20152022 (USD Million)
Table 58 Saudi Arabia: Market Size, By Product, 20152022 (USD Million)
Table 59 UAE: Market Size, By Product, 20152022 (USD Millions)
Table 60 South Africa: Market Size, By Product, 20152022 (USD Millions)
Table 61 Rest of the Middle East & Africa: Market Size, By Product, 20152022 (USD Millions)
Table 62 Market Developments Between 2014 and 2017
Table 63 New Product Launches, 20142017
Table 64 Mergers & Acquisitions, 20142017
Table 65 Investments & Expansions, 20142017
Table 66 Contracts & Agreements, 20142017
Table 67 Partnerships & Collaborations, 20142017
List of Figures (33 Figures)
Figure 1 Hazard Control Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 Hazard Control Market, By Region (Value), 2017
Figure 7 Hazard Control Market, By Protection Type, 20172022 (USD Billion)
Figure 8 Hazard Control Market, By Industry, 20172022 (USD Billion)
Figure 9 Stringent Norms for Industrial Safety are Expected to Drive the Hazard Control During the Forecast Period
Figure 10 The Intrinsic Safety Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 The Motors Segment is Expected to Dominate the Hazard Control Market, 2022
Figure 12 The Fireproof/Explosion Proof Hazard Control & US Segments Held the Largest Market Shares in 2016
Figure 13 India & China Among the Fastest-Growing Markets During the Forecast Period
Figure 14 Market Dynamics for the Market
Figure 15 Natural Gas Production in the US is Estimated to Increase in 2018
Figure 16 The Motors Segment Accounted for the Largest Market Share in 2016
Figure 17 The Intrinsic Safety Segment Accounted for the Largest Market Share in 2016
Figure 18 Oil & Gas: the Expected Largest Market, By Industry, 2017 (USD Million)
Figure 19 Regional Snapshot (2016): Asia Pacific is Emerging as A New Hotspot for the Market
Figure 20 Asia Pacific: the Fastest Growing Market, 20172022
Figure 21 North America: Market Overview
Figure 22 Europe: Market Overview
Figure 23 Key Developments in the Hazard Control Market, 20142017
Figure 24 Market Ranking Based on Revenue, 2016
Figure 25 Schneider Electric: Company Snapshot
Figure 26 Siemens: Company Snapshot
Figure 27 Emerson: Company Snapshot
Figure 28 ABB: Company Snapshot
Figure 29 Rockwell: Company Snapshot
Figure 30 Eaton: Company Snapshot
Figure 31 Ametek: Company Snapshot
Figure 32 Mitsubishi Electric: Company Snapshot
Figure 33 Bosch Rexroth: Company Snapshot
Growth opportunities and latent adjacency in Hazard Control Market