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The Hazard Control market size will grow from USD 1.24 Billion in 2017 to USD 1.75 Billion by 2023, at an estimated CAGR of 5.89%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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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.

By Market Players:

Schneider Electric , Siemens , Emerson , ABB , Rockwell , Eaton , Ametek , Magnetek , Mitsubishi Electric , BEI Sensors , Bosch Rexroth , Bartec

By Product

Motors , Servo Valves , Sensors & Actuators , Drives , Others

By Protection Type

Intrinsic Safety , Flameproof/Explosion Proof , Others

By Industry

Oil & Gas , Metals & Mining , Chemicals & Pharmaceuticals , Mills (Flour & Grain) , Packaging 

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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:

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The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

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