Hazard Control Global Market is Projected to Reach $2 Billion by 2030 at a CAGR of 3.4%
Global Market for Hazard Control
Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "Hazard Control - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Hazard Control estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.
Motors, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$683.9 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Servo Valves segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $406.1 Million, While China is Forecast to Grow at 6.2% CAGR
The Hazard Control market in the U.S. is estimated at US$406.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$403.7 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$257.9 Million by the year 2030.
Select Competitors (Total 41 Featured) -
Bosch Rexroth AG
Eaton Corporation PLC
Emerson Electric Company
Mitsubishi Electric Corporation
Rockwell Automation, Inc.
Schneider Electric SA
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Hazard Controls: An Introduction
A Prelude to Hazard Control
Hazard Control - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Market Share by Applications
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/o0sgfz
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