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Hazard Control Global Market is Projected to Reach $2 Billion by 2030 at a CAGR of 3.4%

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Global Market for Hazard Control

Global Market for Hazard Control
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.

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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) -

  • ABB Group

  • AMETEK, Inc.

  • BEI Sensors

  • Bosch Rexroth AG

  • Eaton Corporation PLC

  • Emerson Electric Company

  • Magnetek, Inc.

  • Mitsubishi Electric Corporation

  • Rockwell Automation, Inc.

  • Schneider Electric SA

  • Siemens AG

Key Attributes:

Report Attribute

Details

No. of Pages

244

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$1.5 Billion

Forecasted Market Value (USD) by 2030

$2 Billion

Compound Annual Growth Rate

3.7%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/o0sgfz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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