Global High-Integrity Pressure Protection System (HIPPS) Market Analysis & Trends - Industry Forecast to 2030

Global High-Integrity Pressure Protection System (HIPPS) Market Analysis & Trends - Industry Forecast to 2030

High-Integrity Pressure Protection System (HIPPS): Market Size

From $650.38 million in 2024, the global High-Integrity Pressure Protection System (HIPPS) Market is projected to reach $1,196.89 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.7% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing usage of industrial internet of things (IIOT), expansion of refineries and petrochemical plants and focus of market players on offering improved customer services.

Global High-Integrity Pressure Protection System (HIPPS) Market: Market Dynamics

The demand for power in developing nations will increase in the coming years with an increase in population and urbanization this will lead to an increase in the demand for market. Factors such as imposing government regulatory norms to ensure safety and security at manufacturing plants, increasing focus of countries across the world on participating in gas flaring and venting reduction programs, and rising demand for reliable safety solutions for personnel and asset protection in high-pressure environments are expected to drive the market.

On the other hand, the high installation costs and maintenance of strict standards for the implementation are likely to obstruct the profit boundaries. In addition, the Expansion of refineries and petrochemical plants will further boost the High-Integrity Pressure Protection System (HIPPS) market.

Impact of COVID-19 on High-Integrity Pressure Protection System (HIPPS)

The market has been negatively impacted by the outbreak of COVID-19. The lockdown restrictions across various countries caused the production processes to come to a halt. The fall in the demand from end-user industries led to a decline in the market. Revival of the economy in the post-COVID period will boost the demand for high integrity pressure protection system. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the global High-Integrity Pressure Protection System (HIPPS) market. Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the global market over the forecast timeline.


By End User

Oil & Gas Segment Dominate the Market in 2024

The Oil & Gas segment made huge revenue in 2024 and growing its prominence during the forecast period, owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. The application of oil & gas in a high integrity pressure protection system helps to control the over-pressurization in processes. Along with the growing demand for CNG vehicles, the increase in the consumption of natural gas across the globe has risen. Due to this factor, it has increased the production plant of natural gas which is a prominent factor attributed to the demand for HIPPS.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period, owing to the focus of countries on expanding oil & gas refining capacity and significant growth in the chemicals industry. The increasing acceptance of functional safety systems in the oil & gas industry has fostered the demand for the market in this region to ensure the protection of the environment, equipment, and personnel. In recent years, the requirement for gas in China has surged sharply due to the expansion of the petroleum industry, improvement in living standards, and the development of gas infrastructure.

List of the Key Players Profiled in the Market Include:

• Rockwell Automation
• Emerson Electric Co.
• Severn Glocon Group
• Schneider Electric
• Yokogawa Electric Corporation
• ABB Ltd
• Siemens AG
• Schlumberger NV
• Mogas Industries Inc.
• Mokveld Valves BV
• SELLA CONTROLS Ltd
• ATV Hipps
• HIMA Paul Hildebrandt GmbH
• PetrolValves SpA
• L&T Valves Limited (Larsen & Toubro Limited)
• BEL Valves (British Engines Limited)

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others