Global High-Integrity Pressure Protection System Market Growth (Status and Outlook) 2023-2029

Global High-Integrity Pressure Protection System Market Growth (Status and Outlook) 2023-2029

A high-integrity pressure protection system (HIPPS) is a type of safety instrumented system (SIS) designed to prevent over-pressurization of a plant, such as a chemical plant or oil refinery. The HIPPS will shut off the source of the high pressure before the design pressure of the system is exceeded, thus preventing loss of containment through rupture (explosion) of a line or vessel. Therefore, a HIPPS is considered as a barrier between a high-pressure and a low-pressure section of an installation.
LPI (LP Information)' newest research report, the “High-Integrity Pressure Protection System Industry Forecast” looks at past sales and reviews total world High-Integrity Pressure Protection System sales in 2022, providing a comprehensive analysis by region and market sector of projected High-Integrity Pressure Protection System sales for 2023 through 2029. With High-Integrity Pressure Protection System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High-Integrity Pressure Protection System industry.
This Insight Report provides a comprehensive analysis of the global High-Integrity Pressure Protection System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High-Integrity Pressure Protection System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global High-Integrity Pressure Protection System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High-Integrity Pressure Protection System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High-Integrity Pressure Protection System.
The global High-Integrity Pressure Protection System market size is projected to grow from US$ 550.3 million in 2022 to US$ 974.5 million in 2029; it is expected to grow at a CAGR of 8.5% from 2023 to 2029.
The industry's leading producers are Emerson Electric, Yokogawa Electric and Schneider Electric, with revenue ratios of 13.74%, 9.80% and 6.55%, respectively, in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of High-Integrity Pressure Protection System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Components
Services
Segmentation by application
Power Generation
Oil and Gas
Chemicals
Food and Beverages
Metals and Mining
Pharmaceutical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Emerson Electric
Yokogawa Electric
Schneider Electric
Rockwell Automation
HIMA
Schlumberger
Severn Glocon Group
Siemens
Larsen & Toubro
ABB
Paladon Systems
Baker Hughes
ATV HIPPS
Honeywell Process Solutions
Frames Group
Pietro Fiorentini SpA
SAMSON GROUP
ValvTechnologies Inc.
ProControl
Mogas Industries

Please note: The report will take approximately 2 business days to prepare and deliver.