Global High-Integrity Pressure Protection System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High-Integrity Pressure Protection System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A high-integrity pressure protection system (HIPPS) is a Component 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.

Market Overview:

The latest research study on the global High-Integrity Pressure Protection System market finds that the global High-Integrity Pressure Protection System market reached a value of USD 502.46 million in 2022. It’s expected that the market will achieve USD 700.0 million by 2028, exhibiting a CAGR of 5.68% during the forecast period.

Opportunities

Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost effective, high performance product in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, also due to the increasing demand for High-Integrity Pressure Protection System, the market of High-Integrity Pressure Protection System has great market potential.

Region Overview:

From 2023-2028, Middle East & Africa is estimated to witness robust growth prospects.

Company Overview:

Yokogawa Electric is one of the major players operating in the High-Integrity Pressure Protection System market, holding a share of 14.08% in 2018.

Yokogawa Electric Corporation is a Japanese electrical engineering and software company, with businesses based on its measurement, control, and information technologies.

HIMA is a trusted partner to the world's largest oil, gas, chemical, and energy-producing companies. HIMA Smart Safety solutions.

Segmentation Overview:

Among different product types, Valves segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Oil & Gas segment occupied the biggest share from 2018 to 2022.

Key Companies in the global High-Integrity Pressure Protection System market covered in Chapter 3:

Astava
HIMA
ATV
IMI
ABB
Petrolvalves
Sella Controls
Mokveld
Flowbus
Yokogawa Electric
Severn Glocon Group
Samson Group
Emerson Electric
Rockwell Automation
MOGAS Industries
Schneider Electric
Procontrol
Schlumberger

In Chapter 4 and Chapter 14.2, on the basis of types, the High-Integrity Pressure Protection System market from 2018 to 2029 is primarily split into:

Sensors
logic Solvers
Actuators
Valves

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High-Integrity Pressure Protection System market from 2018 to 2029 covers:

Power Generation
Oil & Gas
Chemicals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)