High-Integrity Pressure Protection System Market

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.

High-Integrity Pressure Protection System Market contains market size and forecasts of High-Integrity Pressure Protection System in Global, including the following market information:

Global High-Integrity Pressure Protection System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global High-Integrity Pressure Protection System market was valued at 578.8 million in 2021 and is projected to reach US$ 982.2 million by 2028, at a CAGR of 7.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Components Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of High-Integrity Pressure Protection System include Emerson Electric, Yokogawa Electric, Schneider Electric, Rockwell Automation, HIMA, Schlumberger, Severn Glocon Group, Siemens and Larsen & Toubro, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the High-Integrity Pressure Protection System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global High-Integrity Pressure Protection System Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global High-Integrity Pressure Protection System Market Segment Percentages, by Type, 2021 (%)

Components

Services

Global High-Integrity Pressure Protection System Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global High-Integrity Pressure Protection System Market Segment Percentages, by Application, 2021 (%)

Power Generation

Oil and Gas

Chemicals

Food and Beverages

Metals and Mining

Pharmaceutical

Others

Global High-Integrity Pressure Protection System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global High-Integrity Pressure Protection System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies High-Integrity Pressure Protection System revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies High-Integrity Pressure Protection System revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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