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.
The valves segment is expected to hold a large share of the overall HIPPS market in 2017. Valves are used as final safety devices which control the pressure and discharge a certain amount of fluid by themselves without any electric power support. Valves actuate or stop the flow of hazardous fluids or external hydrocarbons (gases) on detection of a hazardous event. Extensive application of valves in the oil & gas and chemical industries is supporting the growth of this market. In mechanical HIPPS, the valves are cost-effective, and designed for in-line maintenance.
The oil & gas vertical dominated this market in 2017. The lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration.
In 2019, the market size of High-Integrity Pressure Protection System is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High-Integrity Pressure Protection System.
This report studies the global market size of High-Integrity Pressure Protection System, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the High-Integrity Pressure Protection System production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB
Schneider Electric
Rockwell Automation
Yokogawa Electric
Emerson Electric
Esoterica Automation
GE
HIMA
Honeywell Process Solutions
Johnson Controls
Mokveld
Norgren
OMRON
RTP
Siemens
Tyco International
Market Segment by Product Type
Logic Solvers
Valves
Actuators
Field Initiators
Market Segment by Application
Power Generation
Oil & Gas
Chemicals
Food & Beverages
Metals & Mining
Pharmaceutical
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the High-Integrity Pressure Protection System status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key High-Integrity Pressure Protection System manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of High-Integrity Pressure Protection System are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on High-Integrity Pressure Protection System. Industry analysis & Market Report on High-Integrity Pressure Protection System is a syndicated market report, published as Global (United States, European Union and China) High-Integrity Pressure Protection System Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of High-Integrity Pressure Protection System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.