About High-Integrity Pressure Protection System (HIPPS) is a type of safety instrumented system (SIS) that is used to safeguard a process to prevent a catastrophic release of flammable, toxic or explosive chemicals. Traditionally, in industrial plants, flare or relief systems are used for burning off flammables gases that are released through pressure relief valves during unplanned over-pressurization of plant equipment.
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Analysts forecast the Global High-Integrity Pressure Protection System (HIPPS) Market to Grow at a CAGR Of 7.4% During the Period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-integrity pressure protection system market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales and the aftermarket services of HIPPS in the oil and gas, chemicals and petrochemicals, pharmaceuticals, power, metal and mining, and foods and beverages industries.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global High-Integrity Pressure Protection System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- ABB
- Schneider Electric
- Rockwell Automation
- Yokogawa Electric
Other prominent vendors
- Emerson Electric
- Esoterica Automation
- GE
- HIMA
- Honeywell Process Solutions
- Johnson Controls
- Mokveld
- Norgren
- OMRON
- RTP
- Siemens
- Tyco International
Market driver
- Rise in midstream infrastructure
- For a full, detailed list, view our report
Market challenge
- Capital expenditure cuts by major oil and gas industry
- For a full, detailed list, view our report
Market trend
- Introduction of safety PLC
- For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Companies Mentioned:
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.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
List of Exhibits
Exhibit 01: HIPPS logic flow
Exhibit 02: Cost breakdown structure for HIPPS
Exhibit 03: Average probability of failure on demand and risk reduction factor documented in IEC 61508
Exhibit 04: Market segmentation: Based on end-users and geography
Exhibit 05: Key geographies covered
Exhibit 06: Key vendors in the market
Exhibit 07: Product offerings
Exhibit 08: HIPPS solutions by industry
Exhibit 09: SIL preference by end-user segment
Exhibit 10: Global HIPPS market 2016-2021 ($ millions)
Exhibit 11: Five forces analysis
Exhibit 12: Global HIPPS market: End-user segmentation 2016 and 2021
Exhibit 13: Global HIPPS market in oil and gas industry 2016-2021 ($ millions)
Exhibit 14: Global HIPPS market in chemicals and petrochemicals industry 2016-2021 ($ millions)
Exhibit 15: Global HIPPS market in pharmaceutical industry 2016-2021 ($ millions)
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