openPR Logo
Press release

High-Integrity Pressure Protection System (HIPPS) Market - Know the Prominent Factors That Will Help in Reshaping the Market Growth

03-10-2023 03:43 PM CET | IT, New Media & Software

Press release from: Global Insight Services

High-Integrity Pressure Protection System (HIPPS) Market

High-Integrity Pressure Protection System (HIPPS) Market

Global High-Integrity Pressure Protection System (HIPPS) Market report from Global Insight Services is the single authoritative source of intelligence on High-Integrity Pressure Protection System (HIPPS) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Get Access to A Free Sample Copy of Our Latest Report: https://www.globalinsightservices.com/request-sample/GIS20922

A High-Integrity Pressure Protection System (HIPPS) is a safety system used to protect process plant equipment from over-pressurization. The system is designed to automatically detect and relieve over-pressurization conditions before they can cause damage to equipment or injury to personnel.

Key Trends

There are several key trends in High-Integrity Pressure Protection System (HIPPS) technology. One is the trend toward using more advanced and sophisticated sensors to monitor system conditions. This includes the use of acoustic sensors, which can detect very small leaks, and infrared sensors, which can detect leaks at night or in other difficult-to-see conditions.

Read more about High-Integrity Pressure Protection System (HIPPS) Market here: https://www.globalinsightservices.com/reports/high-integrity-pressure-protection-system-hipps-market

Another key trend is the use of more robust and reliable valves and actuators. This is especially important in safety-critical applications where a failure could result in a catastrophic release of pressure. Newer valves and actuators are often designed with multiple redundancies and fail-safes to ensure that they will operate as intended even in the event of a component failure.

Key Drivers

The need for safe and reliable operations is the primary driver for the HIPPS market. Over pressurization of process equipment and pipelines can lead to catastrophic accidents, which can cause injuries, fatalities, and damage to equipment and the environment. HIPPS can prevent over pressurization by automatically shutting down the process when the set pressure is reached. This reduces the risk of accidents and ensures safe and reliable operations.

The increasing stringent regulations is another key driver for the HIPPS market. Regulations such as the Occupational Safety and Health Administration (OSHA) Process Safety Management (PSM) standard and the European Union (EU) Pressure Equipment Directive (PED) require the use of pressure-relieving devices such as HIPPS to protect workers and the environment from the risks of over pressurization.

Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS20922

Market Segmentation

The market is segmented by type, end-user and region. By type the market is divided into Components and services. By end-user the market is classified into oil & gas, chemicals, power generation, food & beverages, pharmaceuticals, metals & mining, and others. By region the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the market are Rockwell Automation, Emerson Electric Co., Yokogawa Electric Corporation, Siemens AG, Schneider Electric, General Electric, ABB, Honeywell, Schlumberger and Mokveld Valves.

For In-Depth Competitive Analysis, Purchase this Report: https://www.globalinsightservices.com/checkout/single_user/GIS20922/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High-Integrity Pressure Protection System (HIPPS) Market - Know the Prominent Factors That Will Help in Reshaping the Market Growth here

News-ID: 2970670 • Views:

More Releases from Global Insight Services

Submersible Pump Market Is Anticipated To Expand From $14.5 Billion In 2024 To $21.8 Billion By 2034
Submersible Pump Market Is Anticipated To Expand From $14.5 Billion In 2024 To $ …
Market Overview The Submersible Pump Market is anticipated to expand from $14.5 billion in 2024 to $21.8 billion by 2034, registering a steady CAGR of approximately 4.2%. Submersible pumps are designed for submerged operations in various fluids, enabling efficient water extraction, sewage treatment, and oil and gas applications. These pumps are extensively used across sectors such as agriculture, municipal infrastructure, and industrial processes, offering reliable performance in demanding environments. The market's
Special Mission Aircraft Market Is Anticipated To Expand From $17.3 Billion In 2024 To $29.9 Billion By 2034
Special Mission Aircraft Market Is Anticipated To Expand From $17.3 Billion In 2 …
Market Overview The Special Mission Aircraft Market is witnessing substantial expansion, driven by the rising need for versatile and technologically advanced aircraft tailored for unique operational roles. These aircraft are not limited to traditional transport duties but are equipped for specific missions such as intelligence gathering, surveillance, reconnaissance, search and rescue, and maritime patrol. As defense and homeland security agencies worldwide focus on enhancing situational awareness and operational efficiency, the Special
Medical Tourism Market Is Anticipated To Expand From $115.6 Billion In 2024 To $346.1 Billion By 2034
Medical Tourism Market Is Anticipated To Expand From $115.6 Billion In 2024 To $ …
Market Overview The Medical Tourism Market has emerged as a transformative force within the global healthcare ecosystem, offering patients an affordable and accessible alternative to high-cost treatments in their home countries. It represents a growing trend where individuals travel abroad to receive medical services ranging from elective cosmetic procedures to complex surgeries. The demand surge is primarily fueled by cost-effectiveness, high-quality care, shorter waiting times, and the availability of advanced treatments
Magnetic Sensor Market Is Anticipated To Expand From $5.42 Billion In 2024 To $12.48 Billion By 2034
Magnetic Sensor Market Is Anticipated To Expand From $5.42 Billion In 2024 To $1 …
Market Overview The Magnetic Sensor Market is anticipated to expand from $5.42 billion in 2024 to $12.48 billion by 2034, growing at a CAGR of approximately 8.7%. This rapid growth reflects the rising integration of magnetic sensing technologies across diverse industries such as automotive, consumer electronics, healthcare, and industrial automation. These sensors are essential for detecting magnetic fields and translating them into electrical signals, enabling applications like navigation, position sensing, current

All 5 Releases


More Releases for HIPPS

Global HIPPS Market Expansion Driven by Oil & Gas and Industrial Safety Needs, 2 …
London, UK - October 2025 | Strategic Revenue Insights Inc. The High-Integrity Pressure Protection System (HIPPS) market is emerging as a critical segment within industrial safety technologies, addressing the growing demand for reliable overpressure prevention systems in high-risk sectors such as oil and gas, chemicals, and power generation. HIPPS solutions are designed to safeguard human lives, protect equipment, and ensure environmental safety by preventing catastrophic overpressure incidents. With technological advancements
High Integrity Pressure Protection System Hipps Market Growth, Innovations, and …
The "Exactitude Consultancy: High Integrity Pressure Protection System Hipps Market Insights and Forecast 2034" report provides an in-depth analysis of the global High Integrity Pressure Protection System Hipps market, offering insights into market trends, drivers, and the future growth trajectory from 2025 to 2034. Industry leaders, investors, and stakeholders can leverage this detailed report to make informed decisions and stay ahead in a rapidly evolving market. This report is also available
High Integrity Pressure Protection System (HIPPS) Market Overview and Demands by …
High Integrity Pressure Protection System (HIPPS) Market Overview: High Integrity Pressure Protection Systems (HIPPS) play a crucial role in ensuring the safety and integrity of industrial processes by rapidly isolating the flow of hazardous fluids in the event of overpressure conditions. As industries prioritize operational safety and environmental protection, the demand for HIPPS solutions is witnessing steady growth. With a projected compound annual growth rate (CAGR) of 7.50%, the HIPPS market
High-Integrity Pressure Protection System (HIPPS) Market Share, Trend and Segmen …
High-Integrity Pressure Protection System (HIPPS) Market Scope & Overview The High-Integrity Pressure Protection System (HIPPS) Market Size is projected to reach a valuation of 814.72 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period of 2023-2030. In 2022, the market was valued at USD 484.95 million - According to Research by SNS Insider. The most recent COVID-19 scenario study is important for market actors preparing
High-Integrity Pressure Protection System (HIPPS) Market Analysis, Growth Factor …
he global High Integrity Pressure Protection System market size was valued at USD 484 million in 2022 and is projected to reach USD 670 Billion by 2027 Global "High-Integrity Pressure Protection System (HIPPS) Market" 2022 Reports give a Key study on the industry status of the High-Integrity Pressure Protection System (HIPPS) Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report
Global High-Integrity Pressure Protection System (HIPPS) Market Latest Report Wi …
The information provided in the world class Global High-Integrity Pressure Protection System (HIPPS) Market analysis report will definitely help increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. The tailor made industry analysis report provides services to the exact challenge. Whether it is survey work, in-depth interviewing, or a