Press release
Global High-Integrity Pressure Protection System Market to grow at a CAGR of 7.4% during the period 2017-2021
The objectives of this study are as follows:
To define, describe, and forecast the "High-Integrity Pressure Protection System" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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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.
Technavios analysts forecast the global high-integrity pressure protection system 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.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, 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.
Key vendors
ABB
Schneider Electric
Rockwell Automation
Yokogawa Electric
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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?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Key vendors in the market
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Global market size and forecast
Five forces analysis
PART 06: Market segmentation by end-users
Global HIPPS market in oil and gas industry
Global HIPPS market in chemicals and petrochemicals industry
Global HIPPS market in pharmaceutical industry
Global HIPPS market in other industries
Key takeaways
PART 07: Geographical segmentation
HIPPS market in EMEA
HIPPS market in Americas
Global HIPPS market in APAC
Key takeaways
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
Value chain analysis
Competition overview
Competition analysis
PART 14: Appendix
List of abbreviations
PART 15: Explore Technavio
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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)
Exhibit 16: Global HIPPS market in other industries 2016-2021 ($ millions)
Exhibit 17: Global HIPPS market: Geographic segmentation 2016 and 2021
Exhibit 18: HIPPS market in EMEA 2016-2021 ($ millions)
Exhibit 19: Key natural gas pipeline projects in North America
Exhibit 20: HIPPS market in Americas 2016-2021 ($ millions)
Exhibit 21: HIPPS market in APAC 2016-2021 ($ millions)
Exhibit 22: Global pipelines 2015 and 2025 (miles)
Exhibit 23: Functionality and drawbacks of traditional safety systems
Exhibit 24: Impact of drivers
Exhibit 25: Oil prices impact on capital investments
Exhibit 26: Oil bankruptcies in the year 2015-16
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Advantages and challenges of standard PLCs
Exhibit 29: MAC workflow for HIPPS procurement
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