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Global High-Integrity Pressure Protection System Market 2017-2021

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.

Technavio’s 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
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?


Press Release

Technavio Announces the Publication of its Research Report – Global High-Integrity Pressure Protection System Market 2017-2021

Technavio recognizes the following companies as the key players in the global high-integrity pressure protection system market: ABB, Schneider Electric, Rockwell Automation, and Yokogawa Electric.

Other Prominent Vendors in the market are: Emerson Electric, Esoterica Automation, GE, HIMA, Honeywell Process Solutions, Johnson Controls, Mokveld, Norgren, OMRON, RTP, Siemens, and Tyco International.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is introduction of safety PLC. Safety PLCs have increasingly become popular as logic solvers in the past 10 years. This is due to their ability to provide shared logic solver duties for many safety functions within one HIPPS. They perform simple logic combined with efficient operator interfacing and secure management of the program logic.”

According to the report, one of the major drivers for this market is rise in midstream infrastructure. In the midstream sector, production flowlines from the wellhead to the offshore storage facilities and to the end-users' processing plants are usually built to withstand high wellhead shut-in pressures, even if the pressure in the flowline is much lower under normal operating conditions. Building this pressure buffer into the system can be costly and may endanger economic feasibility. HIPPS circumvents this problem by downrating the pipeline pressure.

Further, the report states that one of the major factors hindering the growth of this market is capital expenditure cuts by major oil and gas industry. The oil and gas industry is one of the major end-users of HIPPS and other safety systems products. Both international and regional oil companies are negotiating aggressively to draw discounts from automation service providers. While companies are trying their best to deal with the market downturn by reducing capital expenditure, factors such as exiting equity capital, expected crew change, and stringent environmental concerns continue to add pressure on enterprise operations.

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.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table HIPPS logic flow
      • Table Cost breakdown structure for HIPPS
      • Table Average probability of failure on demand and risk reduction factor documented in IEC 61508
      • Table Market segmentation: Based on end-users and geography
      • Table Key geographies covered
    • Key vendors in the market
      • Table Key vendors in the market
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table HIPPS solutions by industry
      • Table SIL preference by end-user segment
  • Market andscape
    • Global market size and forecast
      • Table Global HIPPS market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Table Global HIPPS market: End-user segmentation 2016 and 2021
    • Global HIPPS market in oil and gas industry
      • Table Global HIPPS market in oil and gas industry 2016-2021 ($ millions)
    • Global HIPPS market in chemicals and petrochemicals industry
      • Table Global HIPPS market in chemicals and petrochemicals industry 2016-2021 ($ millions)
    • Global HIPPS market in pharmaceutical industry
      • Table Global HIPPS market in pharmaceutical industry 2016-2021 ($ millions)
    • Global HIPPS market in other industries
      • Table Global HIPPS market in other industries 2016-2021 ($ millions)
    • Key takeaways
  • Geographical segmentation
    • Table Global HIPPS market: Geographic segmentation 2016 and 2021
    • HIPPS market in EMEA
      • Table HIPPS market in EMEA 2016-2021 ($ millions)
    • HIPPS market in Americas
      • Table Key natural gas pipeline projects in North America
      • Table HIPPS market in Americas 2016-2021 ($ millions)
    • Global HIPPS market in APAC
      • Table HIPPS market in APAC 2016-2021 ($ millions)
    • Key takeaways
  • Market drivers
    • Table Global pipelines 2015 and 2025 (miles)
    • Table Functionality and drawbacks of traditional safety systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Oil prices impact on capital investments
    • Table Oil bankruptcies in the year 2015-16
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Advantages and challenges of standard PLCs
  • Vendor landscape
    • Value chain analysis
      • Table MAC workflow for HIPPS procurement
    • Competition overview
    • Competition analysis
  • Appendix
    • List of abbreviations
  • Explore Technavio

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