Global High-Integrity Pressure Protection System (HIPPS) Market 2020-2024
Technavio has been monitoring the high-integrity pressure protection system market and it is poised to grow by $ 56.53 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on high-integrity pressure protection system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in midstream infrastructure, compliance with stringent industry regulations, and drawbacks in traditional safety systems.
The high-integrity pressure protection system market analysis includes end-user segment and geographic landscape.
Technavio's high-integrity pressure protection system market is segmented as below:
- Oil and gas
- Chemicals and petrochemicals
By Geographic Landscapes
- North America
- South America
This study identifies the introduction of safety PLC as one of the prime reasons driving the high-integrity pressure protection system market growth during the next few years. Also, Increased use of industry-standard OPSYS will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our high-integrity pressure protection system market covers the following areas:
- High-integrity pressure protection system market sizing
- High-integrity pressure protection system market forecast
- High-integrity pressure protection system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high-integrity pressure protection system market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., HIMA GmbH, Honeywell International Inc., Johnson Controls International Plc, Mokveld Valves BV, Rockwell Automation Inc., Schneider Electric SE, and Yokogawa Electric Corp. Also, the high-integrity pressure protection system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.