Global High-Integrity Pressure Protection System (HIPPS) Market 2021-2025

Global High-Integrity Pressure Protection System (HIPPS) Market 2021-2025

Technavio has been monitoring the high-integrity pressure protection system (HIPPS) market and it is poised to grow by $ 86.60 mn during 2021-2025, progressing at a CAGR of almost 6% during the forecast period. Our report on high-integrity pressure protection system (HIPPS) 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, latest trends and drivers, and the overall market environment. The market is driven by factors such as rise in midstream infrastructure and compliance to stringent industrial regulations. In addition, rise in midstream infrastructure is anticipated to boost the growth of the market as well.

The high-integrity pressure protection system (HIPPS) market analysis includes the end-user segment and geographic landscape.

Technavio's high-integrity pressure protection system (HIPPS) market is segmented as below:

By End-user

• Oil and gas
• Chemicals and petrochemicals
• Pharmaceuticals
• Others

By Geographical Landscape

• Europe
• APAC
• North America
• MEA
• South America

This study identifies the drawbacks in traditional safety systems as one of the prime reasons driving the high-integrity pressure protection system (HIPPS) market growth during the next few years.

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 report on high-integrity pressure protection system (HIPPS) market covers the following areas:

• High-integrity pressure protection system (HIPPS) market sizing
• High-integrity pressure protection system (HIPPS) market forecast
• High-integrity pressure protection system (HIPPS) 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 (HIPPS) market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., HIMA GmbH, Johnson Controls International Plc, Mokveld Valves BV, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Yokogawa Electric Corp. Also, the high-integrity pressure protection system (HIPPS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage 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 the accurate market growth.