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High-Integrity Pressure Protection System Market by Components (Field Initiators, Logic Solvers, Valves, Actuators), Service (Maintenance and Training & Certification), Vertical (Oil & Gas, Power Generation, Chemical) - Global Forecast to 2022

High-Integrity Pressure Protection System Market by Components (Field Initiators, Logic Solvers, Valves, Actuators), Service (Maintenance and Training & Certification), Vertical (Oil & Gas, Power Generation, Chemical) - Global Forecast to 2022

Valves segment of the HIPPS market to exhibit significant growth potential between 2016 and 2022”
The High-Integrity Pressure Protection System (HIPPS) market is expected to grow at a CAGR of 8.7% between 2016 and 2022 to reach USD 526.2 million by 2022. The key driving factors for the growth of this market are growing demand for safety systems in the oil & gas industry, and the need of reliable safety systems for personnel & asset protection. Valves are used as final safety devices which control the pressure and discharge a certain amount of fluid by themselves without any electric power. However, high acquisition cost of HIPPS and lack of awareness and complexity of standards are the major factors restraining the growth of this market.

“Market for training & certification service expected to grow at the highest rate during forecast period”
The HIPPS training & certification service market is expected to grow at the highest CAGR between 2016 and 2022. Appropriate training enables HIPPS supervisors to detect flaws with a high degree of accuracy and reliability without causing damage to structures or components. Technicians must be trained to recognize all failure types such as interfacing systems and associated failures must be assessed in detail.

“Oil & gas to account for the largest market share in the overall HIPPS market”
The oil & gas vertical is expected to account for the largest market share of the global HIPPS market in 2016. Safety is the most critical concern in the oil & gas industry, and a lack of proper safety systems in this industry could lead to production losses, and affect components and systems, and pose a hazard during system restoration. Moreover, the requirement for HIPPS in the oil & gas industry is expected to increase with the rise in offshore and shale-related exploration activities.

“APAC to be the fastest-growing market for HIPPS during the forecast period”
The market for HIPPS in the APAC region is expected to grow at the highest CAGR between 2016 and 2022. With growing industrialization, increasing emphasis on safety by the organizations, and influence of multinational companies in adoption of safety systems are driving the demand for HIPPS in the APAC region.

Break-up of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C–Level Executives – 65%, Directors– 35%
By Region: North America - 20%, Europe – 35%, APAC – 35%, and RoW – 10%
The key players in the market include Rockwell Automation (U.S.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Yokogawa Electric Corporation (Japan), and Schlumberger Limited (U.S.). ABB Ltd. (Switzerland), General Electric Company (U.S.), HIMA Paul Hildebrandt GmbH (Germany), Siemens AG (Germany), Mogas Industries Inc. (U.S.), Velan ABV S.p.A. (Italy), and Paladon Systems Ltd. (U.K.)).

Research Coverage:
The research report on the global HIPPS market covers different segments, namely, component, service, vertical, and geography. The market has been segmented on the basis of component into field initiators, logic solvers, valves, actuators, and so on. On the basis of service, the HIPPS market has been classified into maintenance and training & certification. Further, the HIPPS market has been segmented on the basis of vertical into chemicals, food & beverages, power generation, metals & mining, oil & gas, pharmaceutical, and pulp & paper. The report covers four major geographical regions; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on component, service, vertical, and geography have been conducted to give an overall view of the HIPPS market.
The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the HIPPS market.
The major drivers, restraints, opportunities, and challenges for the HIPPS market have been detailed in this report.
The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, 2013-2022 (USD MILLION)
  • PREMIUM INSIGHTS
    • LUCRATIVE OPPORTUNITIES IN THE HIPPS MARKET
    • HIPPS MARKET, BY COMPONENT
    • MARKET SHARE OF MAJOR COUNTRIES, 2015
    • HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET
    • HIPPS MARKET, BY SERVICE
    • HIPPS MARKET, BY VERTICAL
    • HIPPS MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • HIPPS MARKET, BY COMPONENT
      • HIPPS MARKET, BY SERVICE
      • HIPPS MARKET, BY VERTICAL
      • HIPPS MARKET, BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • HIPPS SAFETY STANDARDS
    • INTRODUCTION
    • SAFETY INTEGRITY LEVEL (SIL)
      • Table SIL AND RELATED MEASURES
    • IEC 61508 AND IEC 61511 STANDARDS
      • IEC 61508
      • IEC 61511
        • Table DIFFERENCE BETWEEN IEC 61508 AND IEC 61511
  • HIPPS MARKET, BY SERVICE
    • INTRODUCTION
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY SERVICE, 2013-2022 (USD MILLION)
    • MAINTENANCE
    • TRAINING & CERTIFICATION
  • HIPPS MARKET, BY COMPONENT
    • INTRODUCTION
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY COMPONENT, 2013-2022 (USD MILLION)
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY COMPONENT, 2013-2022 (THOUSAND UNITS)
    • LOGIC SOLVERS
      • Table LOGIC SOLVER MARKET FOR POWER GENERATION, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR OIL & GAS, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR CHEMICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR METAL & MINING, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR PAPER & PULP, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR PHARMACEUTICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR FOOD & BEVERAGE, BY REGION, 2013-2022 (USD MILLION)
      • Table LOGIC SOLVER MARKET FOR OTHERS, BY REGION, 2013-2022 (USD MILLION)
    • VALVES
      • Table VALVES MARKET FOR POWER GENERATION, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR OIL & GAS, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR CHEMICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR METAL & MINING, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR PAPER & PULP, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR PHARMACEUTICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR FOOD & BEVERAGE, BY REGION, 2013-2022 (USD MILLION)
      • Table VALVES MARKET FOR OTHERS, BY REGION, 2013-2022 (USD MILLION)
    • ACTUATORS
      • Table ACTUATORS MARKET FOR POWER GENERATION, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR OIL & GAS, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR CHEMICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR METAL & MINING, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR PAPER & PULP, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR PHARMACEUTICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR FOOD & BEVERAGE MANUFACTURING, BY REGION, 2013-2022 (USD MILLION)
      • Table ACTUATORS MARKET FOR OTHERS, BY REGION, 2013-2022 (USD MILLION)
    • FIELD INITIATORS
      • Table FIELD INITIATORS MARKET FOR POWER GENERATION, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR OIL & GAS, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR CHEMICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR METAL & MINING, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR PAPER & PULP, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR PHARMACEUTICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR FOOD & BEVERAGE MANUFACTURING, BY REGION, 2013-2022 (USD MILLION)
      • Table FIELD INITIATORS MARKET FOR OTHERS, BY REGION, 2013-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS MARKET FOR POWER GENERATION, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR OIL & GAS, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR CHEMICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR METAL & MINING, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR PAPER & PULP, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR PHARMACEUTICAL, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHERS MARKET FOR FOOD & BEVERAGE, BY REGION, 2013-2022 (USD MILLION)
      • Table OTHER COMPONENTS MARKET FOR OTHER VERTICALS, BY REGION, 2013-2022 (USD MILLION)
  • HIPPS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY VERTICAL, 2013-2022 (USD MILLION)
    • POWER GENERATION
      • Table HIPPS MARKET SIZE FOR POWER GENERATION,, BY COMPONENT, 2013-2022 (USD MILLION)
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY POWER GENERATION TYPE, 2013-2022 (USD MILLION)
      • FOSSIL FUEL
      • NUCLEAR
      • RENEWABLE
    • OIL & GAS
      • Table HIPPS MARKET SIZE FOR OIL & GAS, BY COMPONENT, 2013-2022 (USD MILLION)
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY OIL & GAS TYPE, 2013-2022 (USD MILLION)
      • UPSTREAM
      • MIDSTREAM
      • DOWNSTREAM
    • CHEMICAL
      • Table HIPPS MARKET SIZE FOR CHEMICAL BY COMPONENT, 2013-2022 (USD MILLION)
    • METAL & MINING
      • Table HIPPS MARKET SIZE FOR METAL & MINING, BY COMPONENT, 2013-2022 (USD MILLION)
    • PAPER & PULP
      • Table HIPPS MARKET SIZE FOR PAPER & PULP, BY COMPONENT, 2013-2022 (USD MILLION)
    • PHARMACEUTICAL
      • Table HIPPS MARKET SIZE FOR PHARMACEUTICAL, BY COMPONENT, 2013-2022 (USD MILLION)
    • FOOD & BEVERAGE
      • Table HIPPS MARKET SIZE FOR FOOD & BEVERAGE, BY COMPONENT, 2013-2022 (USD MILLION)
    • OTHERS
      • Table HIPPS MARKET SIZE FOR OTHERS, BY COMPONENT, 2013-2022 (USD MILLION)
  • HIPPS MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET SIZE, BY REGION, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA HIPPS MARKET, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table NORTH AMERICA HIPPS MARKET, BY VERTICAL, 2013-2022 (USD MILLION)
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • Table EUROPE HIPPS MARKET, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table EUROPE HIPPS MARKET, BY VERTICAL, 2013-2022 (USD MILLION)
      • GERMANY
      • U.K.
      • FRANCE
      • ITALY
      • ROE
    • ASIA-PACIFIC
      • Table APAC HIPPS MARKET, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table APAC HIPPS MARKET, BY VERTICAL, 2013-2022 (USD MILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • ROAPAC
    • REST OF THE WORLD
      • Table ROW HIPPS MARKET, BY REGION, 2013-2022 (USD MILLION)
      • Table ROW HIPPS MARKET, BY VERTICAL, 2013-2022 (USD MILLION)
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: HIPPS MARKET
      • Table RANKING OF THE TOP 5 PLAYERS IN THE HIPPS MARKET, 2015
    • COMPETITIVE SITUATIONS AND TRENDS FOR HIPPS MARKET
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014-2016
      • CONTRACTS, PARTNERSHIPS, AND AGREEMENTS
        • Table CONTRACTS, PARTNERSHIPS, AND AGREEMENTS, 2014-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2013-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ROCKWELL AUTOMATION, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER ELECTRIC SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHLUMBERGER LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • YOKOGAWA ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BEL VALVES LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • HIMA PAUL HILDEBRANDT GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MOGAS INDUSTRIES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • VELAN ABV S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • PALADON SYSTEMS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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