The North America High-Integrity Pressure Protection System (HIPPS) Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
HIPPS also avoids overpressure in downstream vessels, which has been a key driver in the growing use and demand for high-integrity pressure protection systems throughout the world, assisting the worldwide market's growth. Considering all of these factors, the worldwide market's key limitation has been the enforcement of tight regulations for the deployment of high-integrity pressure protection systems. The surge in offshore and shale exploration activity is likely to enhance demand for HIPPS in the oil and gas sector.
A HIPPS monitors process parameters in real time, logically integrating observed data to decide if process intervention is necessary. The system must run at an extraordinarily high Safety Integrity Level or SIL in order for the HIPPS to act if - and only if - the connected system's safety is no longer assured.
A high-integrity pressure protection system keeps a system from exceeding its rated pressure. Before the total design pressure is surpassed, the HIPPS shuts down the system's source of high pressure. This aids in the avoidance of loss due to a line or vessel rupture, and is consequently employed in a variety of industrial verticals. Geographically, one of the key areas contributing to the worldwide growth of the high-integrity pressure protection system market is North America. The increased use of high-integrity pressure protection systems in the oil and gas industry, which is being concentrated on in North America, will be a significant driver for market expansion.
Aside from this, shale gas development in Mexico will be a key driver for the high-integrity pressure protection system market due to its extensive uses in the oil and gas industry.
The US market dominated the North America High-Integrity Pressure Protection System (HIPPS) Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $168.6 million by 2027. The Canada market is experiencing a CAGR of 7.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7% during (2021 - 2027).
Based on Offering, the market is segmented into Component and Services. Based on Component, the market is segmented into Final Element, Field Initiators, Logic Solver and Others. Based on Final Element Type, the market is segmented into Valves and Actuators. Based on Services, the market is segmented into Maintenance, Training & Consultation, and Testing, Inspection & Certification. Based on Type, the market is segmented into Electronic HIPPS and Mechanical HIPPS. Based on Industry, the market is segmented into Oil & Gas and Chemical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global High-Integrity Pressure Protection System (HIPPS) Market is Estimated to reach $636.7 Million by 2027, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HIMA Paul Hildebrandt GmbH, Emerson Electric Co., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Schlumberger N.V., Baker Hughes Company, ABB Group, Honeywell International, Inc., and Yokogawa Electric Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Component and
- Final Element
- Field Initiators
- Logic Solver and
- Others
- Services
By Final Element
By Services
- Maintenance
- Training & Consultation, and
- Testing, Inspection & Certification
By Type
- Electronic HIPPS
- Mechanical HIPPS
By Industry
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- HIMA Paul Hildebrandt GmbH
- Emerson Electric Co.
- Siemens AG
- Schneider Electric SE
- Rockwell Automation, Inc.
- Schlumberger N.V.
- Baker Hughes Company
- ABB Group
- Honeywell International, Inc.
- Yokogawa Electric Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America High-Integrity Pressure Protection System (HIPPS) Market, by Offering
1.4.2 North America High-Integrity Pressure Protection System (HIPPS) Market, by Final Element
1.4.3 North America High-Integrity Pressure Protection System (HIPPS) Market, by Services
1.4.4 North America High-Integrity Pressure Protection System (HIPPS) Market, by Type
1.4.5 North America High-Integrity Pressure Protection System (HIPPS) Market, by Industry
1.4.6 North America High-Integrity Pressure Protection System (HIPPS) Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
Chapter 4. North America High-Integrity Pressure Protection System (HIPPS) Market by Offering
4.1 North America Component Market by Country
4.2 North America Component Market by Type
4.2.1 North America Final Element Market by Country
4.2.2 North America Final Element Market by Type
4.2.2.1 North America Valves Market by Country
4.2.2.2 North America Actuators Market by Country
4.2.3 North America Field Initiators Market by Country
4.2.4 North America Logic Solver Market by Country
4.2.5 North America Other Component Type Market by Country
4.3 North America Services Market by Country
4.4 North America Services Market by Type
4.4.1 North America Maintenance Market by Country
4.4.2 North America Training & Consultation Market by Country
4.4.3 North America Testing, Inspection & Certification Market by Country
Chapter 5. North America High-Integrity Pressure Protection System (HIPPS) Market by Type
5.1 North America Electronic HIPPS Market by Country
5.2 North America Mechanical HIPPS Market by Country
Chapter 6. North America High-Integrity Pressure Protection System (HIPPS) Market by Industry
6.1 North America Oil & Gas Market by Country
6.2 North America Chemical Market by Country
Chapter 7. North America High-Integrity Pressure Protection System (HIPPS) Market by Country
7.1 US High-Integrity Pressure Protection System (HIPPS) Market
7.1.1 US High-Integrity Pressure Protection System (HIPPS) Market by Offering
7.1.1.1 US Component Market by Type
7.1.1.1.1 US Final Element Market by Type
7.1.1.2 US Services Market by Type
7.1.2 US High-Integrity Pressure Protection System (HIPPS) Market by Type
7.1.3 US High-Integrity Pressure Protection System (HIPPS) Market by Industry
7.2 Canada High-Integrity Pressure Protection System (HIPPS) Market
7.2.1 Canada High-Integrity Pressure Protection System (HIPPS) Market by Offering
7.2.1.1 Canada Component Market by Type
7.2.1.1.1 Canada Final Element Market by Type
7.2.1.2 Canada Services Market by Type
7.2.2 Canada High-Integrity Pressure Protection System (HIPPS) Market by Type
7.2.3 Canada High-Integrity Pressure Protection System (HIPPS) Market by Industry
7.3 Mexico High-Integrity Pressure Protection System (HIPPS) Market
7.3.1 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Offering
7.3.1.1 Mexico Component Market by Type
7.3.1.1.1 Mexico Final Element Market by Type
7.3.1.2 Mexico Services Market by Type
7.3.2 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Type
7.3.3 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Industry
7.4 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market
7.4.1 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Offering
7.4.1.1 Rest of North America Component Market by Type
7.4.1.1.1 Rest of North America Final Element Market by Type
7.4.1.2 Rest of North America Services Market by Type
7.4.2 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Type
7.4.3 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Industry
Chapter 8. Company Profiles
8.1 HIMA Paul Hildebrandt GmbH
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 Schneider Electric SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental And Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Rockwell Automation, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Schlumberger N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Baker Hughes Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.8 ABB Group
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.9 Honeywell International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Yokogawa Electric Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Acquisition and Mergers:
TABLE 1 North America High-Integrity Pressure Protection System (HIPPS) Market, 2017 - 2020, USD Thousands
TABLE 2 North America High-Integrity Pressure Protection System (HIPPS) Market, 2021 - 2027, USD Thousands
TABLE 3 Partnerships, Collaborations and Agreements– High-Integrity Pressure Protection System (HIPPS) Market
TABLE 4 Product Launches And Product Expansions– High-Integrity Pressure Protection System (HIPPS) Market
TABLE 5 Acquisition and Mergers– High-Integrity Pressure Protection System (HIPPS) Market
TABLE 6 North America High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2017 - 2020, USD Thousands
TABLE 7 North America High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2021 - 2027, USD Thousands
TABLE 8 North America Component Market by Country, 2017 - 2020, USD Thousands
TABLE 9 North America Component Market by Country, 2021 - 2027, USD Thousands
TABLE 10 North America Component Market by Type, 2017 - 2020, USD Thousands
TABLE 11 North America Component Market by Type, 2021 - 2027, USD Thousands
TABLE 12 North America Final Element Market by Country, 2017 - 2020, USD Thousands
TABLE 13 North America Final Element Market by Country, 2021 - 2027, USD Thousands
TABLE 14 North America Final Element Market by Type, 2017 - 2020, USD Thousands
TABLE 15 North America Final Element Market by Type, 2021 - 2027, USD Thousands
TABLE 16 North America Valves Market by Country, 2017 - 2020, USD Thousands
TABLE 17 North America Valves Market by Country, 2021 - 2027, USD Thousands
TABLE 18 North America Actuators Market by Country, 2017 - 2020, USD Thousands
TABLE 19 North America Actuators Market by Country, 2021 - 2027, USD Thousands
TABLE 20 North America Field Initiators Market by Country, 2017 - 2020, USD Thousands
TABLE 21 North America Field Initiators Market by Country, 2021 - 2027, USD Thousands
TABLE 22 North America Logic Solver Market by Country, 2017 - 2020, USD Thousands
TABLE 23 North America Logic Solver Market by Country, 2021 - 2027, USD Thousands
TABLE 24 North America Other Component Type Market by Country, 2017 - 2020, USD Thousands
TABLE 25 North America Other Component Type Market by Country, 2021 - 2027, USD Thousands
TABLE 26 North America Services Market by Country, 2017 - 2020, USD Thousands
TABLE 27 North America Services Market by Country, 2021 - 2027, USD Thousands
TABLE 28 North America Services Market by Type, 2017 - 2020, USD Thousands
TABLE 29 North America Services Market by Type, 2021 - 2027, USD Thousands
TABLE 30 North America Maintenance Market by Country, 2017 - 2020, USD Thousands
TABLE 31 North America Maintenance Market by Country, 2021 - 2027, USD Thousands
TABLE 32 North America Training & Consultation Market by Country, 2017 - 2020, USD Thousands
TABLE 33 North America Training & Consultation Market by Country, 2021 - 2027, USD Thousands
TABLE 34 North America Testing, Inspection & Certification Market by Country, 2017 - 2020, USD Thousands
TABLE 35 North America Testing, Inspection & Certification Market by Country, 2021 - 2027, USD Thousands
TABLE 36 North America High-Integrity Pressure Protection System (HIPPS) Market by Type, 2017 - 2020, USD Thousands
TABLE 37 North America High-Integrity Pressure Protection System (HIPPS) Market by Type, 2021 - 2027, USD Thousands
TABLE 38 North America Electronic HIPPS Market by Country, 2017 - 2020, USD Thousands
TABLE 39 North America Electronic HIPPS Market by Country, 2021 - 2027, USD Thousands
TABLE 40 North America Mechanical HIPPS Market by Country, 2017 - 2020, USD Thousands
TABLE 41 North America Mechanical HIPPS Market by Country, 2021 - 2027, USD Thousands
TABLE 42 North America High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2017 - 2020, USD Thousands
TABLE 43 North America High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2021 - 2027, USD Thousands
TABLE 44 North America Oil & Gas Market by Country, 2017 - 2020, USD Thousands
TABLE 45 North America Oil & Gas Market by Country, 2021 - 2027, USD Thousands
TABLE 46 North America Chemical Market by Country, 2017 - 2020, USD Thousands
TABLE 47 North America Chemical Market by Country, 2021 - 2027, USD Thousands
TABLE 48 North America High-Integrity Pressure Protection System (HIPPS) Market by Country, 2017 - 2020, USD Thousands
TABLE 49 North America High-Integrity Pressure Protection System (HIPPS) Market by Country, 2021 - 2027, USD Thousands
TABLE 50 US High-Integrity Pressure Protection System (HIPPS) Market, 2017 - 2020, USD Thousands
TABLE 51 US High-Integrity Pressure Protection System (HIPPS) Market, 2021 - 2027, USD Thousands
TABLE 52 US High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2017 - 2020, USD Thousands
TABLE 53 US High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2021 - 2027, USD Thousands
TABLE 54 US Component Market by Type, 2017 - 2020, USD Thousands
TABLE 55 US Component Market by Type, 2021 - 2027, USD Thousands
TABLE 56 US Final Element Market by Type, 2017 - 2020, USD Thousands
TABLE 57 US Final Element Market by Type, 2021 - 2027, USD Thousands
TABLE 58 US Services Market by Type, 2017 - 2020, USD Thousands
TABLE 59 US Services Market by Type, 2021 - 2027, USD Thousands
TABLE 60 US High-Integrity Pressure Protection System (HIPPS) Market by Type, 2017 - 2020, USD Thousands
TABLE 61 US High-Integrity Pressure Protection System (HIPPS) Market by Type, 2021 - 2027, USD Thousands
TABLE 62 US High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2017 - 2020, USD Thousands
TABLE 63 US High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2021 - 2027, USD Thousands
TABLE 64 Canada High-Integrity Pressure Protection System (HIPPS) Market, 2017 - 2020, USD Thousands
TABLE 65 Canada High-Integrity Pressure Protection System (HIPPS) Market, 2021 - 2027, USD Thousands
TABLE 66 Canada High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2017 - 2020, USD Thousands
TABLE 67 Canada High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2021 - 2027, USD Thousands
TABLE 68 Canada Component Market by Type, 2017 - 2020, USD Thousands
TABLE 69 Canada Component Market by Type, 2021 - 2027, USD Thousands
TABLE 70 Canada Final Element Market by Type, 2017 - 2020, USD Thousands
TABLE 71 Canada Final Element Market by Type, 2021 - 2027, USD Thousands
TABLE 72 Canada Services Market by Type, 2017 - 2020, USD Thousands
TABLE 73 Canada Services Market by Type, 2021 - 2027, USD Thousands
TABLE 74 Canada High-Integrity Pressure Protection System (HIPPS) Market by Type, 2017 - 2020, USD Thousands
TABLE 75 Canada High-Integrity Pressure Protection System (HIPPS) Market by Type, 2021 - 2027, USD Thousands
TABLE 76 Canada High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2017 - 2020, USD Thousands
TABLE 77 Canada High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2021 - 2027, USD Thousands
TABLE 78 Mexico High-Integrity Pressure Protection System (HIPPS) Market, 2017 - 2020, USD Thousands
TABLE 79 Mexico High-Integrity Pressure Protection System (HIPPS) Market, 2021 - 2027, USD Thousands
TABLE 80 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2017 - 2020, USD Thousands
TABLE 81 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2021 - 2027, USD Thousands
TABLE 82 Mexico Component Market by Type, 2017 - 2020, USD Thousands
TABLE 83 Mexico Component Market by Type, 2021 - 2027, USD Thousands
TABLE 84 Mexico Final Element Market by Type, 2017 - 2020, USD Thousands
TABLE 85 Mexico Final Element Market by Type, 2021 - 2027, USD Thousands
TABLE 86 Mexico Services Market by Type, 2017 - 2020, USD Thousands
TABLE 87 Mexico Services Market by Type, 2021 - 2027, USD Thousands
TABLE 88 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Type, 2017 - 2020, USD Thousands
TABLE 89 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Type, 2021 - 2027, USD Thousands
TABLE 90 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2017 - 2020, USD Thousands
TABLE 91 Mexico High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2021 - 2027, USD Thousands
TABLE 92 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market, 2017 - 2020, USD Thousands
TABLE 93 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market, 2021 - 2027, USD Thousands
TABLE 94 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2017 - 2020, USD Thousands
TABLE 95 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Offering, 2021 - 2027, USD Thousands
TABLE 96 Rest of North America Component Market by Type, 2017 - 2020, USD Thousands
TABLE 97 Rest of North America Component Market by Type, 2021 - 2027, USD Thousands
TABLE 98 Rest of North America Final Element Market by Type, 2017 - 2020, USD Thousands
TABLE 99 Rest of North America Final Element Market by Type, 2021 - 2027, USD Thousands
TABLE 100 Rest of North America Services Market by Type, 2017 - 2020, USD Thousands
TABLE 101 Rest of North America Services Market by Type, 2021 - 2027, USD Thousands
TABLE 102 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Type, 2017 - 2020, USD Thousands
TABLE 103 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Type, 2021 - 2027, USD Thousands
TABLE 104 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2017 - 2020, USD Thousands
TABLE 105 Rest of North America High-Integrity Pressure Protection System (HIPPS) Market by Industry, 2021 - 2027, USD Thousands
TABLE 106 Key information – HIMA Paul Hildebrandt GmbH
TABLE 107 Key Information – Emerson Electric Co.
TABLE 108 Key Information – Siemens AG
TABLE 109 Key information – Schneider Electric SE
TABLE 110 Key information – Rockwell Automation, Inc.
TABLE 111 key information – Schlumberger N.V.
TABLE 112 Key Information – Baker Hughes Company
TABLE 113 Key Information – ABB Group
TABLE 114 Key information – Honeywell International, Inc.
TABLE 115 Key Information – Yokogawa Electric Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)