Global High-Integrity Pressure Protection System Market Insights, Forecast to 2025

A high-integrity pressure protection system (HIPPS) is a type of safety instrumented system (SIS) designed to prevent over-pressurization of a plant, such as a chemical plant or oil refinery. The HIPPS will shut off the source of the high pressure before the design pressure of the system is exceeded, thus preventing loss of containment through rupture (explosion) of a line or vessel.
The valves segment is expected to hold a large share of the overall HIPPS market in 2017. Valves are used as final safety devices which control the pressure and discharge a certain amount of fluid by themselves without any electric power support. Valves actuate or stop the flow of hazardous fluids or external hydrocarbons (gases) on detection of a hazardous event. Extensive application of valves in the oil & gas and chemical industries is supporting the growth of this market. In mechanical HIPPS, the valves are cost-effective, and designed for in-line maintenance.
The oil & gas vertical dominated this market in 2017. The lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration.
The High-Integrity Pressure Protection System market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High-Integrity Pressure Protection System.

This report presents the worldwide High-Integrity Pressure Protection System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

The following manufacturers are covered in this report:
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

High-Integrity Pressure Protection System Breakdown Data by Type
By Component
Logic Solvers
Valves
Actuators
Field Initiators
By Service
Maintenance
Training & Certification
High-Integrity Pressure Protection System Breakdown Data by Application
Power Generation
Oil &  Gas
Chemicals
Food & Beverages 
Metals & Mining
Pharmaceutical

High-Integrity Pressure Protection System Production by Region
United States
Europe
China
Japan
Other Regions

High-Integrity Pressure Protection System Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global High-Integrity Pressure Protection System status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key High-Integrity Pressure Protection System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of High-Integrity Pressure Protection System :
History Year: 2014 – 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of High-Integrity Pressure Protection System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Study Coverage
1.1 High-Integrity Pressure Protection System Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global High-Integrity Pressure Protection System Market Size Growth Rate by Type
1.4.2 Logic Solvers
1.4.3 Valves
1.4.4 Actuators
1.4.5 Field Initiators
1.5 Market by Application
1.5.1 Global High-Integrity Pressure Protection System Market Size Growth Rate by Application
1.5.2 Power Generation
1.5.3 Oil &  Gas
1.5.4 Chemicals
1.5.5 Food & Beverages 
1.5.6 Metals & Mining
1.5.7 Pharmaceutical
1.6 Study Objectives
1.7 Years Considered

2 Executive Summary
2.1 Global High-Integrity Pressure Protection System Market Size
2.1.1 Global High-Integrity Pressure Protection System Revenue 2014-2025
2.1.2 Global High-Integrity Pressure Protection System Production 2014-2025
2.2 High-Integrity Pressure Protection System Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key High-Integrity Pressure Protection System Manufacturers
2.3.2.1 High-Integrity Pressure Protection System Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers High-Integrity Pressure Protection System Product Offered
2.3.2.3 Date of Manufacturers Enter into High-Integrity Pressure Protection System Market
2.4 Key Trends for High-Integrity Pressure Protection System Markets & Products

3 Market Size by Manufacturers
3.1 High-Integrity Pressure Protection System Production by Manufacturers
3.1.1 High-Integrity Pressure Protection System Production by Manufacturers
3.1.2 High-Integrity Pressure Protection System Production Market Share by Manufacturers
3.2 High-Integrity Pressure Protection System Revenue by Manufacturers
3.2.1 High-Integrity Pressure Protection System Revenue by Manufacturers (2014-2019)
3.2.2 High-Integrity Pressure Protection System Revenue Share by Manufacturers (2014-2019)
3.3 High-Integrity Pressure Protection System Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans

4 High-Integrity Pressure Protection System Production by Regions
4.1 Global High-Integrity Pressure Protection System Production by Regions
4.1.1 Global High-Integrity Pressure Protection System Production Market Share by Regions
4.1.2 Global High-Integrity Pressure Protection System Revenue Market Share by Regions
4.2 United States
4.2.1 United States High-Integrity Pressure Protection System Production
4.2.2 United States High-Integrity Pressure Protection System Revenue
4.2.3 Key Players in United States
4.2.4 United States High-Integrity Pressure Protection System Import & Export
4.3 Europe
4.3.1 Europe High-Integrity Pressure Protection System Production
4.3.2 Europe High-Integrity Pressure Protection System Revenue
4.3.3 Key Players in Europe
4.3.4 Europe High-Integrity Pressure Protection System Import & Export
4.4 China
4.4.1 China High-Integrity Pressure Protection System Production
4.4.2 China High-Integrity Pressure Protection System Revenue
4.4.3 Key Players in China
4.4.4 China High-Integrity Pressure Protection System Import & Export
4.5 Japan
4.5.1 Japan High-Integrity Pressure Protection System Production
4.5.2 Japan High-Integrity Pressure Protection System Revenue
4.5.3 Key Players in Japan
4.5.4 Japan High-Integrity Pressure Protection System Import & Export
4.6 Other Regions
4.6.1 South Korea
4.6.2 India
4.6.3 Southeast Asia

5 High-Integrity Pressure Protection System Consumption by Regions
5.1 Global High-Integrity Pressure Protection System Consumption by Regions
5.1.1 Global High-Integrity Pressure Protection System Consumption by Regions
5.1.2 Global High-Integrity Pressure Protection System Consumption Market Share by Regions
5.2 North America
5.2.1 North America High-Integrity Pressure Protection System Consumption by Application
5.2.2 North America High-Integrity Pressure Protection System Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe High-Integrity Pressure Protection System Consumption by Application
5.3.2 Europe High-Integrity Pressure Protection System Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific High-Integrity Pressure Protection System Consumption by Application
5.4.2 Asia Pacific High-Integrity Pressure Protection System Consumption by Countries
5.4.3 China
5.4.4 Japan
5.4.5 South Korea
5.4.6 India
5.4.7 Australia
5.4.8 Indonesia
5.4.9 Thailand
5.4.10 Malaysia
5.4.11 Philippines
5.4.12 Vietnam
5.5 Central & South America
5.5.1 Central & South America High-Integrity Pressure Protection System Consumption by Application
5.5.2 Central & South America High-Integrity Pressure Protection System Consumption by Country
5.5.3 Brazil
5.6 Middle East and Africa
5.6.1 Middle East and Africa High-Integrity Pressure Protection System Consumption by Application
5.6.2 Middle East and Africa High-Integrity Pressure Protection System Consumption by Countries
5.6.3 GCC Countries
5.6.4 Egypt
5.6.5 South Africa

6 Market Size by Type
6.1 Global High-Integrity Pressure Protection System Production by Type
6.2 Global High-Integrity Pressure Protection System Revenue by Type
6.3 High-Integrity Pressure Protection System Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global High-Integrity Pressure Protection System Breakdown Dada by Application
7.2.1 Global High-Integrity Pressure Protection System Consumption by Application
7.2.2 Global High-Integrity Pressure Protection System Consumption Market Share by Application (2014-2019)

8 Manufacturers Profiles
8.1 ABB
8.1.1 ABB Company Details
8.1.2 Company Overview
8.1.3 ABB High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.1.4 ABB High-Integrity Pressure Protection System Product Description
8.1.5 ABB Recent Development
8.2 Schneider Electric
8.2.1 Schneider Electric Company Details
8.2.2 Company Overview
8.2.3 Schneider Electric High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.2.4 Schneider Electric High-Integrity Pressure Protection System Product Description
8.2.5 Schneider Electric Recent Development
8.3 Rockwell Automation
8.3.1 Rockwell Automation Company Details
8.3.2 Company Overview
8.3.3 Rockwell Automation High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.3.4 Rockwell Automation High-Integrity Pressure Protection System Product Description
8.3.5 Rockwell Automation Recent Development
8.4 Yokogawa Electric
8.4.1 Yokogawa Electric Company Details
8.4.2 Company Overview
8.4.3 Yokogawa Electric High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.4.4 Yokogawa Electric High-Integrity Pressure Protection System Product Description
8.4.5 Yokogawa Electric Recent Development
8.5 Emerson Electric
8.5.1 Emerson Electric Company Details
8.5.2 Company Overview
8.5.3 Emerson Electric High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.5.4 Emerson Electric High-Integrity Pressure Protection System Product Description
8.5.5 Emerson Electric Recent Development
8.6 Esoterica Automation
8.6.1 Esoterica Automation Company Details
8.6.2 Company Overview
8.6.3 Esoterica Automation High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.6.4 Esoterica Automation High-Integrity Pressure Protection System Product Description
8.6.5 Esoterica Automation Recent Development
8.7 GE
8.7.1 GE Company Details
8.7.2 Company Overview
8.7.3 GE High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.7.4 GE High-Integrity Pressure Protection System Product Description
8.7.5 GE Recent Development
8.8 HIMA
8.8.1 HIMA Company Details
8.8.2 Company Overview
8.8.3 HIMA High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.8.4 HIMA High-Integrity Pressure Protection System Product Description
8.8.5 HIMA Recent Development
8.9 Honeywell Process Solutions
8.9.1 Honeywell Process Solutions Company Details
8.9.2 Company Overview
8.9.3 Honeywell Process Solutions High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.9.4 Honeywell Process Solutions High-Integrity Pressure Protection System Product Description
8.9.5 Honeywell Process Solutions Recent Development
8.10 Johnson Controls
8.10.1 Johnson Controls Company Details
8.10.2 Company Overview
8.10.3 Johnson Controls High-Integrity Pressure Protection System Production Revenue and Gross Margin (2014-2019)
8.10.4 Johnson Controls High-Integrity Pressure Protection System Product Description
8.10.5 Johnson Controls Recent Development
8.11 Mokveld
8.12 Norgren
8.13 OMRON
8.14 RTP
8.15 Siemens
8.16 Tyco International

9 Production Forecasts
9.1 High-Integrity Pressure Protection System Production and Revenue Forecast
9.1.1 Global High-Integrity Pressure Protection System Production Forecast 2019-2025
9.1.2 Global High-Integrity Pressure Protection System Revenue Forecast 2019-2025
9.2 High-Integrity Pressure Protection System Production and Revenue Forecast by Regions
9.2.1 Global High-Integrity Pressure Protection System Revenue Forecast by Regions
9.2.2 Global High-Integrity Pressure Protection System Production Forecast by Regions
9.3 High-Integrity Pressure Protection System Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global High-Integrity Pressure Protection System Production Forecast by Type
9.4.2 Global High-Integrity Pressure Protection System Revenue Forecast by Type

10 Consumption Forecast
10.1 High-Integrity Pressure Protection System Consumption Forecast by Application
10.2 High-Integrity Pressure Protection System Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America High-Integrity Pressure Protection System Consumption Forecast by Regions 2019-2025
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe High-Integrity Pressure Protection System Consumption Forecast by Regions 2019-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific High-Integrity Pressure Protection System Consumption Forecast by Regions 2019-2025
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America High-Integrity Pressure Protection System Consumption Forecast by Regions 2019-2025
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa High-Integrity Pressure Protection System Consumption Forecast by Regions 2019-2025
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 High-Integrity Pressure Protection System Sales Channels
11.2.2 High-Integrity Pressure Protection System Distributors
11.3 High-Integrity Pressure Protection System Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints

13 Key Findings in the Global High-Integrity Pressure Protection System Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

1.1 Methodology/Research Approach

Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, white papers, and paid databases.

1.1.1 Research Programs/Design

1.1.2 Market Size Estimation

Post the initial data mining stage, we gather our findings and analyse them, filtering out relevant insights. These are evaluated across teams and by our in-house SMEs. Along with data mining, we also initiate the primary research phase in which we interact with companies operating within the market space.

To evaluate the wholeness of the market, we interact (via email or telephone) with players who are responsible in adding value to the final product. Additionally, we interact with related industries to understand the external factors that can drive/hamper a market. We also make it a point to evaluate various economic parameters, which typically, have an impact on the purchasing choices of individuals as well as companies.

Post these stages, data are cross-verified with the companies that operate in a market space. It is important for us to study these companies in detail, to understand their existing performance and future strategies which will define the market in the coming years.

All this data is collected and evaluated by our analysts. Post the preparation of the report and data analysis, the findings are presented to our in-house experts who then eliminate discrepancies (if any).

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

1.2 Data Source

1.2.1 Secondary Sources

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to, for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

List of secondary sources include but are not limited to:

  • Academic Journals
  • Census.gov
  • Bloomberg
  • Company Annual Report
  • Hoovers

1.2.1.1 Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

1.2.2 Primary Sources

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

  • Market leading companies
  • Raw material suppliers
  • Product distributors
  • Buyers

The key objectives of primary research are as follows:

  • To validate our data in terms of accuracy and acceptability
  • To gain an insight in to the current market and future expectations

1.2.3 Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

  • Market drivers and restrains, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2026

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

1.2.4 Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides.

1.2.5 Report Objectives

  • To define, describe, and forecast the market by segmentations, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the sub-segments with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenues of the market segments with respect to the major regions, such as North America, Europe, Asia Pacific (APAC), and RoW
  • To profile the key players and comprehensively analyze their recent developments and positioning in the market
  • To analyze competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market
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Specs
Release date:September 26, 2019
Last updated:January 1, 1970
File Type:PDF
Category:Machinery & Equipment
Number Of Pages:100-150
Specs
Release date:September 26, 2019
Last updated:January 1, 1970
File Type:PDF
Category:Machinery & Equipment
Number Of Pages:100-150

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