Global High-Integrity Pressure Protection System Market 2017-2021

  • ID: 4070522
  • Report
  • Region: Global
  • 71 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Esoterica Automation
  • HIMA
  • Mokveld
  • OMRON
  • RTP
  • MORE
HIPPS is a type of safety instrumented system (SIS) that is used to safeguard a process to prevent a catastrophic release of flammable, toxic or explosive chemicals. Traditionally, in industrial plants, flare or relief systems are used for burning off flammables gases that are released through pressure relief valves during unplanned over-pressurization of plant equipment.

The analysts forecast the global high-integrity pressure protection system market to grow at a CAGR of 7.4% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global high-integrity pressure protection system market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales and the aftermarket services of HIPPS in the oil and gas, chemicals and petrochemicals, pharmaceuticals, power, metal and mining, and foods and beverages industries.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global High-Integrity Pressure Protection System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- Schneider Electric
- Rockwell Automation
- Yokogawa Electric

Other prominent vendors
- Emerson Electric
- Esoterica Automation
- GE
- HIMA
- Honeywell Process Solutions
- Johnson Controls
- Mokveld
- Norgren
- OMRON
- RTP
- Siemens
- Tyco International

Market drivers
- Rise in midstream infrastructure
- For a full, detailed list, view the full report

Market challenges
- Capital expenditure cuts by major oil and gas industry
- For a full, detailed list, view the full report

Market trends
- Introduction of safety PLC
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Esoterica Automation
  • HIMA
  • Mokveld
  • OMRON
  • RTP
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Key vendors in the market
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Global market size and forecast
  • Five forces analysis
Part 06: Market segmentation by end-users
  • Global HIPPS market in oil and gas industry
  • Global HIPPS market in chemicals and petrochemicals industry
  • Global HIPPS market in pharmaceutical industry
  • Global HIPPS market in other industries
  • Key takeaways
Part 07: Geographical segmentation
  • HIPPS market in EMEA
  • HIPPS market in Americas
  • Global HIPPS market in APAC
  • Key takeaways
Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape
  • Value chain analysis
  • Competition overview
  • Competition analysis
Part 14: Appendix
  • List of abbreviations
Part 15: About the Author

List of Exhibits

Exhibit 01: HIPPS logic flow
Exhibit 02: Cost breakdown structure for HIPPS
Exhibit 03: Average probability of failure on demand and risk reduction factor documented in IEC 61508
Exhibit 04: Market segmentation: Based on end-users and geography
Exhibit 05: Key geographies covered
Exhibit 06: Key vendors in the market
Exhibit 07: Product offerings
Exhibit 08: HIPPS solutions by industry
Exhibit 09: SIL preference by end-user segment
Exhibit 10: Global HIPPS market 2016-2021 ($ millions)
Exhibit 11: Five forces analysis
Exhibit 12: Global HIPPS market: End-user segmentation 2016 and 2021
Exhibit 13: Global HIPPS market in oil and gas industry 2016-2021 ($ millions)
Exhibit 14: Global HIPPS market in chemicals and petrochemicals industry 2016-2021 ($ millions)
Exhibit 15: Global HIPPS market in pharmaceutical industry 2016-2021 ($ millions)
Exhibit 16: Global HIPPS market in other industries 2016-2021 ($ millions)
Exhibit 17: Global HIPPS market: Geographic segmentation 2016 and 2021
Exhibit 18: HIPPS market in EMEA 2016-2021 ($ millions)
Exhibit 19: Key natural gas pipeline projects in North America
Exhibit 20: HIPPS market in Americas 2016-2021 ($ millions)
Exhibit 21: HIPPS market in APAC 2016-2021 ($ millions)
Exhibit 22: Global pipelines 2015 and 2025 (miles)
Exhibit 23: Functionality and drawbacks of traditional safety systems
Exhibit 24: Impact of drivers
Exhibit 25: Oil prices impact on capital investments
Exhibit 26: Oil bankruptcies in the year 2015-16
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Advantages and challenges of standard PLCs
Exhibit 29: MAC workflow for HIPPS procurement
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FEATURED COMPANIES

  • ABB
  • Esoterica Automation
  • HIMA
  • Mokveld
  • OMRON
  • RTP
  • MORE
New Report Released: - Global High-Integrity Pressure Protection System Market 2017-2021

The author of the report recognizes the following companies as the key players in the global high-integrity pressure protection system market: ABB, Schneider Electric, Rockwell Automation, and Yokogawa Electric.

Other Prominent Vendors in the market are: Emerson Electric, Esoterica Automation, GE, HIMA, Honeywell Process Solutions, Johnson Controls, Mokveld, Norgren, OMRON, RTP, Siemens, and Tyco International.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is introduction of safety PLC. Safety PLCs have increasingly become popular as logic solvers in the past 10 years. This is due to their ability to provide shared logic solver duties for many safety functions within one HIPPS. They perform simple logic combined with efficient operator interfacing and secure management of the program logic.”

According to the report, one of the major drivers for this market is rise in midstream infrastructure. In the midstream sector, production flowlines from the wellhead to the offshore storage facilities and to the end-users' processing plants are usually built to withstand high wellhead shut-in pressures, even if the pressure in the flowline is much lower under normal operating conditions. Building this pressure buffer into the system can be costly and may endanger economic feasibility. HIPPS circumvents this problem by downrating the pipeline pressure.

Further, the report states that one of the major factors hindering the growth of this market is capital expenditure cuts by major oil and gas industry. The oil and gas industry is one of the major end-users of HIPPS and other safety systems products. Both international and regional oil companies are negotiating aggressively to draw discounts from automation service providers. While companies are trying their best to deal with the market downturn by reducing capital expenditure, factors such as exiting equity capital, expected crew change, and stringent environmental concerns continue to add pressure on enterprise operations.

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 a SWOT analysis of the key vendors.
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  • 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
Note: Product cover images may vary from those shown
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