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High-Integrity Pressure Protection System - Global Market Trajectory & Analytics

  • ID: 4805556
  • Report
  • April 2021
  • Region: Global
  • 283 pages
  • Global Industry Analysts, Inc
Global High-Integrity Pressure Protection System Market to Reach $664.8 Million by 2027

Amid the COVID-19 crisis, the global market for High-Integrity Pressure Protection System estimated at US$401.6 Million in the year 2020, is projected to reach a revised size of US$664.8 Million by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Field Initiators, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$142.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Valves segment is readjusted to a revised 7.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $108.5 Million, While China is Forecast to Grow at 11.3% CAGR

The High-Integrity Pressure Protection System market in the U.S. is estimated at US$108.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$149.4 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Actuators Segment to Record 7.7% CAGR

In the global Actuators segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.4 Million in the year 2020 will reach a projected size of US$102.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$91.3 Million by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • ABB Ltd.
  • BEL Valves Limited
  • Emerson Electric Company
  • General Electric Company
  • HIMA Paul Hildebrandt GmbH
  • MOGAS Industries, Inc.
  • Paladon Systems Ltd.
  • Rockwell Automation, Inc.
  • Schlumberger Ltd.
  • Schneider Electric SA
  • Siemens AG
  • Velan ABV Srl
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown