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The High Integrity Pressure Protection System (HIPPS) market is experiencing significant trends driven by the increasing focus on safety in process industries, stringent regulatory requirements, and the rising demand for reliable overpressure protection solutions. HIPPS, a safety instrumented system, protects the industrial processes from overpressures and safeguards the functionality of equipment as well as personnel and their surrounding environment. This emerging trend in this market is the increased prevalence of HIPPS implementation in the oil and gas operations. Due to the development of offshore and deepwater upstream as well as downstream operations, effective overpressure protection has become very critical. HIPPS facilitates an efficient approach to preventing the catastrophic events associated with high-pressure systems among the operators in the oil and gas industry.
The other prominent development is the intergration of HIPPS with process control and automations. As industries strive for more efficiency and smooth functioning, the integration of HIPPS with a wider real time control infrastructure allows rapid monitoring and response. This tendency coincides with the emerging dynamic of safety and process optimization, where HIPPS takes the center stage in preserving safe-operating conditions alongside operational continuity.
There is a spike in the demand for SIL-rated (Safety Integrity Level) HIPPS solutions on the market. The SIL metrics are the standardized indicators measuring reliability and efficacy of safety systems – the higher values on these scales mean that alot more risk is reduced. Industries, especially hazardous industries such as those related to chemicals or the refining processes are implementing HIPPS with higher SIL levels in order to make their processing safer and more reliable. This trend demonstrates the desire to ensure and sustain such high safety standards that are embedded in the process industries.
Besides, the market is also catering to the emerging sectors like renewable energy and pharmaceuticals that require HIPPS. With the development of renewable energy projects such as solar and geothermal, and increasing sophistication in pharmaceutical manufacturing processes, accurate overpressure protection is now indispensable. HIPPS is a very stable solution in all of these applications, thus ensuring the safety and also sustainability of such industries.
The market observes the trend of development to more sophisticated diagnostics and also monitoring in HIPPS. In HIPPS systems, the manufacturers are implementing various technologies such as real-time condition monitoring and also predictive maintenance along with remote diagnostics. This trend is in line with the wider Industry 4.0 philosophy, where connectivity and data-based insights are at the core of the optimizing industrial operations.
In addition, the use of smart and self-diagnosing HIPPS solutions is shifting towards the market. Effective smart HIPPS utilizes sensors and intelligent algorithm that enable the continuous monitoring of protection system health and performance. In the event of any anomalies or potential failures, these systems can autonomously initiate corrective actions or provide alerts for maintenance. This trend reflects the industry's commitment to leveraging technology for proactive safety measures and minimizing the reliance on reactive responses.
High Integrity Pressure Protection System HIPPS Market Highlights:
Global High Integrity Pressure Protection System (HIPPS) Market Overview:
High Integrity Pressure Protection System (HIPPS) Market Size was valued at USD 0.53 Billion in 2023. The High Integrity Pressure Protection System (HIPPS) Market industry is projected to grow from USD 0.5697 Billion in 2024 to USD 0.95 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2024 - 2032).
The growing need to reduce gas flaring and venting in order to safeguard the environment, as well as investments in emerging economies are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
High Integrity Pressure Protection System (HIPPS) Market Trends
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Growing amount of midstream infrastructure is propelling market growth.
One of the primary factors driving the worldwide high-integrity pressure protection system (HIPPS) market CAGR is the increase in midstream infrastructure. Production flowlines from the wellhead to offshore storage facilities and end-user processing units in the midstream sector are often engineered to resist high wellhead shut-in pressures, even if the pressure in the flowline is substantially lower during normal operating conditions. Adding this pressure buffer to the system can be costly and may jeopardize its economic viability. HIPPS avoids this issue by lowering pipeline pressure.
When a predefined level is surpassed, it immediately closes the pipeline. This is accomplished by using a choke system to monitor a continuous pressure drop and valves that close if the pressure rises. HIPPS has control systems and valves that detect a wide range of safety circumstances. We remark that using HIPPS can save producers up to 30% of capital expenses in a midstream project. We believe that continuous investments in midstream infrastructure will drive up market demand for HIPPS in the oil and gas industry.
The development of a safety Programmable Logic Controller (PLC) will drive the growth of the worldwide high-integrity pressure protection system (HIPPS) market. The IEC standards state unequivocally that logic solvers include knowledge on procedures and techniques to prevent systematic defects from being introduced in the safety system's hardware and software. In SIL 2 and SIL 3 applications, IEC 61511 allow for the use of a safety configured PLC.
The requirements for a safety designed PLC go beyond the limits of a typical PLC. These requirements may be incompatible with ordinary industrial-grade PLCs. A safety PLC's software is also designed to include a variety of fault detection and monitoring mechanisms to verify that the safety modules are functioning properly.
However, the expense of implementing safety PLCs is a drawback, and this has created a barrier for small plant applications. This is being addressed progressively, and smaller, less expensive safety PLC controllers are now available. Nonetheless, it is normal practice in some factories to employ a regular industrial grade PLC for some trip system operations. As a result, an increase in demand for safety PLCs may have a favourable impact on the sales of HIPPS to protect processes in end-user sectors.
Gas flaring is typically performed during scheduled maintenance, equipment repair, or shutdown activities. It allows regulated pressure release from gas collection and processing systems with minimal environmental impact. This is utilized to maintain pressure and ensure safe and efficient plant operations. This raises the costs associated with the emissions of these dangerous gases as a result of process industry emissions control.
When earthen material is used in the gas venting procedure using MCD, no earthen material is discarded. The equipment is repurposed for a new treatment technique. Again, this creates a healthier atmosphere for both humans and the environment. Oil and gas companies are minimizing their emissions by using FLNG containers and changing the way natural gas is compressed.
High Integrity Pressure Protection System Market Segment Insights:
High Integrity Pressure Protection System Type Insights
The High Integrity Pressure Protection System (HIPPS) Market segmentation, based on type includes Components, Services. Components accounted for the majority of the HIPPS market in 2022, and this trend is expected to continue in the coming years due to its increasing adoption in process industries. The HIPPS solution is comprised of pressure sensors/transmitters, logic solvers, valves, actuators, and other components such as solenoids, control panels and software, alarms, valve positioners, manifolds, and accessories.
Valves are used to manage plant pressure and release a precise volume of steam or gas without the usage of energy. When a potentially hazardous behaviour is recognized, valves initiate or stop the flow of any poisonous fluid or exogenous hydrocarbons (gases). Logic solvers are extremely adaptive, efficient, dependable, and secure, and they are also extremely simple to set up.
Figure1: High Integrity Pressure Protection System (HIPPS) Market, by Type, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
High Integrity Pressure Protection System End-User Industry Insights
The High Integrity Pressure Protection System (HIPPS) Market segmentation, based on End-User Industry, includes Oil and Gas, Chemicals, Power, Metal and Mining, Food and Beverages And Other Process Industries. The oil and gas category is predicted to grow the fastest. The high-integrity pressure protection system makes use of oil and gas company's system design and integration capabilities.
Companies in the market are concentrating on producing cutting-edge products and services to help the HIPPS market thrive in the coming years. ATV HIPPS, a subsidiary of the ATV Group and ATV SpA, has acquired the wellhead equipment and controls firm Hydro Pneumatic.
High Integrity Pressure Protection System Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American High Integrity Pressure Protection System (HIPPS) Market area will dominate this market, due to the increasing government program for workplace safety. In this location, the government required manufacturing enterprises to use an electronic HIPPS system, which improves operational efficiency and worker safety.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2:High Integrity Pressure Protection System (HIPPS) Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe High Integrity Pressure Protection System (HIPPS) Market accounts for the second-largest market share because of its emphasis on boosting its capacity for oil and gas refining, as well as the apparent rise of its chemical industry. Further, the German High Integrity Pressure Protection System (HIPPS) Market held the largest market share, and the UK High Integrity Pressure Protection System (HIPPS) Market was the fastest growing market in the European region
The Asia-Pacific High Integrity Pressure Protection System (HIPPS) Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the region's emphasis on building oil and gas refining capacity, as well as strong expansion in the chemicals industry, with China, Japan, and India among the region's key countries. Moreover, China’s High Integrity Pressure Protection System (HIPPS) Market held the largest market share, and the Indian High Integrity Pressure Protection System (HIPPS) Market was the fastest growing market in the Asia-Pacific region.
High Integrity Pressure Protection System (HIPPS) Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the High Integrity Pressure Protection System (HIPPS) Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, High Integrity Pressure Protection System (HIPPS)industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global High Integrity Pressure Protection System (HIPPS) industry to benefit clients and increase the market sector. In recent years, the High Integrity Pressure Protection System (HIPPS) industry has offered some of the most significant advantages to medicine. Major players in the High Integrity Pressure Protection System (HIPPS) Market, including Schneider Electric, Yokogawa Electric Corporation, ABB Ltd, Siemens AG, Schlumberger NV, Mogas Industries Inc., Mokveld Valves BV and others, are attempting to increase market demand by investing in research and development operations.
Maestro Oil and Gas Solutions (MOGAS) is complete downstream oil marketing multinational. Its commercial operations as of 2015 included international oil trading, fuels and lubrication services, and retail networks. The corporation is registered in the UAE and has its headquarters in Kampala, Uganda, but it operates in Uganda, Kenya, Tanzania, the Democratic Republic of the Congo, the United Arab Emirates, Rwanda, and Burundi.
In July 2020, MOGAS Industries, Inc. purchased the assets of Watson Valve, a severe service valve manufacturer based in the United States, in order to provide repairs and coating services. Watson Valve has over 3,400 valves installed globally, primarily in the mining industry, but also in the chemical and oil and gas industries.
Emerson Electric Co. is a worldwide firm based in Ferguson, Missouri. The Fortune 500 firm develops goods and offers engineering services to the industrial, commercial, and consumer markets. Emerson employs roughly 86,700 people and operates 170 manufacturing facilities. Emerson Electric Manufacturing Co. was founded in 1890 in St. Louis, Missouri, by Civil War Union soldier John Wesley Emerson to manufacture electric motors utilizing a patent owned by the Scottish-born brothers Charles and Alexander Meston. It was the first company in the United States to sell electric fans in 1892.
Its product portfolio swiftly extended to include electric sewing machines, electric dental drills, and power tools. February 2020, Emerson introduced the ASCO Series 158 Gas Valve with Series 159 Motorized Actuator. ASCO valves are specifically intended for burner-boiler applications. The new products provided OEMs, distributors, contractors, and end users with a new combustion safety shutoff valve option that improves flow and control while increasing safety and dependability.
Key Companies in the HIPPS market include
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Emerson Electric Co.
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Severn Glocon Group
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Schneider Electric
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Yokogawa Electric Corporation
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Siemens AG
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Schlumberger NV
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Mogas Industries Inc.
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Mokveld Valves BV
High Integrity Pressure Protection System Industry Developments
March 2020, ABB enhanced the ABB Ability System 800xA. This new system incorporates innovative Ethernet I/O solutions, high-integrity controllers, and engineering tools that all help to improve project performance. This product enhancement will help the organization generate more revenue.
September 2019, Emerson Electric Co. introduced DeltaV SIS, a new safety solution. This innovative technology can also be used for fire and gas detection, burner control, and high-integrity pressure protection systems (HIPPS), among other applications. Emerson's product range and client base will be expanded by the firm.
September 2021, Yokogawa's new Electric Exaquantum Safety Function Monitoring (SFM) software was made available to test whether actual operating performance matches safety design criteria. The updated program offers a number of new features that will assist SFM users in identifying potential safety concerns, streamlining maintenance responsibilities, and improving the overall design of safety solutions. The International Electrotechnical Commission (IEC) 61511 standard is met.
HIPPS Market Segmentation:
High Integrity Pressure Protection System Type Outlook
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Components
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Services
High Integrity Pressure Protection System End-User Industry Outlook
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Oil and Gas
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Chemicals
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Power
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Metal and Mining
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Food and Beverages
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Other Process Industries
High Integrity Pressure Protection System Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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