High-Integrity Pressure Protection System (HIPPS) Market with COVID-19 Impact Analysis by Component (Field Initiator, Logic Solver, Valves, Actuators), Service (Maintenance, TIC), Industry (Oil & Gas, Chemical) and Region - Global Forecast to 2027
The global High-Integrity Pressure Protection System (HIPPS) market size was valued at USD 484 million in 2022 and is projected to reach USD 670 million by 2027. It is expected to grow at a CAGR of 6.7% during the forecast period. The high demand for HIPPS is accounted from oil & gas industry in North American Region as the region is have implemented safety regulations and major oil companies have their operations in US and Canada. The HIPPS market in APAC is expected to grow at the highest CAGR owing to the increasing number of oil and gas refineries and significant growth in the chemicals industry in the region.
“Market for services to grow at the highest CAGR from 2022 to 2027.”
Demand for services is likely to grow at a higher CAGR in the HIPPS market owing to the increasing adoption of these systems in greenfield projects. Maintenance services are expected to continue to hold the largest size of the HIPPS market based on service offerings, followed by testing, inspection, and certification (TIC) services.
Maintenance is a critical factor in the overall life cycle of HIPPS. After the installation of HIPPS, end-users have to maintain the SIF and SIL level throughout the life cycle of HIPPS. Preventive and corrective maintenance services are offered directly by the manufacturers and system integrators of HIPPS solutions. The market for TIC services is likely to register the highest CAGR in the HIPPS market. To improve the quality and reliability of components and configurations, HIPPS is inspected regularly for discontinuities, defects, or any other faults that might reduce its operational reliability, leading to failure.
“Market for chemicals industry to grow at highest CAGR during the forecast period”
Safety and reliability are critical factors for the chemicals industry. For reliable and accurate workflow in this industry, the functional safety of plants is necessary. The chemicals industry involves inherent risks due to the presence of dangerous materials such as volatile gases and chemicals. Every year, several workers are injured, affected, or killed because of the exposure to harmful chemical substances. These incidents cause human suffering, loss of production, and high medical costs. Chemical companies are increasingly implementing HIPPS to comply with stringent safety regulations and reduce gas flaring. Owing to this, the market for HIPPS in the chemicals industry is likely to grow at the highest CAGR during the forecast period
“Market in APAC to grow at fastest CAGR during the forecast period”
The HIPPS market in APAC is expected to grow at the highest CAGR owing to the increasing number of oil and gas refineries and significant growth in the chemicals industry. APAC presents a high potential for installation of HIPPS in the oil & gas, chemicals, and power generation industries. The growing demand for petrochemicals in countries such as China and India are augmenting the production of oil, gas, and chemicals. The oil & gas industry is likely to witness an increased demand for HIPPS, with a growing number of greenfield projects planned in countries such as India and China.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HIPPS marketplace.
The study includes an in-depth competitive analysis of these key players in the HIPPS market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the HIPPS market based on type, offerings, industry, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the HIPPS market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall HIPPS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
“Market for services to grow at the highest CAGR from 2022 to 2027.”
Demand for services is likely to grow at a higher CAGR in the HIPPS market owing to the increasing adoption of these systems in greenfield projects. Maintenance services are expected to continue to hold the largest size of the HIPPS market based on service offerings, followed by testing, inspection, and certification (TIC) services.
Maintenance is a critical factor in the overall life cycle of HIPPS. After the installation of HIPPS, end-users have to maintain the SIF and SIL level throughout the life cycle of HIPPS. Preventive and corrective maintenance services are offered directly by the manufacturers and system integrators of HIPPS solutions. The market for TIC services is likely to register the highest CAGR in the HIPPS market. To improve the quality and reliability of components and configurations, HIPPS is inspected regularly for discontinuities, defects, or any other faults that might reduce its operational reliability, leading to failure.
“Market for chemicals industry to grow at highest CAGR during the forecast period”
Safety and reliability are critical factors for the chemicals industry. For reliable and accurate workflow in this industry, the functional safety of plants is necessary. The chemicals industry involves inherent risks due to the presence of dangerous materials such as volatile gases and chemicals. Every year, several workers are injured, affected, or killed because of the exposure to harmful chemical substances. These incidents cause human suffering, loss of production, and high medical costs. Chemical companies are increasingly implementing HIPPS to comply with stringent safety regulations and reduce gas flaring. Owing to this, the market for HIPPS in the chemicals industry is likely to grow at the highest CAGR during the forecast period
“Market in APAC to grow at fastest CAGR during the forecast period”
The HIPPS market in APAC is expected to grow at the highest CAGR owing to the increasing number of oil and gas refineries and significant growth in the chemicals industry. APAC presents a high potential for installation of HIPPS in the oil & gas, chemicals, and power generation industries. The growing demand for petrochemicals in countries such as China and India are augmenting the production of oil, gas, and chemicals. The oil & gas industry is likely to witness an increased demand for HIPPS, with a growing number of greenfield projects planned in countries such as India and China.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HIPPS marketplace.
- By Company Type: Tier 1 - 40, Tier 2 – 35%, and Tier 3 - 25%
- By Designation: C-Level Executives - 48% , Director- 33%, and Others – 19%
- By Region: North America - 35%, Middle East – 30%, Europe - 10%, APAC - 20%, and RoW - 5%
The study includes an in-depth competitive analysis of these key players in the HIPPS market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the HIPPS market based on type, offerings, industry, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the HIPPS market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall HIPPS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HIPPS MARKET: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HIPPS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.1.3.3 Key insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 SUPPLY SIDE ANALYSIS: HIPPS MARKET (1/2)
FIGURE 4 SUPPLY SIDE ANALYSIS: HIPPS MARKET (2/2)
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENTS
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 8 HIPPS MARKET SIZE, 2018–2027
FIGURE 9 HIPPS MARKET FOR SERVICES TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD
FIGURE 10 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGER SHARE OF
HIPPS MARKET DURING FORECAST PERIOD
FIGURE 11 NORTH AMERICA TO BE DOMINANT MARKET FOR HIPPS
DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN HIPPS MARKET
FIGURE 12 GROWING NEED FOR REDUCING FLARING TO PROTECT
ENVIRONMENT TO DRIVE GROWTH OF HIPPS MARKET
4.2 HIPPS MARKET, BY OFFERING
FIGURE 13 COMPONENT SEGMENT TO HOLD LARGER SHARE OF HIPPS MARKET
DURING FORECAST PERIOD
4.3 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY
FIGURE 14 US AND OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARES OF
NORTH AMERICAN HIPPS MARKET IN 2027
4.4 HIPPS MARKET, BY COUNTRY
FIGURE 15 US TO ACCOUNT FOR LARGEST SHARE OF HIPPS MARKET IN 2027
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HIPPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing need for reducing gas flaring and venting to
protect environment
5.2.1.2 Implementation of stringent regulations by governments to ensure safety and security at manufacturing plants
FIGURE 17 HIPPS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High installation cost associated with high-integrity pressure protection system (HIPPS)
FIGURE 18 HIPPS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Expansion of refineries and petrochemical plants
5.2.3.2 Focus of market players on offering improved customer services
5.2.3.3 Growing usage of Industrial Internet of Things (IIoT)
FIGURE 19 HIPPS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complexity in designing of high-integrity pressure
protection system (HIPPS)
FIGURE 20 HIPPS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 HIPPS: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 22 HIPPS ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
FIGURE 23 REVENUE SHIFT AND NEW REVENUE POCKETS FOR
PLAYERS IN HIPPS MARKET
5.6 CASE STUDY ANALYSIS
5.6.1 IMI CRITICAL OFFERED COST-EFFECTIVE SOLUTION TO
OIL & GAS COMPANY IN LATIN AMERICA
5.6.2 YOKOGAWA DEMONSTRATED INSTALLATION OF HIPPS IN SUB-SEA CAN DRASTICALLY REDUCE OPERATIONAL COST
5.6.3 SELLA CONTROLS INSTALLED SKID-MOUNTED HIPPS AT
LNG TERMINAL IN INDIA
5.7 PRICING ANALYSIS
TABLE 2 AVERAGE SELLING PRICES OF COMPONENTS OF HIPPS OFFERED
BY TOP COMPANIES, 2021
TABLE 3 INDICATIVE PRICES OF COMPONENTS OF HIPPS
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 IMPACT OF EACH FORCE ON HIPPS MARKET
5.9 TECHNOLOGY ANALYSIS
5.9.1 SOFTWARE-BASED SIS SOLUTION
5.10 TRADE ANALYSIS
FIGURE 24 IMPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 25 EXPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)
5.11 PATENTS ANALYSIS
FIGURE 26 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS OWNED
IN LAST 10 YEARS
TABLE 5 TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 27 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020
TABLE 6 LIST OF MAJOR PATENTS
5.12 REGULATORY LANDSCAPE
5.12.1 SAFETY INTEGRITY LEVEL (SIL)
TABLE 7 SIL AND RELATED MEASURES
5.12.2 IEC 61508
5.12.3 IEC 61511
TABLE 8 DIFFERENCE BETWEEN IEC 61508 AND IEC 61511 STANDARDS
6 HIPPS MARKET, BY OFFERING
6.1 INTRODUCTION
FIGURE 28 COMPONENT TO BE LEADING SEGMENT IN HIPPS MARKET IN 2027
TABLE 9 HIPPS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 10 HIPPS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
6.2 COMPONENTS
TABLE 11 HIPPS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 12 HIPPS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 13 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 14 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2022–2027 (USD MILLION)
6.2.1 FILED INITIATORS
6.2.1.1 Pressure transmitters function as field initiators for HIPPS
6.2.2 LOGIC SOLVER
6.2.2.1 Solid-state logic solver
6.2.2.1.1 Solid-state logic solver is highly preferred in
many applications
6.2.2.2 Other
TABLE 15 HIPPS MARKET, BY LOGIC SOLVER TYPE, 2018–2021 (USD MILLION)
TABLE 16 HIPPS MARKET, BY LOGIC SOLVER TYPE, 2022–2027 (USD MILLION)
6.2.3 FINAL CONTROL ELEMENT
6.2.3.1 Valves
6.2.3.1.1 Valve is major part of HIPPS
6.2.3.2 Actuators
6.2.3.2.1 Actuators enable closing and opening functions for valves
6.2.4 OTHER COMPONENTS
6.3 SERVICES
TABLE 17 HIPPS MARKET, BY SERVICE, 2018–2021 (USD MILLION)
TABLE 18 HIPPS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 19 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 20 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2022–2027 (USD MILLION)
6.3.1 TESTING, INSPECTION, AND CERTIFICATION (TIC)
6.3.1.1 End users rely on testing, inspection, and certification services for examining quality of HIPPS before implementation
6.3.2 MAINTENANCE
6.3.2.1 Regular maintenance ensures efficient functionality of
HIPPS over long period
6.3.3 TRAINING AND CONSULTATION
6.3.3.1 Consulting services help to offer customized systems
based on requirement
7 HIPPS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 29 ELECTRONIC HIPPS SEGMENT ACCOUNTED FOR LARGER SHARE
OF HIPPS MARKET IN 2021
TABLE 21 KEY POINTS: MECHANICAL AND ELECTRONIC HIPPS
7.2 ELECTRONIC HIPPS
7.2.1 HIGH USE OF ELECTRONIC HIPPS IN INDUSTRIAL SAFETY APPLICATIONS
7.3 MECHANICAL HIPPS
7.3.1 GROWING USE OF MECHANICAL HIPPS IN EXTREME REMOTE APPLICATIONS
8 HIPPS MARKET, BY INDUSTRY
8.1 INTRODUCTION
FIGURE 30 OIL & GAS TO BE LEADING SEGMENT IN HIPPS MARKET IN 2027
TABLE 22 HIPPS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 23 HIPPS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
8.2 OIL & GAS
TABLE 24 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
TABLE 26 HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 27 HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 28 HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 29 HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 30 HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 31 HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 32 HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 34 HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 36 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 37 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 38 TYPICAL APPLICATIONS OF HIPPS IN UPSTREAM, MIDSTREAM, AND DOWNSTREAM SECTORS
TABLE 39 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE, 2018–2021 (USD MILLION)
TABLE 40 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE, 2022–2027 (USD MILLION)
8.2.1 UPSTREAM
8.2.1.1 Upstream sector held largest size of HIPPS market for
oil & gas industry in 2021
8.2.2 MIDSTREAM
8.2.2.1 Increasing number of oil and gas pipelines to fuel demand for
HIPPS in midstream sector
8.2.3 DOWNSTREAM
8.2.3.1 Increasing demand for HIPPS from LNG regasification plants in downstream sector to drive market growth
8.3 CHEMICAL
8.3.1 STRINGENT REGULATIONS AND STANDARDS TO FUEL DEMAND FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) IN CHEMICAL INDUSTRY
TABLE 41 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
TABLE 42 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
TABLE 43 HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 44 HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 45 HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 46 HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 47 HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 48 HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 49 HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 50 HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 51 HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 52 HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 53 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 54 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING, 2022–2027 (USD MILLION)
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
FIGURE 31 HIPPS MARKET: GEOGRAPHIC SNAPSHOT
TABLE 55 HIPPS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 HIPPS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 32 SNAPSHOT OF HIPPS MARKET IN NORTH AMERICA
TABLE 57 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 58 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 59 HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 60 HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.1 US
9.2.1.1 US to hold largest share of North American market
during forecast period
TABLE 61 HIPPS MARKET IN US, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 62 HIPPS MARKET IN US, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.2 CANADA
9.2.2.1 Expansion of pipeline networks for gas transportation to boost Canadian market growth during forecast period
TABLE 63 HIPPS MARKET IN CANADA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 64 HIPPS MARKET IN CANADA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.3 MEXICO
9.2.3.1 Mexico to witness moderate growth in HIPPS market
during forecast period
TABLE 65 HIPPS MARKET IN MEXICO, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 66 HIPPS MARKET IN MEXICO, BY INDUSTRY, 2022–2027 (USD MILLION)
9.3 EUROPE
FIGURE 33 SNAPSHOT OF HIPPS MARKET IN EUROPE
TABLE 67 HIPPS MARKET IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 68 HIPPS MARKET IN EUROPE, BY INDUSTRY, 2022–2027 (USD MILLION)
9.3.1 RUSSIA
9.3.1.1 Planned investments in oil & gas industry to boost
Russian market growth
9.3.2 NORWAY
9.3.2.1 Increasing oil and gas subsea exploration activities to boost
market growth in Norway
9.3.3 UK
9.3.3.1 UK to be major market for HIPPS in Europe
9.3.4 REST OF EUROPE
9.4 MIDDLE EAST
TABLE 69 HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 70 HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 71 HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 72 HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2022–2027 (USD MILLION)
9.4.1 SAUDI ARABIA
9.4.1.1 High oil & gas production is driving market growth in Saudi Arabia
TABLE 73 HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 74 HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.4.2 UAE
9.4.2.1 Growing adoption of automation technologies in oil & gas production to drive growth of UAE HIPPS market
TABLE 75 HIPPS MARKET IN UAE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 76 HIPPS MARKET IN UAE, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5 ASIA PACIFIC
FIGURE 34 SNAPSHOT OF HIPPS MARKET IN APAC
TABLE 77 HIPPS MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 78 HIPPS MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 79 HIPPS MARKET IN APAC, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 80 HIPPS MARKET IN APAC, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5.1 CHINA
9.5.1.1 Growing demand for HIPPS in oil & gas and chemical industries to fuel market growth in China
TABLE 81 HIPPS MARKET IN CHINA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 82 HIPPS MARKET IN CHINA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5.2 INDIA
9.5.2.1 HIPPS market in India to grow at fastest CAGR during forecast period
TABLE 83 HIPPS MARKET IN INDIA, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
TABLE 84 HIPPS MARKET IN INDIA, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
9.5.3 REST OF APAC
9.6 REST OF THE WORLD (ROW)
TABLE 85 HIPPS MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 86 HIPPS MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 87 HIPPS MARKET IN ROW, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 88 HIPPS MARKET IN ROW, BY INDUSTRY, 2022–2027 (USD MILLION)
9.6.1 AFRICA
9.6.1.1 Nigeria, Algeria, and Angola to be major contributors to growth of African HIPPS market
TABLE 89 HIPPS MARKET IN AFRICA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 90 HIPPS MARKET IN AFRICA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.6.2 SOUTH AMERICA
9.6.2.1 South America to hold small market share of RoW HIPPS market
TABLE 91 HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
TABLE 92 HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 35 HIPPS MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020
10.3 MARKET SHARE ANALYSIS, 2021
FIGURE 36 HIPPS MARKET SHARE ANALYSIS (2021)
10.4 COMPETITIVE LEADERSHIP MAPPING
10.4.1 STAR
10.4.2 EMERGING LEADER
10.4.3 PERVASIVE
10.4.4 PARTICIPANT
FIGURE 37 HIPPS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
10.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2021
10.5.1 PROGRESSIVE COMPANY
10.5.2 RESPONSIVE COMPANY
10.5.3 DYNAMIC COMPANY
10.5.4 STARTING BLOCK
FIGURE 38 HIPPS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2021
10.6 HIPPS MARKET: PRODUCT FOOTPRINT
TABLE 93 COMPANY FOOTPRINT
TABLE 94 PRODUCT FOOTPRINT OF COMPANIES
TABLE 95 INDUSTRY FOOTPRINT OF COMPANIES
TABLE 96 REGIONAL FOOTPRINT OF COMPANIES
10.7 HIPPS MARKET: SME MATRIX
FIGURE 39 HIPPS MARKET: DETAILED LIST OF KEY SMES
TABLE 97 HIPPS MARKET: DETAILED LIST OF KEY SMES
10.8 COMPETITIVE SITUATIONS AND TRENDS
10.8.1 HIPPS MARKET: PRODUCT LAUNCHES, 2019–2021
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 KEY PLAYERS
11.1.1 EMERSON ELECTRIC CO.
TABLE 98 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
FIGURE 40 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 99 EMERSON ELECTRIC CO.: PRODUCT OFFERING
11.1.2 YOKOGAWA ELECTRIC CORPORATION
TABLE 100 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
FIGURE 41 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 101 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERING
11.1.3 HIMA
TABLE 102 HIMA: BUSINESS OVERVIEW
TABLE 103 HIMA: PRODUCT OFFERING
11.1.4 SCHNEIDER ELECTRIC
TABLE 104 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 42 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 105 SCHNEIDER ELECTRIC: PRODUCT OFFERING
11.1.5 ROCKWELL AUTOMATION INC.
TABLE 106 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
FIGURE 43 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 107 ROCKWELL AUTOMATION: PRODUCT OFFERINGS
11.1.6 ABB
TABLE 108 ABB: BUSINESS OVERVIEW
FIGURE 44 ABB: COMPANY SNAPSHOT
TABLE 109 ABB: PRODUCT OFFERING
11.1.7 SCHLUMBERGER
TABLE 110 SCHLUMBERGER: BUSINESS OVERVIEW
FIGURE 45 SCHLUMBERGER: COMPANY SNAPSHOT
TABLE 111 SCHLUMBERGER: PRODUCT OFFERING
11.1.8 SIEMENS AG
TABLE 112 SIEMENS AG: BUSINESS OVERVIEW
FIGURE 46 SIEMENS AG: COMPANY SNAPSHOT
TABLE 113 SIEMENS AG: PRODUCT OFFERING
11.1.9 HONEYWELL INTERNATIONAL INC
TABLE 114 HONEYWELL INTERNATIONAL INC: BUSINESS OVERVIEW
FIGURE 47 HONEYWELL INTERNATIONAL INC: COMPANY SNAPSHOT
TABLE 115 HONEYWELL INTERNATIONAL INC: PRODUCT OFFERING
11.1.10 BAKER HUGHES
TABLE 116 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 48 BAKER HUGHES: COMPANY SNAPSHOT
TABLE 117 GENERAL ELECTRIC: PRODUCT OFFERINGS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
11.2.1 MOKVELD
TABLE 118 MOKVELD: COMPANY OVERVIEW
11.2.2 VELAN INC
TABLE 119 VELAN INC: COMPANY OVERVIEW
11.2.3 IMI PLC
TABLE 120 IMI PLC: COMPANY OVERVIEW
11.2.4 SEVERN GLOCON GROUP
TABLE 121 SEVERN GLOCON GROUP: COMPANY OVERVIEW
11.2.5 LARSEN & TOUBRO
TABLE 122 LARSEN & TOUBRO: COMPANY OVERVIEW
11.2.6 SAMSON GROUP
TABLE 123 SAMSON GROUP: COMPANY OVERVIEW
11.2.7 MOGAS IND
TABLE 124 MOGAS IND: COMPANY OVERVIEW
11.2.8 PALADON SYSTEMS
TABLE 125 PALADON SYSTEMS: COMPANY OVERVIEW
11.2.9 PIETRO FIORENTINI S.P.A.
TABLE 126 PIERTO FIORENTINI: COMPANY OVERVIEW
11.2.10 PETROLVALVES S.P.A
TABLE 127 PETROLVALVES S.P.A: COMPANY OVERVIEW
11.2.11 BRITISH ENGINES
TABLE 128 BRITISH ENGINES: COMPANY OVERVIEW
11.2.12 PROCONTROL
TABLE 129 PROCONTROL: COMPANY OVERVIEW
11.2.13 VALVTECHNOLOGIES
TABLE 130 VALVTECNOLOGIES: COMPANY OVERVIEW
11.2.14 FRAMES GROUP
TABLE 131 FRAMES GROUP: COMPANY OVERVIEW
11.2.15 DAFRAM S.P.A.
TABLE 132 DAFRAM S.P.A.: COMPANY OVERVIEW
12 ADJACENT & RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 INDUSTRIAL VALVES MARKET, BY FUNCTION
TABLE 133 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)
TABLE 134 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)
12.3.1 ON/OFF VALVES
12.3.1.1 On/off valves accounted for larger market share in 2020
12.3.2 CONTROL VALVES
12.3.2.1 Control valves to witness significant growth during forecast period
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HIPPS MARKET: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HIPPS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.1.3.3 Key insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 SUPPLY SIDE ANALYSIS: HIPPS MARKET (1/2)
FIGURE 4 SUPPLY SIDE ANALYSIS: HIPPS MARKET (2/2)
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENTS
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 8 HIPPS MARKET SIZE, 2018–2027
FIGURE 9 HIPPS MARKET FOR SERVICES TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD
FIGURE 10 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGER SHARE OF
HIPPS MARKET DURING FORECAST PERIOD
FIGURE 11 NORTH AMERICA TO BE DOMINANT MARKET FOR HIPPS
DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN HIPPS MARKET
FIGURE 12 GROWING NEED FOR REDUCING FLARING TO PROTECT
ENVIRONMENT TO DRIVE GROWTH OF HIPPS MARKET
4.2 HIPPS MARKET, BY OFFERING
FIGURE 13 COMPONENT SEGMENT TO HOLD LARGER SHARE OF HIPPS MARKET
DURING FORECAST PERIOD
4.3 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY
FIGURE 14 US AND OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARES OF
NORTH AMERICAN HIPPS MARKET IN 2027
4.4 HIPPS MARKET, BY COUNTRY
FIGURE 15 US TO ACCOUNT FOR LARGEST SHARE OF HIPPS MARKET IN 2027
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HIPPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing need for reducing gas flaring and venting to
protect environment
5.2.1.2 Implementation of stringent regulations by governments to ensure safety and security at manufacturing plants
FIGURE 17 HIPPS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High installation cost associated with high-integrity pressure protection system (HIPPS)
FIGURE 18 HIPPS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Expansion of refineries and petrochemical plants
5.2.3.2 Focus of market players on offering improved customer services
5.2.3.3 Growing usage of Industrial Internet of Things (IIoT)
FIGURE 19 HIPPS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complexity in designing of high-integrity pressure
protection system (HIPPS)
FIGURE 20 HIPPS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 HIPPS: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 22 HIPPS ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
FIGURE 23 REVENUE SHIFT AND NEW REVENUE POCKETS FOR
PLAYERS IN HIPPS MARKET
5.6 CASE STUDY ANALYSIS
5.6.1 IMI CRITICAL OFFERED COST-EFFECTIVE SOLUTION TO
OIL & GAS COMPANY IN LATIN AMERICA
5.6.2 YOKOGAWA DEMONSTRATED INSTALLATION OF HIPPS IN SUB-SEA CAN DRASTICALLY REDUCE OPERATIONAL COST
5.6.3 SELLA CONTROLS INSTALLED SKID-MOUNTED HIPPS AT
LNG TERMINAL IN INDIA
5.7 PRICING ANALYSIS
TABLE 2 AVERAGE SELLING PRICES OF COMPONENTS OF HIPPS OFFERED
BY TOP COMPANIES, 2021
TABLE 3 INDICATIVE PRICES OF COMPONENTS OF HIPPS
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 IMPACT OF EACH FORCE ON HIPPS MARKET
5.9 TECHNOLOGY ANALYSIS
5.9.1 SOFTWARE-BASED SIS SOLUTION
5.10 TRADE ANALYSIS
FIGURE 24 IMPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 25 EXPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)
5.11 PATENTS ANALYSIS
FIGURE 26 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS OWNED
IN LAST 10 YEARS
TABLE 5 TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 27 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020
TABLE 6 LIST OF MAJOR PATENTS
5.12 REGULATORY LANDSCAPE
5.12.1 SAFETY INTEGRITY LEVEL (SIL)
TABLE 7 SIL AND RELATED MEASURES
5.12.2 IEC 61508
5.12.3 IEC 61511
TABLE 8 DIFFERENCE BETWEEN IEC 61508 AND IEC 61511 STANDARDS
6 HIPPS MARKET, BY OFFERING
6.1 INTRODUCTION
FIGURE 28 COMPONENT TO BE LEADING SEGMENT IN HIPPS MARKET IN 2027
TABLE 9 HIPPS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 10 HIPPS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
6.2 COMPONENTS
TABLE 11 HIPPS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 12 HIPPS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 13 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 14 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2022–2027 (USD MILLION)
6.2.1 FILED INITIATORS
6.2.1.1 Pressure transmitters function as field initiators for HIPPS
6.2.2 LOGIC SOLVER
6.2.2.1 Solid-state logic solver
6.2.2.1.1 Solid-state logic solver is highly preferred in
many applications
6.2.2.2 Other
TABLE 15 HIPPS MARKET, BY LOGIC SOLVER TYPE, 2018–2021 (USD MILLION)
TABLE 16 HIPPS MARKET, BY LOGIC SOLVER TYPE, 2022–2027 (USD MILLION)
6.2.3 FINAL CONTROL ELEMENT
6.2.3.1 Valves
6.2.3.1.1 Valve is major part of HIPPS
6.2.3.2 Actuators
6.2.3.2.1 Actuators enable closing and opening functions for valves
6.2.4 OTHER COMPONENTS
6.3 SERVICES
TABLE 17 HIPPS MARKET, BY SERVICE, 2018–2021 (USD MILLION)
TABLE 18 HIPPS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 19 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 20 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2022–2027 (USD MILLION)
6.3.1 TESTING, INSPECTION, AND CERTIFICATION (TIC)
6.3.1.1 End users rely on testing, inspection, and certification services for examining quality of HIPPS before implementation
6.3.2 MAINTENANCE
6.3.2.1 Regular maintenance ensures efficient functionality of
HIPPS over long period
6.3.3 TRAINING AND CONSULTATION
6.3.3.1 Consulting services help to offer customized systems
based on requirement
7 HIPPS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 29 ELECTRONIC HIPPS SEGMENT ACCOUNTED FOR LARGER SHARE
OF HIPPS MARKET IN 2021
TABLE 21 KEY POINTS: MECHANICAL AND ELECTRONIC HIPPS
7.2 ELECTRONIC HIPPS
7.2.1 HIGH USE OF ELECTRONIC HIPPS IN INDUSTRIAL SAFETY APPLICATIONS
7.3 MECHANICAL HIPPS
7.3.1 GROWING USE OF MECHANICAL HIPPS IN EXTREME REMOTE APPLICATIONS
8 HIPPS MARKET, BY INDUSTRY
8.1 INTRODUCTION
FIGURE 30 OIL & GAS TO BE LEADING SEGMENT IN HIPPS MARKET IN 2027
TABLE 22 HIPPS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 23 HIPPS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
8.2 OIL & GAS
TABLE 24 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
TABLE 26 HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 27 HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 28 HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 29 HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 30 HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 31 HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 32 HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 34 HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 36 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 37 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 38 TYPICAL APPLICATIONS OF HIPPS IN UPSTREAM, MIDSTREAM, AND DOWNSTREAM SECTORS
TABLE 39 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE, 2018–2021 (USD MILLION)
TABLE 40 HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE, 2022–2027 (USD MILLION)
8.2.1 UPSTREAM
8.2.1.1 Upstream sector held largest size of HIPPS market for
oil & gas industry in 2021
8.2.2 MIDSTREAM
8.2.2.1 Increasing number of oil and gas pipelines to fuel demand for
HIPPS in midstream sector
8.2.3 DOWNSTREAM
8.2.3.1 Increasing demand for HIPPS from LNG regasification plants in downstream sector to drive market growth
8.3 CHEMICAL
8.3.1 STRINGENT REGULATIONS AND STANDARDS TO FUEL DEMAND FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) IN CHEMICAL INDUSTRY
TABLE 41 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
TABLE 42 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
TABLE 43 HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 44 HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 45 HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 46 HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 47 HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 48 HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 49 HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 50 HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 51 HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 52 HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 53 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 54 HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING, 2022–2027 (USD MILLION)
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
FIGURE 31 HIPPS MARKET: GEOGRAPHIC SNAPSHOT
TABLE 55 HIPPS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 HIPPS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 32 SNAPSHOT OF HIPPS MARKET IN NORTH AMERICA
TABLE 57 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 58 HIPPS MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 59 HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 60 HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.1 US
9.2.1.1 US to hold largest share of North American market
during forecast period
TABLE 61 HIPPS MARKET IN US, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 62 HIPPS MARKET IN US, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.2 CANADA
9.2.2.1 Expansion of pipeline networks for gas transportation to boost Canadian market growth during forecast period
TABLE 63 HIPPS MARKET IN CANADA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 64 HIPPS MARKET IN CANADA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.3 MEXICO
9.2.3.1 Mexico to witness moderate growth in HIPPS market
during forecast period
TABLE 65 HIPPS MARKET IN MEXICO, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 66 HIPPS MARKET IN MEXICO, BY INDUSTRY, 2022–2027 (USD MILLION)
9.3 EUROPE
FIGURE 33 SNAPSHOT OF HIPPS MARKET IN EUROPE
TABLE 67 HIPPS MARKET IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 68 HIPPS MARKET IN EUROPE, BY INDUSTRY, 2022–2027 (USD MILLION)
9.3.1 RUSSIA
9.3.1.1 Planned investments in oil & gas industry to boost
Russian market growth
9.3.2 NORWAY
9.3.2.1 Increasing oil and gas subsea exploration activities to boost
market growth in Norway
9.3.3 UK
9.3.3.1 UK to be major market for HIPPS in Europe
9.3.4 REST OF EUROPE
9.4 MIDDLE EAST
TABLE 69 HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 70 HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 71 HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 72 HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2022–2027 (USD MILLION)
9.4.1 SAUDI ARABIA
9.4.1.1 High oil & gas production is driving market growth in Saudi Arabia
TABLE 73 HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 74 HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.4.2 UAE
9.4.2.1 Growing adoption of automation technologies in oil & gas production to drive growth of UAE HIPPS market
TABLE 75 HIPPS MARKET IN UAE, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 76 HIPPS MARKET IN UAE, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5 ASIA PACIFIC
FIGURE 34 SNAPSHOT OF HIPPS MARKET IN APAC
TABLE 77 HIPPS MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 78 HIPPS MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 79 HIPPS MARKET IN APAC, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 80 HIPPS MARKET IN APAC, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5.1 CHINA
9.5.1.1 Growing demand for HIPPS in oil & gas and chemical industries to fuel market growth in China
TABLE 81 HIPPS MARKET IN CHINA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 82 HIPPS MARKET IN CHINA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5.2 INDIA
9.5.2.1 HIPPS market in India to grow at fastest CAGR during forecast period
TABLE 83 HIPPS MARKET IN INDIA, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
TABLE 84 HIPPS MARKET IN INDIA, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
9.5.3 REST OF APAC
9.6 REST OF THE WORLD (ROW)
TABLE 85 HIPPS MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 86 HIPPS MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
TABLE 87 HIPPS MARKET IN ROW, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 88 HIPPS MARKET IN ROW, BY INDUSTRY, 2022–2027 (USD MILLION)
9.6.1 AFRICA
9.6.1.1 Nigeria, Algeria, and Angola to be major contributors to growth of African HIPPS market
TABLE 89 HIPPS MARKET IN AFRICA, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 90 HIPPS MARKET IN AFRICA, BY INDUSTRY, 2022–2027 (USD MILLION)
9.6.2 SOUTH AMERICA
9.6.2.1 South America to hold small market share of RoW HIPPS market
TABLE 91 HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
TABLE 92 HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 35 HIPPS MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020
10.3 MARKET SHARE ANALYSIS, 2021
FIGURE 36 HIPPS MARKET SHARE ANALYSIS (2021)
10.4 COMPETITIVE LEADERSHIP MAPPING
10.4.1 STAR
10.4.2 EMERGING LEADER
10.4.3 PERVASIVE
10.4.4 PARTICIPANT
FIGURE 37 HIPPS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
10.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2021
10.5.1 PROGRESSIVE COMPANY
10.5.2 RESPONSIVE COMPANY
10.5.3 DYNAMIC COMPANY
10.5.4 STARTING BLOCK
FIGURE 38 HIPPS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2021
10.6 HIPPS MARKET: PRODUCT FOOTPRINT
TABLE 93 COMPANY FOOTPRINT
TABLE 94 PRODUCT FOOTPRINT OF COMPANIES
TABLE 95 INDUSTRY FOOTPRINT OF COMPANIES
TABLE 96 REGIONAL FOOTPRINT OF COMPANIES
10.7 HIPPS MARKET: SME MATRIX
FIGURE 39 HIPPS MARKET: DETAILED LIST OF KEY SMES
TABLE 97 HIPPS MARKET: DETAILED LIST OF KEY SMES
10.8 COMPETITIVE SITUATIONS AND TRENDS
10.8.1 HIPPS MARKET: PRODUCT LAUNCHES, 2019–2021
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 KEY PLAYERS
11.1.1 EMERSON ELECTRIC CO.
TABLE 98 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
FIGURE 40 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 99 EMERSON ELECTRIC CO.: PRODUCT OFFERING
11.1.2 YOKOGAWA ELECTRIC CORPORATION
TABLE 100 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
FIGURE 41 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 101 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERING
11.1.3 HIMA
TABLE 102 HIMA: BUSINESS OVERVIEW
TABLE 103 HIMA: PRODUCT OFFERING
11.1.4 SCHNEIDER ELECTRIC
TABLE 104 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 42 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 105 SCHNEIDER ELECTRIC: PRODUCT OFFERING
11.1.5 ROCKWELL AUTOMATION INC.
TABLE 106 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
FIGURE 43 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 107 ROCKWELL AUTOMATION: PRODUCT OFFERINGS
11.1.6 ABB
TABLE 108 ABB: BUSINESS OVERVIEW
FIGURE 44 ABB: COMPANY SNAPSHOT
TABLE 109 ABB: PRODUCT OFFERING
11.1.7 SCHLUMBERGER
TABLE 110 SCHLUMBERGER: BUSINESS OVERVIEW
FIGURE 45 SCHLUMBERGER: COMPANY SNAPSHOT
TABLE 111 SCHLUMBERGER: PRODUCT OFFERING
11.1.8 SIEMENS AG
TABLE 112 SIEMENS AG: BUSINESS OVERVIEW
FIGURE 46 SIEMENS AG: COMPANY SNAPSHOT
TABLE 113 SIEMENS AG: PRODUCT OFFERING
11.1.9 HONEYWELL INTERNATIONAL INC
TABLE 114 HONEYWELL INTERNATIONAL INC: BUSINESS OVERVIEW
FIGURE 47 HONEYWELL INTERNATIONAL INC: COMPANY SNAPSHOT
TABLE 115 HONEYWELL INTERNATIONAL INC: PRODUCT OFFERING
11.1.10 BAKER HUGHES
TABLE 116 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 48 BAKER HUGHES: COMPANY SNAPSHOT
TABLE 117 GENERAL ELECTRIC: PRODUCT OFFERINGS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
11.2.1 MOKVELD
TABLE 118 MOKVELD: COMPANY OVERVIEW
11.2.2 VELAN INC
TABLE 119 VELAN INC: COMPANY OVERVIEW
11.2.3 IMI PLC
TABLE 120 IMI PLC: COMPANY OVERVIEW
11.2.4 SEVERN GLOCON GROUP
TABLE 121 SEVERN GLOCON GROUP: COMPANY OVERVIEW
11.2.5 LARSEN & TOUBRO
TABLE 122 LARSEN & TOUBRO: COMPANY OVERVIEW
11.2.6 SAMSON GROUP
TABLE 123 SAMSON GROUP: COMPANY OVERVIEW
11.2.7 MOGAS IND
TABLE 124 MOGAS IND: COMPANY OVERVIEW
11.2.8 PALADON SYSTEMS
TABLE 125 PALADON SYSTEMS: COMPANY OVERVIEW
11.2.9 PIETRO FIORENTINI S.P.A.
TABLE 126 PIERTO FIORENTINI: COMPANY OVERVIEW
11.2.10 PETROLVALVES S.P.A
TABLE 127 PETROLVALVES S.P.A: COMPANY OVERVIEW
11.2.11 BRITISH ENGINES
TABLE 128 BRITISH ENGINES: COMPANY OVERVIEW
11.2.12 PROCONTROL
TABLE 129 PROCONTROL: COMPANY OVERVIEW
11.2.13 VALVTECHNOLOGIES
TABLE 130 VALVTECNOLOGIES: COMPANY OVERVIEW
11.2.14 FRAMES GROUP
TABLE 131 FRAMES GROUP: COMPANY OVERVIEW
11.2.15 DAFRAM S.P.A.
TABLE 132 DAFRAM S.P.A.: COMPANY OVERVIEW
12 ADJACENT & RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 INDUSTRIAL VALVES MARKET, BY FUNCTION
TABLE 133 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)
TABLE 134 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)
12.3.1 ON/OFF VALVES
12.3.1.1 On/off valves accounted for larger market share in 2020
12.3.2 CONTROL VALVES
12.3.2.1 Control valves to witness significant growth during forecast period
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
