HIPPS Market on the Rise: $670 Million by 2027


The High Integrity Pressure Protection System (HIPPS) Market is expected to expand significantly. Forecasts indicate that the market will grow from a size of USD 484 million in 2022 to USD 670 million by 2027, representing a strong CAGR of 6.7%. 

Two major aspects are the main drivers of the High Integrity Pressure Protection System (HIPPS) market growth. In order to prevent flaring in industrial operations and safeguard the environment, there is a growing demand for solutions that can help. The burning of surplus gases, known as flaring, can unleash dangerous chemicals and greenhouse gases into the atmosphere, accelerating the deterioration of the environment and changing the climate. As a result, industries are implementing HIPPS more frequently to reduce flare accidents and lessen their negative effects on the environment.

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Emerson Electric Co. (US), Yokogawa Electric Corp. (Japan), HIMA (Germany), Rockwell Automation Inc. (US), Schneider Electric (France), Honeywell International (US), ABB (Switzerland), Siemens (Germany), Schlumberger (US), and Baker Hughes (US) and are the key players in the HIPPS Market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

Emerson Electric Co. is a well-known and top producer of electrical and industrial equipment with a focus on offering complete process management solutions and products. Their broad range of products, which serve a variety of industries, includes valves, transmitters, analyzers, regulators, and automation systems. The business also provides specialised engineering, consulting, and maintenance services designed for industries including chemicals and oil & gas.

Complete lifecycle management services for valve assets, made possible by cutting-edge monitoring and maintenance tools, are one of Emerson's standout products. With this strategy, the valve assets of their clients are effectively managed over the course of their entire lifecycle, maximising performance and reducing downtime.

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A well-known and respected supplier of industrial automation and process safety solutions, Yokogawa Electric Corp. serves a variety of process industries. The company has made a name for itself as a leader in incorporating cutting-edge technologies into industrial solutions for various sectors because to its extensive experience and knowledge.

The extensive spectrum of services that Yokogawa offers for process industries demonstrates its dedication to quality. Under its Industrial Automation and Control segment, the company offers High Integrity Pressure Protection System (HIPPS) systems, among a wide range of other solutions. A crucial safety mechanism called HIPPS guards against overpressure incidents on high-pressure machinery and pipes, enhancing safety and reducing risk in industrial processes.

With operations across the globe and clients in a range of industries, including rail, oil & gas, energy, and chemicals, HIMA is a well-known and top supplier of safety solutions. The business specialises in creating cutting-edge safety solutions that improve safety protocols while also addressing issues with cybersecurity and manufacturing plant profitability that are brought on by the digital era.

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With a strong market position and a proven track record, HIMA has installed over 35,000 TÜV-certified safety systems globally, demonstrating its dedication to providing its clients with trustworthy and approved safety solutions.

HIMA uses partnerships and expansion as its main strategy to keep a competitive edge in the industry. These tactics give the business the ability to expand into new markets, connect with new customers, and win over investors. Additionally, HIMA concentrates on inorganic growth through contracts and partnerships, enabling it to expand its skills and seize new chances. 

Other Key Players in the HIPPS Market include Mogas Industries (US), Velan, Inc. (Canada), Paladon Systems (UK), Severn Glocon Group (UK), IMI plc (UK), British Engines (UK), SAMSON GROUP (Germany), Larsen & Toubro (L&T, India), PetrolValves S.p.A. (Italy), ProControl (Italy), ValvTechnologies Inc. (US), Pietro Fiorentini S.p.A (Pietro Fiorentini, Italy), Frames Group (Netherlands), and DAFRAM S.p.A. (Italy).

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