HIPPS Market Momentum: A Deep Dive into Oil & Gas Industry Demand
The High-Integrity Pressure Protection System (HIPPS) Market is expected to increase significantly over the next several years, with a predicted revenue of USD 484 million in 2022 and USD 670 million by 2027. According to a MarketsandMarkets research analysis, this increase has a strong Compound Annual Growth Rate (CAGR) of 6.7%. When the HIPPS market is broken down into its component parts—field initiators, logic solvers, valves, actuators—and its vast range of services—maintenance, Testing, Inspection, and Certification (TIC)—it becomes clear that the market is widely used in sectors like chemicals and oil and gas. The research highlights the system's important role in providing high-integrity pressure protection across critical sectors and lays out a roadmap of continual expansion. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249295352 The needs of the oil and gas and chemical industries are the main drivers of the growing need for High-Int