About high-integrity pressure protection system
HIPPS is a type of safety instrumented system (SIS) that is used to safeguard a process to prevent a catastrophic release of flammable, toxic or explosive chemicals. Traditionally, in industrial plants, flare or relief systems are used for burning off flammables gases that are released through pressure relief valves during unplanned over-pressurization of plant equipment.
Analysts forecast the global high-integrity pressure protection system market to grow at a CAGR of 7.4% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-integrity pressure protection system market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales and the aftermarket services of HIPPS in the oil and gas, chemicals and petrochemicals, pharmaceuticals, power, metal and mining, and foods and beverages industries.
The market is divided into the following segments based on geography:
Global High-Integrity Pressure Protection System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
â€¢ Schneider Electric
â€¢ Rockwell Automation
â€¢ Yokogawa Electric
Other prominent vendors
â€¢ Emerson Electric
â€¢ Esoterica Automation
â€¢ Honeywell Process Solutions
â€¢ Johnson Controls
â€¢ Tyco International
â€¢ Rise in midstream infrastructure
â€¢ For a full, detailed list, view our report
â€¢ Capital expenditure cuts by major oil and gas industry
â€¢ For a full, detailed list, view our report@ https://www.reportsandmarkets.com/reports/1036714-global-high-integrity-pressure-protection-system-market-2017-2021
â€¢ Introduction of safety PLC
â€¢ For a full, detailed list, view our report.
Key questions answered in this report
â€¢ What will the market size be in 2021 and what will the growth rate be?
â€¢ What are the key market trends?
â€¢ What is driving this market?
â€¢ What are the challenges to market growth?
â€¢ Who are the key vendors in this market space?
â€¢ What are the market opportunities and threats faced by the key vendors?
â€¢ What are the strengths and weaknesses of the key vendors?
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