High-Integrity Protection System (HIPPS) Market is accelerating with factors such as stringent regulation norms set by government for oil and gas industry and increased preference to HIPPS to replace the traditional safety systems.
High-integrity protection system (HIPPS) market has shown an exceptional penetration in countries such as U.S., China and Russia. New developments in the products such as increased offering for offshore oil and gas production is creating opportunity for the global high-integrity pressure protection system (HIPPS) market.
High-Integrity Protection System (HIPPS) Market Scenario
According to Data Bridge Market Research the market for high-integrity pressure protection system in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is ABB accounts an estimated market share of approximately 30% to 40% in Americas. The company has gained outstanding sale through their new product development and geographical expansion strategy for global markets. The company has increased sales of their control systems product line, thereby resulting in generation of increased revenue with increased customer base. On other hand, the market for substation automation, protection and control and other products are increasing at a significant rate, which creates lucrative opportunities for ABB across the globe.
- In March, 2019, ABB Company enhanced their ABB Ability System 800xA with new upgrades such as high integrity controllers, additional engineering tools and others. The company is introducing the new products to meet the demand of oil and gas, power and other industrial customers, through this the company would strengthen their product portfolio and increase customer base.
Trends Impacting the Market
Now the question is which other regions ABB, Emerson Electric Co. and Siemens are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific high-integrity protection system (HIPPS) market and the market leaders targeting India, Japan and China to be their next revenue pockets for 2020.
The high-integrity protection system (HIPPS) market is becoming more competitive every year with companies such as ABB, Emerson Electric Co. and Siemens are the market leaders for high-integrity pressure protection system. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the high-integrity pressure protection system (HIPPS) market.
For more analysis on the high-integrity protection system (HIPPS) market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-high-integrity-pressure-protection-system-hipps-market
High-Integrity Protection System (HIPPS) Market Developments
- In January 2019, ValvTechnologies introduced new products for which is integrated with high integrity pressure protection system (HIPPS). This new product helped company to increase their customer base from oil and gas industry by providing optimum solution to replace the inefficient traditional systems.
- In January 2019, The Paladon Systems Ltd. increased production capabilities by their newly formed manufacturing facility. The new product development and expansion of production for high-integrity pressure protection system helped company to increase the market share.
Scope of the High-Integrity Pressure Protection System (HIPPS) Market
High-integrity protection system (HIPPS) market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, U.K., Germany, France, Netherlands, Switzerland, Italy, Spain, Belgium, Russia, Turkey and Rest of Europe in Europe, China, Japan, India, Australia, Singapore, South Korea, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific in Asia- Pacific, Brazil, Argentina, Rest of South America in South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East & Africa in Middle East & Africa.
All country based analysis of the high-integrity protection system (HIPPS) market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into electronics HIPPS and hydraulic/mechanical HIPPS. Based on offering, the market is segmented into component and services. On the basis of industry, the market is segmented into oil & gas, water & wastewater, power generation, chemical, food and beverages, pharmaceutical, metal & mining, paper & pulp and others.
The high-integrity pressure protection system is used to control the excessive pressure in the oil and gas operation. It acts as replacement for the traditional functional safety system by providing enhanced efficiency, reduced emission and other. Increased demand for the offshore applications is further augmenting the use of high-integrity pressure protection system. Thus, market is witnessing strong products offering with improved market coverage.
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Key Pointers Covered in the Global High-Integrity Protection System (HIPPS) Market Industry Trends and Forecast to 2027
- Market Size
- Parent Market Analysis
- Market Shares in different regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
Key Market Competitors Covered in the Report
- Emerson Electric Co
- Yokogawa Electric Corporation
- Schneider Electric
- Rockwell Automation
- HIMA
- ABB
- Siemens
- Schlumberger Limited ATV Hipps
- MOGAS Industries
- Paladon systems Ltd.
- Pietro Fiorentini S.p.a
- LARSEN & TOUBRO LIMITED
- IMI plc
- Mokveld Valves BV
- DAFRAM S.p.A
- Frames
- Petrovalves
- BEL Valves Limited
- ProControl
- ValvTechnologies
- Severn Glocon Group
- ATV Hipps
Above are the key players covered in the report to know about more and exhaustive list of high-integrity pressure protection system (HIPPS) companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-high-integrity-pressure-protection-system-hipps-market
Research Methodology: Global High-Integrity Pressure Protection System (HIPPS) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturers, Oil and Gas Plant Operators, Engineers, among others
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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