ABB, Emerson Electric Co, Siemens are Dominating the Global High-Integrity Pressure Protection System (HIPPS) Market in 2019

Global High-Integrity Pressure Protection System (HIPPS) Market is expected to grow with the CAGR of 8.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global high-integrity pressure protection system (HIPPS) market is a strongly growing market, which includes specific number of key players as well as local players. The market has witnessed increase in various strategic developments owing to favourable market scenario.

The major players dealing in global high-integrity pressure protection system (HIPPS) market are introducing strong range of product portfolio. This helped company to maximize the sales with enhance product portfolio. For instance,

• In September 2017, ADM Company introduced new products for the market under safety instrumented system solutions. The new DeltaV SIS solution is introduced for the buildings to manage high-integrity pressure protection system (HIPPS), fire and gas detection and other applications. The company is introducing the new products to meet the demand of safety needs of the customer, through this launch the company would strengthen their product portfolio and increase customer base.

ABB is the dominating player in high-integrity pressure protection system (HIPPS) market, which is followed by Emerson Electric Co, Siemens, Yokogawa Electric Corporation, Schneider Electric, Rockwell Automation, Inc, HIMA, ABB, Schlumberger Limited, ATV Hipps, MOGAS Industries, Inc., Paladon Systems Ltd., Pietro Fiorentini S.p.a, L&T Valves Limited, IMI plc, Mokveld Valves, DAFRAM S.p.A, Frames, PetrolValves, BEL Valves Limited, ProControl, ValvTechnologies, Severn Glocon Group, ATV Hipps among others.

ABB

ABB headquartered in Zurich, Switzerland which was founded in 1988. The company performs its business from segments such as electrification products, industrial automation, robotics and motion. The company is engaged in supporting digital transformation of industries, by offering different type of products in motion, industrial automation, robotics, discrete automation and electrification. The market focused products are derived from industrial automation segment.  The company is investing huge amount of capital to develop new products for the market. The company offers its products in several categories such as control systems, electric vehicle charging infrastructure, enterprise software, facts, grid edge solutions, HVDC, marine vessels, network management, operations management software, power consulting, power electronics, safety, substation automation, protection and control, substations and electrification, turbocharging, ups and power conditioning.

• In March 2019, ABB has enhanced their offering for the customer by upgrading the ABB Ability System 800xA. The new updated system consist high integrity controllers, new Ethernet I/O solutions and additional engineering tools to improve the project performance. Through this, the company has enhanced their offering for the customers which helped company to increase revenue generation.

The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ABB Australia (Australia), ABB Stotz-Kontakt (Germany), Power-One, Inc.( U.S.), ABB Enterprise Software Inc. (U.S.), Los Gatos research (U.S.) among others.

EMERSON ELECTRIC CO

EMERSON ELECTRIC CO headquartered in Missouri, U.S. which was founded in 1890. The company performs its business from segments such as automation solutions, commercial & residential solutions. The products offered are measurement instrumentation, valves, Actuators and regulators, fluid control & pneumatics, control & safety systems, assets management, operations and business managements, electrical components & lighting, welding assembly & cleaning and services & consulting & training. The company engaged in manufacturing and providing innovative solutions for customers in industrial, commercial, and residential markets. .

For instance,

• In September, 2017, Emerson Electric Co developed new product DeltaV SIS which is a designed to ease the operating of safety instrumented system. The product is used for burner management, fire and gas detection, high-integrity pressure protection system (HIPPS) and other applications. The company is strengthening their product portfolio with new product development which also helps them to increase their presence in the market.

The company has wide global presence across the globe such as North America, Asia-Pacific, Europe, Latin America, Middle East / Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such Rosemount Inc (U.S), RIDGID (U.S.), InSink Erator (U.S.), Greenlee (U.S.), ClosetMaid Corp (U.S.) among others.

Siemens

Siemens has headquartered in Munich, Germany and it was founded in 1847. The company has a strong product portfolio under solution categories such as aerospace, automotive, battery manufacturing, chemical industry, cement, cranes, data centers, distributors, fiber industry, food & beverage, glass, machinery and plant, construction, marine, mining, municipalities and DSOS, oil & gas, panel building, pharmaceutical industry, power utilities, tire manufacturing, transportation and logistics, water industry, wind equipment. The company manufactures and engineers systems of power generation, transmission and medical diagnostics and also offers solutions for automation, electrification and digitalization. The company is focused towards the new products developments to increase their revenues.

For instance,

• In November, 2017, Siemens extended their product portfolio by offering new product such as flexible safety instrumented system. The system is supportive to use in the emergency shutdown systems, high-integrity pressure protection system (HIPPS), burner management systems and other applications ultimately it helped company to increase their sale in global market.

The company has wide global presence across the globe such as North America, Latin America, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Adwen Blades GmbH (Germany), Adwen GmbH (Germany), Airport Munich Logistics and Services GmbH (Germany), Alpha Verteilertechnik GmbH (Germany), SIEMENS MOBILITY LIMITED (U.S.) and Siemens Gas and Power Limited (U.S.) among others.