Middle East and Africa High-Integrity Pressure Protection System (HIPPS) Market, By Type (Electronics HIPPS, Hydraulic/Mechanical HIPPS, Others), Offerings (Services, Components), Industry (Power Generation, Water and Wastewater, Food and Beverages, Pharmaceutical, Metal and Mining, Paper and Pulp, Others), End User (Upstream, Downstream and Mid-Stream, Oil and Gas, Chemicals) – Industry Trends and Forecast to 2030.
Middle East and Africa High-Integrity Pressure Protection System (HIPPS) Market Analysis and Size
A safety instrumented system, the high integrity pressure protection system, was developed to avoid overpressure during upstream operations. This system is necessary for the oil and gas, and electricity sectors. It acts as a barrier between a process plant's high- and low-pressure sides and as a source shutoff to stop a plant from over-pressurizing by venting excess pressure outside. Since these systems are more complex, it takes several devices to operate effectively for one pressure relief device to operate at its peak performance. The user must also ensure that the installation and design of the system are safer than those of conventional systems and yield better results.
Data Bridge Market Research analyses that the high-integrity pressure protection system (HIPPS) market, valued at USD 66.93 million in 2022, will reach USD 125.74 million by 2030, growing at a CAGR of 8.2% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa High-Integrity Pressure Protection System (HIPPS) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Electronics HIPPS, Hydraulic/Mechanical HIPPS, Others), Offerings (Services, Components), Industry (Power Generation, Water and Wastewater, Food and Beverages, Pharmaceutical, Metal and Mining, Paper and Pulp, Others), End User (Upstream, Downstream and Mid-Stream, Oil and Gas, Chemicals)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Honeywell International, Inc. (U.S.), Siemens AG (Germany), Wagner Group Gmbh (Germany), Hochiki Corporation (Japan), Halma Plc. (U.K.), Apollo Fire Detectors Limited (U.K.), Robert Bosch Gmbh (Germany), EUROFYRE LTD. (U.K.), Detectomat Systems GmbH (Germany), Ceasefire Industries Pvt. Ltd (India), Johnson Controls (Ireland), Napco Security Technologies, Inc. (U.S.), Zeta Alarm ltd (U.K.), Libelium Comunicaciones Distribuidas S.L (Spain), Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric (France), Baker Hughes Company (U.S.)
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Market Opportunities
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Market Definition
The high-intensity pressure protection system (HIPPS) is a safety instrumented system (SIS). The high-intensity pressure protection system is designed to avert any potentially hazardous situation brought on by increased pressure. As in the strain caused by a pipeline obstruction. HIPPS is merely a functional loop with various components, such as an initiator that detects high pressure. After processing the input from the initiator, the final element receives the output from the logic solver. In the final element, solenoids control the valve.
High-Integrity Pressure Protection System (HIPPS) Market Dynamics
Drivers
- The increasing need to reduce venting and flaring drives the market
Gas flaring occurs at oil and gas production facilities during scheduled maintenance, equipment repairs, or shutdown events. This technology makes the gas collection and processing systems' controlled pressure releases possible. In order to maintain pressures and guarantee secure and effective operations throughout industrial plants. However, gas flaring has recently grown to be a significant issue in businesses that support pressurized systems and ensure secure and effective operations, which helps create a surge in the HIPPS market.
- Accidents at the growing plants cause a market upswing
Mechanical relief devices are frequently needed when connecting new gas production sources to a gas plant facility in order to protect gas production facilities or pipelines. The protection of the pipeline against potential overpressure that could lead to the release of hydrocarbons into the atmosphere or the unintentional burning of these hydrocarbons via a flare system is necessary for new production sources connected to existing pipelines. The market is expanding in anticipation of more government regulations defending the security and safety of industrial facilities as a result of an increase in accidents at those facilities.
Opportunities
- Expansion of petrochemical and refinery facilities generates profitable expansion
Developing and developed nations experience consistent growth in the industrial sector, including the oil, gas, and chemical industries. The petrochemical industry currently meets 12% of the world's feedstock requirements, and it is anticipated that this percentage will rise as demand for fertilizers, plastics, and other goods rises. The demand for high-integrity pressure protection systems will increase due to numerous projects planned for the transportation and production of oil and gas.
- Lower transportation and storage costs create growth
Using a high-integrity pressure protection system lowers the cost of transportation and storage because of the decrease in volume and weight. High-integrity pressure protection systems are becoming more popular because they are also used to prevent overpressure in vessels further down the line as, there is no longer a requirement to install relief devices to prevent atmospheric gas emissions because HIPPS is capable of handling transportation and storage costs.
Restraints/Challenges
- The complicated design of HIPPS has slowed market expansion
When numerous applications are in charge of a system, it can be challenging for system designers to develop safety systems that follow the functional safety requirements. Engineers must create systems that prevent hardware and software failure because recurrent issues like these can hurt the market.
- HIPPS's high price prevents the market from growing
HIPPS components, maintenance, installation, and repair are significant financial burdens for businesses. While large corporations can control these costs, small and medium-sized businesses may find it difficult. Logic solvers, field initiators, pressure transmitters, and valves and actuators are the four final elements of the high-integrity pressure protection system (HIPPS), which assembles safety items. The costs of HIPPS components, buildings, maintenance, and repair place a significant financial burden on businesses, which limits market expansion.
This high-integrity pressure protection system (HIPPS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high-integrity pressure protection system (HIPPS) market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2021, the first complete valve assemblies meeting safety level (SIL) 3 AS PER HE IEC 61508 standard of the international electro technical commission were introduced by Emerson.
- In 2021, a solution to identify whether actual opertaing performance meets safety design targets, yokogawa introduced its new Electric Exauquantum safety function monitoring (SFM) SOFTWARE. The updated software complies with IEC 61511 standards and adds a number of new features to assist SFM users in identifying potential safety issues, optimizing maintenance tasks, and enhancing overall safety solution design.
- In 2020, MOGAS Industries Inc. acquired Watson Valve, a maker of service valves with headquarters in the United States, to provide coating and pressure control-related repairs and services. Every year, Watson Valve installs more than 3,400 valves worldwide in the mining, chemical, and oil and gas industries.
- In 2020, Emerson debuted the ASCO 158 Gas Valve Series and the 159 Motorized Actuator. ASCO developed new valves especially for boiler burner applications. End users and distributors now have access to a new combustion safety shutdown valve option that improves flow and control while boosting safety and dependability.
Middle East and Africa High-Integrity Pressure Protection System (HIPPS) Market Scope
The high-integrity pressure protection system (HIPPS) market is segmented on the basis of type, offerings, industry and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Electronics HIPPS
- Hydraulic/Mechanical HIPPS
- Others
Offerings
- Services
- Testing, Inspection and Certification
- Maintenance
- Training and Consolation
- Components
- Field Initiators
- Logic Solver
- Solid State
- Others
- Final Element
- Actuators
- Valve
Industry
- Power Generation
- Water and Wastewater
- Food and Beverages
- Pharmaceutical
- Metal and Mining
- Paper and Pulp
- Others
End user
- Upstream
- Down Stream
- Mid-stream
- Oil and Gas
- Chemicals
High-Integrity Pressure Protection System (HIPPS) Market Regional Analysis/Insights
The high-integrity pressure protection system (HIPPS) market is analysed and market size insights and trends are provided by country, type, offerings, industry and end user as referenced above.
The countries covered in the high-integrity pressure protection system (HIPPS) market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Saudi Arabia dominates the market and will continue to flourish its trend of dominance during the forecast period in Middle East and Africa region. The major factors attributable to the region’s dominance are that natural gas consumption has increased due to growing government concern over reducing environmental carbon monoxide emissions. This factor increases Saudi Arabia's production capacity, which raises demand for the HIPPS system.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High-Integrity Pressure Protection System (HIPPS) Market Share Analysis
The high-integrity pressure protection system (HIPPS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high-integrity pressure protection system market.
Some of the major players operating in the high-integrity pressure protection system (HIPPS) market are:
- Honeywell International, Inc. (U.S.)
- Siemens AG (Germany)
- Wagner Group Gmbh (Germany)
- Hochiki Corporation (Japan)
- Halma Plc. (U.K.)
- Apollo Fire Detectors Limited (U.K.)
- Robert Bosch Gmbh (Germany)
- EUROFYRE LTD. (U.K.)
- Detectomat Systems GmbH (Germany)
- Ceasefire Industries Pvt. Ltd (India)
- Johnson Controls (Ireland)
- Napco Security Technologies, Inc. (U.S.)
- Zeta Alarm ltd (U.K.)
- Libelium Comunicaciones Distribuidas S.L (Spain)
- Emerson Electric Co. (U.S.)
- Yokogawa Electric Corporation (Japan)
- HIMA (Germany)
- Rockwell Automation Inc.(U.S.)
- Schneider Electric (France)
- Baker Hughes Company (U.S.)
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