PUBLISHER: QYResearch | PRODUCT CODE: 1872088
PUBLISHER: QYResearch | PRODUCT CODE: 1872088
The global market for High-Integrity Pressure Protection System was estimated to be worth US$ 587 million in 2024 and is forecast to a readjusted size of US$ 851 million by 2031 with a CAGR of 5.9% during the forecast period 2025-2031.
A high-integrity pressure protection system (HIPPS) is a type of safety instrumented system (SIS) designed to prevent over-pressurization of a plant, such as a chemical plant or oil refinery. The HIPPS will shut off the source of the high pressure before the design pressure of the system is exceeded, thus preventing loss of containment through rupture (explosion) of a line or vessel. Therefore, a HIPPS is considered as a barrier between a high-pressure and a low-pressure section of an installation.
The main market drivers include the following:
Increased industry safety needs
High-risk industry dependence: High-risk industries such as petrochemicals, power, and nuclear industries have increasingly stringent requirements for equipment safety performance. As a key safety device, HIPPS can quickly cut off the fluid when the pressure is abnormal to prevent accidents, so the demand continues to grow.
Accident prevention needs: The frequent occurrence of industrial accidents around the world has prompted companies to increase their investment in safety systems. The HIPPS system effectively reduces the risks caused by excessive pressure through real-time monitoring and automatic control.
Promotion by regulations and standards
International standard requirements: According to the international standard ISO 16528, the HIPPS system is defined as "an automatic protection system that prevents the pressure of pressure vessels, pipelines or systems from exceeding the design limit." This standard prompts companies to adopt safety systems that meet the specifications.
Domestic policy support: The Chinese government has promoted the localization of HIPPS technology through policy support and capital investment. For example, the National Pipeline Network Group cooperated with Zhongkong Technology to realize the commissioning of the first domestically produced HIPPS control system in China.
Technological progress and innovation
Intelligent transformation: The HIPPS system is gradually integrating advanced technologies such as the Internet of Things, big data, and artificial intelligence, and transforming towards intelligence and networking. For example, the intelligent HIPPS system can analyze equipment operation data in real time, predict potential failures, and achieve preventive maintenance.
Application of new materials: The application of new materials improves the reliability and durability of the HIPPS system, enabling it to operate stably in complex environments such as high temperature, high pressure, flammable and explosive.
Environmental protection policies are becoming stricter
Environmental protection regulations promote: With the increase of global environmental awareness, environmental protection regulations have increasingly stringent requirements for leakage prevention and pollution prevention in the industrial field. The leakage protection function of the HIPPS system in the process of treating industrial wastewater and exhaust gas has made its application in the field of environmental protection gradually widespread.
Carbon capture and new energy: In new energy projects such as carbon capture and hydrogen energy, the HIPPS system is a key safety equipment, and the demand has increased accordingly.
Energy demand growth
Global energy demand is rising: The rapid development of fossil energy industries such as oil and natural gas has increasingly stringent requirements for equipment safety performance, and the demand for HIPPS as a key safety equipment in these industries has also increased accordingly.
Emerging market expansion: With the acceleration of global industrialization, the demand for HIPPS systems in emerging markets such as Southeast Asia and Africa has gradually been released.
The high integrity pressure protection system (HIPPS) market has shown a steady growth trend worldwide, driven by factors including the increase in industry safety needs, the promotion of regulatory standards, technological progress and innovation, stricter environmental protection policies, and increased energy demand.
In the future, with the continued growth of global energy demand and increasingly stringent environmental protection regulations, the HIPPS market will usher in a broader development space. At the same time, the continuous advancement of technology and the reduction of costs will drive the HIPPS system to gradually expand into more fields, such as new energy, intelligent manufacturing, etc., providing more comprehensive and efficient safety protection for these industries.
This report aims to provide a comprehensive presentation of the global market for High-Integrity Pressure Protection System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of High-Integrity Pressure Protection System by region & country, by Type, and by Application.
The High-Integrity Pressure Protection System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High-Integrity Pressure Protection System.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of High-Integrity Pressure Protection System company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of High-Integrity Pressure Protection System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of High-Integrity Pressure Protection System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.