How big is the HIPPS Market?

The HIPPS Market size is expected to reach USD 654.24 million in 2024 and grow at a CAGR of 8.22% to reach USD 971.12 million by 2029. Read More

What is the current HIPPS Market size?

In 2024, the HIPPS Market size is expected to reach USD 654.24 million. Read More

Who are the key players in HIPPS Market?

Rockwell Automation, Emerson Electric Co., Yokogawa Electric Corporation , Siemens AG and Schneider Electric are the major companies operating in the HIPPS Market. Read More

Which is the fastest growing region in HIPPS Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in HIPPS Market?

In 2024, the Asia Pacific accounts for the largest market share in HIPPS Market. Read More

What years does this HIPPS Market cover, and what was the market size in 2023?

In 2023, the HIPPS Market size was estimated at USD 604.55 million. The report covers the HIPPS Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HIPPS Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

High Integrity Pressure Protection System Market - HIPPS

High Integrity Pressure Protection System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global High Integrity Pressure Protection System Market is Segmented by Type (Components, Services), End-user Industry (Oil and Gas, Chemicals, Power, Metal and Mining, Food and Beverages, Other Process Industries), and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

High Integrity Pressure Protection System Industry Overview

The high integrity pressure protection system (HIPPS) market is moderately competitive and consists of a significant number of global and regional players. These players account for a considerable share in the market and focus on expanding their customer base. These vendors focus on the research and development activities, strategic partnerships, and other organic & inorganic growth strategies to earn a competitive edge over the forecast period.

July 2020 - MOGAS Industries, Inc. acquired the assets of Watson Valve, a US-based manufacturer of severe service valves, in order to have repairs and coating services. Watson Valve has a global install base of more than 3,400 valves, majorly in the mining industry, and encompasses the chemical and oil & gas industries.