High Integrity Pressure Protection System (HIPPS) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Field Initiator, Logic Solver, Valve, Actuator), By Service (Maintenance And Testing, Inspection & Certification, Training & Consulting), By End-User (Oil And Gas, Chemicals, Food And Beverages, Other), And By Geography - Forecasts From 2021 To 2026

  • Published : May 2023
  • Report Code : KSI061614143
  • Pages : 120

The High-Integrity Pressure Protection System (HIPPS) market was valued at US$518.638 million in 2021 and is growing at a CAGR of 7.31% to reach US$ 849.956 million by 2028.

The market revolves around the development, production, and commercialization of systems specifically designed to avert overpressure incidents in critical process equipment. HIPPS serves as a safeguard, ensuring that pressure levels remain within safe operating limits and thereby mitigating the risk of accidents or catastrophic failures. The market primarily caters to industries engaged in high-pressure processes, such as oil and gas, chemical, pharmaceutical, power generation, and refining, where HIPPS plays a pivotal role in ensuring operational safety. Several drivers propel the growth of the HIPPS market. Notably, stringent safety regulations and standards mandated by governmental bodies and industry associations underscore the imperative for reliable pressure protection systems. The expansion of industries, particularly in emerging economies, such as oil and gas, chemical processing, and power generation, also contributes to the market's upward trajectory.

The high-integrity pressure protection system (HIPPS) market offers various service types to meet the needs of clients. These services include design and engineering, installation and commissioning, maintenance and support, training and consultation, upgrades and retrofitting, monitoring and remote services, and system integration. The demand for these services is driven by industry regulations, safety standards, technological advancements, and the growth of industries such as oil and gas, refining, and chemicals.

The high-integrity pressure protection system market is driven by the expansion of high-pressure industries and rising stringent government safety regulations.

Expansion of high-pressure industries- The continuous expansion of industries dealing with high-pressure processes contributes to the growth of the HIPPS market. Sectors such as oil and gas, chemical processing, power generation, and refining are expanding globally, particularly in emerging economies. These industries require effective pressure protection systems to ensure the safety and reliability of their operations. As the demand for high-pressure applications increases, so does the need for HIPPS solutions.

Rising stringent government safety regulations-The presence of stringent safety regulations imposed by government bodies and industry associations significantly benefits this market. These regulations require industries to implement robust safety measures, including pressure protection systems, to prevent accidents and ensure compliance. The increasing focus on safety standards drives the demand for HIPPS solutions, as companies strive to meet regulatory requirements and mitigate potential risks. For instance, the European Union's ATEX directive mandates the use of pressure protection systems like HIPPS in industries operating in potentially explosive atmospheres. International standards such as IEC 61511 provide guidelines for the functional safety of HIPPS, while regulations like the UK's COMAH and offshore industry-specific requirements underscore the need for HIPPS in managing major accident risks. These government regulations emphasize the importance of implementing HIPPS to meet safety and compliance requirements, driving the market's growth and adoption.

However, the HIPPS market encounters certain restraints. The substantial upfront costs associated with installation and maintenance may pose a challenge, particularly for small and medium-sized enterprises seeking to adopt HIPPS solutions. Additionally, the complexity of integrating HIPPS into existing process systems and the demand for skilled professionals proficient in operating and maintaining these systems may impede market growth. Despite these challenges, the HIPPS market continues to thrive due to its fundamental role in upholding operational safety and meeting regulatory compliance. With the relentless expansion of high-pressure industries worldwide, the demand for HIPPS solutions is expected to persist, driving innovation and further advancements in the field.

Key developments.

  • In October 2021, Emerson unveiled a groundbreaking valve configuration that satisfies the criteria of Safety Integrity Level (SIL) 3 in accordance with the IEC 61508 specification. The Fisher Digital Isolation triple offset valve offering is specifically engineered for essential safety instrumented system (SIS) implementations. These SIL-certified valve assemblies, developed as part of Emerson's Digital Isolation technology, enhance performance specifications in safety instrumented systems by up to 50%. This launch signifies a significant advancement in High-Integrity Pressure Protection Systems (HIPPS) by offering fully tested and certified valve assemblies for improved safety and reliability.

North America accounted for a significant share of the global high-integrity pressure protection system market.

Based on geography, the high-integrity pressure protection system market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America is a key market for high-integrity pressure protection systems (HIPPS) due to its well-established oil and gas industry, stringent safety regulations, and emphasis on risk reduction. For instance, in the United States, OSHA's Process Safety Management Standard requires industries dealing with hazardous chemicals to implement comprehensive safety programs, including HIPPS, to prevent overpressure incidents and ensure worker safety. The region's robust energy sector, including oil and gas production, refining, and petrochemical facilities, drives the demand for reliable safety systems. Compliance with strict regulations set by regulatory bodies such as OSHA and EPA further fuels the adoption of HIPPS solutions. Technological advancements, including digitalization and automation, contribute to the increased adoption of smart safety systems. With established players in the market, North America presents a favorable landscape for HIPPS, poised for further growth as the industry prioritizes safety and operational efficiency.

High Integrity Pressure Protection System (HIPPS) Market Scope:

Report Metric Details
 Market size value in 2019  US$517.894 million
 Market size value in 2026  US$916.155 million
 Growth Rate  CAGR of 8.49% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments Covered  Component, Service, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Schneider Electric SE, Rockwell Automation, ABB Ltd., Emerson Electric Company, Schlumberger Limited, General Electric Company, Siemens AG, Honeywell, Yokogawa Electric, Hima, Mokveld Valves
 Customization scope  Free report customization with purchase


Key Market Segments

  • By Component
    • Field Initiator
    • Logic Solver
    • Valve
    • Actuator
  • By Service
    • Maintenance and Testing
    • Inspection & Certification
    • Training & Consulting
  • By End-User
    • Oil and Gas
    • Chemicals
    • Food and Beverages
    • Other
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • U.K
      • Germany
      • Italy
      • France
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the high integrity pressure protection system market size by 2026?
A1. The global high integrity pressure protection system market is expected to reach a market size of US$916.155 million in 2026.

Q2. What is the size of the global high integrity pressure protection system (HIPPS) market?
A2. High Integrity Pressure Protection System (HIPPS) Market was valued at US$517.894 million in 2019.

Q3. What are the growth prospects for the high integrity pressure protection system market?
A3. The high integrity pressure protection system market is expected to grow at a CAGR of 8.49% over the forecast period.

Q4. What factors are anticipated to drive the high integrity pressure protection system (HIPPS) market growth?
A4. Market players concentrate on creating new products and technologies that can fuel the HIPPS market growth in the coming years.

Q5. Which region holds the maximum market share of the high integrity pressure protection system market?
A5. Asia Pacific region to witness lucrative growth in the high integrity pressure protection system (HIPPS) market.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Data

2.2. Assumptions


3.1. Research Highlights


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Field Initiator

5.3. Logic Solver

5.4. Valve

5.5. Actuator


6.1. Introduction

6.2. Maintenance and Testing

6.3. Inspection & Certification

6.4. Training & Consulting


7.1. Introduction

7.2. Oil and Gas

7.3. Chemicals

7.4. Food and Beverages

7.5. Other


8.1. Introduction 

8.2. North America

8.2.1. U.S.

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. U.K

8.4.2. Germany

8.4.3. Italy

8.4.4. France

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Israel

8.5.2. Saudi Arabia

8.5.3. Others

8.6. Asia-Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Others


9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix


10.1. Schneider Electric SE

10.2. Rockwell Automation

10.3. ABB Ltd.

10.4. Emerson Electric Company

10.5. Schlumberger Limited

10.6. General Electric Company

10.7. Siemens AG

10.8. Honeywell

10.9. Yokogawa Electric

10.10. Hima, Mokveld Valves

Schneider Electric SE

Rockwell Automation

ABB Ltd.

Emerson Electric Company

Schlumberger Limited

General Electric Company

Siemens AG


Yokogawa Electric

Hima, Mokveld Valves