Global High-integrity Pressure Protection System Market Size & Outlook
The global high-integrity pressure protection system market size was estimated at USD 456.8 million in 2023 and is projected to reach USD 743.6 million by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$456.8
Forecast, 2030 (US$M)
$743.6
CAGR, 2024 - 2030
7.2%
Report Coverage
Worldwide
Global high-integrity pressure protection system market, 2018-2030 (US$M)
Related Markets
Global high-integrity pressure protection system market highlights
- The global high-integrity pressure protection system market generated a revenue of USD 456.8 million in 2023 and is expected to reach USD 743.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
- In terms of segment, electronic hipps accounted for a revenue of USD 456.8 million in 2023.
- Electronic HIPPS is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 456.8 million |
| Market revenue in 2030 | USD 743.6 million |
| Growth rate | 7.2% (CAGR from 2024 to 2030) |
| Largest segment | Electronic hipps |
| Fastest growing segment | Electronic HIPPS |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic HIPPS |
Other key industry trends
- In terms of revenue, the North America accounted for 24.3% of the global high-integrity pressure protection system market in 2023.
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High-Integrity Pressure Protection System Market Scope
High-integrity pressure protection system market segmentation & scope
Offering
Component
Services
End Use
Oil & Gas
Power Generation
Chemical
Water & Wastewater
Food & Beverage
Pharmaceutical
Other End Use
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
South Africa
Saudi Arabia
UAE
High-Integrity Pressure Protection System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Yokogawa Electric Corp. | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.yokogawa.com |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Halma PLC | View profile | 8000 | Rectory Way, Misbourne Court, Amersham, Buckinghamshire, United Kingdom, HP7 0DE | https://www.halma.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global high-integrity pressure protection system market size, by regions, 2018-2030 (US$M)
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