出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2022年02月
高度圧力保護システム（HIPPS）市場：コンポーネント（フィールドイニシエーター、ロジックソルバー、バルブ、アクチュエーター）、サービス（メンテナンス、TIC）、産業（石油・ガス、化学）、地域別 – 2027年までの世界予測
High-Integrity Pressure Protection System (HIPPS) Market with COVID-19 Impact Analysis by Component (Field Initiator, Logic Solver, Valves, Actuators), Service (Maintenance, TIC), Industry (Oil & Gas, Chemical) and Region – Global Forecast to 2027
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| 種別 | 英文調査報告書 |
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The global High-Integrity Pressure Protection System (HIPPS) market size was valued at USD 484 million in 2022 and is projected to reach USD 670 million by 2027. It is expected to grow at a CAGR of 6.7% during the forecast period. The high demand for HIPPS is accounted from oil & gas industry in North American Region as the region is have implemented safety regulations and major oil companies have their operations in US and Canada. The HIPPS market in APAC is expected to grow at the highest CAGR owing to the increasing number of oil and gas refineries and significant growth in the chemicals industry in the region.
“Market for services to grow at the highest CAGR from 2022 to 2027.”
Demand for services is likely to grow at a higher CAGR in the HIPPS market owing to the increasing adoption of these systems in greenfield projects. Maintenance services are expected to continue to hold the largest size of the HIPPS market based on service offerings, followed by testing, inspection, and certification (TIC) services.
Maintenance is a critical factor in the overall life cycle of HIPPS. After the installation of HIPPS, end-users have to maintain the SIF and SIL level throughout the life cycle of HIPPS. Preventive and corrective maintenance services are offered directly by the manufacturers and system integrators of HIPPS solutions. The market for TIC services is likely to register the highest CAGR in the HIPPS market. To improve the quality and reliability of components and configurations, HIPPS is inspected regularly for discontinuities, defects, or any other faults that might reduce its operational reliability, leading to failure.
“Market for chemicals industry to grow at highest CAGR during the forecast period”
Safety and reliability are critical factors for the chemicals industry. For reliable and accurate workflow in this industry, the functional safety of plants is necessary. The chemicals industry involves inherent risks due to the presence of dangerous materials such as volatile gases and chemicals. Every year, several workers are injured, affected, or killed because of the exposure to harmful chemical substances. These incidents cause human suffering, loss of production, and high medical costs. Chemical companies are increasingly implementing HIPPS to comply with stringent safety regulations and reduce gas flaring. Owing to this, the market for HIPPS in the chemicals industry is likely to grow at the highest CAGR during the forecast period
“Market in APAC to grow at fastest CAGR during the forecast period”
The HIPPS market in APAC is expected to grow at the highest CAGR owing to the increasing number of oil and gas refineries and significant growth in the chemicals industry. APAC presents a high potential for installation of HIPPS in the oil & gas, chemicals, and power generation industries. The growing demand for petrochemicals in countries such as China and India are augmenting the production of oil, gas, and chemicals. The oil & gas industry is likely to witness an increased demand for HIPPS, with a growing number of greenfield projects planned in countries such as India and China.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HIPPS marketplace.
•By Company Type: Tier 1 – 40, Tier 2 – 35%, and Tier 3 – 25%
•By Designation: C-Level Executives – 48% , Director- 33%, and Others – 19%
•By Region: North America – 35%, Middle East – 30%, Europe – 10%, APAC – 20%, and RoW – 5%
The HIPPS market comprises major players such as Emerson Electric Co. (US), Yokogawa Electric Corp. (Japan), HIMA (Germany), Rockwell Automation Inc. (US), Schneider Electric (France), Honeywell International (US), ABB (Switzerland), Siemens (Germany), Schlumberger (US), and Baker Hughes (US). These top players have strong portfolios of products and services and presence in both mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the HIPPS market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the HIPPS market based on type, offerings, industry, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the HIPPS market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall HIPPS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
目次
1INTRODUCTION23
1.1STUDY OBJECTIVES23
1.2MARKET DEFINITION AND SCOPE23
1.2.1INCLUSIONS AND EXCLUSIONS23
1.3STUDY SCOPE24
1.3.1MARKETS COVERED24
FIGURE 1HIPPS MARKET: SEGMENTATION24
1.3.2GEOGRAPHIC SCOPE24
1.3.3YEARS CONSIDERED25
1.4CURRENCY25
1.5LIMITATIONS25
1.6MARKET STAKEHOLDERS26
1.7SUMMARY OF CHANGES26
2RESEARCH METHODOLOGY27
2.1RESEARCH DATA27
FIGURE 2HIPPS MARKET: RESEARCH DESIGN27
2.1.1SECONDARY AND PRIMARY RESEARCH28
2.1.2SECONDARY DATA29
2.1.2.1List of major secondary sources29
2.1.2.2Key data from secondary sources29
2.1.3PRIMARY DATA30
2.1.3.1Breakdown of primaries30
2.1.3.2Key data from primary sources30
2.1.3.3Key insights31
2.2MARKET SIZE ESTIMATION31
FIGURE 3SUPPLY SIDE ANALYSIS: HIPPS MARKET (1/2)32
FIGURE 4SUPPLY SIDE ANALYSIS: HIPPS MARKET (2/2)32
2.2.1BOTTOM-UP APPROACH33
2.2.1.1Approach for arriving at market size using bottom-up analysis33
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH33
2.2.2TOP-DOWN APPROACH34
2.2.2.1Approach for arriving at market size using top-down analysis34
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH34
2.3MARKET BREAKDOWN AND DATA TRIANGULATION35
FIGURE 7MARKET BREAKDOWN AND DATA TRIANGULATION35
2.4RESEARCH ASSUMPTIONS36
2.5RISK ASSESSMENTS36
TABLE 1LIMITATIONS AND ASSOCIATED RISKS36
3EXECUTIVE SUMMARY37
FIGURE 8HIPPS MARKET SIZE, 2018–202737
FIGURE 9HIPPS MARKET FOR SERVICES TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD38
FIGURE 10OIL & GAS INDUSTRY TO ACCOUNT FOR LARGER SHARE OF
HIPPS MARKET DURING FORECAST PERIOD38
FIGURE 11NORTH AMERICA TO BE DOMINANT MARKET FOR HIPPS
DURING FORECAST PERIOD39
4PREMIUM INSIGHTS40
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN HIPPS MARKET40
FIGURE 12GROWING NEED FOR REDUCING FLARING TO PROTECT
ENVIRONMENT TO DRIVE GROWTH OF HIPPS MARKET40
4.2HIPPS MARKET, BY OFFERING40
FIGURE 13COMPONENT SEGMENT TO HOLD LARGER SHARE OF HIPPS MARKET
DURING FORECAST PERIOD40
4.3HIPPS MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY41
FIGURE 14US AND OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARES OF
NORTH AMERICAN HIPPS MARKET IN 202741
4.4HIPPS MARKET, BY COUNTRY41
FIGURE 15US TO ACCOUNT FOR LARGEST SHARE OF HIPPS MARKET IN 202741
5MARKET OVERVIEW42
5.1INTRODUCTION42
5.2MARKET DYNAMICS42
FIGURE 16HIPPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES42
5.2.1DRIVERS43
5.2.1.1Growing need for reducing gas flaring and venting to
protect environment43
5.2.1.2Implementation of stringent regulations by governments to ensure safety and security at manufacturing plants43
FIGURE 17HIPPS MARKET: IMPACT ANALYSIS OF DRIVERS44
5.2.2RESTRAINTS44
5.2.2.1High installation cost associated with high-integrity pressure protection system (HIPPS)44
FIGURE 18HIPPS MARKET: IMPACT ANALYSIS OF RESTRAINTS45
5.2.3OPPORTUNITIES45
5.2.3.1Expansion of refineries and petrochemical plants45
5.2.3.2Focus of market players on offering improved customer services45
5.2.3.3Growing usage of Industrial Internet of Things (IIoT)46
FIGURE 19HIPPS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES46
5.2.4CHALLENGES46
5.2.4.1Complexity in designing of high-integrity pressure
protection system (HIPPS)46
FIGURE 20HIPPS MARKET: IMPACT ANALYSIS OF CHALLENGES47
5.3VALUE CHAIN ANALYSIS47
FIGURE 21HIPPS: VALUE CHAIN ANALYSIS47
5.4ECOSYSTEM ANALYSIS48
FIGURE 22HIPPS ECOSYSTEM48
5.5TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS48
FIGURE 23REVENUE SHIFT AND NEW REVENUE POCKETS FOR
PLAYERS IN HIPPS MARKET48
5.6CASE STUDY ANALYSIS49
5.6.1IMI CRITICAL OFFERED COST-EFFECTIVE SOLUTION TO
OIL & GAS COMPANY IN LATIN AMERICA49
5.6.2YOKOGAWA DEMONSTRATED INSTALLATION OF HIPPS IN SUB-SEA CAN DRASTICALLY REDUCE OPERATIONAL COST49
5.6.3SELLA CONTROLS INSTALLED SKID-MOUNTED HIPPS AT
LNG TERMINAL IN INDIA49
5.7PRICING ANALYSIS50
TABLE 2AVERAGE SELLING PRICES OF COMPONENTS OF HIPPS OFFERED
BY TOP COMPANIES, 202150
TABLE 3INDICATIVE PRICES OF COMPONENTS OF HIPPS50
5.8PORTER’S FIVE FORCES ANALYSIS50
TABLE 4IMPACT OF EACH FORCE ON HIPPS MARKET51
5.9TECHNOLOGY ANALYSIS52
5.9.1SOFTWARE-BASED SIS SOLUTION52
5.10TRADE ANALYSIS52
FIGURE 24IMPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)52
FIGURE 25EXPORT DATA OF HS 848140, BY COUNTRY, 2016–2020 (USD MILLION)53
5.11PATENTS ANALYSIS53
FIGURE 26TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS OWNED
IN LAST 10 YEARS53
TABLE 5TOP 20 PATENT OWNERS IN LAST 10 YEARS54
FIGURE 27NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 202054
TABLE 6LIST OF MAJOR PATENTS55
5.12REGULATORY LANDSCAPE56
5.12.1SAFETY INTEGRITY LEVEL (SIL)56
TABLE 7SIL AND RELATED MEASURES57
5.12.2IEC 6150857
5.12.3IEC 6151157
TABLE 8DIFFERENCE BETWEEN IEC 61508 AND IEC 61511 STANDARDS58
6HIPPS MARKET, BY OFFERING59
6.1INTRODUCTION60
FIGURE 28COMPONENT TO BE LEADING SEGMENT IN HIPPS MARKET IN 202760
TABLE 9HIPPS MARKET, BY OFFERING, 2018–2021 (USD MILLION)60
TABLE 10HIPPS MARKET, BY OFFERING, 2022–2027 (USD MILLION)60
6.2COMPONENTS61
TABLE 11HIPPS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)61
TABLE 12HIPPS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)62
TABLE 13HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2018–2021 (USD MILLION)62
TABLE 14HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2022–2027 (USD MILLION)62
6.2.1FILED INITIATORS62
6.2.1.1Pressure transmitters function as field initiators for HIPPS62
6.2.2LOGIC SOLVER63
6.2.2.1Solid-state logic solver63
6.2.2.1.1Solid-state logic solver is highly preferred in
many applications63
6.2.2.2Other63
TABLE 15HIPPS MARKET, BY LOGIC SOLVER TYPE, 2018–2021 (USD MILLION)63
TABLE 16HIPPS MARKET, BY LOGIC SOLVER TYPE, 2022–2027 (USD MILLION)64
6.2.3FINAL CONTROL ELEMENT64
6.2.3.1Valves64
6.2.3.1.1Valve is major part of HIPPS64
6.2.3.2Actuators64
6.2.3.2.1Actuators enable closing and opening functions for valves64
6.2.4OTHER COMPONENTS65
6.3SERVICES65
TABLE 17HIPPS MARKET, BY SERVICE, 2018–2021 (USD MILLION)65
TABLE 18HIPPS MARKET, BY SERVICE, 2022–2027 (USD MILLION)65
TABLE 19HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2018–2021 (USD MILLION)66
TABLE 20HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2022–2027 (USD MILLION)66
6.3.1TESTING, INSPECTION, AND CERTIFICATION (TIC)66
6.3.1.1End users rely on testing, inspection, and certification services for examining quality of HIPPS before implementation66
6.3.2MAINTENANCE67
6.3.2.1Regular maintenance ensures efficient functionality of
HIPPS over long period67
6.3.3TRAINING AND CONSULTATION67
6.3.3.1Consulting services help to offer customized systems
based on requirement67
7HIPPS MARKET, BY TYPE68
7.1INTRODUCTION68
FIGURE 29ELECTRONIC HIPPS SEGMENT ACCOUNTED FOR LARGER SHARE
OF HIPPS MARKET IN 202168
TABLE 21KEY POINTS: MECHANICAL AND ELECTRONIC HIPPS68
7.2ELECTRONIC HIPPS69
7.2.1HIGH USE OF ELECTRONIC HIPPS IN INDUSTRIAL SAFETY APPLICATIONS69
7.3MECHANICAL HIPPS69
7.3.1GROWING USE OF MECHANICAL HIPPS IN EXTREME REMOTE APPLICATIONS69
8HIPPS MARKET, BY INDUSTRY70
8.1INTRODUCTION71
FIGURE 30OIL & GAS TO BE LEADING SEGMENT IN HIPPS MARKET IN 202771
TABLE 22HIPPS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)71
TABLE 23HIPPS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)71
8.2OIL & GAS72
TABLE 24HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION,
2018–2021 (USD MILLION)73
TABLE 25HIPPS MARKET FOR OIL & GAS INDUSTRY, BY REGION,
2022–2027 (USD MILLION)73
TABLE 26HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)73
TABLE 27HIPPS MARKET FOR OIL & GAS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)74
TABLE 28HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)74
TABLE 29HIPPS MARKET FOR OIL & GAS INDUSTRY IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)74
TABLE 30HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)75
TABLE 31HIPPS MARKET FOR OIL & GAS INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)75
TABLE 32HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)75
TABLE 33HIPPS MARKET FOR OIL & GAS INDUSTRY IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)76
TABLE 34HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION,
2018–2021 (USD MILLION)76
TABLE 35HIPPS MARKET FOR OIL & GAS INDUSTRY IN ROW, BY REGION,
2022–2027 (USD MILLION)76
TABLE 36HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING,
2018–2021 (USD MILLION)76
TABLE 37HIPPS MARKET FOR OIL & GAS INDUSTRY, BY OFFERING,
2022–2027 (USD MILLION)77
TABLE 38TYPICAL APPLICATIONS OF HIPPS IN UPSTREAM, MIDSTREAM, AND DOWNSTREAM SECTORS77
TABLE 39HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE,
2018–2021 (USD MILLION)77
TABLE 40HIPPS MARKET FOR OIL & GAS INDUSTRY, BY STREAM TYPE,
2022–2027 (USD MILLION)77
8.2.1UPSTREAM78
8.2.1.1Upstream sector held largest size of HIPPS market for
oil & gas industry in 202178
8.2.2MIDSTREAM78
8.2.2.1Increasing number of oil and gas pipelines to fuel demand for
HIPPS in midstream sector78
8.2.3DOWNSTREAM78
8.2.3.1Increasing demand for HIPPS from LNG regasification plants in downstream sector to drive market growth78
8.3CHEMICAL78
8.3.1STRINGENT REGULATIONS AND STANDARDS TO FUEL DEMAND FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) IN CHEMICAL INDUSTRY78
TABLE 41HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION,
2018–2021 (USD MILLION)79
TABLE 42HIPPS MARKET FOR CHEMICAL INDUSTRY, BY REGION,
2022–2027 (USD MILLION)79
TABLE 43HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)79
TABLE 44HIPPS MARKET FOR CHEMICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)80
TABLE 45HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)80
TABLE 46HIPPS MARKET FOR CHEMICAL INDUSTRY IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)80
TABLE 47HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)81
TABLE 48HIPPS MARKET FOR CHEMICAL INDUSTRY IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)81
TABLE 49HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)81
TABLE 50HIPPS MARKET FOR CHEMICAL INDUSTRY IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)82
TABLE 51HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION,
2018–2021 (USD MILLION)82
TABLE 52HIPPS MARKET FOR CHEMICAL INDUSTRY IN ROW, BY REGION,
2022–2027 (USD MILLION)82
TABLE 53HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING,
2018–2021 (USD MILLION)82
TABLE 54HIPPS MARKET FOR CHEMICAL INDUSTRY, BY OFFERING,
2022–2027 (USD MILLION)83
9GEOGRAPHIC ANALYSIS84
9.1INTRODUCTION85
FIGURE 31HIPPS MARKET: GEOGRAPHIC SNAPSHOT85
TABLE 55HIPPS MARKET, BY REGION, 2018–2021 (USD MILLION)85
TABLE 56HIPPS MARKET, BY REGION, 2022–2027 (USD MILLION)86
9.2NORTH AMERICA87
FIGURE 32SNAPSHOT OF HIPPS MARKET IN NORTH AMERICA87
TABLE 57HIPPS MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)87
TABLE 58HIPPS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)88
TABLE 59HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY,
2018–2021 (USD MILLION)88
TABLE 60HIPPS MARKET IN NORTH AMERICA, BY INDUSTRY,
2022–2027 (USD MILLION)88
9.2.1US88
9.2.1.1US to hold largest share of North American market
during forecast period88
TABLE 61HIPPS MARKET IN US, BY INDUSTRY, 2018–2021 (USD MILLION)89
TABLE 62HIPPS MARKET IN US, BY INDUSTRY, 2022–2027 (USD MILLION)89
9.2.2CANADA89
9.2.2.1Expansion of pipeline networks for gas transportation to boost Canadian market growth during forecast period89
TABLE 63HIPPS MARKET IN CANADA, BY INDUSTRY, 2018–2021 (USD MILLION)89
TABLE 64HIPPS MARKET IN CANADA, BY INDUSTRY, 2022–2027 (USD MILLION)90
9.2.3MEXICO90
9.2.3.1Mexico to witness moderate growth in HIPPS market
during forecast period90
TABLE 65HIPPS MARKET IN MEXICO, BY INDUSTRY, 2018–2021 (USD MILLION)90
TABLE 66HIPPS MARKET IN MEXICO, BY INDUSTRY, 2022–2027 (USD MILLION)90
9.3EUROPE91
FIGURE 33SNAPSHOT OF HIPPS MARKET IN EUROPE91
TABLE 67HIPPS MARKET IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)92
TABLE 68HIPPS MARKET IN EUROPE, BY INDUSTRY, 2022–2027 (USD MILLION)92
9.3.1RUSSIA92
9.3.1.1Planned investments in oil & gas industry to boost
Russian market growth92
9.3.2NORWAY92
9.3.2.1Increasing oil and gas subsea exploration activities to boost
market growth in Norway92
9.3.3UK93
9.3.3.1UK to be major market for HIPPS in Europe93
9.3.4REST OF EUROPE93
9.4MIDDLE EAST93
TABLE 69HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)93
TABLE 70HIPPS MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)94
TABLE 71HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2018–2021 (USD MILLION)94
TABLE 72HIPPS MARKET IN MIDDLE EAST, BY INDUSTRY, 2022–2027 (USD MILLION)94
9.4.1SAUDI ARABIA94
9.4.1.1High oil & gas production is driving market growth in Saudi Arabia94
TABLE 73HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2018–2021 (USD MILLION)95
TABLE 74HIPPS MARKET IN SAUDI ARABIA, BY INDUSTRY, 2022–2027 (USD MILLION)95
9.4.2UAE95
9.4.2.1Growing adoption of automation technologies in oil & gas production to drive growth of UAE HIPPS market95
TABLE 75HIPPS MARKET IN UAE, BY INDUSTRY, 2018–2021 (USD MILLION)95
TABLE 76HIPPS MARKET IN UAE, BY INDUSTRY, 2022–2027 (USD MILLION)96
9.5ASIA PACIFIC96
FIGURE 34SNAPSHOT OF HIPPS MARKET IN APAC97
TABLE 77HIPPS MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)97
TABLE 78HIPPS MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)98
TABLE 79HIPPS MARKET IN APAC, BY INDUSTRY, 2018–2021 (USD MILLION)98
TABLE 80HIPPS MARKET IN APAC, BY INDUSTRY, 2022–2027 (USD MILLION)98
9.5.1CHINA98
9.5.1.1Growing demand for HIPPS in oil & gas and chemical industries to fuel market growth in China98
TABLE 81HIPPS MARKET IN CHINA, BY INDUSTRY, 2018–2021 (USD MILLION)99
TABLE 82HIPPS MARKET IN CHINA, BY INDUSTRY, 2022–2027 (USD MILLION)99
9.5.2INDIA99
9.5.2.1HIPPS market in India to grow at fastest CAGR during forecast period99
TABLE 83HIPPS MARKET IN INDIA, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)99
TABLE 84HIPPS MARKET IN INDIA, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)100
9.5.3REST OF APAC100
9.6REST OF THE WORLD (ROW)100
TABLE 85HIPPS MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)100
TABLE 86HIPPS MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)100
TABLE 87HIPPS MARKET IN ROW, BY INDUSTRY, 2018–2021 (USD MILLION)101
TABLE 88HIPPS MARKET IN ROW, BY INDUSTRY, 2022–2027 (USD MILLION)101
9.6.1AFRICA101
9.6.1.1Nigeria, Algeria, and Angola to be major contributors to growth of African HIPPS market101
TABLE 89HIPPS MARKET IN AFRICA, BY INDUSTRY, 2018–2021 (USD MILLION)101
TABLE 90HIPPS MARKET IN AFRICA, BY INDUSTRY, 2022–2027 (USD MILLION)102
9.6.2SOUTH AMERICA102
9.6.2.1South America to hold small market share of RoW HIPPS market102
TABLE 91HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)102
TABLE 92HIPPS MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)102
10COMPETITIVE LANDSCAPE103
10.1OVERVIEW103
10.2TOP FIVE COMPANY REVENUE ANALYSIS103
FIGURE 35HIPPS MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020103
10.3MARKET SHARE ANALYSIS, 2021103
FIGURE 36HIPPS MARKET SHARE ANALYSIS (2021)104
10.4COMPETITIVE LEADERSHIP MAPPING105
10.4.1STAR105
10.4.2EMERGING LEADER105
10.4.3PERVASIVE105
10.4.4PARTICIPANT105
FIGURE 37HIPPS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021106
10.5SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2021107
10.5.1PROGRESSIVE COMPANY107
10.5.2RESPONSIVE COMPANY107
10.5.3DYNAMIC COMPANY107
10.5.4STARTING BLOCK107
FIGURE 38HIPPS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2021108
10.6HIPPS MARKET: PRODUCT FOOTPRINT109
TABLE 93COMPANY FOOTPRINT109
TABLE 94PRODUCT FOOTPRINT OF COMPANIES110
TABLE 95INDUSTRY FOOTPRINT OF COMPANIES111
TABLE 96REGIONAL FOOTPRINT OF COMPANIES112
10.7HIPPS MARKET: SME MATRIX113
FIGURE 39HIPPS MARKET: DETAILED LIST OF KEY SMES113
TABLE 97HIPPS MARKET: DETAILED LIST OF KEY SMES113
10.8COMPETITIVE SITUATIONS AND TRENDS114
10.8.1HIPPS MARKET: PRODUCT LAUNCHES, 2019–2021114
11COMPANY PROFILES115
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1KEY PLAYERS115
11.1.1EMERSON ELECTRIC CO.115
TABLE 98EMERSON ELECTRIC CO.: BUSINESS OVERVIEW115
FIGURE 40EMERSON ELECTRIC CO.: COMPANY SNAPSHOT116
TABLE 99EMERSON ELECTRIC CO.: PRODUCT OFFERING116
11.1.2YOKOGAWA ELECTRIC CORPORATION119
TABLE 100YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW119
FIGURE 41YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT120
TABLE 101YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERING120
11.1.3HIMA123
TABLE 102HIMA: BUSINESS OVERVIEW123
TABLE 103HIMA: PRODUCT OFFERING123
11.1.4SCHNEIDER ELECTRIC125
TABLE 104SCHNEIDER ELECTRIC: BUSINESS OVERVIEW125
FIGURE 42SCHNEIDER ELECTRIC: COMPANY SNAPSHOT126
TABLE 105SCHNEIDER ELECTRIC: PRODUCT OFFERING126
11.1.5ROCKWELL AUTOMATION INC.128
TABLE 106ROCKWELL AUTOMATION: BUSINESS OVERVIEW128
FIGURE 43ROCKWELL AUTOMATION: COMPANY SNAPSHOT129
TABLE 107ROCKWELL AUTOMATION: PRODUCT OFFERINGS129
11.1.6ABB131
TABLE 108ABB: BUSINESS OVERVIEW131
FIGURE 44ABB: COMPANY SNAPSHOT132
TABLE 109ABB: PRODUCT OFFERING132
11.1.7SCHLUMBERGER133
TABLE 110SCHLUMBERGER: BUSINESS OVERVIEW133
FIGURE 45SCHLUMBERGER: COMPANY SNAPSHOT134
TABLE 111SCHLUMBERGER: PRODUCT OFFERING135
11.1.8SIEMENS AG136
TABLE 112SIEMENS AG: BUSINESS OVERVIEW136
FIGURE 46SIEMENS AG: COMPANY SNAPSHOT137
TABLE 113SIEMENS AG: PRODUCT OFFERING137
11.1.9HONEYWELL INTERNATIONAL INC138
TABLE 114HONEYWELL INTERNATIONAL INC: BUSINESS OVERVIEW138
FIGURE 47HONEYWELL INTERNATIONAL INC: COMPANY SNAPSHOT139
TABLE 115HONEYWELL INTERNATIONAL INC: PRODUCT OFFERING139
11.1.10BAKER HUGHES140
TABLE 116GENERAL ELECTRIC: BUSINESS OVERVIEW140
FIGURE 48BAKER HUGHES: COMPANY SNAPSHOT141
TABLE 117GENERAL ELECTRIC: PRODUCT OFFERINGS141
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2OTHER PLAYERS142
11.2.1MOKVELD142
TABLE 118MOKVELD: COMPANY OVERVIEW142
11.2.2VELAN INC142
TABLE 119VELAN INC: COMPANY OVERVIEW142
11.2.3IMI PLC143
TABLE 120IMI PLC: COMPANY OVERVIEW143
11.2.4SEVERN GLOCON GROUP144
TABLE 121SEVERN GLOCON GROUP: COMPANY OVERVIEW144
11.2.5LARSEN & TOUBRO144
TABLE 122LARSEN & TOUBRO: COMPANY OVERVIEW144
11.2.6SAMSON GROUP145
TABLE 123SAMSON GROUP: COMPANY OVERVIEW145
11.2.7MOGAS IND145
TABLE 124MOGAS IND: COMPANY OVERVIEW145
11.2.8PALADON SYSTEMS146
TABLE 125PALADON SYSTEMS: COMPANY OVERVIEW146
11.2.9PIETRO FIORENTINI S.P.A.146
TABLE 126PIERTO FIORENTINI: COMPANY OVERVIEW146
11.2.10PETROLVALVES S.P.A147
TABLE 127PETROLVALVES S.P.A: COMPANY OVERVIEW147
11.2.11BRITISH ENGINES147
TABLE 128BRITISH ENGINES: COMPANY OVERVIEW147
11.2.12PROCONTROL148
TABLE 129PROCONTROL: COMPANY OVERVIEW148
11.2.13VALVTECHNOLOGIES148
TABLE 130VALVTECNOLOGIES: COMPANY OVERVIEW148
11.2.14FRAMES GROUP149
TABLE 131FRAMES GROUP: COMPANY OVERVIEW149
11.2.15DAFRAM S.P.A.149
TABLE 132DAFRAM S.P.A.: COMPANY OVERVIEW149
12ADJACENT & RELATED MARKETS150
12.1INTRODUCTION150
12.2LIMITATIONS150
12.3INDUSTRIAL VALVES MARKET, BY FUNCTION150
TABLE 133INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)151
TABLE 134INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)151
12.3.1ON/OFF VALVES151
12.3.1.1On/off valves accounted for larger market share in 2020151
12.3.2CONTROL VALVES152
12.3.2.1Control valves to witness significant growth during forecast period152
13APPENDIX153
13.1DISCUSSION GUIDE153
13.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL156
13.3AVAILABLE CUSTOMIZATIONS158
13.4RELATED REPORTS158
13.5AUTHOR DETAILS159