A high-integrity pressure protection system (HIPPS) is designed to avoid the overpressure generated during hazardous processes mainly in oil & gas plants prevents a system to stop from exceeding the rated pressure level. HIPPS is a type of safety instrumented system (SIS), works by shutting off the source of high pressure of the system before the overall design pressure is exceeded and captures the pressure of the system on the upstream side. This helps in the prevention of loss resulting from rupture of a line or vessel and thus being used across different industry verticals.

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By geography, North America is going to have high growth during the forecast period as there is a high application of high-integrity pressure protection system in oil & gas industry that is being focused in North America will act as a major driver for the growth of this market. The shale gas exploration in Mexico will further act as another major driver for the high-integrity pressure protection system market because of its huge applications in the oil & gas sector. The region has stringent industrial safety standards which drive the growth of the HIPPS market.

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Some of the key players profiled in the High Integrity Pressure Protection System (HIPPS) Market include Emerson Electric Company, Yokogawa Electric, Hima, Schlumberger, Siemens AG, Rockwell Automation, General Electric, ABB Ltd., Schneider Electric SE, Honeywell International Inc., Johnson Controls International Plc, Mogas Industries Inc., PetrolValves SpA and BEL Valves (British Engines Limited).

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Related Markets:
1) https://www.strategymrc.com/report/industrial-valves-market
2) https://www.strategymrc.com/report/process-analyzer-market

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