North America High-integrity Pressure Protection System Market Size & Outlook
The high-integrity pressure protection system market in North America is expected to reach a projected revenue of US$ 183.0 million by 2030. A compound annual growth rate of 7.4% is expected of North America high-integrity pressure protection system market from 2024 to 2030.
Revenue, 2023 (US$M)
$111.2
Forecast, 2030 (US$M)
$183.0
CAGR, 2024 - 2030
7.4%
Report Coverage
North America
Related Markets
North America high-integrity pressure protection system market highlights
- The North America high-integrity pressure protection system market generated a revenue of USD 111.2 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, electronic hipps was the largest revenue generating type in 2023.
- Electronic HIPPS is the most lucrative type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 111.2 million |
| Market revenue in 2030 | USD 183.0 million |
| Growth rate | 7.4% (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 |
| Key market players worldwide | Emerson Electric Co, Yokogawa Electric Corp., Rockwell Automation Inc, Schneider Electric SE, Honeywell International Inc, ABB Ltd, Siemens AG, Schlumberger Ltd, Baker Hughes Co Class A, Halma PLC, Robert Bosch Engineering & Business Solutions, General Electric |
Other key industry trends
- In terms of revenue, North America region accounted for 24.3% of the global high-integrity pressure protection system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 281.8 million by 2030.
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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 |
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