High-Integrity Pressure Protection System (HIPPS) Market Report Online (Business Opportunities - Marketing & Sales)
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High-Integrity Pressure Protection System (HIPPS) Market Report Online | |
The global high-integrity pressure protection system (HIPPS) Market size is projected to reach a CAGR of 7.3% from 2022-2028. A high-integrity pressure protection system (HIPPS) is a safety instrumented system (SIS) designed to avoid the overpressure generated during hazardous processes, mainly in oil & gas plants, by shutting off the source and capturing the pressure in the upstream side of the system. In process industries, a safety system is to prevent the loss of containment occurred when a vessel or a pipeline is ruptured due to overpressure. Overpressure can be handled using relief systems; however, the release of flammable, explosive, hazardous, or toxic process fluids in the environment may have an adverse impact on humans and the environment. Growing need for reducing flaring to protect the environment and the imposition of stringent regulatory norms by governments to ensure safety and security at manufacturing plants are some of the factors that have supported long-term expansion for High-Integrity Pressure Protection System (HIPPS) Market. The outbreak and widespread of the COVID-19 pandemic adversely affected the growth of the oil & gas industry. The imposition of various restrictions by governments worldwide in 2020 created a wide gap between supply and demand. Request for the Sample Research Copy: https://www.delvens.com/get-free-sample/hipps-market-trends-forecast-till-2028 | |
| Target State: All States Target City : All Cities Last Update : Jul 04, 2023 5:12 AM Number of Views: 54 | Item Owner : Delvens Contact Email: Contact Phone: 02086385055 |
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2024-05-28 (0.490 sec)