Global High-Integrity Pressure Protection System Market Insights, Opportunities,Posted by Deeksha on January 17th, 2019 The global market status for High-Integrity Pressure Protection System is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global High-Integrity Pressure Protection System Market”Insights, Forecast to 2025, which tends to deliver in-depth knowledge associated to the High-Integrity Pressure Protection System market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and geography; making it quite useful for the readers. Get Sample Copy of This Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=2040612 A high-integrity pressure protection system (HIPPS) is a type of safety instrumented system (SIS) designed to prevent over-pressurization of a plant, such as a chemical plant or oil refinery. The HIPPS will shut off the source of the high pressure before the design pressure of the system is exceeded, thus preventing loss of containment through rupture (explosion) of a line or vessel. The valves segment is expected to hold a large share of the overall HIPPS market in 2017. Valves are used as final safety devices which control the pressure and discharge a certain amount of fluid by themselves without any electric power support. Valves actuate or stop the flow of hazardous fluids or external hydrocarbons (gases) on detection of a hazardous event. Extensive application of valves in the oil & gas and chemical industries is supporting the growth of this market. In mechanical HIPPS, the valves are cost-effective, and designed for in-line maintenance. The oil & gas vertical dominated this market in 2017. The lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration.
Like it? Share it! More by this author |