DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9964vs/global) has announced the addition of the "Global High-Integrity Pressure Protection System Market 2016-2020" report to their offering.
The global HIPPS market to grow at a CAGR of 7.68% during the period 2016-2020.
Global High-Integrity Pressure Protection System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report covers the present scenario and the growth prospects of the global HIPPS market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of HIPPS that include installation and integration. The report also includes a discussion of the key vendors operating in this market.
The computational analysis of data (analytics) is widely recognized as a valuable asset in decision making across industries. The automation market is not an exception; vendors use analytics to enhance business and value proposition in this market. Analytics and statistical models are customized to meet market requirements. Analytics can also be used to identify the need for maintenance and servicing, improving the overall efficacy of safety instrument and solutions. The use of such technologies boosts decision-making with the least margin for errors, helps predict problems, and identifies the cause of errors.
According to the report, many countries have imposed stringent regulations and enforced policies on oil and gas exploration, including adherence to best manufacturing practices, to ensure employee safety and safeguard the environment. This helps organizations across process industries such as power, mining and metals, oil and gas, water and wastewater, and chemicals, to meet international quality standards. All these industries are regulated to ensure the safety of manufacturing plants.
Further, the report states that issues in installation and integration of HIPPS will hamper the growth of the HIPPS market during the forecast period.
The market is divided into the following segments based on end-user:
- Oil and gas
- Chemical and petrochemical
- Rockwell Automation
- Schneider Electric
- Yokogawa Electric
Other prominent vendors:
- Emerson Process Management
- Esoterica Automation
- General Electric
- HIMA Paul Hildebrandt
- Honeywell International
- Johnson Controls
- Tyco International
For more information visit http://www.researchandmarkets.com/research/9964vs/global
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SOURCE Research and Markets