The High Integrity Pressure Protection System (HIPPS) market refers to the industry involved in the production, installation, and maintenance of HIPPS solutions. HIPPS is a safety instrumented system designed to protect process equipment from overpressure and prevent potential hazards in high-pressure applications.
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HIPPS is commonly used in industries such as oil and gas, chemical, petrochemical, and power generation, where the failure of pressure-containing equipment can have severe consequences, including explosions, leaks, or other safety incidents. The purpose of HIPPS is to ensure the safe operation of high-pressure systems by rapidly isolating the source of overpressure and preventing it from reaching critical components.
The market for HIPPS has been growing due to increased focus on safety regulations and the need to mitigate risks associated with high-pressure systems.
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