How much is the current size of pressure vessels market?

The global pressure vessels market size was valued at USD 22.43 billion in 2023 and predicted to hit around USD 53.23 billion by 2034. Read More

What is the CAGR of pressure vessels market?

The global pressure vessels market is growing at a compound annual growth rate (CAGR) of 8.15% during the forecast period 2024 to 2034. Read More

Which region is encountered to be the leading market for pressure vessels?

The Asia Pacific encountered to be the leading market for pressure vessels across the globe owing to the increasing utilization of nuclear power, the rapid expansion of the power sector, and increasing demand from the region’s chemicals industry are the prime factors that drive the overall market growth. Read More

Who are the key players in pressure vessels market?

Some of the key players operating in the market are Babcock & Wilcox Enterprises, Inc., IHI Corp., Mitsubishi Hitachi Power Systems, Ltd., Pressure Vessels (India), Alloy Products Corp., Samuel, Son & Co., Doosan Heavy Industries & Construction., Abbott & Co (Newark) Ltd., Larsen & Toubro Ltd., Bharat Heavy Electricals Ltd., Tinita Engineering Pvt. Ltd., Mersen, Xylem Inc., and WCR Inc. among others. Read More

Which segment was accounted for the largest pressure vessels market share?

Boiler product segment led the global market due to superior performance of boilers in different industrial processes. Read More

Which material segment is dominated the global pressure vessels market?

By material, steel dominated the global market because of a preferred choice of material for the manufacturers on the basis of its attractive properties . Read More

Which end-use segment is headed the global pressure vessels market?

Chemical & petrochemical end-use segment headed the global pressure vessels market due to the increasing demand of chemicals and their products for various applications. Read More

What are the factors driving the pressure vessels market?

Increasing need for energy across the world accounts for the prime reason that drives the overall market growth for pressure vessels. Exponential growth in the population and increasing adoption of new and advanced technologies supports the significant demand of energy. Boilers that are an important type of pressure vessel are commonly used in numerous energy generation procedures that expected to sustain their demand over the forthcoming years. Read More

Pressure Vessels Market Size, Share, and Trends 2024 to 2034

The global pressure vessels market size was USD 22.43 billion in 2023, estimated at USD 24.31 billion in 2024 and is anticipated to reach around USD 53.23 billion by 2034, expanding at a CAGR of 8.15% from 2024 to 2034.

Last Updated : August 2024
Report Code : 1122
Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Pressure Vessels Market

5.1. COVID-19 Landscape: Pressure Vessels Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Pressure Vessels Market, By Product

8.1. Pressure Vessels Market, by Product, 2024-2034

8.1.1 Nuclear Reactor

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Boiler

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Separator

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Pressure Vessels Market, By Material

9.1. Pressure Vessels Market, by Material, 2024-2034

9.1.1. Titanium

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Hastelloy

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Tantalum

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Steel

9.1.4.1. Market Revenue and Forecast (2021-2034)

9.1.5. Nickel & Nickel Alloys

9.1.5.1. Market Revenue and Forecast (2021-2034)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Pressure Vessels Market, By End-Use

10.1. Pressure Vessels Market, by End-Use, 2024-2034

10.1.1. Chemicals & Petrochemicals

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Power Generation

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. Oil & Gas

10.1.3.1. Market Revenue and Forecast (2021-2034)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Pressure Vessels Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.2. Market Revenue and Forecast, by Material (2021-2034)

11.1.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.1.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.1.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.2. Market Revenue and Forecast, by Material (2021-2034)

11.2.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.2.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.2.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.6.2. Market Revenue and Forecast, by Material (2021-2034)

11.2.6.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.7.2. Market Revenue and Forecast, by Material (2021-2034)

11.2.7.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.2. Market Revenue and Forecast, by Material (2021-2034)

11.3.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.3.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.3.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.6.2. Market Revenue and Forecast, by Material (2021-2034)

11.3.6.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.7.2. Market Revenue and Forecast, by Material (2021-2034)

11.3.7.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.4.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.4.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.6.2. Market Revenue and Forecast, by Material (2021-2034)

11.4.6.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.7.2. Market Revenue and Forecast, by Material (2021-2034)

11.4.7.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.4.2. Market Revenue and Forecast, by Material (2021-2034)

11.5.4.3. Market Revenue and Forecast, by End-Use (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.5.2. Market Revenue and Forecast, by Material (2021-2034)

11.5.5.3. Market Revenue and Forecast, by End-Use (2021-2034)

Chapter 12. Company Profiles

12.1. Babcock & Wilcox Enterprises, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. IHI Corp.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Mitsubishi Hitachi Power Systems, Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Pressure Vessels (India)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Alloy Products Corp.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Samuel, Son & Co.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Doosan Heavy Industries & Construction.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Abbott & Co (Newark) Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Larsen & Toubro Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Bharat Heavy Electricals Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Pressure Vessels Market Size to Hit USD 53.23 Bn by 2034

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