Pressure Vessel - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Pressure Vessel Market is accounted for $40.85 billion in 2019 and is expected to reach $67.60 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Increasing refinery and chemical plant construction activities, the increasing requirement for energy and growing adoption of supercritical and ultra-supercritical power generation technology are some of the factors propelling the growth of the market. However, higher capital requirements and maintenance costs are hampering the growth of the market.
Pressure Vessels are enclosed cylindrical structure used by various industries that hold liquids and gases at high pressure. Pressure vessels are manufactured according to standard regulations and their applications. Designing of pressure vessel requires corrosion allowance, maximum safe operating pressure and temperature, minimum design temperature and safety factor.
Based on the end-user, the chemicals & petrochemicals segment is anticipated to hold considerable market share during the forecast period owing to experiencing heightened demand from several construction projects in the developing region and increasing consumption of goods such as fertilizers & agrochemical products, plastics & human-made fibers, and research laboratory chemicals. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to rapid expansion of the power sector, rising installation of nuclear powerhouses, and rapidly expanding oil & gas and chemical sectors.
Some of the key players profiled in the Pressure Vessel Market include Bharat Heavy Electricals Limited, Westinghouse Electric Company, Tinita Engineering Pvt. Ltd, Samuel, Son & Co., Pressure Vessels, Mitsubishi Hitachi Power Systems, Larsen & Toubro, Kelvion Holdings GmbH, IHI Corporation, Hitachi Zosen, Dongfang Turbine Co., Ltd., General Electric, Doosan Mecatec, Babcock & Wilcox Enterprises, and Halvorsen Company.
Types Covered:
• Separators
• Nuclear Reactor
• Boilers
• Other Types
Heat Sources Covered:
• Unfired
• Fired
Construction Types Covered:
• CNG Type I
• CNG Type II
• CNG Type III
• CNG Type IV
Materials Covered:
• Tantalum
• Nickel & Nickel Alloys
• Titanium
• Hastelloy
• Zirconium
• Steel Alloys
• Composites
• Other Materials
Applications Covered:
• Storage Vessel
• Processing Vessel
• Gas Storage
• Compressed Natural Gas Vehicles
• Oil Pressure Vessels
• Special Gas Pressure Vessels
End Users Covered:
• Power Generation
• Oil & Gas
• Fertilizers
• Chemicals & Petrochemicals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pressure Vessel Market, By Type
5.1 Introduction
5.2 Separators
5.3 Nuclear Reactor
5.4 Boilers
5.5 Other Types
5.5.1 Towers
5.5.2 Heat Exchangers
5.5.3 Drums
5.5.4 Columns
6 Global Pressure Vessel Market, By Heat Source
6.1 Introduction
6.2 Unfired
6.3 Fired
7 Global Pressure Vessel Market, By Construction Type
7.1 Introduction
7.2 CNG Type I
7.3 CNG Type II
7.4 CNG Type III
7.5 CNG Type IV
8 Global Pressure Vessel Market, By Material
8.1 Introduction
8.2 Tantalum
8.3 Nickel & Nickel Alloys
8.4 Titanium
8.5 Hastelloy
8.6 Zirconium
8.7 Steel Alloys
8.7.1 Chromium-Molybdenum Alloys
8.7.2 Super Duplex Steel
8.7.3 Stainless Steel
8.7.4 Duplex Steel
8.7.5 Carbon Steel
8.8 Composites
8.9 Other Materials
8.9.1 Nickel Alloys
8.9.2 Grey-Cast Iron
8.9.3 Ductile Iron
9 Global Pressure Vessel Market, By Application
9.1 Introduction
9.2 Storage Vessel
9.3 Processing Vessel
9.4 Gas Storage
9.5 Compressed Natural Gas Vehicles
9.6 Oil Pressure Vessels
9.7 Special Gas Pressure Vessels
9.7.1 Hydrogen Vessel
9.7.2 Nitrogen Vessel
10 Global Pressure Vessel Market, By End User
10.1 Introduction
10.2 Power Generation
10.3 Oil & Gas
10.4 Fertilizers
10.5 Chemicals & Petrochemicals
10.6 Other End Users
10.6.1 Water & Wastewater
10.6.2 Shipping
10.6.3 Pulp & Paper
10.6.4 Mining
11 Global Pressure Vessel Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bharat Heavy Electricals Limited
13.2 Westinghouse Electric Company
13.3 Tinita Engineering Pvt. Ltd
13.4 Samuel, Son & Co.
13.5 Pressure Vessels
13.6 Mitsubishi Hitachi Power Systems
13.7 Larsen & Toubro
13.8 Kelvion Holdings GmbH
13.9 IHI Corporation
13.10 Hitachi Zosen
13.11 Dongfang Turbine Co., Ltd.
13.12 General Electric
13.13 Doosan Mecatec
13.14 Babcock & Wilcox Enterprises
13.15 Halvorsen Company
List of Tables
1 Global Pressure Vessel Market Outlook, By Region (2018-2027) ($MN)
2 Global Pressure Vessel Market Outlook, By Type (2018-2027) ($MN)
3 Global Pressure Vessel Market Outlook, By Separators (2018-2027) ($MN)
4 Global Pressure Vessel Market Outlook, By Nuclear Reactor (2018-2027) ($MN)
5 Global Pressure Vessel Market Outlook, By Boilers (2018-2027) ($MN)
6 Global Pressure Vessel Market Outlook, By Other Types (2018-2027) ($MN)
7 Global Pressure Vessel Market Outlook, By Towers (2018-2027) ($MN)
8 Global Pressure Vessel Market Outlook, By Heat Exchangers (2018-2027) ($MN)
9 Global Pressure Vessel Market Outlook, By Drums (2018-2027) ($MN)
10 Global Pressure Vessel Market Outlook, By Columns (2018-2027) ($MN)
11 Global Pressure Vessel Market Outlook, By Heat Source (2018-2027) ($MN)
12 Global Pressure Vessel Market Outlook, By Unfired (2018-2027) ($MN)
13 Global Pressure Vessel Market Outlook, By Fired (2018-2027) ($MN)
14 Global Pressure Vessel Market Outlook, By Construction Type (2018-2027) ($MN)
15 Global Pressure Vessel Market Outlook, By CNG Type I (2018-2027) ($MN)
16 Global Pressure Vessel Market Outlook, By CNG Type II (2018-2027) ($MN)
17 Global Pressure Vessel Market Outlook, By CNG Type III (2018-2027) ($MN)
18 Global Pressure Vessel Market Outlook, By CNG Type IV (2018-2027) ($MN)
19 Global Pressure Vessel Market Outlook, By Material (2018-2027) ($MN)
20 Global Pressure Vessel Market Outlook, By Tantalum (2018-2027) ($MN)
21 Global Pressure Vessel Market Outlook, By Nickel & Nickel Alloys (2018-2027) ($MN)
22 Global Pressure Vessel Market Outlook, By Titanium (2018-2027) ($MN)
23 Global Pressure Vessel Market Outlook, By Hastelloy (2018-2027) ($MN)
24 Global Pressure Vessel Market Outlook, By Zirconium (2018-2027) ($MN)
25 Global Pressure Vessel Market Outlook, By Steel Alloys (2018-2027) ($MN)
26 Global Pressure Vessel Market Outlook, By Chromium-Molybdenum Alloys (2018-2027) ($MN)
27 Global Pressure Vessel Market Outlook, By Super Duplex Steel (2018-2027) ($MN)
28 Global Pressure Vessel Market Outlook, By Stainless Steel (2018-2027) ($MN)
29 Global Pressure Vessel Market Outlook, By Duplex Steel (2018-2027) ($MN)
30 Global Pressure Vessel Market Outlook, By Carbon Steel (2018-2027) ($MN)
31 Global Pressure Vessel Market Outlook, By Composites (2018-2027) ($MN)
32 Global Pressure Vessel Market Outlook, By Other Materials (2018-2027) ($MN)
33 Global Pressure Vessel Market Outlook, By Nickel Alloys (2018-2027) ($MN)
34 Global Pressure Vessel Market Outlook, By Grey-Cast Iron (2018-2027) ($MN)
35 Global Pressure Vessel Market Outlook, By Ductile Iron (2018-2027) ($MN)
36 Global Pressure Vessel Market Outlook, By Application (2018-2027) ($MN)
37 Global Pressure Vessel Market Outlook, By Storage Vessel (2018-2027) ($MN)
38 Global Pressure Vessel Market Outlook, By Processing Vessel (2018-2027) ($MN)
39 Global Pressure Vessel Market Outlook, By Gas Storage (2018-2027) ($MN)
40 Global Pressure Vessel Market Outlook, By Compressed Natural Gas Vehicles (2018-2027) ($MN)
41 Global Pressure Vessel Market Outlook, By Oil Pressure Vessels (2018-2027) ($MN)
42 Global Pressure Vessel Market Outlook, By Special Gas Pressure Vessels (2018-2027) ($MN)
43 Global Pressure Vessel Market Outlook, By Hydrogen Vehicles (2018-2027) ($MN)
44 Global Pressure Vessel Market Outlook, By Nitrogen Vessel (2018-2027) ($MN)
45 Global Pressure Vessel Market Outlook, By End User (2018-2027) ($MN)
46 Global Pressure Vessel Market Outlook, By Power Generation (2018-2027) ($MN)
47 Global Pressure Vessel Market Outlook, By Oil & Gas (2018-2027) ($MN)
48 Global Pressure Vessel Market Outlook, By Fertilizers (2018-2027) ($MN)
49 Global Pressure Vessel Market Outlook, By Chemicals & Petrochemicals (2018-2027) ($MN)
50 Global Pressure Vessel Market Outlook, By Other End Users (2018-2027) ($MN)
51 Global Pressure Vessel Market Outlook, By Water & Wastewater (2018-2027) ($MN)
52 Global Pressure Vessel Market Outlook, By Shipping (2018-2027) ($MN)
53 Global Pressure Vessel Market Outlook, By Pulp & Paper (2018-2027) ($MN)
54 Global Pressure Vessel Market Outlook, By Mining (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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