Pressure Vessel Market
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PUBLISHED: 2020 ID: SMRC19785
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Pressure Vessel - Global Market Outlook (2019-2027)

4.7 (23 reviews)
4.7 (23 reviews)
Published: 2020 ID: SMRC19785

This report covers the impact of COVID-19 on this global market

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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