PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484663
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484663
Pressure Vessel Market Size and Share Analysis by Type, Material Type, Application, Heat Source, End User - Global Industry Demand Forecast to 2030
Market Highlights
The pressure vessel market will reach a value of USD 68.2 billion, powering at a 4.60% compound annual growth rate, by 2030.
The growth is mainly because of the increasing global thermal energy requirement, rising need for clean energy, and growing chemical manufacturing.
Pressure vessels are extensively utilized in nuclear reactor vessels, oil refineries, mining operations, petrochemical plants, under-pressure hydraulic reservoirs, pneumatic reservoirs, road and rail vehicle airbrake reservoirs, submarine and spaceship habitats, and storage vessels for liquefied gases like ammonia, propane, and chlorine.
The continuous growth of the chemical sector is a key factor driving the industry expansion.
Chemicals are essential for clothes, food, healthcare, convenience, and comfort in daily life. The chemicals sector is also a major part of the worldwide economic landscape.
Chemicals are employed in nearly 96% of every manufactured product, and they can't be substituted by other materials.
Over 80% of chemicals are sold to other businesses and via numerous transformations in various value chains before they are utilized by final customers.
Chemicals are the primary foundation on which economies are built as they are the input materials essential for almost every good.
Key Insights
APAC was the largest contributor to the industry in the past few years, and it will remain the largest throughout this decade.
This can be mainly because of the advancing chemical and power industries in this region.
China has had the largest chemical sector globally since 2011, and its expansion remains to significantly surpass that of other substantial chemical-producing nations.
In the last two decades, China's developments in the chemical sector have been powered by swift investment, fragmentation in a wide range of areas, and strong competition.
Europe was the second-largest contributor to the industry in recent years. This can be primarily because of product invention and wide-ranging R&D by pressure vessel manufacturers, and the advancing oil & gas sector in this region.
The boiler category accounted for the largest share of the industry in recent years. This is mainly because of the commencement of many refinery projects as well as the aging power infrastructure.
The steel alloy category will advance at the fastest compound annual growth rate, of approximately 6%, in the years to come. Chromium is one of the most typical alloys found in steel.
Chromium is an important component of stainless steel, and it has a stabilizing effect and results in better carbide production, which makes alloy steel stronger and tougher.
The power category was a significant contributor to the industry in recent years. The need for pressure vessels in the power industry is mainly because of their capability to capture hazardous gases.
Extra gas must be kept at oil refineries and metalworks. RPVs are distinctive pressure vessels employed in the nuclear power industry.
The unfired category will advance at a higher compound annual growth rate during this decade.
This is because an unfired vessel has a lesser overheating risk, it aids as a heat exchanger, and it is highly advantageous in avoiding corrosion produced by very high temperatures and various other related factors.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by material type
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by heat source
- 1.4.5. Market size breakdown, by end user
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2019-2030)
- 6.3. Market Revenue, by Material Type (2019-2030)
- 6.4. Market Revenue, by Application (2019-2030)
- 6.5. Market Revenue, by Heat Source (2019-2030)
- 6.6. Market Revenue, by End User (2019-2030)
- 6.7. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2019-2030)
- 7.3. Market Revenue, by Material Type (2019-2030)
- 7.4. Market Revenue, by Application (2019-2030)
- 7.5. Market Revenue, by Heat Source (2019-2030)
- 7.6. Market Revenue, by End User (2019-2030)
- 7.7. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2019-2030)
- 8.3. Market Revenue, by Material Type (2019-2030)
- 8.4. Market Revenue, by Application (2019-2030)
- 8.5. Market Revenue, by Heat Source (2019-2030)
- 8.6. Market Revenue, by End User (2019-2030)
- 8.7. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2019-2030)
- 9.3. Market Revenue, by Material Type (2019-2030)
- 9.4. Market Revenue, by Application (2019-2030)
- 9.5. Market Revenue, by Heat Source (2019-2030)
- 9.6. Market Revenue, by End User (2019-2030)
- 9.7. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2019-2030)
- 10.3. Market Revenue, by Material Type (2019-2030)
- 10.4. Market Revenue, by Application (2019-2030)
- 10.5. Market Revenue, by Heat Source (2019-2030)
- 10.6. Market Revenue, by End User (2019-2030)
- 10.7. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2019-2030)
- 11.3. Market Revenue, by Material Type (2019-2030)
- 11.4. Market Revenue, by Application (2019-2030)
- 11.5. Market Revenue, by Heat Source (2019-2030)
- 11.6. Market Revenue, by End User (2019-2030)
- 11.7. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2019-2030)
- 12.3. Market Revenue, by Material Type (2019-2030)
- 12.4. Market Revenue, by Application (2019-2030)
- 12.5. Market Revenue, by Heat Source (2019-2030)
- 12.6. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2019-2030)
- 13.3. Market Revenue, by Material Type (2019-2030)
- 13.4. Market Revenue, by Application (2019-2030)
- 13.5. Market Revenue, by Heat Source (2019-2030)
- 13.6. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2019-2030)
- 14.3. Market Revenue, by Material Type (2019-2030)
- 14.4. Market Revenue, by Application (2019-2030)
- 14.5. Market Revenue, by Heat Source (2019-2030)
- 14.6. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2019-2030)
- 15.3. Market Revenue, by Material Type (2019-2030)
- 15.4. Market Revenue, by Application (2019-2030)
- 15.5. Market Revenue, by Heat Source (2019-2030)
- 15.6. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2019-2030)
- 16.3. Market Revenue, by Material Type (2019-2030)
- 16.4. Market Revenue, by Application (2019-2030)
- 16.5. Market Revenue, by Heat Source (2019-2030)
- 16.6. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2019-2030)
- 17.3. Market Revenue, by Material Type (2019-2030)
- 17.4. Market Revenue, by Application (2019-2030)
- 17.5. Market Revenue, by Heat Source (2019-2030)
- 17.6. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2019-2030)
- 18.3. Market Revenue, by Material Type (2019-2030)
- 18.4. Market Revenue, by Application (2019-2030)
- 18.5. Market Revenue, by Heat Source (2019-2030)
- 18.6. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2019-2030)
- 19.3. Market Revenue, by Material Type (2019-2030)
- 19.4. Market Revenue, by Application (2019-2030)
- 19.5. Market Revenue, by Heat Source (2019-2030)
- 19.6. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2019-2030)
- 20.3. Market Revenue, by Material Type (2019-2030)
- 20.4. Market Revenue, by Application (2019-2030)
- 20.5. Market Revenue, by Heat Source (2019-2030)
- 20.6. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2019-2030)
- 21.3. Market Revenue, by Material Type (2019-2030)
- 21.4. Market Revenue, by Application (2019-2030)
- 21.5. Market Revenue, by Heat Source (2019-2030)
- 21.6. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2019-2030)
- 22.3. Market Revenue, by Material Type (2019-2030)
- 22.4. Market Revenue, by Application (2019-2030)
- 22.5. Market Revenue, by Heat Source (2019-2030)
- 22.6. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2019-2030)
- 23.3. Market Revenue, by Material Type (2019-2030)
- 23.4. Market Revenue, by Application (2019-2030)
- 23.5. Market Revenue, by Heat Source (2019-2030)
- 23.6. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2019-2030)
- 24.3. Market Revenue, by Material Type (2019-2030)
- 24.4. Market Revenue, by Application (2019-2030)
- 24.5. Market Revenue, by Heat Source (2019-2030)
- 24.6. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2019-2030)
- 25.3. Market Revenue, by Material Type (2019-2030)
- 25.4. Market Revenue, by Application (2019-2030)
- 25.5. Market Revenue, by Heat Source (2019-2030)
- 25.6. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2019-2030)
- 26.3. Market Revenue, by Material Type (2019-2030)
- 26.4. Market Revenue, by Application (2019-2030)
- 26.5. Market Revenue, by Heat Source (2019-2030)
- 26.6. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2019-2030)
- 27.3. Market Revenue, by Material Type (2019-2030)
- 27.4. Market Revenue, by Application (2019-2030)
- 27.5. Market Revenue, by Heat Source (2019-2030)
- 27.6. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2019-2030)
- 28.3. Market Revenue, by Material Type (2019-2030)
- 28.4. Market Revenue, by Application (2019-2030)
- 28.5. Market Revenue, by Heat Source (2019-2030)
- 28.6. Market Revenue, by End User (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Babcock & Wilcox Enterprises Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. General Electric
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Larsen & Toubro Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Mitsubishi Power Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Hitachi Zosen Corporation
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. IHI Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Bharat Heavy Electricals Limited
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Doosan Mecatec Co. Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Dongfang Turbine Co. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Samuel Son & Co
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
