Pressure Vessels Market Analysis

  • Report ID: 2691
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Pressure Vessels Market Analysis

The pressure vessels market is segmented by material, type, application and by end user. On the basis of material, the market is further segmented into steel, composites, polymers and other alloys, out of which the pressure vessels made of steel is estimated to hold the leading share owing to the beneficial properties of steel which is known to have adequate mechanical strength and current standards. Moreover, steel also offers a high impact resistance, especially for vessels used in low temperatures.

On the basis of type, the market is bifurcated into boilers, separators and nuclear reactors, out of which the boiler type registered the largest market share as it is required for various industrial processes, such as for sizing, bleaching, and others in textile industries and in sugar mills, cement, agricultural and chemical industries. A boiler is a closed container in which water is heated until the water turns into steam at a certain pressure.

Our in-depth analysis of the global market includes the following segments:

           By Material

  • Steel
  • Composites
  • Polymers
  • Other alloys

             By Type

  • Boilers
  • Separators
  • Nuclear Reactors

 

 

           By Application

  • CNG
  • Hydrogen
  • Fire extinguishers
  • Natural Gas

           By End User

  • Power
  • Energy & Petroleum
  •  Oil & Gas
 
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 2691
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of pressure vessels is estimated at USD 53.27 billion.

Pressure Vessels Market size was valued at USD 51.46 billion in 2023 and is likely to cross USD 90.07 billion by 2036, registering more than 4.4% CAGR during the forecast period i.e., between 2024-2036.

Asia Pacific industry is anticipated to hold largest revenue share by 2036, attributed to increasing power and power generation investments in the region.

The major players in the market are Akselos, Doosan Heavy Industries & Construction Co. Ltd., Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Babcock and Wilcox Enterprises, Inc., General Electric Company, IHI Corporation, Samuel Pressure Vessel Group, Westinghouse Electric Company LLC., and others.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample