Pressure Vessels Market Outlook:
Pressure Vessels Market size was over USD 27 billion in 2025 and is estimated to reach USD 56.7 billion by the end of 2035, expanding at a CAGR of 8.6% during the forecast timeline, i.e., 2026-2035. In 2026, the industry size of pressure vessels is assessed at USD 29.3 billion.
The international pressure vessels market comprises severe components across different industries, including renewables, power generation, chemicals, along with oil and gas. These vessels are significantly designed to safely contain liquids or gases under high pressure, and the market’s growth is underpinned by the evolving global energy shift, stringent safety regulations, and industrial demands. According to an article published by the IEA Organization in 2025, there has been a surge in the worldwide energy demand by 2.2% as of 2024, denoting a notably faster rate than the yearly average of 1.3% as observed in 2023. This growth has taken place partially owing to critical weather conditions, which are predicted to add 0.3% points to the 2.2% upliftment. Moreover, the growth in energy depends on a variety of sources, which is continuously propelling the market across different nations.
Global Energy Demand Growth Share by Source (2024)
|
Source Type |
Share % |
|
Renewables |
38 |
|
Natural Gas |
28 |
|
Coal |
15 |
|
Oil |
11 |
|
Nuclear |
8 |
Source: IEA Organization
Furthermore, the adoption of advanced materials, the Internet of Things (IoT) and digitalization, renewables and the hydrogen economy, as well as customized and modular designs, are other factors that are driving the pressure vessels market growth and expansion. As per an article published by the U.S. Department of Energy (DOE) in October 2025, the existence of the Manufacturing Demonstration Facility, which is a 110,000 square foot infrastructure, is readily focused on escalating the development of energy technologies. In addition, operational activities at this facility have resulted in over USD 1 billion in follow-on economic work, and it is readily continuing to offer standard service for researchers in the energy technology space. Besides, as stated in the January 2025 NLM article, the international advanced material market has been estimated to be valued at USD 500 billion in 2023, and is further forecasted to reach USD 700 billion by the end of 2028, thus proliferating the market’s upliftment.
