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Market Research Report
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1007795

Global Pressure Vessels Market Size study, by Material, by Product, by End-Use and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Pressure Vessels Market Size study, by Material, by Product, by End-Use and Regional Forecasts 2021-2027
Published: May 25, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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Description

Global Pressure Vessels Market is valued approximately USD 172.64 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.95% over the forecast period 2021-2027. A pressure vessel is a locked container intended to hold gases or liquids at a pressure considerably higher or lower than the ambient pressure. These vessels have a variety of purposes in the industrial market and the private sector. They are used as distillation towers, hydraulic reservoirs, and containers of liquefied gases. Industrially, pressure vessels can be used for high-pressure or low-pressure control, depending on the need and the materials used. In chemical industry, a pressure vessel is the device in which a major process (chemical reaction) is carried out. They are used to contain harmful gases in power and energy sector. Pressure vessel is frequently used as a receiver where physical and chemical processes take place at high temperatures and pressures in oil and gas industry. Above-mentioned uses have increased the demand of pressure vessels across industries. Growth of end-use industries, especially chemical and petrochemical, coupled with increased awareness regarding regulation standards in heavy usage industries, are driving the growth of Pressure Vessels market. According to European Chemical Industry Council, Global chemical sales (apart from pharmaceuticals) are expected to touch USD 7.97 trillion by 2030 from USD 4.19 trillion in 2017. Asia is estimated to account for 70 per cent of total sales. According to Indian Brand Equity Foundation projects chemical industry is expected to reach US$ 304 billion by 2025 from US$ 178 billion in 2019, with a growth rate of 9.3%. This significant growth of chemical industry will drive the market of pressure vessels in the forthcoming decade 2020-30. Because vessels work under huge pressures, a broken pressure vessel can be incredibly hazardous, leading to poison gas leaks, fires, and even explosions. This hazardous nature may act as a restraint for its growth. However, increasing efforts for oil and gas exploration to fulfill the demands for fuel acts as an opportunity for Pressure Vessels Market in subsequent decade.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Pressure Vessels Market. Due to higher demand from oil and gas industry as well as more investments in better factory equipment compared other regions, North America is the significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing chemical and power industry. Governmental support for adoption of certified equipment in industries will also boost growth in this region.

Major market player included in this report are:

IHI Corporation

Babcock & Wilcox Enterprises, Inc.

Pressure Vessels (India)

Mitsubishi Hitachi Power Systems, Ltd.

Samuel, Son & Co.

Alloy Products Corp

Abbott & Co (Newark) Ltd.

Doosan Heavy Industries & Construction

Bharat Heavy Electricals Limited

Larsen & Toubro Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:

Hastelloy

Titanium

Nickel & Nickel Alloys

Tantalum

Steel

Others

By Product:

Boiler

Nuclear Reactor

Separator

Others

By End-Use:

Chemicals & Petrochemicals

Oil & Gas

Power Generation

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global Pressure Vessels Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1.Executive Summary

  • 1.1. Market Snapshot
    • 1.1.1. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.1.2. Pressure Vessels Market, by Material, 2019-2027 (USD Billion)
    • 1.1.3. Pressure Vessels Market, by Product, 2019-2027 (USD Billion)
    • 1.1.4. Pressure Vessels Market, by End-Use, 2019-2027 (USD Billion)
  • 1.2. Key Trends
  • 1.3. Estimation Methodology
  • 1.4. Research Assumption

Chapter 2. Global Pressure Vessels Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Pressure Vessels Market Dynamics

  • 3.1. Pressure Vessels Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Growth of chemical and power industries
      • 3.1.1.2. Growing awareness for certified and standard equipment
    • 3.1.2. Market Challenges
      • 3.1.2.1. Hazardous nature of leak from pressure vessels
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Increasing exploration activities in oil & gas industries

Chapter 4. Global Pressure Vessels Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Pressure Vessels Market, by Material

  • 5.1. Market Snapshot
  • 5.2. Global Pressure Vessels Market by Material, Performance - Potential Analysis
  • 5.3. Global Pressure Vessels Market Estimates & Forecasts by Material 2018-2027 (USD Billion)
  • 5.4. Pressure Vessels Market, Sub Segment Analysis
    • 5.4.1. Hastelloy
    • 5.4.2. Titanium
    • 5.4.3. Nickel & Nickel Alloys
    • 5.4.4. Tantalum
    • 5.4.5. Steel
    • 5.4.6. Others

Chapter 6. Global Pressure Vessels Market, by Product

  • 6.1. Market Snapshot
  • 6.2. Global Pressure Vessels Market by Product, Performance - Potential Analysis
  • 6.3. Global Pressure Vessels Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
  • 6.4. Pressure Vessels Market, Sub Segment Analysis
    • 6.4.1. Boiler
    • 6.4.2. Nuclear Reactor
    • 6.4.3. Separator
    • 6.4.4. Others

Chapter 7. Global Pressure Vessels Market, by End-Use

  • 7.1. Market Snapshot
  • 7.2. Global Pressure Vessels Market by End-Use, Performance - Potential Analysis
  • 7.3. Global Pressure Vessels Market Estimates & Forecasts by End-Use 2018-2027 (USD Billion)
  • 7.4. Pressure Vessels Market, Sub Segment Analysis
    • 7.4.1. Chemicals & Petrochemicals
    • 7.4.2. Oil & Gas
    • 7.4.3. Power Generation
    • 7.4.4. Others

Chapter 8. Global Pressure Vessels Market, Regional Analysis

  • 8.1. Pressure Vessels Market, Regional Market Snapshot
  • 8.2. North America Pressure Vessels Market
    • 8.2.1. U.S. Pressure Vessels Market
      • 8.2.1.1. Material breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Product breakdown estimates & forecasts, 2018-2027
      • 8.2.1.3. End-Use breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada Pressure Vessels Market
  • 8.3. Europe Pressure Vessels Market Snapshot
    • 8.3.1. U.K. Pressure Vessels Market
    • 8.3.2. Germany Pressure Vessels Market
    • 8.3.3. France Pressure Vessels Market
    • 8.3.4. Spain Pressure Vessels Market
    • 8.3.5. Italy Pressure Vessels Market
    • 8.3.6. Rest of Europe Pressure Vessels Market
  • 8.4. Asia-Pacific Pressure Vessels Market Snapshot
    • 8.4.1. China Pressure Vessels Market
    • 8.4.2. India Pressure Vessels Market
    • 8.4.3. Japan Pressure Vessels Market
    • 8.4.4. Australia Pressure Vessels Market
    • 8.4.5. South Korea Pressure Vessels Market
    • 8.4.6. Rest of Asia Pacific Pressure Vessels Market
  • 8.5. Latin America Pressure Vessels Market Snapshot
    • 8.5.1. Brazil Pressure Vessels Market
    • 8.5.2. Mexico Pressure Vessels Market
  • 8.6. Rest of The World Pressure Vessels Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. IHI Corporation
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Babcock & Wilcox Enterprises, Inc.
    • 9.2.3. Pressure Vessels (India)
    • 9.2.4. Mitsubishi Hitachi Power Systems, Ltd.
    • 9.2.5. Samuel, Son & Co.
    • 9.2.6. Alloy Products Corp
    • 9.2.7. Abbott & Co (Newark) Ltd.
    • 9.2.8. Doosan Heavy Industries & Construction
    • 9.2.9. Bharat Heavy Electricals Limited
    • 9.2.10. Larsen & Toubro Limited

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Pressure Vessels Market, report scope
  • TABLE 2. Global Pressure Vessels Market estimates & forecasts by Region 2018-2027 (USD Billion)
  • TABLE 3. Global Pressure Vessels Market estimates & forecasts by Material 2018-2027 (USD Billion)
  • TABLE 4. Global Pressure Vessels Market estimates & forecasts by Product 2018-2027 (USD Billion)
  • TABLE 5. Global Pressure Vessels Market estimates & forecasts by End-Use 2018-2027 (USD Billion)
  • TABLE 6. Global Pressure Vessels Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Pressure Vessels Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Pressure Vessels Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Pressure Vessels Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Pressure Vessels Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Pressure Vessels Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Pressure Vessels Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Pressure Vessels Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Pressure Vessels Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Pressure Vessels Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. U.S. Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. U.S. Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. U.S. Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 19. Canada Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Canada Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. Canada Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 22. UK Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 23. UK Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. UK Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. Germany Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 26. Germany Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. Germany Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. RoE Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 29. RoE Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. RoE Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. China Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 32. China Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. China Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. India Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 35. India Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. India Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. Japan Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 38. Japan Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. Japan Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. RoAPAC Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. RoAPAC Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. Brazil Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 44. Brazil Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. Brazil Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. Mexico Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 47. Mexico Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. Mexico Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. RoLA Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 50. RoLA Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. RoLA Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. Row Pressure Vessels Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 53. Row Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. Row Pressure Vessels Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. List of secondary sources, used in the study of global Pressure Vessels Market
  • TABLE 56. List of primary sources, used in the study of global Pressure Vessels Market
  • TABLE 57. Years considered for the study
  • TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Pressure Vessels Market, research methodology
  • FIG 2. Global Pressure Vessels Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Pressure Vessels Market, key trends 2020
  • FIG 5. Global Pressure Vessels Market, growth prospects 2021-2027
  • FIG 6. Global Pressure Vessels Market, porters 5 force model
  • FIG 7. Global Pressure Vessels Market, pest analysis
  • FIG 8. Global Pressure Vessels Market, value chain analysis
  • FIG 9. Global Pressure Vessels Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Pressure Vessels Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Pressure Vessels Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Pressure Vessels Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Pressure Vessels Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Pressure Vessels Market, regional snapshot 2018 & 2027
  • FIG 15. North America Pressure Vessels Market 2018 & 2027 (USD Billion)
  • FIG 16. Europe Pressure Vessels Market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific Pressure Vessels Market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America Pressure Vessels Market 2018 & 2027 (USD Billion)
  • FIG 19. Global Pressure Vessels Market, company market share analysis (2020)