Quick Summary:
As a leading decision-maker in your organization, staying informed about major market trends is crucial to your strategic planning. Our most recent publication provides an in-depth analysis of the Global Pressure Vessel Market, a sector projected to reach an impressive $267.7 Billion by 2030, with significant growth in both the Chemical and Oil & Gas segments.
This report provides valuable insights into regional market dynamics, prominently, the high-growth prospects within the U.S and China markets. Additionally, it offers a comprehensive evaluation of key competitors, ensuring you're well-prepared to navigate and conquer the competitive landscape. Our unique interactive, peer-to-peer collaborative bespoke updates will provide you tailored information pertinent to your business needs. Moreover, the package includes access to our comprehensive digital archives and a complimentary one-year update service for sustained market tracking advantage. Elevate your business strategy today with our definitive Pressure Vessel Market analysis.
Global Pressure Vessel Market to Reach $267.7 Billion by 2030
The global market for Pressure Vessel estimated at US$174.3 Billion in the year 2022, is projected to reach a revised size of US$267.7 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Chemicals, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$98.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oil & Gas segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $49.3 Billion, While China is Forecast to Grow at 8.8% CAGR
The Pressure Vessel market in the U.S. is estimated at US$49.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$54.2 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 44 Featured) -
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Ltd.
- Dongfang Electric Machinery Co., Ltd.
- Doosan Heavy Industries & Construction Co., Ltd.
- General Electric Company
- Halvorsen Company
- IHI Corporation
- Larsen & Toubro Ltd.
- Mitsubishi Heavy Industries Ltd.
- Pressure Vessels
- Samuel Pressure Vessel Group Inc.
- Westinghouse Electric Company LLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Pressure Vessel?
What is the growth rate of the Global Market for Pressure Vessel?
What is the forecasted size of the Global Market for Pressure Vessel?
Who are the key companies in the Global Market for Pressure Vessel?
| Report Attribute | Details |
|---|---|
| No. of Pages | 293 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 174.3 Billion |
| Forecasted Market Value ( USD | $ 267.7 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Ltd.
- Dongfang Electric Machinery Co., Ltd.
- Doosan Heavy Industries & Construction Co., Ltd.
- General Electric Company
- Halvorsen Company
- IHI Corporation
- Larsen & Toubro Ltd.
- Mitsubishi Heavy Industries Ltd.
- Pressure Vessels
- Samuel Pressure Vessel Group Inc.
- Westinghouse Electric Company LLC
