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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 293 |
Published | April 2024 |
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 |