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Pressure Vessels Market Size, Share & Trends Analysis Report by Material (Hastelloy, Steel), by Product (Boiler, Nuclear Reactor), by End Use (Chemicals & Petrochemicals, Power Generation), and Segment Forecasts, 2020 - 2027

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    Report

  • July 2020
  • Region: Global
  • Grand View Research
  • ID: 5135501
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Pressure Vessels Market Growth & Trends

The global pressure vessels market size is expected to reach USD 250.6 billion by 2027 registering a CAGR of 5.2%. The growing demand for pressure vessels in chemical & petrochemical and oil & gas industries is expected to drive market growth.

Pressure vessels are containers used to hold high-pressure gases and liquids in various application industries including petrochemicals, chemicals, natural gas storage systems, nuclear reactor vessels, distillation towers, and hot water storage tanks. The ever increasing need for energy is anticipated to propel the product demand in various application industries.

Increasing chemical demand from various end-use industries is encouraging new capital investment in chemical industry. The production capacity of chemicals is expected to increase on account of setting up of new chemical facilities. This is expected to augment the demand for various types of pressure vessels and storage tanks used in different chemical processes.

The global market is fragmented with major companies striving for market leadership. Key players focus on forward integration to maximize their profits and expand their regional presence across the globe. In addition, manufacturers are expected to tie up with engineering solution providers to deliver high-quality product solutions at affordable prices.

Pressure Vessels Market Report Highlights
  • Steel led the overall market and accounted for over 30% of overall revenue share in 2019 owing to its characteristics, such as high chemical & corrosion resistance and ability to withstand sunlight, humid conditions, and high temperature
  • Boilers product segment accounted for the largest revenue share of 60.3% in 2019 owing to superior performance of these products in various industrial processes
  • Asia Pacific led the global market with a share of 35.8% in 2019 owing to rising installation of nuclear powerhouses and rapidly expanding oil & gas and chemical sectors in the region
  • Europe was the second-largest regional market in 2019 on account of technological advancements, pertaining to the superior performance of various types of pressure vessels
  • Presence of several local companies in Asia is expected to pose a significant threat to key global companies, mainly in terms of product price and quality


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Analyst's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.2.1. Major Raw Material Trends Analysis
3.3. Regulatory Framework
3.4. Technology Framework
3.5. Pressure Vessels Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environmental Tools Analysis: Pressure Vessels Market
3.6.1. Porter’s Five Forces Analysis
3.6.1.1. Bargaining Power of Suppliers
3.6.1.2. Bargaining Power of Buyers
3.6.1.3. Threat of Substitution
3.6.1.4. Threat of New Entrants
3.6.1.5. Competitive Rivalry
3.6.2. PESTLE Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technology Landscape
3.6.2.5. Environmental Landscape
3.6.2.6. Legal Landscape
Chapter 4. Pressure Vessels Market: Material Estimates & Trend Analysis
4.1. Pressure Vessels Market: Material Movement Analysis, 2019 & 2027
4.2. Hastelloy
4.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.3. Titanium
4.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.4. Nickel & Nickel Alloys
4.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.5. Tantalum
4.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6. Steel
4.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6.2. Stainless Steel
4.6.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6.3. Duplex Steel
4.6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6.4. Carbon Steel
4.6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6.5. Super Duplex Steel
4.6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6.6. Others
4.6.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.7. Others
4.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5. Pressure Vessels Market: Product Estimates & Trend Analysis
5.1. Pressure Vessels Market: Product Movement Analysis, 2019 & 2027
5.2. Boiler
5.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.3. Nuclear Reactor
5.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.4. Separator
5.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.5. Others
5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 6. Pressure Vessels Market: End-Use Estimates & Trend Analysis
6.1. Pressure Vessels Market: End-Use Movement Analysis, 2019 & 2027
6.2. Chemicals & Petrochemicals
6.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3. Oil & Gas
6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.4. Power Generation
6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.5. Others
6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 7. Pressure Vessels Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. Pressure Vessels Market: Regional Movement Analysis, 2019 & 2027
7.3. North America
7.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.3.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.3.5. U.S.
7.3.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.3.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.3.6. Canada
7.3.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.6.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.3.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.6.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.3.7. Mexico
7.3.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.7.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.3.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.7.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.4. Europe
7.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.4.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.4.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.4.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.4.5. Germany
7.4.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.4.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.4.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.4.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.4.6. France
7.4.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.4.6.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.4.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.4.6.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.4.7. Italy
7.4.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.4.7.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.4.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.4.7.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.5. Asia Pacific
7.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.5.5. China
7.5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.5.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.5.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.5.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.5.6. India
7.5.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.5.6.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.5.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.5.6.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.5.7. Japan
7.5.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.5.7.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.5.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.5.7.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.6. Central & South America
7.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.6.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.6.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.6.5. Brazil
7.6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.6.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.6.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.6.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7. Middle East & Africa
7.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7.5. UAE
7.7.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.5.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.5.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7.6. Saudi Arabia
7.7.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.6.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.6.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7.7. South Africa
7.7.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.7.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.7.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7.8. Turkey
7.7.8.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.8.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.8.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.8.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
7.7.9. Nigeria
7.7.9.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.9.2. Market estimates and forecasts, by material, 2016 - 2027 (USD Million)
7.7.9.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.9.4. Market estimates and forecasts, by end-use, 2016 - 2027 (USD Million)
Chapter 8. Competitive Landscape
8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Competitive Dashboard
8.3. Vendor Landscape
8.3.1. List of raw material suppliers
8.3.2. List of Manufacturers, by Geographical Presence
8.3.3. List of Distributors
8.3.4. List of Key End Users, by Country
8.4. Strategic Framework
Chapter 9. Company Profiles
9.1. IHI Corporation
9.1.1. Company overview
9.1.2. Financial performance
9.1.3. Product benchmarking
9.1.4. Strategic initiatives
9.2. Babcock & Wilcox Enterprises, Inc.
9.2.1. Company overview
9.2.2. Financial performance
9.2.3. Product benchmarking
9.2.4. Strategic initiatives
9.3. Pressure Vessels (India)
9.3.1. Company overview
9.3.2. Financial performance
9.3.3. Product benchmarking
9.3.4. Strategic initiatives
9.4. Mitsubishi Hitachi Power Systems, Ltd.
9.4.1. Company overview
9.4.2. Financial performance
9.4.3. Product benchmarking
9.4.4. Strategic initiatives
9.5. Samuel, Son & Co.
9.5.1. Company overview
9.5.2. Financial performance
9.5.3. Product benchmarking
9.5.4. Strategic initiatives
9.6. Alloy Products Corp
9.6.1. Company overview
9.6.2. Financial performance
9.6.3. Product benchmarking
9.6.4. Strategic initiatives
9.7. Abbott & Co (Newark) Ltd.
9.7.1. Company overview
9.7.2. Financial performance
9.7.3. Product benchmarking
9.7.4. Strategic initiatives
9.8. Doosan Heavy Industries & Construction
9.8.1. Company overview
9.8.2. Financial performance
9.8.3. Product benchmarking
9.8.4. Strategic initiatives
9.9. Bharat Heavy Electricals Limited
9.9.1. Company overview
9.9.2. Financial performance
9.9.3. Product benchmarking
9.9.4. Strategic initiatives
9.10. LARSEN & TOUBRO LIMITED
9.10.1. Company overview
9.10.2. Financial performance
9.10.3. Product benchmarking
9.10.4. Strategic initiatives
9.11. Mersen
9.11.1. Company overview
9.11.2. Financial performance
9.11.3. Product benchmarking
9.11.4. Strategic initiatives
9.12. Xylem Inc.
9.12.1. Company overview
9.12.2. Financial performance
9.12.3. Product benchmarking
9.12.4. Strategic initiatives
9.13. Tinita Engineering Pvt. Ltd
9.13.1. Company overview
9.13.2. Financial performance
9.13.3. Product benchmarking
9.13.4. Strategic initiatives
9.14. WCR Inc
9.14.1. Company overview
9.14.2. Financial performance
9.14.3. Product benchmarking
9.14.4. Strategic initiatives

Companies Mentioned

  • 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
  • Mersen
  • Xylem Inc.
  • Tinita Engineering Pvt. Ltd
  • WCR Inc

Methodology

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