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Pressure Vessel Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application

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    Report

  • 113 Pages
  • March 2025
  • Region: Global
  • Prof Research
  • ID: 5613740
Description Jump to:
Pressure Vessels are robust containers designed to hold gases or liquids at high pressures, widely used in chemicals, oil and gas, power generation, water and wastewater treatment, and other industrial applications. Constructed from materials like steel or alloys, they ensure safety and efficiency in handling volatile substances. The Pressure Vessel industry is a critical segment of the global industrial equipment market, characterized by its reliance on advanced engineering, compliance with stringent safety standards, and adaptability to diverse industrial processes. The market is driven by demand from energy and chemical sectors, industrial expansion, and infrastructure development, particularly in emerging economies. However, it faces challenges from high fabrication costs, competition from alternative storage solutions, and raw material price volatility, shaping its growth trajectory in a competitive landscape.

Market Size and Growth Forecast

The global Pressure Vessel market is estimated at approximately USD 56.5 to 62.3 billion in 2025, with a projected compound annual growth rate (CAGR) of 2.8% to 4.4% from 2025 to 2030, reaching USD 66.0 to 78.0 billion by 2030. This growth reflects steady demand from key industries, supported by energy and industrial trends, though moderated by cost and regulatory pressures.

Regional Analysis

  • North America: Holding 25-30% of the market share, North America grows at 2-3%. The United States leads with demand in oil and gas and power generation, driven by shale energy production. Trends focus on safety upgrades and energy efficiency.
  • Europe: Accounting for 20-25% of the market share, Europe grows at 1.5-2.5%. Germany and the UK emphasize chemical processing and power, with trends highlighting EU safety standards and sustainability, though growth is tempered by mature markets.
  • Asia Pacific: Representing 35-40% of the market share, this region grows at 4-5%. China and India dominate due to rapid industrialization and chemical growth, with Japan focusing on precision applications. Trends emphasize cost-effective production and infrastructure expansion.
  • Rest of the World: With a 10-15% share, this region grows at 3-4%. Brazil and Saudi Arabia see uptake in oil and gas, driven by energy needs. Trends focus on durable, affordable vessels.

Application Analysis

  • Chemicals: Expected to grow at 3-4%, dominant application (38% share). Trends focus on handling aggressive substances.
  • Oil & Gas: Projected at 2.5-3.5%, key use (31% share). Trends emphasize safety in extraction and refining.
  • Power Generation: Anticipated at 2-3%, significant use (24% share). Trends target efficiency in steam systems.
  • Water and Wastewater: Expected to grow at 3-4%, niche use (2% share). Trends focus on treatment upgrades.
  • Others: Projected at 2-3%, covering minor uses. Trends explore industrial versatility.

Key Market Players

  • IHI: A leader in high-pressure vessel solutions.
  • Morimatsu: Specializes in durable industrial vessels.
  • MITSUBISHI HEAVY INDUSTRIES: Offers advanced vessel designs.
  • Belleli Energy: Provides robust pressure vessels.
  • Brembana&Rolle: Focuses on customized industrial solutions.
These firms compete on safety, durability, and innovation.

Porter's Five Forces Analysis

  • Threat of New Entrants: Medium; high capital and regulatory barriers deter entry, though emerging markets offer opportunities.
  • Threat of Substitutes: Medium; storage tanks compete, but pressure vessels’ high-pressure capability sustains demand.
  • Bargaining Power of Buyers: High; large industrial clients negotiate pricing and quality.
  • Bargaining Power of Suppliers: Medium; reliance on steel gives leverage, offset by sourcing diversity.
  • Competitive Rivalry: High; players compete on safety, cost, and customization.

Market Opportunities and Challenges

Opportunities:

  • Chemical and oil & gas growth in Asia Pacific boosts demand.
  • Power generation upgrades drive adoption.
  • Innovations in safety and efficiency enhance market appeal.

Challenges:

  • High fabrication costs limit adoption in emerging markets.
  • Competition from alternative storage solutions challenges market share.
  • Raw material price volatility affects profitability.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Pressure Vessel Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Pressure Vessel Market in North America (2020-2030)
8.1 Pressure Vessel Market Size
8.2 Pressure Vessel Market by End Use
8.3 Competition by Players/Suppliers
8.4 Pressure Vessel Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Pressure Vessel Market in South America (2020-2030)
9.1 Pressure Vessel Market Size
9.2 Pressure Vessel Market by End Use
9.3 Competition by Players/Suppliers
9.4 Pressure Vessel Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Pressure Vessel Market in Asia & Pacific (2020-2030)
10.1 Pressure Vessel Market Size
10.2 Pressure Vessel Market by End Use
10.3 Competition by Players/Suppliers
10.4 Pressure Vessel Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Pressure Vessel Market in Europe (2020-2030)
11.1 Pressure Vessel Market Size
11.2 Pressure Vessel Market by End Use
11.3 Competition by Players/Suppliers
11.4 Pressure Vessel Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Pressure Vessel Market in MEA (2020-2030)
12.1 Pressure Vessel Market Size
12.2 Pressure Vessel Market by End Use
12.3 Competition by Players/Suppliers
12.4 Pressure Vessel Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Pressure Vessel Market (2020-2025)
13.1 Pressure Vessel Market Size
13.2 Pressure Vessel Market by End Use
13.3 Competition by Players/Suppliers
13.4 Pressure Vessel Market Size by Type
Chapter 14 Global Pressure Vessel Market Forecast (2025-2030)
14.1 Pressure Vessel Market Size Forecast
14.2 Pressure Vessel Application Forecast
14.3 Competition by Players/Suppliers
14.4 Pressure Vessel Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 IHI
15.1.1 Company Profile
15.1.2 Main Business and Pressure Vessel Information
15.1.3 SWOT Analysis of IHI
15.1.4 IHI Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.2 Morimatsu
15.2.1 Company Profile
15.2.2 Main Business and Pressure Vessel Information
15.2.3 SWOT Analysis of Morimatsu
15.2.4 Morimatsu Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.3 MITSUBISHI HEAVY INDUSTRIES
15.3.1 Company Profile
15.3.2 Main Business and Pressure Vessel Information
15.3.3 SWOT Analysis of MITSUBISHI HEAVY INDUSTRIES
15.3.4 MITSUBISHI HEAVY INDUSTRIES Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.4 Belleli Energy
15.4.1 Company Profile
15.4.2 Main Business and Pressure Vessel Information
15.4.3 SWOT Analysis of Belleli Energy
15.4.4 Belleli Energy Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.5 Brembana&Rolle
15.5.1 Company Profile
15.5.2 Main Business and Pressure Vessel Information
15.5.3 SWOT Analysis of Brembana&Rolle
15.5.4 Brembana&Rolle Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.6 Bumhan Mecatec
15.6.1 Company Profile
15.6.2 Main Business and Pressure Vessel Information
15.6.3 SWOT Analysis of Bumhan Mecatec
15.6.4 Bumhan Mecatec Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.7 ilsung
15.7.1 Company Profile
15.7.2 Main Business and Pressure Vessel Information
15.7.3 SWOT Analysis of ilsung
15.7.4 ilsung Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.8 Baglioni Group
15.8.1 Company Profile
15.8.2 Main Business and Pressure Vessel Information
15.8.3 SWOT Analysis of Baglioni Group
15.8.4 Baglioni Group Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.9 China First Heavy Industries Co. Ltd. (CFHI)
15.9.1 Company Profile
15.9.2 Main Business and Pressure Vessel Information
15.9.3 SWOT Analysis of China First Heavy Industries Co. Ltd. (CFHI)
15.9.4 China First Heavy Industries Co. Ltd. (CFHI) Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.10 Lanzhou LS Heavy Machinery Technology Co. Ltd.
15.10.1 Company Profile
15.10.2 Main Business and Pressure Vessel Information
15.10.3 SWOT Analysis of Lanzhou LS Heavy Machinery Technology Co. Ltd.
15.10.4 Lanzhou LS Heavy Machinery Technology Co. Ltd. Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.11 Suzhou THVOW Technology Co. Ltd
15.11.1 Company Profile
15.11.2 Main Business and Pressure Vessel Information
15.11.3 SWOT Analysis of Suzhou THVOW Technology Co. Ltd
15.11.4 Suzhou THVOW Technology Co. Ltd Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.12 Dalian Jinzhou Heavy Machinery Group
15.12.1 Company Profile
15.12.2 Main Business and Pressure Vessel Information
15.12.3 SWOT Analysis of Dalian Jinzhou Heavy Machinery Group
15.12.4 Dalian Jinzhou Heavy Machinery Group Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
15.13 Larsen & Toubro Limited
15.13.1 Company Profile
15.13.2 Main Business and Pressure Vessel Information
15.13.3 SWOT Analysis of Larsen & Toubro Limited
15.13.4 Larsen & Toubro Limited Pressure Vessel Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Pressure Vessel Report
Table Data Sources of Pressure Vessel Report
Table Major Assumptions of Pressure Vessel Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Pressure Vessel Picture
Table Pressure Vessel Classification
Table Pressure Vessel Applications
Table Drivers of Pressure Vessel Market
Table Restraints of Pressure Vessel Market
Table Opportunities of Pressure Vessel Market
Table Threats of Pressure Vessel Market
Table COVID-19 Impact For Pressure Vessel Market
Table Raw Materials Suppliers
Table Different Production Methods of Pressure Vessel
Table Cost Structure Analysis of Pressure Vessel
Table Key End Users
Table Latest News of Pressure Vessel Market
Table Merger and Acquisition
Table Planned/Future Project of Pressure Vessel Market
Table Policy of Pressure Vessel Market
Table 2020-2030 North America Pressure Vessel Market Size
Figure 2020-2030 North America Pressure Vessel Market Size and CAGR
Table 2020-2030 North America Pressure Vessel Market Size by Application
Table 2020-2025 North America Pressure Vessel Key Players Revenue
Table 2020-2025 North America Pressure Vessel Key Players Market Share
Table 2020-2030 North America Pressure Vessel Market Size by Type
Table 2020-2030 United States Pressure Vessel Market Size
Table 2020-2030 Canada Pressure Vessel Market Size
Table 2020-2030 Mexico Pressure Vessel Market Size
Table 2020-2030 South America Pressure Vessel Market Size
Figure 2020-2030 South America Pressure Vessel Market Size and CAGR
Table 2020-2030 South America Pressure Vessel Market Size by Application
Table 2020-2025 South America Pressure Vessel Key Players Revenue
Table 2020-2025 South America Pressure Vessel Key Players Market Share
Table 2020-2030 South America Pressure Vessel Market Size by Type
Table 2020-2030 Brazil Pressure Vessel Market Size
Table 2020-2030 Argentina Pressure Vessel Market Size
Table 2020-2030 Chile Pressure Vessel Market Size
Table 2020-2030 Peru Pressure Vessel Market Size
Table 2020-2030 Asia & Pacific Pressure Vessel Market Size
Figure 2020-2030 Asia & Pacific Pressure Vessel Market Size and CAGR
Table 2020-2030 Asia & Pacific Pressure Vessel Market Size by Application
Table 2020-2025 Asia & Pacific Pressure Vessel Key Players Revenue
Table 2020-2025 Asia & Pacific Pressure Vessel Key Players Market Share
Table 2020-2030 Asia & Pacific Pressure Vessel Market Size by Type
Table 2020-2030 China Pressure Vessel Market Size
Table 2020-2030 India Pressure Vessel Market Size
Table 2020-2030 Japan Pressure Vessel Market Size
Table 2020-2030 South Korea Pressure Vessel Market Size
Table 2020-2030 Southeast Asia Pressure Vessel Market Size
Table 2020-2030 Australia Pressure Vessel Market Size
Table 2020-2030 Europe Pressure Vessel Market Size
Figure 2020-2030 Europe Pressure Vessel Market Size and CAGR
Table 2020-2030 Europe Pressure Vessel Market Size by Application
Table 2020-2025 Europe Pressure Vessel Key Players Revenue
Table 2020-2025 Europe Pressure Vessel Key Players Market Share
Table 2020-2030 Europe Pressure Vessel Market Size by Type
Table 2020-2030 Germany Pressure Vessel Market Size
Table 2020-2030 France Pressure Vessel Market Size
Table 2020-2030 United Kingdom Pressure Vessel Market Size
Table 2020-2030 Italy Pressure Vessel Market Size
Table 2020-2030 Spain Pressure Vessel Market Size
Table 2020-2030 Belgium Pressure Vessel Market Size
Table 2020-2030 Netherlands Pressure Vessel Market Size
Table 2020-2030 Austria Pressure Vessel Market Size
Table 2020-2030 Poland Pressure Vessel Market Size
Table 2020-2030 Russia Pressure Vessel Market Size
Table 2020-2030 MEA Pressure Vessel Market Size
Figure 2020-2030 MEA Pressure Vessel Market Size and CAGR
Table 2020-2030 MEA Pressure Vessel Market Size by Application
Table 2020-2025 MEA Pressure Vessel Key Players Revenue
Table 2020-2025 MEA Pressure Vessel Key Players Market Share
Table 2020-2030 MEA Pressure Vessel Market Size by Type
Table 2020-2030 Egypt Pressure Vessel Market Size
Table 2020-2030 Israel Pressure Vessel Market Size
Table 2020-2030 South Africa Pressure Vessel Market Size
Table 2020-2030 Gulf Cooperation Council Countries Pressure Vessel Market Size
Table 2020-2030 Turkey Pressure Vessel Market Size
Table 2020-2025 Global Pressure Vessel Market Size by Region
Table 2020-2025 Global Pressure Vessel Market Size Share by Region
Table 2020-2025 Global Pressure Vessel Market Size by Application
Table 2020-2025 Global Pressure Vessel Market Share by Application
Table 2020-2025 Global Pressure Vessel Key Vendors Revenue
Figure 2020-2025 Global Pressure Vessel Market Size and Growth Rate
Table 2020-2025 Global Pressure Vessel Key Vendors Market Share
Table 2020-2025 Global Pressure Vessel Market Size by Type
Table 2020-2025 Global Pressure Vessel Market Share by Type
Table 2025-2030 Global Pressure Vessel Market Size by Region
Table 2025-2030 Global Pressure Vessel Market Size Share by Region
Table 2025-2030 Global Pressure Vessel Market Size by Application
Table 2025-2030 Global Pressure Vessel Market Share by Application
Table 2025-2030 Global Pressure Vessel Key Vendors Revenue
Figure 2025-2030 Global Pressure Vessel Market Size and Growth Rate
Table 2025-2030 Global Pressure Vessel Key Vendors Market Share
Table 2025-2030 Global Pressure Vessel Market Size by Type
Table 2025-2030 Pressure Vessel Global Market Share by Type

Companies Mentioned

  • IHI
  • Morimatsu
  • MITSUBISHI HEAVY INDUSTRIES
  • Belleli Energy
  • Brembana&Rolle
  • Bumhan Mecatec
  • ilsung
  • Baglioni Group
  • China First Heavy Industries Co. Ltd. (CFHI)
  • Lanzhou LS Heavy Machinery Technology Co. Ltd.
  • Suzhou THVOW Technology Co. Ltd
  • Dalian Jinzhou Heavy Machinery Group
  • Larsen & Toubro Limited
  • ISGEC Heavy Engineering Ltd
  • Nanjing Baose Co. Ltd
  • Zhangjiagang Furui Special Equipment
  • Lanpec Technologies Limited
  • Sichuan Kexin Mechanical and Electrical Equipment Co. Ltd.

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