Market Research ReportEnergy & Power

Pressure Vessel Market

Pressure Vessel Market Research Report: Size, Share, Trend Analysis Type (Boilers, Nuclear Reactors, Separators, Others), Material (Steel Alloy, Composites, Other Alloy), Application (Oil & Gas, Chemicals, Power Generation, Application_Others) and By Region (Middle East and Africa, North America, Asia Pacific, Europe, South America) - Growth Outlook & Industry Forecast To 2025

Vertical: EnPBase Year: 2018

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Executive Summary

Pressure Vessel Market — Snapshot

  • Market Size (2018)

    $156.80M

  • Projected (2025)

    $225.70M

  • CAGR (2017–2025)

    5.3%

  • Key Players

    11+

The demand for pressure vessels is growing rapidly in the global market owing to various factors, including increasing power generation capacity and the rapid growth of the chemical industry in the Middle East.

The global pressure vessel market is projected to grow at 5.45% CAGR during the forecast period, 2019–2025. In 2018, the global pressure vessel market was dominated by Asia-Pacific with a 35.52% share, followed by North America and Europe, with shares of 24.05% and 19.24%, respectively.

The global pressure vessel market has been segmented based on type, material, application, and region. Based on type, the global pressure vessel market has been classified into boilers, nuclear reactors, separators, and others. The boilers segment is expected to grow at a faster rate during the forecast period. In 2018, the boilers segment held a 41.70% share of the global pressure vessel market.

Based on material, the global pressure vessel market has been divided into steel alloys, composites, and others. The composites segment is expected to grow at a faster rate during the forecast period. In 2018, the steel alloy segment held a 41.53% share of the global pressure vessel market.

Based on application, the global pressure vessel market has been segmented into oil & gas, chemical, power generation, and others. The oil & gas segment is expected to grow at a faster rate during the forecast period. In 2018, the chemical segment held a 32.98% share of the global pressure vessel market.

Based on region, the global pressure vessel market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2018, Asia-Pacific held a 35.52% share of the global pressure vessel market.

Key Insight

The Pressure Vessel Market market is projected to grow at a CAGR of 5.3% from 2017 to 2025.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
  • Market Segmentation: The market is analyzed across 4 segments: Boilers, Nuclear Reactors, Others, Separators. Forecasts are provided for each segment from 2017 to 2025.
  • Competitive Landscape: 11 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Pressure Vessel Market

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