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

March 2025 | 113 pages | ID: P5068961B9D4EN
Prof Research

US$ 3,200.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Pressure Vessel Market Summary

Introduction
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.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 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 Four 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 Southest 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)
Please ask for sample pages for full companies list
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


More Publications