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Pressure Vessel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

November 2022 | 143 pages | ID: PAF26CD3CB73EN
IMARC Group

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The global pressure vessel market size reached US$ 22.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.57% during 2022-2027.

Pressure vessels are spherical or cylindrical containers used to store high-pressure gases or liquids. They comprise components, such as distributor trays, catalyst support grids, baffles, and de-mister pads. At present, the production of pressure vessels is inspected under the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessel Code. These standards aid in eliminating redundant fabrication, reducing traceability and inspection, improving quality control, and minimizing the overall cost.

Pressure Vessel Market Trends:
A considerable rise in the need for energy around the world on account of rapid urbanization and increasing reliance on smart devices represents one of the key factors strengthening the growth of the market. Pressure vessels are widely utilized as receivers wherein physical and chemical processes undertake at high temperatures and pressures. As a result, there is a significant rise in the employment of these vessels in the oil and gas industry across the globe. Moreover, pressure vessels are adopted in the chemical industry worldwide as they assist in combining, dividing, and removing directions of an existing product. They also offer benefits, such as resistance from cross-contamination and corrosion. Furthermore, leading players are introducing advanced pressure vessels, such as pressure boilers. This, in confluence with the growing usage of supercritical power generation technology, is creating a favorable market outlook. Besides this, the escalating demand for customized vessels is offering lucrative growth opportunities to market players across the globe. Some of the other major factors, including the thriving chemical and petrochemical industry, the increasing requirement for cooling and heating equipment, and extensive investments in exploration and production activities by leading oil and gas companies, are anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pressure vessel market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, product and end use.

Breakup by Material:

Hastelloy
Titanium
Nickel and Nickel Alloys
Tantalum
Steel
Stainless Steel
Duplex Steel
Carbon Steel
Super Duplex Steel
Others
Others

Breakup by Product:

Boiler
Nuclear Reactor
Separator
Others

Breakup by End Use:

Chemicals and Petrochemicals
Oil and Gas
Power Generation
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott & Co (Newark) Ltd., Alloy Products Corp., Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, Doosan Heavy Industries & Construction, GEA Group Aktiengesellschaft, Halvorsen Company, IHI Corporation, Larsen & Toubro Limited, Mitsubishi Power Ltd., Pressure Vessels (India) and Samuel Son & Co.

Key Questions Answered in This Report:
How has the global pressure vessel market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global pressure vessel market?
What are the key regional markets?
What is the breakup of the market based on the material?
What is the breakup of the market based on the product?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global pressure vessel market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PRESSURE VESSEL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY MATERIAL

6.1 Hastelloy
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Titanium
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Nickel & Nickel Alloys
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Tantalum
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Steel
  6.5.1 Market Trends
  6.5.2 Key Segments
    6.5.2.1 Stainless Steel
    6.5.2.2 Duplex Steel
    6.5.2.3 Carbon Steel
    6.5.2.4 Super Duplex Steel
    6.5.2.5 Others
  6.5.3 Market Forecast
6.6 Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY PRODUCT

7.1 Boiler
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Nuclear Reactor
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Separator
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY END USE

8.1 Chemicals and Petrochemicals
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Oil and Gas
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Power Generation
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Abbott & Co (Newark) Ltd.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Alloy Products Corp.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Babcock & Wilcox Enterprises Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4 Bharat Heavy Electricals Limited
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Doosan Heavy Industries & Construction
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 GEA Group Aktiengesellschaft
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Halvorsen Company
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 IHI Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Larsen & Toubro Limited
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10 Mitsubishi Power Ltd.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Pressure Vessels (India)
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 Samuel Son & Co.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Pressure Vessel Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Pressure Vessel Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Pressure Vessel Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Pressure Vessel Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Pressure Vessel Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Pressure Vessel Market: Competitive Structure
Table 7: Global: Pressure Vessel Market: Key Players

LIST OF FIGURES

Figure 1: Global: Pressure Vessel Market: Major Drivers and Challenges
Figure 2: Global: Pressure Vessel Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Pressure Vessel Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Pressure Vessel Market: Breakup by Material (in %), 2021
Figure 5: Global: Pressure Vessel Market: Breakup by Product (in %), 2021
Figure 6: Global: Pressure Vessel Market: Breakup by End Use (in %), 2021
Figure 7: Global: Pressure Vessel Market: Breakup by Region (in %), 2021
Figure 8: Global: Pressure Vessel (Hastelloy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Pressure Vessel (Hastelloy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Pressure Vessel (Titanium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Pressure Vessel (Titanium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Pressure Vessel (Nickel and Nickel Alloys) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Pressure Vessel (Nickel and Nickel Alloys) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Pressure Vessel (Tantalum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Pressure Vessel (Tantalum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Pressure Vessel (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Pressure Vessel (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Pressure Vessel (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Pressure Vessel (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Pressure Vessel (Boiler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Pressure Vessel (Boiler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Pressure Vessel (Nuclear Reactor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Pressure Vessel (Nuclear Reactor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Pressure Vessel (Separator) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Pressure Vessel (Separator) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Pressure Vessel (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Pressure Vessel (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Pressure Vessel (Chemicals and Petrochemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Pressure Vessel (Chemicals and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Pressure Vessel (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Pressure Vessel (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Pressure Vessel (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Pressure Vessel (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Pressure Vessel (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Pressure Vessel (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Pressure Vessel Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Pressure Vessel Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Pressure Vessel Industry: SWOT Analysis
Figure 86: Global: Pressure Vessel Industry: Value Chain Analysis
Figure 87: Global: Pressure Vessel Industry: Porter's Five Forces Analysis


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