Pressure Vessels Market
Pressure Vessels Market Analysis by Boilers, Reactors, Heat Exchangers, and Autoclaves in Stainless Steel, Titanium, Aluminum, and Others from 2023 to 2033
Analysis of Pressure Vessels Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pressure Vessels Market Outlook (2023 to 2033)
Newly released Pressure Vessels Market analysis report by Fact.MR reveals that global sales of Pressure Vessels in 2022 were held at US$ 11.1 Billion. With a 4.9% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 18.7 Billion by the end of the forecast period. Autoclaves are expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 4.3% from 2023 to 2033.
| Attributes | Details |
|---|---|
|
Global Pressure Vessels Market Size (2023) |
US$ 11.6 Billion |
|
Global Pressure Vessels Market Size (2033) |
US$ 18.7 Billion |
|
Global Pressure Vessels Market CAGR (2023-2033) |
4.9% |
|
U.S Pressure Vessels Market CAGR (2023 – 2033) |
4.3% |
|
Key Companies Covered |
|
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Revenue of Pressure Vessels Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the Pressure Vessels Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased by around 0.9% CAGR. With an absolute dollar opportunity of US$ 7 Billion, the market is projected to reach a US$ 18.7 Billion valuation by 2033.
What Key Factors are influencing the Market Expansion?
Industrial growth and increasing safety regulations are the two key market drivers. Firstly, industrial growth plays a significant role in driving the demand for pressure vessels. As various industries expand and develop, the need for efficient storage and transportation of liquids and gases also increase. Pressure vessels are crucial components in sectors like oil and gas, chemical processing, power generation, and pharmaceuticals, where they are used for storing and transporting substances under high pressure or temperature conditions.
According to the United Nations Industrial Development Organization (UNIDO), global manufacturing output has been steadily increasing. In 2022, global manufacturing value added reached US$ 16.38 Trillion, representing steady growth rate of 15.38% compared to the previous year. This indicates the growing global industrialization, which will further lead to the increased pressure vessels demand.
Along with these regulations and quality standards imposed by government, regulatory bodies play a crucial role in driving the market. Government regulations establish a framework that manufacturers must comply with to meet specific safety requirements. For instance, the American Society of Mechanical Engineers (ASME) Boilers and Pressure Vessel Code sets comprehensive standards for the design, construction, and inspection of pressure vessels in the United States. Manufacturers must adhere to these codes to obtain the necessary certifications and permits for their products.
Similar regulatory framework exists in other regions and countries, such as the pressure equipment directive (PED) in European Union and the National Board Inspection Code (NBIC) in Canada. Compliance with these regulations ensures that the pressure vessels meet minimum safety requirements and are suitable for their intended applications. Moreover, regulatory bodies conduct inspections and audits to verify compliance with regulations and standards.
These oversight mechanisms create a level playing field for manufacturers, ensuring that they meet the same standards and maintain a certain level of product quality. Consequently, this promotes healthy competition and drives manufacturers to continuously improve their processes and product offerings. Thus, by driving manufacturers to meet these requirements, regulatory framework, and quality standards contribute to the overall growth and sustainability of the pressure vessels manufacturing market.
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Which Region is projected to offer Significant Demand for Pressure Vessels?
North America had a market size of US$ 3.2 Billion in 2022 and is projected to have a market worth US$ 5.1 Billion by 2033.
The expanding industrial sector, increasing energy demand, and stringent safety regulations, especially in the U.S. have contributed to the growth in pressure vessels demand. The region’s industrial sectors, particularly oil and gas, chemical processing, and power generation rely on pressure vessels for their generation.
Additionally, North America accounts for 109 nuclear reactors out of 411 reactors present globally. This makes North America a dominant market for pressure vessels and due to its growing investments in nuclear projects and crude oil refineries, it will continue to remain the leading market for pressure vessels by 2033.
Country-wise Analysis
United States Pressure Vessels Market Analysis :
The United States Market is expected to grow to be worth US$ 4 Billion with an absolute dollar growth of US$ 1.5 Billion from 2023 to 2033. Pressure Vessels in the United States have grown at a CAGR of 0.6% from 2018 to 2022 and is expected to grow at a CAGR of 4.3% from 2023 to 2033.
The Oil & Gas industry is a key driver of the US pressure vessels market. With the increasing demand for energy, the exploration and production activities in the US have expanded significantly, leading to a higher requirement for pressure vessels in oil & gas processing plants. Furthermore, the shale gas revolution in the US has spurred investment in infrastructure, including pipelines and storage facilities, driving the demand for pressure vessels.
United Kingdom Pressure Vessels Market Analysis :
The United Kingdom Market is expected to grow to be worth US$ 433 Million by 2033, with an absolute dollar growth of US$ 194.7 Million from 2023 to 2033. Pressure vessels demand in the United Kingdom have grown at a CAGR of 1.7% from 2018 to 2022 and are expected to grow at a CAGR of 5.6% from 2023 to 2033.
The U.K. Chemical industry has seen a record high at the beginning of 2022. In 2021, the industry has grown by nearly 5.3% and 3.7% in 2020 and 2021 respectively. It has been one of the industries in the country to witness an increase in production in both years. The growing chemical industry in the U.K. will create a potential ground for pressure vessel manufacturers as pressure vessels like reactors and boilers are among the essential components of the chemical industry.
China Pressure Vessels Analysis :
The market in China is expected to grow to be worth US$ 4.9 Billion with an absolute dollar growth of US$ 2 Billion from 2023 to 2033. Pressure vessels demand in China have grown at a CAGR of 2% from 2018 to 2022 and is expected to grow at a CAGR of 4.8% from 2023 to 2033.
The industrial output of China in 2022 was around US$ 4.9 Trillion, a 2.1% increase from its 2021 industrial output which was US$ 4.8 Trillion, making it the leading country across the globe in industrial production. This value shows that China has experienced remarkable industrial production growth over the years, driven by several key industries that heavily rely on pressure vessels.
The country known as the world’s factory, with a diverse range of manufacturing activities. These industries require pressure vessels for various applications, such as the storage and transportation of gases and liquids, especially in the production of chemicals, pharmaceuticals, and consumer goods.
Germany Pressure Vessels Analysis :
In Germany, the market is expected to grow to be worth US$ 1.4 Billion with an absolute dollar growth of US$ 469.6 Million from 2023 to 2033. The market in Germany has grown at a CAGR of 1.9% from 2018 to 2022 and is expected to grow at a CAGR of 3.9% from 2023 to 2033.
The Energy transition of Germany known as the ‘Energiewende’ has been a significant market driver. The country has made substantial investments in renewable energy sources such as wind, solar, and biomass. As a result, there is a growing demand for pressure vessels like boilers and reactors that can efficiently convert these renewable resources into electricity or heat. Thus, Germany can be a potential market for pressure vessels in the forthcoming years.
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Category-wise Insights
Which Pressure Vessels Application is projected to Witness Significant Demand?
Pressure vessels demand through Autoclaves is projected to witness the fastest growth with a CAGR of 1.2% from 2018 to 2022 and is expected to grow at a CAGR of 4.3% from 2023 to 2033.
Autoclave, a device used for sterilization and pressure treatments, plays a crucial role in various industries, including healthcare, research, manufacturing, and aerospace. It consists of a high-pressure chamber capable of generating steam and maintaining elevated temperatures to effectively eliminate microorganisms and ensure the safety and integrity of the material.
The wide range of applications and industries that depend on autoclaves for their operation creates a consistent demand for pressure vessels designed to withstand the rigorous conditions and pressures within the autoclave chambers. As industries continue to evolve and demand more efficient and reliable pressure treatment methods, the autoclave’s importance will further enhance the growth and expansion of the market.
Competitive Analysis
Key players in the Pressure Vessels Market are Bharat Heavy Electricals Limited, Mitsubishi Heavy Industries, IHI Corporation, Babcock & Wilcox, Larsen and Toubro, Hitachi Zosen Corporation, General Electrics, Buhman Macatec, Alfa Laval, and Godrej and Boyce.
- In March 2023, Babcock & Wilcox (B&W) stated that its B&W Environmental business segment has won a contract worth over US$ 9 million to design and supply two cooling systems in Middle East for a production facility to produce clean hydrogen.
- In March 2023, GE partnered with EcoGreen Energy to develop a solar project in Turkey. According to the deal, GE will provide equipment beyond inverter stations and commissioning services.
- In November 2022, Babcock & Wilcox announced that it has won a project of more than US$ 24 million to supply a petroleum refinery in North America with two industrial boilers, auxiliary equipment, and advanced emission control technologies.
- In May 2022, Switzerland inaugurated its first industrial power-to-gas plant. This plant was built in collaboration with Hitachi Zosen Corporation, which helped to reduce carbon footprints.
- In March 2021, BHEL conducted the boiler light-up of 1 x 800 MW of capacity at the North Chennai Thermal Power Station, a Stage III project. It is the highest-rated thermal power project and also the first supercritical project to undergo boiler light-up in Tamil Nadu.
Segmentation of the Global Pressure Vessels Market
-
By Application :
- Boilers
- Reactors
- Heat Exchangers
- Autoclaves
-
By Primary Material :
- Stainless Steel
- Titanium
- Aluminum
- Others (Carbon Steel, Nickel alloy, Hastelloy)
-
By Industry :
- Oil & Gas Industry
- Food & Beverages Industry
- Chemical Industry
- Energy Industry
- Other (Paper & Pulp, Pharmaceuticals, etc.)
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa
Table of Content
1. Global Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Number of Operational Reactor Units By Country, 2022 3.2. Number of Nuclear Reactors Under Construction Worldwide as of June 2023, by Country 3.3. Government spending for clean energy investment support (US$ Billion) 3.4. Global Nuclear Power Generation (TWH), 2022 3.5. Global Renewable Energy (TW), 2013-2022 3.6. Crude Oil Production (MT), 2021 4. Markets Dynamics 4.1. Key Growth Drivers 4.1.1. Industry Challenges 4.1.2. Notable Current and Future Trends 4.2. Porter’s Five Force Analysis 4.3. Value Chain Analysis 4.4. Forecast and Macro-Economic Factors – Relevance and Impact 5. Pricing Analysis 5.1. Regional Pricing Analysis 5.2. Price Variance By Application 6. Global Market Value (US$ Bn) and Volume (Th Units) Analysis and Forecast 6.1. Historical Market Value (US$ Bn) and Volume (Th Units) Analysis, 2018-2022 6.2. Current and Future Market Value (US$ Bn) and Volume (Th Units) Projections, 2023-2033 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis and Forecast, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Bn) Analysis By Application, 2018-2022 7.3. Current and Future Market Size (US$ Bn) Analysis Forecast By Application, 2023-2033 7.3.1. Boilers 7.3.2. Reactors 7.3.3. Heat Exchangers 7.3.4. Autoclaves 7.4. Market Attractiveness Analysis By Application 8. Global Market Analysis and Forecast, By Primary Material 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Bn) Analysis By Primary Material, 2018-2022 8.3. Current and Future Market Size (US$ Bn) Analysis Forecast By Primary Material, 2023-2033 8.3.1. Stainless Steel 8.3.2. Titanium 8.3.3. Aluminum 8.3.4. Others 8.4. Market Attractiveness Analysis By Primary Material 9. Global Market Analysis and Forecast, By Industry 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Bn) Analysis By Industry, 2018-2022 9.3. Current and Future Market Size (US$ Bn) Analysis Forecast By Industry, 2023-2033 9.3.1. Oil and Gas Industry 9.3.2. Food and Beverage Industry 9.3.3. Chemical Industry 9.3.4. Energy Industry 9.3.5. Other 9.4. Market Attractiveness Analysis By Industry 10. Global Market Analysis and Forecast, by Region 10.1. Introduction 10.2. Historical Market Size (US$ Bn) Analysis By Region, 2018-2022 10.3. Current Market Size (US$ Bn) Analysis Forecast By Region, 2023-2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia and Pacific 10.3.6. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2018-2022 11.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2023 - 2033 11.3.1. By Country 11.3.1.1. U.S. 11.3.1.2. Canada 11.3.2. By Application 11.3.3. By Primary Material 11.3.4. By Industry 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Application 11.4.3. By Primary Material 11.4.4. By Industry 12. Latin America Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022 12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 - 2033 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Argentina 12.3.1.3. Mexico 12.3.1.4. Rest of Latin America 12.3.2. By Application 12.3.3. By Primary Material 12.3.4. By Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Application 12.4.3. By Primary Material 12.4.4. By Industry 13. Europe Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022 13.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2023 - 2033 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. France 13.3.1.3. Italy 13.3.1.4. U.K. 13.3.1.5. Russia 13.3.1.6. Ireland 13.3.1.7. Spain 13.3.1.8. Rest of Europe 13.3.2. By Application 13.3.3. By Primary Material 13.3.4. By Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Application 13.4.3. By Primary Material 13.4.4. By Industry 14. East Asia Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2018-2022 14.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2023 - 2033 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Application 14.3.3. By Primary Material 14.3.4. By Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Application 14.4.3. By Primary Material 14.4.4. By Industry 15. South Asia and Pacific Market Analysis and Forecast 15.1. ntroduction / Key Findings 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 - 2033 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Indonesia 15.3.1.4. Australia 15.3.1.5. New Zealand 15.3.1.6. Rest of South Asia & Pacific 15.3.2. By Application 15.3.3. By Primary Material 15.3.4. By Industry 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Application 15.4.3. By Primary Material 15.4.4. By Industry 16. Middle East & Africa Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 – 2033 16.3.1. By Country 16.3.1.1. Turkiye 16.3.1.2. Saudi Arabia 16.3.1.3. Iran 16.3.1.4. Rest of Middle East and Africa 16.3.2. By Application 16.3.3. By Primary Material 16.3.4. By Industry 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Application 16.4.3. By Primary Material 16.4.4. By Industry 17. Country-level Market Analysis and Forecast 17.1. Introduction / Key Findings 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. U.S. Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Value (US$ Bn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.2.2.1. By Application 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.3.2.1. By Application 17.4. Brazil Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.4.2.1. By Application 17.5. Argentina Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.5.2.1. By Application 17.6. Mexico Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.6.2.1. By Application 17.7. Germany Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.7.2.1. By Application 17.8. France Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.8.2.1. By Application 17.9. Italy Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.9.2.1. By Application 17.10. U.K. Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.10.2.1. By Application 17.11. Russia Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.11.2.1. By Application 17.12. Ireland Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.12.2.1. By Application 17.13. Spain Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.13.2.1. By Application 17.13.2.2. By Primary Material 17.14. China Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.14.2.1. By Application 17.15. Japan Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.15.2.1. By Application 17.16. South Korea Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.16.2.1. By Application 17.17. India Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.17.2.1. By Application 17.18. Thailand Market Analysis 17.18.1. Value Proportion Analysis by Market Taxonomy 17.18.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.18.2.1. By Application 17.19. Indonesia Market Analysis 17.19.1. Value Proportion Analysis by Market Taxonomy 17.19.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.19.2.1. By Application 17.20. Australia Market Analysis 17.20.1. Value Proportion Analysis by Market Taxonomy 17.20.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.20.2.1. By Application 17.21. New Zealand Market Analysis 17.21.1. Value Proportion Analysis by Market Taxonomy 17.21.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.21.2.1. By Application 17.22. Turkiye Market Analysis 17.22.1. Value Proportion Analysis by Market Taxonomy 17.22.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.22.2.1. By Application 17.23. Saudi Arabia Market Analysis 17.23.1. Value Proportion Analysis by Market Taxonomy 17.23.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.23.2.1. By Application 17.24. Iran Market Analysis 17.24.1. Value Proportion Analysis by Market Taxonomy 17.24.2. Value (US$ Mn) and Volume (Th Units) Analysis and Forecast by Market Taxonomy, 2018-2033 17.24.2.1. By Application 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Share Analysis of Top Players 18.3. Market Presence Analysis 18.3.1. By Regional Footprint of Players 18.3.2. Application Footprint by Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Deep Dive: Market 19.2.1. Larson and Turbo Heavy Engineering 19.2.1.1. Overview 19.2.1.2. Application Portfolio 19.2.1.3. Key Financials 19.2.1.4. SWOT Analysis 19.2.1.5. Key Developments 19.2.1.6. Strategy Overview 19.2.2. Mitsubishi Heavy Industries 19.2.2.1. Overview 19.2.2.2. Application Portfolio 19.2.2.3. Key Financials 19.2.2.4. SWOT Analysis 19.2.2.5. Key Developments 19.2.2.6. Strategy Overview 19.2.3. IHI Corporation 19.2.3.1. Overview 19.2.3.2. Application Portfolio 19.2.3.3. Key Financials 19.2.3.4. SWOT Analysis 19.2.3.5. Key Developments 19.2.3.6. Strategy Overview 19.2.4. Alfa Laval 19.2.4.1. Overview 19.2.4.2. Application Portfolio 19.2.4.3. Key Financials 19.2.4.4. SWOT Analysis 19.2.4.5. Key Developments 19.2.4.6. Strategy Overview 19.2.5. Hitachi Zosen Corporation 19.2.5.1. Overview 19.2.5.2. Application Portfolio 19.2.5.3. Key Financials 19.2.5.4. SWOT Analysis 19.2.5.5. Key Developments 19.2.5.6. Strategy Overview 19.2.6. General Electrics 19.2.6.1. Overview 19.2.6.2. Application Portfolio 19.2.6.3. Key Financials 19.2.6.4. SWOT Analysis 19.2.6.5. Key Developments 19.2.6.6. Strategy Overview 19.2.7. Godrej and Boyce 19.2.7.1. Overview 19.2.7.2. Application Portfolio 19.2.7.3. Key Financials 19.2.7.4. SWOT Analysis 19.2.7.5. Key Developments 19.2.7.6. Strategy Overview 19.2.8. Bharat Heavy Electricals Limited. 19.2.8.1. Overview 19.2.8.2. Application Portfolio 19.2.8.3. Key Financials 19.2.8.4. SWOT Analysis 19.2.8.5. Key Developments 19.2.8.6. Strategy Overview 19.2.9. Kelvion Holdings Gmbh 19.2.9.1. Overview 19.2.9.2. Application Portfolio 19.2.9.3. Key Financials 19.2.9.4. SWOT Analysis 19.2.9.5. Key Developments 19.2.9.6. Strategy Overview 19.2.10. Paul Mueller Company 19.2.10.1. Overview 19.2.10.2. Application Portfolio 19.2.10.3. Key Financials 19.2.10.4. SWOT Analysis 19.2.10.5. Key Developments 19.2.10.6. Strategy Overview 19.2.11. Babcock & Wilcox 19.2.11.1. Overview 19.2.11.2. Application Portfolio 19.2.11.3. Key Financials 19.2.11.4. SWOT Analysis 19.2.11.5. Key Developments 19.2.11.6. Strategy Overview 19.2.12. Bumhan Macatec 19.2.12.1. Overview 19.2.12.2. Application Portfolio 19.2.12.3. Key Financials 19.2.12.4. SWOT Analysis 19.2.12.5. Key Developments 19.2.12.6. Strategy Overview 19.2.13. Karbonsan and Trading Co. 19.2.13.1. Overview 19.2.13.2. Application Portfolio 19.2.13.3. Key Financials 19.2.13.4. SWOT Analysis 19.2.13.5. Key Developments 19.2.13.6. Strategy Overview 20. Assumptions & Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Volume (Thousand Units), by Application, 2018 - 2033
Table 02: Global Market Value (US$ Million), by Application, 2018 - 2033
Table 03: Global Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 04: Global Market Value (US$ Million), by Primary Material, 2018 - 2033
Table 05: Global Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 06: Global Market Value (US$ Million), by Indusrty, 2018 - 2033
Table 07: Global Market Volume (Thousand Units), by Region, 2018 - 2033
Table 08: Global Market Value (US$ Million), by Region, 2018 - 2033
Table 09: North America Market Volume (Thousand Units), by Application, 2018 - 2033
Table 10: Global Market Value (US$ Million), by Application, 2018 - 2033
Table 11: North America Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 12: North America Market Value (US$ Million), by Primary Material, 2018 - 2033
Table 13: North America Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 14: North America Market Value (US$ Million), by Industry, 2018 - 2033
Table 15: North America Market Volume (Thousand Units), by Country, 2018 - 2033
Table 16: North America Market Value (US$ Million), by Country, 2018 - 2033
Table 17: Latin America Market Volume (Thousand Units), by Application, 2018 - 2033
Table 18: Latin Market Value (US$ Million), by Application, 2018 - 2033
Table 19: Latin America Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 20: Latin America Market Value (US$ Mn), by Primary Material, 2018 - 2033
Table 21: Latin America Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 22: Latin America Market Value (US$ Million), by Industry, 2018 - 2033
Table 23: Latin America Market Volume (Thousand Units), by Country, 2018 - 2033
Table 24: Latin America Market Value (US$ Million), by Country, 2018 - 2033
Table 25: Europe Market Volume (Thousand Units), by Application, 2018 - 2033
Table 26: Europe Market Value (US$ Million), by Application, 2018 - 2033
Table 27: Europe Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 28: Europe Market Value (US$ Mn), by Primary Material, 2018 - 2033
Table 29: Europe Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 30: Europe Market Value (US$ Million), by Industry, 2018 - 2033
Table 31: Europe Market Volume (Thousand Units), by Country, 2018 - 2033
Table 32: Europe Market Value (US$ Million), by Country, 2018 - 2033
Table 33: East Asia Market Volume (Thousand Units), by Application, 2018 - 2033
Table 34: East Asia Market Value (US$ Million), by Application, 2018 - 2033
Table 35: East Asia Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 36: East Asia Market Value (US$ Mn), by Primary Material, 2018 - 2033
Table 37: East Asia Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 38: East Asia Market Value (US$ Million), by Industry, 2018 - 2033
Table 39: East Asia Market Volume (Thousand Units), by Country, 2018 - 2033
Table 40: East Asia Market Value (US$ Million), by Country, 2018 - 2033
Table 41: South Asia & Pacific Market Volume (Thousand Units), by Application, 2018 - 2033
Table 42: South Asia & Pacific Market Value (US$ Million), by Application, 2018 - 2033
Table 43: South Asia & Pacific Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 44: South Asia & Pacific Market Value (US$ Mn), by Primary Material, 2018 - 2033
Table 45: South Asia & Pacific Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 46: South Asia & Pacific Market Value (US$ Million), by Industry, 2018 - 2033
Table 47: South Asia & Pacific Market Volume (Thousand Units), by Country, 2018 - 2033
Table 48: South Asia & Pacific Market Value (US$ Million), by Country, 2018 - 2033
Table 49: Middle East & Africa Market Volume (Thousand Units), by Application, 2018 - 2033
Table 50: Middle East & Africa Market Value (US$ Million), by Application, 2018 - 2033
Table 51: Middle East & Africa Market Volume (Thousand Units), by Primary Material, 2018 - 2033
Table 52: South Asia & Pacific Market Value (US$ Mn), by Primary Material, 2018 - 2033
Table 53: Middle East & Africa Market Volume (Thousand Units), by Industry, 2018 - 2033
Table 54: Middle East & Africa Market Value (US$ Million), by Industry, 2018 - 2033
Table 55: Middle East & Africa Market Volume (Thousand Units), by Country, 2018 - 2033
Table 56: Middle East & Africa Market Value (US$ Million), by Country, 2018 - 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (Th Units) Analysis, 2018, 2023 and 2033
Figure 02: Global Market Value (US$ Mn ) Forecast and Analysis, 2018–2022
Figure 03: Global Market Value (US$ Mn ) Forecast and Analysis, 2023–2033
Figure 04: Global Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 05: Global Market Incremental $ Opportunity, 2022-2033
Figure 06: Global Market Share Analysis By Application- 2023 & 2033
Figure 07: Global Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 08: Global Market Attractiveness Analysis By Application, 2023–2033
Figure 09: Global Market Share Analysis By Primary Material 2023 & 2033
Figure 10: Global Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 11: Global Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 12: Global Market Share Analysis By Industry, 2023 & 2033
Figure 13: Global Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 14: Global Market Attractiveness Analysis By Industry, 2023–2033
Figure 15: Global Market Share Analysis by Region - 2023 & 2033
Figure 16: Global Market Y-o-Y Growth Projections by Region, 2023–2033
Figure 17: Global Market Attractiveness Analysis by Region, 2023–2033
Figure 18: North America Market Value (US$ Bn) Forecast and Analysis, 2018–2022
Figure 19: North America Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 20: North America Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 21: North America Market Incremental $ Opportunity, 2023–2033
Figure 22: North America Market Share by Country– 2023 & 2033
Figure 23: North America Market Y-o-Y Growth Projections by Country, 2023–2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023–2033
Figure 25: North America Market Share Analysis By Application-2023 & 2033
Figure 26: North America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 27: North America Market Attractiveness Analysis By Application, 2023–2033
Figure 28: North America Market Share Analysis By Primary Material 2023 & 2033
Figure 29: North America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 30: North America Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 31: North America Market Share Analysis By Industry, 2023 & 2033
Figure 32: North America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 33: North America Market Attractiveness Analysis By Industry, 2023–2033
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2018–2022
Figure 35: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 36: Latin America Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 37: Latin America Market Incremental $ Opportunity, 2023–2033
Figure 38: Latin America market Share by Country– 2023 & 2033
Figure 39: Latin America market Y-o-Y Growth Projections by Country, 2023–2033
Figure 40: Latin America market Attractiveness Analysis by Country, 2023–2033
Figure 41: Latin America Market Share Analysis By Application, 2023 & 2033
Figure 42: Latin America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 43: Latin America Market Attractiveness Analysis By Application, 2023–2033
Figure 44: Latin America Market Share Analysis By Primary Material 2023 & 2033
Figure 45: Latin America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 46: Latin America Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 47: Latin America Market Share Analysis By End Use, 2023 & 2033
Figure 48: Latin America Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 49: Latin America Market Attractiveness Analysis By Industry, 2023–2033
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2018–2022
Figure 51: Europe Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 52: Europe Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 53: Europe Market Incremental $ Opportunity, 2023–2033
Figure 54: Europe market Share by Country– 2023 & 2033
Figure 55: Europe market Y-o-Y Growth Projections by Country, 2023–2033
Figure 56: Europe market Attractiveness Analysis by Country, 2023–2033
Figure 57: Europe Market Share Analysis By Application-2023 & 2033
Figure 58: Europe Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 59: Europe Market Attractiveness Analysis By Application, 2023–2033
Figure 60: Europe Market Share Analysis By Primary Material 2023 & 2033
Figure 61: Europe Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 62: Europe Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 63: Europe Market Share Analysis By Industry, 2023 & 2033
Figure 64: Europe Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 65: Europe Market Attractiveness Analysis By Industry, 2023–2033
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2018–2022
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 69: East Asia Market Incremental $ Opportunity, 2023–2033
Figure 70: East Asia market Share by Country– 2023 & 2033
Figure 71: East Asia market Y-o-Y Growth Projections by Country, 2023–2033
Figure 72: East Asia Pressure Vessels market Attractiveness Analysis by Country, 2023–2033
Figure 73: East Asia Market Share Analysis By Application- 2023 & 2033
Figure 74: East Asia Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 75: East Asia Market Attractiveness Analysis By Application, 2023–2033
Figure 76: East Asia Market Share Analysis By Primary Material 2023 & 2033
Figure 77: East Asia Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 78: East Asia Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 79: East Asia Market Share Analysis By Industry, 2023 & 2033
Figure 80: East Asia Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 81: East Asia Market Attractiveness Analysis By Industry, 2023–2033
Figure 82: South Asia and Pacific Market Value (US$ Mn) Forecast and Analysis, 2018–2022
Figure 83: South Asia and Pacific Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 84: South Asia and Pacific Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 85: South Asia and Pacific Market Incremental $ Opportunity, 2023–2033
Figure 86: South Asia and Pacific market Share by Country– 2023 & 2033
Figure 87: South Asia and Pacific market Y-o-Y Growth Projections by Country, 2023–2033
Figure 88: South Asia and Pacific market Attractiveness Analysis by Country, 2023–2033
Figure 89: South Asia and Pacific Market Share Analysis By Application- 2023 & 2033
Figure 90: South Asia and Pacific Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 91: South Asia and Pacific Market Attractiveness Analysis Application, 2023–2033
Figure 92: South Asia and Pacific Market Share Analysis By Primary Material 2023 & 2033
Figure 93: South Asia and Pacific Pressure Vessels Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 94: South Asia and Pacific Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 95: South Asia and Pacific Market Share Analysis By Industry, 2023 & 2033
Figure 96: South Asia and Pacific Pressure Vessels Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 97: South Asia and Pacific Market Attractiveness Analysis By Industry, 2023–2033
Figure 98: Middle East and Africa Market Value (US$ Mn) Forecast and Analysis, 2018–2022
Figure 99: Middle East and Africa Market Value (US$ Mn) Forecast and Analysis, 2023–2033
Figure 100: Middle East and Africa Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 101: Middle East and Africa Market Incremental $ Opportunity, 2023–2033
Figure 102: Middle East and Africa market Share by Country– 2023 & 2033
Figure 103: Middle East and Africa market Y-o-Y Growth Projections by Country, 2023–2033
Figure 104: Middle East and Africa market Attractiveness Analysis by Country, 2023–2033
Figure 105: Middle East and Africa Market Share Analysis By Application- 2023 & 2033
Figure 106: Middle East and Africa Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 107: Middle East and Africa Market Attractiveness Analysis By Application, 2023–2033
Figure 108: Middle East and Africa Market Share Analysis By Primary Material 2023 & 2033
Figure 109: Middle East and Africa Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 110: Middle East and Africa Market Attractiveness Analysis By Primary Material, 2023–2033
Figure 111: Middle East and Africa Market Share Analysis By Industry, 2023 & 2033
Figure 112: Middle East and Africa Market Value Y-o-Y Growth and Forecast, 2023–2033
Figure 113: Middle East and Africa Market Attractiveness Analysis By Industry, 2023–2033
Figure 114: United States Market Value (US$ Mn) Forecast and Analysis, 2018-2033
Figure 115: United States Market Value, By Application , 2023 & 2033
Figure 116: United States Market Incremental $ Opportunity, 2023-2033
Figure 117: Canada Market Value (US$ Mn Forecast and Analysis, 2018-2033
Figure 118: Canada Market Value, By Application , 2023 & 2033
Figure 119: Canada Market Incremental $ Opportunity, 2023-2033
Figure 120: Brazil Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 121: Brazil Market Value, By Application , 2023 & 2033
Figure 122: Brazil Market Incremental $ Opportunity, 2023-2033
Figure 123: Mexico Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 124: Mexico Market Value, By Application , 2023 & 2033
Figure 125: Mexico Market Incremental $ Opportunity, 2023-2033
Figure 126: Argentina Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 127: Argentina Market Value, By Application , 2023 & 2033
Figure 128: Argentina Market Incremental $ Opportunity, 2023-2033
Figure 129: Germany Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 130: Germany Market Value, By Application , 2023 & 2033
Figure 131: Germany Market Incremental $ Opportunity, 2023-2033
Figure 132: France Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 133: France Market Value, By Application , 2023 & 2033
Figure 134: France Market Incremental $ Opportunity, 2023-2033
Figure 135: Italy Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 136: Italy Market Value, By Application , 2023 & 2033
Figure 137: Italy Market Incremental $ Opportunity, 2023-2033
Figure 138: United Kingdom Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 139: United Kingdom Market Value, By Application , 2023 & 2033
Figure 140: United Kingdom Market Incremental $ Opportunity, 2023-2033
Figure 141: Russia Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 142: Russia Market Value, By Application , 2023 & 2033
Figure 143: Russia Market Incremental $ Opportunity, 2023-2033
Figure 144: Ireland Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 145: Ireland Market Value, By Application , 2023 & 2033
Figure 146: Ireland Market Incremental $ Opportunity, 2023-2033
Figure 147: Spain Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 148: Spain Market Value, By Application , 2023 & 2033
Figure 149: Spain Market Incremental $ Opportunity, 2023-2033
Figure 150: China Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 151: China Market Value, By Application , 2023 & 2033
Figure 152: China Market Incremental $ Opportunity, 2023-2033
Figure 153: Japan Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 154: Japan Market Value, By Application , 2023 & 2033
Figure 155: Japan Market Incremental $ Opportunity, 2023-2033
Figure 156: South Korea Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 157: South Korea Market Value, By Application , 2023 & 2033
Figure 158: South Korea Market Incremental $ Opportunity, 2023-2033
Figure 159: India Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 160: India Market Value, By Application , 2023 & 2033
Figure 161: India Market Incremental $ Opportunity, 2023-2033
Figure 162: Thailand Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 163: Thailand Market Value, By Application , 2023 & 2033
Figure 164: Thailand Market Incremental $ Opportunity, 2023-2033
Figure 165: Indonesia Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 166: Indonesia Market Value, By Application , 2023 & 2033
Figure 167: Indonesia Market Incremental $ Opportunity, 2023-2033
Figure 168: Australia Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 169: Australia Market Value, By Application , 2023 & 2033
Figure 170: Australia Market Incremental $ Opportunity, 2023-2033
Figure 171: New Zealand Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 172: New Zealand Market Value, By Application , 2023 & 2033
Figure 173: New Zealand Market Incremental $ Opportunity, 2023-2033
Figure 174: Turkiye Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 175: Turkiye Market Value, By Application , 2023 & 2033
Figure 176: Turkiye Market Incremental $ Opportunity, 2023-2033
Figure 177: Saudi Arabia Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 178: Saudi Arabia Market Value, By Application , 2023 & 2033
Figure 179: Saudi Arabia Market Incremental $ Opportunity, 2023-2033
Figure 180: Iran Market Value (US$ Mn), Forecast and Analysis, 2018-2033
Figure 181: Iran Market Value, By Application , 2023 & 2033
Figure 182: Iran Market Incremental $ Opportunity, 2023-2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What value is the market estimated to reach in 2022?
The market is estimated to be valued at US$ 11.1 Billion in 2022.
What value is the market estimated to reach in 2023?
The market is estimated to be valued at US$ 11.6 Billion in 2023.
What is the market valuation estimated to reach by 2033?
The market is expected to reach a valuation of US$ 18.7 Billion in 2033.
What is the global absolute market growth of the pressure vessels from 2023 to 2033?
The global absolute market growth of pressure vessels from 2023 to 2033 is US$ 7 Billion.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 1.5% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 4.9% from 2023 to 2033.
Which application of pressure vessels will garner a significant value share by 2023?
Autoclaves are expected to garner a significant value share by 2023.
Which primary material will garner significant value share by 2023?
Stainless Steel is expected to garner a significant value share by 2023.
What is the expected market size of the United States Pressure Vessels till the projected year 2033?
The United States Market is projected to witness a market size of US$ 4 Billion and is expected to grow at a 4.3% CAGR from 2023 to 2033.
Which are the key companies in the market?
Bharat Heavy Electricals Limited, Mitsubishi Heavy Industries, IHI Corporation, Babcock & Wilcox, Larsen And Toubro, Hitachi Zosen Corporation, General Electrics, Buhman Macatec, Alfa Laval, and Godrej and Boyce.
Pressure Vessels Market