Pressure Vessels Market

Pressure Vessels is a closed container designed to hold gases or liquids at a pressure substantially different from the ambient pressure.

The pressure differential is dangerous, and fatal accidents have occurred in the history of pressure vessel development and operation. Consequently, pressure vessel design, manufacture, and operation are regulated by engineering authorities backed by legislation. For these reasons, the definition of a pressure vessel varies from country to country, but involves parameters such as maximum safe operating pressure and temperature, and are engineered with a safety factor, corrosion allowance, minimum design temperature (for brittle fracture), and involve nondestructive testing, such as ultrasonic testing, radiography, and pressure tests, usually involving water, also known as a hydro-test, but could be pneumatically tested involving air or another gas.

Pressure Vessels Market contains market size and forecasts of Pressure Vessels in global, including the following market information:

Global Pressure Vessels Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Pressure Vessels Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Pressure Vessels companies in 2021 (%)

The global Pressure Vessels market was valued at 106560 million in 2021 and is projected to reach US$ 105850 million by 2028, at a CAGR of -0.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Titanium Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Pressure Vessels include McDermott, IHI Corporation, Mitsubishi Heavy Industries, Hitachi Zosen, Morimatsu, L&T, Doosan, KNM and SPVG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Pressure Vessels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Pressure Vessels Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Pressure Vessels Market Segment Percentages, by Type, 2021 (%)

Titanium

Steel

Stainless Steel

Nickel Material

Zirconium

Other

Global Pressure Vessels Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Pressure Vessels Market Segment Percentages, by Application, 2021 (%)

Petrochemical

Oil & Gas

Coal Chemical

Nuclear Power

Non-ferrous Metal

Other

Global Pressure Vessels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Pressure Vessels Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Pressure Vessels revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Pressure Vessels revenues share in global market, 2021 (%)

Key companies Pressure Vessels sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Pressure Vessels sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

McDermott

IHI Corporation

Mitsubishi Heavy Industries

Hitachi Zosen

Morimatsu

L&T

Doosan

KNM

SPVG

Mersen

JSW

Belleli

Neuenhauser Kompressorenbau

ATB

Springs Fabrication

Hanson

THVOW

LS Group

Sunpower Group

CIMC Enric

CFHI

AVIC Liming Jinxi