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Pressure Vessels Market by Type (Storage Vessels, Processing Vessels), By Material (Steel, Titanium, Nickel Alloys, Aluminum, Composites, Other Pressure Vessel Materials), Pressure Rating (0–10 Bar, 11–50 Bar, 51–100 Bar, Above 100 Bar), End-use Industry, and Region - Global Forecast to 2031
USD 73.24 BN
MARKET SIZE, 2031
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The global pressure vessels market is projected to reach USD 73.24 billion by 2031 from an estimated USD 57.55 billion in 2026, at a CAGR of 4.9%. The growth is driven by growing chemical production worldwide and the expanding oil & gas activities. The pressure vessels market is undergoing a meaningful shift, driven by a mix of new technologies and tighter regulations that are changing how equipment is designed, manufactured, and operated. One of the biggest developments is the growing use of advanced materials such as composite pressure vessels and high-performance alloys. These materials make vessels lighter, more corrosion-resistant, and better suited for demanding applications like hydrogen storage and carbon capture.
KEY TAKEAWAYS
-
BY END-USE INDUSTRY
By end-use industry, the power generation segment is expected to dominate the market during the forecast period
-
BY TYPE
By type, the processing vessels segment is expected to register the highest CAGR of 5.0% during the forecast period.
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BY MATERIAL
By material, the steel segment is expected to dominate the market during the forecast period.
-
BY POWER RATING
By power rating, the above 100 bar segment is record the highest CAGR of 6.6% during the forecast period.
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BY REGION
The Asia Pacific region accounted for 38.9% of market share in 2025.
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COMPETITIVE LANDSCAPE (KEY PLAYERS)
Mitsubishi Heavy Industries, IHI Corporation, and Bharat Heavy Electricals Limited were identified as star players in the pressure vessels market as they focus on product launches and investments to strengthen their product portfolio in the market.
-
COMPETITIVE LANDSCAPE (STARTUP/SME PLAYERS)
Steelhead Composites, Inc; Sun Boilers Pvt. Ltd.; and Kairos Power were identified as SMEs in the pressure vessels market.
The global pressure vessels market is driven by rising energy demand and expanding power generation capacity across thermal, nuclear, and renewable sources. Rapid growth in the oil & gas and chemicals industries is increasing the need for safe storage and processing of high-pressure fluids. Industrialization in emerging economies is further boosting demand through new infrastructure projects such as refineries and manufacturing plants. Additionally, strict safety regulations are pushing companies to upgrade to advanced, compliant vessels. Technological advancements, including automation and smart monitoring systems, are improving efficiency and reliability, while the growing focus on hydrogen, carbon capture, and energy storage is creating new growth avenues.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The pressure vessels market is undergoing a clear transition from traditional, service-driven revenue models toward more advanced, technology-enabled solutions. Historically, revenue has largely depended on conventional activities such as inspection, manual repairs, and maintenance of installed vessels across industries. While these services remain essential, they represent mature and relatively slower-growing revenue streams. Going forward, the market is shifting toward a future revenue mix driven by new technologies, innovative applications, and integrated solutions. Advancements such as IoT-enabled monitoring, predictive maintenance, and digital asset management are enabling manufacturers and service providers to offer value-added services beyond basic equipment supply. In addition, the development of new materials and designs is expanding use cases and improving performance, safety, and lifecycle efficiency of pressure vessels. This transformation is closely aligned with the evolving needs of key end-use industries, including power generation, oil & gas, chemicals, petrochemicals, and food & beverages. These sectors are increasingly prioritizing process efficiency, production optimization, and enhanced safety standards, which in turn is driving demand for more sophisticated and reliable pressure vessel systems. Future growth opportunities in the pressure vessels market are expected to center on high-impact innovations, including combined heat and power systems, advanced material technologies such as metal-organic frameworks, composite pressure vessels, and high-strength alloy-based designs. Overall, the market is moving toward a more innovation-led and service-integrated landscape, where digital capabilities and advanced engineering play a crucial role in shaping long-term revenue streams.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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Cost-intensive Manufacturing and Upkeep Requirements
OPPORTUNITIES
Impact
Level
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Renewable Energy Expansion s
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Growing Focus on Nuclear Energy Deployment
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Volatile Prices of Raw Materials
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The global chemical manufacturing industry is undergoing sustained expansion, supported by structural shifts in industrial activity, energy transition priorities, and evolving consumption patterns. Growth is increasingly concentrated in Asia Pacific and the Middle East, where capacity additions are being driven by feedstock availability, cost competitiveness, and strategic investments in downstream value chains. At the same time, mature markets in North America and Europe are witnessing selective growth in high-value segments such as specialty chemicals, bio-based chemicals, and advanced materials. This evolving landscape is resulting in continuous investments in new plants, brownfield expansions, and the modernization of existing facilities to improve efficiency, sustainability, and compliance. As production expands, the demand for pressurized vessels also increases. Chemical manufacturing involves extremely high temperatures and pressures, from reactors and separators to distillation plants, storage facilities, and other operations. Increasing complexity in chemical manufacturing is driving the need for more advanced, corrosion-resistant, high-integrity vessels used in these processes. In addition, as digital monitoring systems and automation are implemented in chemical facilities, there will be greater demands for the vessel designs capable of allowing real-time optimization and safety management of processes. Regulatory frameworks across major regions are becoming increasingly stringent, particularly in relation to emissions, process safety, and material handling. Compliance with standards such as ASME, PED, and other regional certifications is no longer optional but a baseline requirement for market participation. This is compelling chemical manufacturers to upgrade or replace aging infrastructure with high-performance, compliant pressure vessels. As a result, both replacement demand and new installation demand are contributing to market growth. Overall, the continued expansion and transformation of the global chemical manufacturing industry are creating a strong and sustained demand environment for pressure vessels. Manufacturers that can deliver technologically advanced, compliant, and application-specific solutions are well-positioned to capitalize on this growth trajectory.
Pressure vessel manufacturing continues to be inherently cost-intensive, with rising global input costs further amplifying the burden. Compliance with stringent international standards such as American Society of Mechanical Engineers (ASME), Pressure Equipment Directive (PED), and other regional codes leads to complex engineering design, accurate fabrication and extensive validation process. In recent years, volatility in raw material prices, particularly for stainless steel, nickel-based alloys, and other high-performance materials, has significantly increased production costs. Additionally, the growing requirement for corrosion-resistant and high-temperature materials, especially in applications such as hydrogen and specialty chemicals, is pushing manufacturers toward more expensive material grades and complex fabrication techniques. Beyond manufacturing, lifecycle maintenance costs remain a critical restraint for end users. Pressure vessels require continuous monitoring, periodic inspections, and adherence to evolving safety and environmental regulations. Advanced inspection methods, including non-destructive testing and digital condition monitoring, while improving reliability, also add to operational expenditure. Aging infrastructure in mature markets further increases maintenance intensity, as retrofitting and compliance upgrades become necessary. For large-scale installations across oil & gas, power generation, and chemical sectors, these recurring costs can be substantial, making the total cost of ownership a key concern and potentially limiting investment in new pressure vessel installations.
The expansion of renewable energy capacity is driving the development of supporting infrastructure required to manage variability and ensure a reliable energy supply. As solar and wind penetration increases, systems such as hydrogen production, compressed air energy storage, and thermal storage are being deployed at scale. These technologies require high-pressure containment for storage, processing, and transport, thereby creating new areas of demand for pressure vessels. Hydrogen, in particular, is gaining momentum as an energy carrier, with applications across industry, mobility, and power systems, all of which rely on pressurized storage solutions. At the same time, renewable-led energy systems are enabling the growth of power-to-X pathways, including ammonia and synthetic fuel production, where pressurized reactors and storage units are essential. Increased reliance on variable energy sources is also leading to investments in grid balancing and flexible generation systems, indirectly supporting demand for pressure vessels. This shift reflects a transition in end-use applications, with emerging clean energy technologies complementing traditional sectors. As these applications continue to scale, they provide a sustained opportunity for pressure vessel manufacturers to align with evolving energy systems and diversify their market exposure.
Volatile prices of raw materials remains a significant challenge for the pressure vessels market players as it directly impacts manufacturing costs, project feasibility, and profit margins. Core materials such as stainless steel, carbon steel, nickel alloys, and other materials have experienced notable price fluctuations in recent years due to supply chain disruptions, geopolitical tensions, energy price shocks, and uneven post-pandemic demand recovery. For instance, nickel and stainless steel prices surged sharply during 2021–2022, followed by corrections, while carbon steel prices have remained sensitive to global construction and infrastructure cycles. This volatility creates uncertainty for manufacturers, making long-term pricing contracts and cost forecasting increasingly complex. Additionally, the transition toward advanced applications such as hydrogen and specialty chemicals are increasing reliance on high-performance alloys, which are inherently more price-sensitive and supply constrained. Raw material cost swings not only elevate production expenses but also delay procurement cycles and project timelines, particularly for large-scale industrial equipment like pressure vessels. Manufacturers are increasingly adopting strategies such as supplier diversification, long-term sourcing agreements, and material optimization. However, sustained volatility continues to pose a risk to margin stability and capital investment planning across end-use industries.
PRESSURE VESSELS MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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A large-scale hydrogen production facility implemented SynCOR technology, which integrates multiple process steps within a single refractory-lined pressure vessel reactor designed for syngas generation under high-temperature and high-pressure conditions. | This approach resulted in a more compact plant configuration with reduced capital costs and improved thermal efficiency. The enhanced durability and operational performance of the pressure vessel contributed to longer lifecycle and lower maintenance requirements, making the technology economically and operationally advantageous. |
|
|
A US-based port decarbonization initiative evaluated large-scale hydrogen storage solutions, incorporating pressure vessels as a key component for energy storage and distribution within port infrastructure. | The implementation enabled scalable and flexible hydrogen storage infrastructure, improving energy resilience and supporting decarbonization goals. The project demonstrated the viability of pressure vessels in large-scale energy ecosystems while ensuring operational safety and efficiency. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
Ecosystem mapping of the pressure vessels market highlights the interconnected relationships among raw material suppliers, component manufacturers, pressure vessel manufacturers, EPC contractors and system integrators, and end users. Raw material suppliers provide essential inputs such as carbon steel, stainless steel, alloy steels, including nickel, chromium, and molybdenum-based grades, and composites, which form the foundation for pressure-retaining equipment. Component manufacturers convert these materials into semi-finished and engineered parts such as plates, pipes, flanges, dished heads, shells, nozzles, and forgings, designed to meet specific pressure ratings and application requirements. Pressure vessel manufacturers and assemblers undertake detailed engineering design in compliance with global standards such as ASME and PED, followed by fabrication, welding, testing, and certification of storage vessels, reactors, boilers, and heat exchangers. EPC contractors and system integrators play a critical role in procurement, customization, installation, and commissioning, ensuring seamless integration of pressure vessels into broader industrial systems. End users, including oil & gas, power generation, chemicals, food & beverages, and pharmaceuticals industries, deploy these vessels for storage, processing, and high-pressure operations. In addition, post-sales service providers support the ecosystem through inspection, maintenance, retrofitting, and asset integrity management, ensuring operational safety, regulatory compliance, and extended equipment lifecycle.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
This report segments the pressure vessels market by type into processing vessels and storage vessels, with processing vessels projected to be the fastest-growing segment. The growth of processing vessels is primarily driven by the increasing demand for efficient, continuous processing operations across industries such as oil & gas, chemicals, petrochemicals, and food & beverages. These vessels are critical for applications involving heating, cooling, mixing, and chemical reactions under controlled pressure and temperature conditions. Rising focus on process optimization, higher production throughput, and stringent safety and quality standards further accelerate their adoption. Additionally, advancements in materials, automation, and IoT-enabled monitoring systems are enhancing operational efficiency and reliability, making processing vessels a preferred choice for modern industrial facilities.
Based on material, the pressure vessels market is segmented into steel, titanium, aluminum, nickel alloys, composites, and other materials, with composites expected to be the fastest-growing segment during the forecast period. This growth is largely driven by the increasing demand for lightweight, high-strength solutions in high-pressure applications, particularly above 100 bar. Composite materials offer an excellent strength-to-weight ratio, corrosion resistance, and superior fatigue performance, making them ideal for hydrogen storage, CNG cylinders, and aerospace applications. The global shift toward clean energy and fuel-efficient systems is further accelerating their adoption. Additionally, advancements in carbon fiber technology and manufacturing processes are reducing costs and improving scalability, making composite pressure vessels more viable for a wide range of industrial and energy applications.
Based on pressure rating, the pressure vessels market is segmented into 0–10 bar, 11–50 bar, 51–100 bar, and above 100 bar, with above 100 bar is expected to be the fastest-growing segment during the forecast period. This growth is driven by rising demand for high-pressure applications in industries such as oil & gas, hydrogen storage, power generation, and advanced chemical processing. The global push toward clean energy, particularly hydrogen economies, requires ultra-high-pressure vessels for safe storage and transportation. Additionally, increasing deepwater and high-pressure drilling activities are boosting demand for robust vessel designs. Advancements in high-strength alloys, composite materials, and improved safety standards are further enabling the adoption of above 100 bar pressure vessels across critical and high-performance industrial applications.
Based on end-use industry, the pressure vessels market has been classified into power generation, oil & gas, food & beverages, pharmaceuticals, chemicals, and other end-use industries, which include agriculture, marine, paper & pulp, and aerospace. The power generation sector is poised to maintain its dominance in the market over the forecast period, driven by strong demand for pressure vessels in boiler applications. These vessels are engineered to contain water or steam at elevated pressures, thereby generating steam that drives turbines for electricity production. Additionally, pressure vessels play a crucial role in nuclear power facilities, where they are utilized for various functions. The global proliferation of nuclear power plants is further driving demand in this sector, thereby influencing market dynamics.
REGION
Asia Pacific to be fastest-growing region in global pressure vessels market during forecast period
Asia Pacific is leading the charge as the fastest-growing market for pressure vessels, driven by rapid industrialization, booming urbanization, and significant infrastructure investments in powerhouse economies such as China, India, Southeast Asia, and other emerging economies. Demand keeps surging from massive buildouts in petrochemical refineries, power plants, and chemical processing hubs, plus a real need for high-pressure storage in fertilizers and pharmaceuticals. In addition, the growing focus on clean energy projects, such as hydrogen production and nuclear power, along with the expansion of desalination plants and large-scale industrial modernization, is further accelerating demand. Supported by a strong manufacturing base, cost-efficient production capabilities, and growing demand for durable, corrosion-resistant pressure vessels, the region is strengthening its position as a leading market.
PRESSURE VESSELS MARKET: COMPANY EVALUATION MATRIX
In the pressure vessels market matrix, Bharat Heavy Electricals Limited (BHEL) (Star) leads with a strong market presence and wide product portfolio, driving large-scale adoption across industrial and commercial verticals. ALFA LAVAL (Emerging Leader) is gaining traction with high efficiency pressure vessels.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Bharat Heavy Electricals Limited (India)
- MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
- IHI Plant Services Corporation (Japan)
- LARSEN & TOUBRO LIMITED (India)
- GE Vernova (US)
- Babcock & Wilcox Enterprises, Inc. (US)
- Isgec Hitachi Zosen Ltd. (India)
- Dongturbo Electric Company Ltd. (China)
- Samuel, Son & Co. (Canada)
- Westinghouse Electric Company LLC. ( US)
- Halvorsen Company (US)
- Alfa Laval (Sweden)
- Bosch Industriekessel GmbH (Germany)
- Alloy Products Corp. US)
- Kelvion Holding GmbH (Germany)
- Örnalp Unozon (Sweden)
- Zamil Process Equipment Company Limited (Saudi Arabia)
- Weihai Chemical Machinery Co., Ltd. (China)
- Miura America Co., LTD. (US)
- Godrej Enterprise (India)
- Infinite Composites (US)
- KARADANI ENGINEERING PVT LTD. (India)
- Sun Boilers (India)
- Kairos Power (US)
- Steelhead Composites(US)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) | USD 55.02 BN |
| Market Forecast in 2031 (Value) | USD 73.24 BN |
| Growth Rate | CAGR 4.9% from 2026-2031 |
| Years Considered | 2022-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD Billion), Volume (Thousand Units) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | • By Type: Storage Vessels, Processing Vessels |
| Regional Scope | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
WHAT IS IN IT FOR YOU: PRESSURE VESSELS MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Market Forecast | Forecast of pressure vessels market till 2035 | Uncover long-term revenue streams in pressure vessels |
| Company Profiling | Competitive benchmarking of top players | Startup and key player mapping, including strategic partnerships, alliances, technology, solution positioning, M&A and investment activity tracking, competitive differentiation, and emerging business model identification |
RECENT DEVELOPMENTS
- October 2025 : Mitsubishi Heavy Industries (Japan) and Nippon Shokubai (Japan) collaborate to develop ammonia cracking systems (reactor-based process technology) for hydrogen value chain.
- February 2026 : GE Vernova completed its acquisition of the remaining 50% stake in Prolec GE from Xignux in early February 2026, following the initial announcement in October 2025. This USD 5.275 billion deal, funded equally with cash and debt, integrates Prolec GE's transformer manufacturing expertise into GE Vernova's Electrification segment.
- September 2025 : BHEL Commissioned advanced welding/cladding machine to enhance manufacturing capacity of high-pressure boiler components and improve delivery timelines.
- June 2023 : Larsen & Toubro (India) inaugurated a Heavy Wall Pressure Vessel Facility in Saudi Arabia to enhance manufacturing for pressure vessels.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
4
MARKET OVERVIEW
40
4.2.1.1
GROWTH MOMENTUM IN CHEMICAL MANUFACTURING INDUSTRY
4.2.1.2
INCREASING GLOBAL ELECTRICITY DEMAND
4.2.2.1
COST-INTENSIVE MANUFACTURING AND UPKEEP REQUIREMENTS
4.2.3.1
RENEWABLE ENERGY EXPANSION ENABLING NEW DEMAND STREAMS FOR PRESSURE VESSELS
4.2.3.2
GROWING FOCUS ON NUCLEAR ENERGY DEPLOYMENT
4.2.4.1
PRICE VOLATILITY OF RAW MATERIALS
4.3
UNMET NEEDS AND WHITE SPACES
4.3.2
WHITE SPACE OPPORTUNITIES
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
4.4.1
INTERCONNECTED MARKETS
4.4.2
CROSS-SECTOR OPPORTUNITIES
4.5
STRATEGIC MOVES BY TIER 1/2/3 PLAYERS
5
INDUSTRY TRENDS
49
5.1
PORTER’S FIVE FORCES ANALYSIS
5.1.1
THREAT OF NEW ENTRANTS
5.1.2
BARGAINING POWER OF SUPPLIERS
5.1.3
BARGAINING POWER OF BUYERS
5.1.4
THREAT OF SUBSTITUTES
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
5.2
MACROECONOMIC OUTLOOK
5.2.2
GDP TRENDS AND FORECAST
5.2.3
TRENDS IN GLOBAL PRESSURE VESSELS INDUSTRY
5.5.1
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY TYPE (2022–2031)
5.5.2
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY REGION (2022–2031)
5.6.1
IMPORT SCENARIO (HS CODE 8401)
5.6.2
EXPORT SCENARIO (HS CODE 8401)
5.7
KEY CONFERENCES AND EVENTS, 2026–2027
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.9
INVESTMENT AND FUNDING SCENARIO
5.10.1
PRESSURE VESSEL USAGE IN HYDROGEN REFUELING STATION INFRASTRUCTURE
5.10.2
INDUSTRIAL PRESSURE VESSEL APPLICATION IN LOW-CARBON HYDROGEN PRODUCTION REACTOR
5.10.3
PRESSURE VESSEL FOR HYDROGEN STORAGE INFRASTRUCTURE
5.11
IMPACT OF US TARIFF - PRESSURE VESSELS MARKET
5.11.3
PRICE IMPACT ANALYSIS
5.11.4
IMPACT ON COUNTRIES/REGIONS
5.11.4.5
MIDDLE EAST & AFRICA
5.11.5
IMPACT ON END-USE INDUSTRIES
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
70
6.1
KEY EMERGING TECHNOLOGIES
6.1.1
HYDROGEN STORAGE SYSTEMS
6.2
COMPLEMENTARY TECHNOLOGIES
6.3
TECHNOLOGY/PRODUCT ROADMAP
6.6
IMPACT OF AI/GEN AI ON PRESSURE VESSELS MARKET
6.6.1
TOP USE CASES AND MARKET POTENTIAL
6.6.2
BEST PRACTICES FOLLOWED BY MANUFACTURERS/OEMS IN PRESSURE VESSELS MARKET
6.6.3
CASE STUDIES OF AI/GEN AI IMPLEMENTATION IN PRESSURE VESSELS MARKET
6.6.4
INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT ON MARKET PLAYERS
6.6.5
CLIENTS’ READINESS TO ADOPT AI/GEN AI IN PRESSURE VESSELS MARKET
7
REGULATORY LANDSCAPE
80
7.1
REGIONAL REGULATIONS AND COMPLIANCE
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
8
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
84
8.1
DECISION-MAKING PROCESS
8.2
KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
8.2.1
KEY STAKEHOLDERS IN BUYING PROCESS
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
9
PRESSURE VESSELS MARKET, BY TYPE
89
9.2.1
RISING DEMAND FOR SAFELY STORING LIQUIDS AND GASES UNDER CONTROLLED PRESSURE AND TEMPERATURE TO DRIVE ADOPTION
9.3.1.1
DEPENDENCE OF DEVELOPING COUNTRIES ON THERMAL POWER PLANTS TO PRODUCE ELECTRICITY TO DRIVE MARKET
9.3.2.1
RISING INVESTMENTS IN NUCLEAR POWER GENERATION TO DRIVE MARKET
9.3.3.1
GROWING OIL & GAS OPERATIONS IN MIDDLE EAST AND ASIA PACIFIC TO BOOST SEGMENTAL GROWTH
9.3.4
OTHER PROCESSING VESSELS
10
PRESSURE VESSELS MARKET, BY PRESSURE RATING
98
10.2.1
EXPANSION OF FOOD PROCESSING AND PHARMACEUTICAL MANUFACTURING TO DRIVE DEMAND
10.3.1
GROWING USE IN PROCESS INTENSIFICATION AND ENERGY SYSTEMS TO SUPPORT MARKET GROWTH
10.4.1
NEED FOR HIGHER EFFICIENCY IN INDUSTRIAL SYSTEMS TO DRIVE ADOPTION
10.5.1
GROWING INVESTMENTS IN ENERGY TRANSITION TO DRIVE MARKET
11
PRESSURE VESSELS MARKET, BY MATERIAL
104
11.2.1
STRENGTH, VERSATILITY, AND COST EFFICIENCY TO DRIVE ADOPTION
11.3.1
HIGH STRENGTH-TO-WEIGHT RATIO AND SUPERIOR CORROSION RESISTANCE TO SUPPORT MARKET GROWTH
11.4.1
EXCELLENT TOUGHNESS AND FLEXIBILITY TO DRIVE MARKET
11.5.1
LIGHTWEIGHT DESIGN AND HIGH THERMAL CONDUCTIVITY TO DRIVE ADOPTION
11.6.1
HIGH STRENGTH, LOW WEIGHT, AND SUPERIOR CORROSION RESISTANCE TO PROPEL ADOPTION
12
PRESSURE VESSELS MARKET, BY END-USE INDUSTRY
113
12.2.1
RISING ENERGY DEMAND AND PLANT MODERNIZATION TO DRIVE MARKET GROWTH
12.3.1
UNCONVENTIONAL RESOURCE DEVELOPMENT AND OFFSHORE EXPANSION TO DRIVE MARKET
12.4.1
FOCUS ON SAFETY, QUALITY, AND EFFICIENT PROCESSING EXPANSION TO DRIVE MARKET
12.5.1
EXPANDING PHARMACEUTICAL MANUFACTURING AND EMERGING MARKET DEMAND TO DRIVE ADOPTION
12.6.1
RISING CHEMICAL DEMAND AND PETROCHEMICAL EXPANSION TO FUEL MARKET GROWTH
12.7
OTHER END-USE INDUSTRIES
13
PRESSURE VESSELS MARKET, BY REGION
122
13.2.1.1
STRONG INDUSTRIAL BASE AND ENERGY TRANSITION INVESTMENTS TO DRIVE MARKET
13.2.2.1
INDUSTRIAL EXPANSION AND CLEAN ENERGY INVESTMENTS TO DRIVE MARKET
13.2.3.1
EXPANDING INDUSTRIAL ACTIVITY ACROSS OIL & GAS, CHEMICALS, POWER GENERATION, AND MANUFACTURING SECTORS TO PROPEL MARKET
13.3.1.1
LARGE-SCALE INDUSTRIAL CAPACITY, REFINING EXPANSION, AND ENERGY TRANSITION TO AUGMENT MARKET GROWTH
13.3.2.1
RISING INDUSTRIALIZATION AND INDUSTRIAL GROWTH TO DRIVE MARKET GROWTH
13.3.3.1
PROCESS PRECISION, RETROFIT DEMAND, AND HYDROGEN TRANSITION TO DRIVE MARKET GROWTH
13.3.4.1
ADVANCED MANUFACTURING DEMAND, HYDROGEN ECONOMY PUSH, AND EXPORT-ORIENTED ENGINEERING TO AUGMENT MARKET GROWTH
13.3.5.1
LNG INFRASTRUCTURE, DOWNSTREAM PROCESSING, AND EXPORT-ORIENTED ENERGY PROJECTS TO DRIVE MARKET
13.3.6.1
ENERGY EXPORT INFRASTRUCTURE, RESOURCE PROCESSING, AND EMERGING CLEAN ENERGY PROJECTS TO DRIVE MARKET GROWTH
13.3.7.1
GAS UTILIZATION, REFINERY UPGRADES, AND INDUSTRIAL EXPANSION TO DRIVE MARKET GROWTH
13.3.8
REST OF ASIA PACIFIC
13.4.1.1
RISING ENERGY TRANSITION AND INDUSTRIAL BASE TO ACCELERATE MARKET GROWTH
13.4.2.1
NUCLEAR ENERGY DOMINANCE, HYDROGEN TRANSITION, AND INDUSTRIAL DEMAND TO DRIVE MARKET GROWTH
13.4.3.1
INDUSTRIAL STRENGTH AND STRINGENT REGULATIONS TO DRIVE MARKET GROWTH
13.4.4.1
OIL & GAS DOMINANCE AND INFRASTRUCTURE EXPANSION TO PROPEL MARKET
13.5
MIDDLE EAST & AFRICA
13.5.1.1
OIL & GAS EXPANSION, PETROCHEMICAL INVESTMENTS, AND LOCALIZATION INITIATIVES TO DRIVE MARKET GROWTH
13.5.1.2.1
OIL & GAS-LED DEMAND AND INDUSTRIAL EXPANSION TO DRIVE MARKET GROWTH
13.5.1.3.1
INDUSTRIAL DIVERSIFICATION AND ENERGY TRANSITION TO DRIVE MARKET GROWTH
13.5.1.4
REST OF GCC COUNTRIES
13.5.2.1
GAS EXPORT INFRASTRUCTURE, REFINERY MODERNIZATION, AND PROCESS INDUSTRY DEMAND TO DRIVE MARKET
13.5.3.1
OIL & GAS PROCESSING, REFINERY UPGRADES, AND DOWNSTREAM EXPANSION TO DRIVE DEMAND
13.5.4.1
NEED FOR INFRASTRUCTURE MODERNIZATION TO PROPEL GROWTH
13.5.5
REST OF MIDDLE EAST & AFRICA
13.6.1.1
INDUSTRIAL EXPANSION, PROCESS INDUSTRY GROWTH, AND RESOURCE-DRIVEN DEMAND TO DRIVE MARKET
13.6.2.1
OIL & GAS SECTOR EXPANSION TO DRIVE DEMAND FOR PRESSURE VESSELS IN ARGENTINA
13.6.3
REST OF SOUTH AMERICA
14
COMPETITIVE LANDSCAPE
177
14.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2026
14.3
REVENUE ANALYSIS, 2020–2024
14.4
MARKET SHARE ANALYSIS, 2024
14.5
COMPANY VALUATION AND FINANCIAL METRICS
14.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
14.7.5
COMPANY FOOTPRINT, KEY PLAYERS, 2024
14.7.5.1
COMPANY FOOTPRINT
14.7.5.2
REGION FOOTPRINT
14.7.5.4
PRESSURE RATING FOOTPRINT
14.7.5.5
END-USE INDUSTRY FOOTPRINT
14.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
14.8.1
PROGRESSIVE COMPANIES
14.8.2
RESPONSIVE COMPANIES
14.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
14.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
14.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
14.9
COMPETITIVE SCENARIO
14.9.4
OTHER DEVELOPMENTS
15
COMPANY PROFILES
201
15.1.1
BHARAT HEAVY ELECTRICALS LIMITED
15.1.1.1
BUSINESS OVERVIEW
15.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
15.1.1.3
RECENT DEVELOPMENTS
15.1.1.3.3
OTHER DEVELOPMENTS
15.1.1.4.1
KEY STRENGTHS/RIGHT TO WIN
15.1.1.4.2
STRATEGIC CHOICES
15.1.1.4.3
WEAKNESSES AND COMPETITIVE THREATS
15.1.2
MITSUBISHI HEAVY INDUSTRIES, LTD.
15.1.4
LARSEN & TOUBRO LIMITED
15.1.5
BABCOCK & WILCOX ENTERPRISES, INC.
15.1.7
ISGEC HITACHI ZOSEN LTD.
15.1.8
DONGTURBO ELECTRIC COMPANY LTD.
15.1.10
WESTINGHOUSE ELECTRIC COMPANY LLC
15.1.11
HALVORSEN COMPANY
15.1.12
BOSCH INDUSTRIEKESSEL GMBH
15.1.14
GODREJ ENTERPRISES
15.1.15
KARADANI ENGINEERING PVT. LTD.
15.2.1
ALLOY PRODUCTS CORP.
15.2.2
KELVION HOLDING GMBH
15.2.4
ZAMIL PROCESS EQUIPMENT COMPANY LIMITED
15.2.5
WEIHAI CHEMICAL MACHINERY CO., LTD.
15.2.6
MIURA AMERICA CO., LTD.
15.2.7
INFINITE COMPOSITES
15.2.8
SUN BOILERS PVT. LTD.
15.2.10
STEELHEAD COMPOSITES, INC.
16
RESEARCH METHODOLOGY
254
16.2
SECONDARY AND PRIMARY RESEARCH
16.2.1.1
LIST OF KEY SECONDARY SOURCES
16.2.1.2
KEY DATA FROM SECONDARY SOURCES
16.2.2.1
LIST OF PRIMARY INTERVIEW PARTICIPANTS
16.2.2.2
KEY INDUSTRY INSIGHTS
16.2.2.3
BREAKDOWN OF PRIMARIES
16.2.2.4
KEY DATA FROM PRIMARY SOURCES
16.3
MARKET SIZE ESTIMATION METHODOLOGY
16.3.1
BOTTOM-UP APPROACH
16.3.3
DEMAND-SIDE ANALYSIS
16.3.3.1
DEMAND-SIDE ASSUMPTIONS
16.3.3.2
DEMAND-SIDE CALCULATIONS
16.3.4
SUPPLY-SIDE ANALYSIS
16.3.4.1
SUPPLY-SIDE ASSUMPTIONS
16.3.4.2
SUPPLY-SIDE CALCULATIONS
16.5
MARKET BREAKDOWN AND DATA TRIANGULATION
16.6
RESEARCH LIMITATIONS
17.1
INSIGHTS FROM INDUSTRY EXPERTS
17.3
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4
CUSTOMIZATION OPTIONS
TABLE 1
PRESSURE VESSELS MARKET: INCLUSIONS AND EXCLUSIONS
TABLE 2
INTERCONNECTED MARKETS
TABLE 3
KEY MOVES AND STRATEGIC FOCUS
TABLE 4
PRESSURE VESSELS MARKET: IMPACT OF PORTER’S FIVE FORCES ANALYSIS
TABLE 5
GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2029
TABLE 6
ROLES OF COMPANIES IN PRESSURE VESSELS ECOSYSTEM
TABLE 7
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY TYPE, 2022–2031
TABLE 8
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY REGION, 2022–2031
TABLE 9
IMPORT DATA FOR HS CODE 8401-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD THOUSAND)
TABLE 10
EXPORT DATA FOR HS CODE 8401-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD THOUSAND)
TABLE 11
PRESSURE VESSELS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2026–2027
TABLE 12
PRESSURE VESSEL APPLICATIONS IN HYDROGEN REFUELING INFRASTRUCTURE
TABLE 13
ROLE OF INDUSTRIAL PRESSURE VESSELS IN LOW-CARBON HYDROGEN REACTORS
TABLE 14
PRESSURE VESSELS FOR HYDROGEN STORAGE INFRASTRUCTURE
TABLE 15
US-ADJUSTED RECIPROCAL TARIFF RATES
TABLE 16
EXPECTED CHANGE IN PRICES AND IMPACT ON END-USE MARKETS DUE TO TARIFFS
TABLE 17
LIST OF PATENTS, 2021–2026
TABLE 18
HYDROGEN STORAGE AND TRANSPORT: HYDROGEN ECONOMY ENABLEMENT THROUGH HIGH-PRESSURE STORAGE SYSTEMS
TABLE 19
CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS): DECARBONIZATION SUPPORT VIA CCUS-INTEGRATED PRESSURE VESSELS
TABLE 20
SMALL MODULAR REACTORS (SMRS) AND ADVANCED NUCLEAR SYSTEMS: NEXT-GENERATION NUCLEAR SYSTEMS WITH SMR PRESSURE VESSEL INNOVATION
TABLE 21
AEROSPACE AND SPACE EXPLORATION: ADVANCED AEROSPACE APPLICATIONS FOR HIGH-PERFORMANCE PRESSURE VESSELS
TABLE 22
BIOPHARMACEUTICAL AND FOOD PROCESSING: HIGH-PURITY PROCESSING SOLUTIONS FOR BIOPHARMA AND FOOD INDUSTRIES
TABLE 23
TOP USE CASES AND MARKET POTENTIAL
TABLE 24
BEST PRACTICES IN PRESSURE VESSELS, BY COMPANY
TABLE 25
CASE STUDIES RELATED TO GEN AI IMPLEMENTATION
TABLE 26
INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT ON MARKET PLAYERS
TABLE 27
NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 28
EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 29
ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 30
ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 31
GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 32
PRESSURE VESSELS MARKET: GLOBAL INDUSTRY STANDARDS
TABLE 33
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
TABLE 34
KEY BUYING CRITERIA FOR THREE END-USE INDUSTRIES
TABLE 35
UNMET NEEDS IN PRESSURE VESSELS MARKET, BY END-USE INDUSTRY
TABLE 36
PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 37
PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 40
STORAGE VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 41
STORAGE VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 42
PROCESSING VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 43
PROCESSING VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 44
BOILERS: PROCESSING VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 45
BOILERS: PROCESSING VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 52
PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 53
PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 54
0–10 BAR: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 55
0–10 BAR: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 56
11–50 BAR: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 57
11–50 BAR: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 58
51–100 BAR: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 59
51–100 BAR: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 60
ABOVE 100 BAR: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 61
ABOVE 100 BAR: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 62
PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 63
PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 64
STEEL: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 65
STEEL: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 66
TITANIUM: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 67
TITANIUM: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 68
NICKEL ALLOYS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 69
NICKEL ALLOYS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 70
ALUMINUM: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 71
ALUMINUM: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 72
COMPOSITES: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 73
COMPOSITES: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 74
OTHER MATERIALS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 75
OTHER MATERIALS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 76
PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 77
PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 78
POWER GENERATION: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 79
POWER GENERATION: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 80
OIL & GAS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 81
OIL & GAS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 82
FOOD & BEVERAGES: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 83
FOOD & BEVERAGES: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 84
PHARMACEUTICALS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 85
PHARMACEUTICALS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 86
CHEMICALS: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 87
CHEMICALS: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 88
OTHER END-USE INDUSTRIES: PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 89
OTHER END-USE INDUSTRIES: PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 90
PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (USD MILLION)
TABLE 91
PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (USD MILLION)
TABLE 92
PRESSURE VESSELS MARKET, BY REGION, 2022–2025 (MILLION UNITS)
TABLE 93
PRESSURE VESSELS MARKET, BY REGION, 2026–2031 (MILLION UNITS)
TABLE 94
NORTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 95
NORTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 96
NORTH AMERICA: PROCESSING VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 97
NORTH AMERICA: PROCESSING VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 98
NORTH AMERICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 99
NORTH AMERICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 100
NORTH AMERICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 101
NORTH AMERICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 102
NORTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 103
NORTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 104
NORTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2022–2025 (USD MILLION)
TABLE 105
NORTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
TABLE 106
US: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 107
US: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 108
CANADA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 109
CANADA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 110
MEXICO: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 111
MEXICO: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 112
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 113
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 114
ASIA PACIFIC: PROCESSING VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 115
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY PROCESSING VESSELS, 2026–2031 (USD MILLION)
TABLE 116
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 117
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 118
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 119
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 120
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 121
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 122
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY COUNTRY, 2022–2025 (USD MILLION)
TABLE 123
ASIA PACIFIC: PRESSURE VESSELS MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
TABLE 124
CHINA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 125
CHINA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 126
INDIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 127
INDIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 128
JAPAN: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 129
JAPAN: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 130
SOUTH KOREA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 131
SOUTH KOREA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 132
MALAYSIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 133
MALAYSIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 134
AUSTRALIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 135
AUSTRALIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 136
INDONESIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 137
INDONESIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 138
REST OF ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 139
REST OF ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 140
EUROPE: PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 141
EUROPE: PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 142
EUROPE: PROCESSING VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 143
EUROPE: PROCESSING VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 144
EUROPE: PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 145
EUROPE: PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 146
EUROPE: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 147
EUROPE: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 148
EUROPE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 149
EUROPE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 150
EUROPE: PRESSURE VESSELS MARKET, BY COUNTRY, 2022–2025 (USD MILLION)
TABLE 151
EUROPE: PRESSURE VESSELS MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
TABLE 152
UK: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 153
UK: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 154
FRANCE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 155
FRANCE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 156
GERMANY: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 157
GERMANY: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 158
RUSSIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 159
RUSSIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 160
REST OF EUROPE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 161
REST OF EUROPE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 162
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 163
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 164
MIDDLE EAST & AFRICA: PROCESSING VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 165
MIDDLE EAST & AFRICA: PROCESSING VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 166
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 167
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 168
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 169
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 170
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 171
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 172
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2022–2025 (USD MILLION)
TABLE 173
MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
TABLE 174
GCC COUNTRIES: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 175
GCC COUNTRIES: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 176
SAUDI ARABIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 177
SAUDI ARABIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 178
UAE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 179
UAE: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 180
REST OF GCC COUNTRIES: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 181
REST OF GCC COUNTRIES: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 182
ALGERIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 183
ALGERIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 184
NIGERIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 185
NIGERIA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 186
SOUTH AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 187
SOUTH AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 188
REST OF MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 189
REST OF MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 190
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 191
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 192
SOUTH AMERICA: PROCESSING VESSELS MARKET, BY TYPE, 2022–2025 (USD MILLION)
TABLE 193
SOUTH AMERICA: PROCESSING VESSELS MARKET, BY TYPE, 2026–2031 (USD MILLION)
TABLE 194
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2022–2025 (USD MILLION)
TABLE 195
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY MATERIAL, 2026–2031 (USD MILLION)
TABLE 196
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2022–2025 (USD MILLION)
TABLE 197
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY PRESSURE RATING, 2026–2031 (USD MILLION)
TABLE 198
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 199
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 200
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2022–2025 (USD MILLION)
TABLE 201
SOUTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
TABLE 202
BRAZIL: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 203
BRAZIL: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 204
ARGENTINA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 205
ARGENTINA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 206
REST OF SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2022–2025 (USD MILLION)
TABLE 207
REST OF SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USE INDUSTRY, 2026–2031 (USD MILLION)
TABLE 208
PRESSURE VESSELS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2022–APRIL 2026
TABLE 209
PRESSURE VESSELS MARKET: DEGREE OF COMPETITION, 2024
TABLE 210
PRESSURE VESSELS MARKET: REGION FOOTPRINT
TABLE 211
PRESSURE VESSELS MARKET: TYPE FOOTPRINT
TABLE 212
PRESSURE VESSELS MARKET: PRESSURE RATING FOOTPRINT
TABLE 213
PRESSURE VESSELS MARKET: END-USE INDUSTRY FOOTPRINT
TABLE 214
PRESSURE VESSELS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 215
PRESSURE VESSELS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 216
PRESSURE VESSELS MARKET: PRODUCT LAUNCHES, JANUARY 2022–APRIL 2026
TABLE 217
PRESSURE VESSELS MARKET: DEALS, JANUARY 2022–APRIL 2026
TABLE 218
PRESSURE VESSELS MARKET: EXPANSIONS, JANUARY 2022–APRIL 2026
TABLE 219
PRESSURE VESSELS MARKET: OTHER DEVELOPMENTS, JANUARY 2022–APRIL 2026
TABLE 220
BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
TABLE 221
BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 222
BHARAT HEAVY ELECTRICALS LIMITED: DEALS
TABLE 223
BHARAT HEAVY ELECTRICALS LIMITED: EXPANSIONS
TABLE 224
BHARAT HEAVY ELECTRICALS LIMITED: OTHER DEVELOPMENTS
TABLE 225
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
TABLE 226
MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 227
MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
TABLE 228
MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHER DEVELOPMENTS
TABLE 229
IHI CORPORATION: COMPANY OVERVIEW
TABLE 230
IHI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 231
IHI CORPORATION: DEALS
TABLE 232
IHI CORPORATION: OTHER DEVELOPMENTS
TABLE 233
LARSEN & TOUBRO LIMITED: COMPANY OVERVIEW
TABLE 234
LARSEN & TOUBRO LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 235
LARSEN & TOUBRO LIMITED: DEALS
TABLE 236
LARSEN & TOUBRO LIMITED: EXPANSIONS
TABLE 237
LARSEN & TOUBRO LIMITED: OTHER DEVELOPMENTS
TABLE 238
BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW
TABLE 239
BABCOCK & WILCOX ENTERPRISES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 240
BABCOCK & WILCOX ENTERPRISES, INC.: OTHER DEVELOPMENTS
TABLE 241
GE VERNOVA: COMPANY OVERVIEW
TABLE 242
GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 243
GE VERNOVA: DEALS
TABLE 244
ISGEC HITACHI ZOSEN LTD.: COMPANY OVERVIEW
TABLE 245
ISGEC HITACHI ZOSEN LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 246
ISGEC HITACHI ZOSEN LTD.: DEALS
TABLE 247
DONGTURBO ELECTRIC COMPANY LTD.: COMPANY OVERVIEW
TABLE 248
DONGTURBO ELECTRIC COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 249
SAMUEL, SON & CO.: BUSINESS OVERVIEW
TABLE 250
SAMUEL, SON & CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 251
SAMUEL, SON & CO.: EXPANSIONS
TABLE 252
WESTINGHOUSE ELECTRIC COMPANY LLC: COMPANY OVERVIEW
TABLE 253
WESTINGHOUSE ELECTRIC COMPANY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 254
WESTINGHOUSE ELECTRIC COMPANY LLC: DEALS
TABLE 255
WESTINGHOUSE ELECTRIC COMPANY LLC: OTHER DEVELOPMENTS
TABLE 256
HALVORSEN COMPANY: COMPANY OVERVIEW
TABLE 257
HALVORSEN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 258
BOSCH INDUSTRIEKESSEL GMBH: COMPANY OVERVIEW
TABLE 259
BOSCH INDUSTRIEKESSEL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 260
BOSCH INDUSTRIEKESSEL GMBH: DEALS
TABLE 261
ALFA LAVAL: COMPANY OVERVIEW
TABLE 262
ALFA LAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 263
ALFA LAVAL: PRODUCT LAUNCHES
TABLE 264
ALFA LAVAL: DEALS
TABLE 265
GODREJ ENTERPRISES: COMPANY OVERVIEW
TABLE 266
GODREJ ENTERPRISES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 267
KARADANI ENGINEERING PVT. LTD.: COMPANY OVERVIEW
TABLE 268
KARADANI ENGINEERING PVT LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 269
ALLOY PRODUCTS CORP.: COMPANY OVERVIEW
TABLE 270
KELVION HOLDING GMBH: COMPANY OVERVIEW
TABLE 271
ÖRNALP UNOZON: COMPANY OVERVIEW
TABLE 272
ZAMIL PROCESS EQUIPMENT COMPANY LIMITED: COMPANY OVERVIEW
TABLE 273
WEIHAI CHEMICAL MACHINERY CO., LTD.: COMPANY OVERVIEW
TABLE 274
MIURA AMERICA CO., LTD.: COMPANY OVERVIEW
TABLE 275
INFINITE COMPOSITES: COMPANY OVERVIEW
TABLE 276
SUN BOILERS PVT. LTD.: COMPANY OVERVIEW
TABLE 277
KAIROS POWER: COMPANY OVERVIEW
TABLE 278
STEELHEAD COMPOSITES, INC.: COMPANY OVERVIEW
TABLE 279
LIST OF PRIMARY INTERVIEW PARTICIPANTS
TABLE 280
DATA OBTAINED FROM PRIMARY SOURCES
FIGURE 1
PRESSURE VESSELS MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2
DURATION CONSIDERED
FIGURE 4
GLOBAL PRESSURE VESSELS MARKET, 2022–2031
FIGURE 5
MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN PRESSURE VESSELS MARKET, 2022–2026
FIGURE 6
DISRUPTIONS INFLUENCING GROWTH OF PRESSURE VESSELS MARKET
FIGURE 7
HIGH-GROWTH SEGMENTS IN PRESSURE VESSELS MARKET, 2026–2031
FIGURE 8
ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 9
RAPID GROWTH IN CHEMICAL INDUSTRY & ENERGY DEMAND TO DRIVE MARKET
FIGURE 10
PROCESSING VESSELS SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARES IN 2025
FIGURE 11
PROCESSING VESSELS SEGMENT HELD LARGER MARKET SHARE IN 2025
FIGURE 12
11–50 BAR SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2025
FIGURE 13
STEEL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2025
FIGURE 14
POWER GENERATION SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2025
FIGURE 15
CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16
PRESSURE VESSELS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 17
GLOBAL CHEMICAL SALES, 2020–2024
FIGURE 18
GLOBAL ELECTRICITY TOTAL DEMAND GROWTH (TWH), 2015–2030
FIGURE 19
GLOBAL RENEWABLE ENERGY CAPACITY GROWTH, 2022–2030
FIGURE 20
NUCLEAR ELECTRICITY GENERATION, BY COUNTRY, 2024
FIGURE 21
GLOBAL NUCLEAR ENERGY INVESTMENT, 2015–2025
FIGURE 22
PRESSURE VESSELS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 23
PRESSURE VESSELS MARKET: VALUE CHAIN ANALYSIS
FIGURE 24
KEY PARTICIPANTS IN PRESSURE VESSELS MARKET ECOSYSTEM
FIGURE 25
PRESSURE VESSELS MARKET: ECOSYSTEM ANALYSIS
FIGURE 26
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY TYPE, 2022–2031
FIGURE 27
AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY REGION, 2022–2031
FIGURE 28
IMPORT DATA FOR HS CODE 8401-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2021–2024
FIGURE 29
EXPORT DATA FOR HS CODE 8401-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD THOUSAND)
FIGURE 30
TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESSES
FIGURE 31
INVESTMENT AND FUNDING SCENARIO, 2025
FIGURE 32
PATENTS APPLIED AND GRANTED, 2015–2025
FIGURE 33
FUTURE APPLICATIONS OF PRESSURE VESSELS
FIGURE 34
KEY PLAYERS’ READINESS TO ADOPT AI/GEN
FIGURE 35
PRESSURE VESSELS MARKET: FACTORS INFLUENCING DECISION-MAKING
FIGURE 36
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END-USE INDUSTRIES
FIGURE 37
KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
FIGURE 38
ADOPTION BARRIERS AND INTERNAL CHALLENGES
FIGURE 39
PRESSURE VESSELS MARKET SHARE, BY TYPE, 2025
FIGURE 40
PRESSURE VESSELS MARKET SHARE, BY PRESSURE RATING, 2025
FIGURE 41
PRESSURE VESSELS MARKET, BY MATERIAL, 2025
FIGURE 42
PRESSURE VESSELS MARKET SHARE, BY END-USE INDUSTRY, 2025
FIGURE 43
CHINA TO REGISTER HIGHEST CAGR IN PRESSURE VESSELS MARKET DURING FORECAST PERIOD
FIGURE 44
NORTH AMERICA: PRESSURE VESSELS MARKET SNAPSHOT
FIGURE 45
ASIA PACIFIC: PRESSURE VESSELS MARKET SNAPSHOT
FIGURE 46
PRESSURE VESSELS MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024
FIGURE 47
MARKET SHARE ANALYSIS OF COMPANIES OFFERING PRESSURE VESSELS, 2024
FIGURE 48
COMPANY VALUATION
FIGURE 49
FINANCIAL METRICS (EV/EBITDA)
FIGURE 50
BRAND COMPARISON
FIGURE 51
PRESSURE VESSELS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 52
PRESSURE VESSELS MARKET: COMPANY FOOTPRINT
FIGURE 53
PRESSURE VESSELS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 54
BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
FIGURE 55
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
FIGURE 56
IHI CORPORATION: COMPANY SNAPSHOT
FIGURE 57
LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT
FIGURE 58
BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT
FIGURE 59
GE VERNOVA: COMPANY SNAPSHOT
FIGURE 60
ALFA LAVAL: COMPANY SNAPSHOT
FIGURE 61
PRESSURE VESSELS MARKET: RESEARCH DESIGN
FIGURE 62
KEY DATA FROM SECONDARY SOURCES
FIGURE 63
INSIGHTS FROM INDUSTRY EXPERTS
FIGURE 64
PRESSURE VESSELS MARKET: BOTTOM-UP APPROACH
FIGURE 65
PRESSURE VESSELS MARKET: TOP-DOWN APPROACH
FIGURE 66
KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR PRESSURE VESSELS
FIGURE 67
KEY METRICS CONSIDERED TO ASSESS SUPPLY OF PRESSURE VESSELS
FIGURE 68
PRESSURE VESSELS MARKET: SUPPLY-SIDE ANALYSIS
FIGURE 69
INDUSTRY CONCENTRATION, 2025
FIGURE 70
PRESSURE VESSELS MARKET: DATA TRIANGULATION
FIGURE 71
PRESSURE VESSELS MARKET: RESEARCH LIMITATIONS
Methodology
The study involved major activities in estimating the current size of the pressure vessels market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the pressure vessels market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, the International Energy Agency, and BP Statistical Review of World Energy, to identify and collect valuable information for a technical, market-oriented, and commercial study of the global pressure vessels market. Other secondary sources included annual reports, press releases, and investor presentations from companies; white papers; certified publications; articles by recognized authors; manufacturer associations; trade directories; and databases.
Primary Research
The pressure vessels market comprises stakeholders such as pressure vessel manufacturers, technology providers, and support providers in the supply chain. On the demand side, the pressure vessels market is driven by growing adoption of pressure vessels in power generation, oil & gas, and chemicals sectors, due to surging energy demand, rapid industrialization, and infrastructure investments worldwide. Additional factors include the expansion of oil & gas refining, the growing adoption of renewables, and advancements in power generation technologies. On the supply side, manufacturers are seeing increasing opportunities through contracts with utility and industrial distribution networks, as well as through strategic initiatives such as mergers, acquisitions, and partnerships among major players to expand their market presence and technological capabilities. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:
Note: “Others” include sales managers, engineers, and regional managers.
The tiers of the companies are defined by their total revenue as of 2025: Tier 1: >USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were employed to estimate and validate the size of the pressure-vessel market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in each region was determined through a combination of primary and secondary research. The research methodology involves analyzing the annual and financial reports of leading market players and conducting interviews with industry experts, including chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gather key quantitative and qualitative insights into the pressure vessels market.
Pressure Vessels Market : Top-Down and Bottom-Up Approach
Data Triangulation
After determining the overall market size through the estimation process explained above, the total market has been divided into several segments and subsegments. To complete the overall market engineering process and obtain the exact statistics for all segments and subsegments, data triangulation and market breakdown processes have been employed, where applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market has been validated using both top-down and bottom-up approaches.
Market Definition
A pressure vessel is a container designed to hold gases or liquids at a pressure significantly different from ambient pressure. The pressure within the vessel may be higher or lower than the atmospheric pressure outside. Pressure vessels are used in a variety of industrial and commercial applications, including chemical processing, oil and gas production, power generation, and manufacturing. They can be made from various materials, including metals, plastics, and composites, and are typically designed to meet specific safety standards and regulations, ensuring they can withstand the pressure and stress they experience during operation.
Key Stakeholders
- pressure vessel manufacturers
- pressure vessel associations
- Oilfield service players
- Public and private oil & gas and power generation operators
- Government and research organizations
- Pressure vessel raw material providers
- Consulting companies
- Industrial users
Report Objectives
- To describe and forecast the pressure vessels market, by type, pressure rating, material, end-use industry, and region, in terms of value
- To describe and forecast the pressure vessels market for various segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, in terms of value
- To describe and forecast the pressure vessels market, by region, in terms of volume
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To provide a detailed overview of the pressure vessels chain analysis, use case analysis, key stakeholders and buying criteria, patent analysis, trade analysis, tariff analysis, regulations, macroeconomic outlook, pricing analysis, Porter’s five forces analysis, impact of gen AI/AI, and the US tariff impact
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the market’s competitive landscape.
- To analyze growth strategies, such as acquisitions, investments, expansions, and product launches, adopted by market players in the pressure vessels market
1 Micromarkets are defined as the segments and subsegments of the pressure vessels market included in the report.
2 Core competencies of companies are defined in terms of key developments and strategies adopted to sustain their positions in the pressure vessels market.
Available customizations:
MarketsandMarkets offers customizations tailored to the specific needs of companies using the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the pressure vessels, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Personalize This Research
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
Let Us Help You
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Kimberly Murphy
GLOBAL MARKETING DIRECTOR
Bently Nevada,
Leading Condition Monitoring & Asset Protection
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DARRICK HUEBER
Business Development Leader
Nexus Controls LLC,
Leading Manufacturer of Automation System & Electrical Panels
We partnered with MarketsandMarkets to expand our business further by tapping into new industrial segments. It was critical for us to gather crucial business insights about specific markets to achieve this goal. MarketsandMarkets engagement model and client services helped us provide those insights, it was really impressive and valuable for my business. The team was extremely flexible and helpful.
Mike Schoff
Global Industrial Commercial Strategy Leader
Nexus Controls LLC
Leading Manufacturer of Automation System & Electrical Panels
We consulted MarketsandMarkets for potential Partner Identification. Overall, it was a good experience. The insights provided through interviews conducted by the team helped us put together the questionnaire required for discussion with the selected partners. Their ability to provide insights through interviews with customers in a timely manner was quite impressive.
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