Global Pressure Vessels Market 2023-2027

Global Pressure Vessels Market 2023-2027

Technavio has been monitoring the pressure vessels market and is forecast to grow by $41.91 bn during 2022-2027, accelerating at a CAGR of 4.34% during the forecast period. Our report on the pressure vessels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by amplified demand for water and wastewater treatment, increasing demand for energy, and an increase in CCGT power plants.

Technavio's pressure vessels market is segmented as below:

By End-user

  • Chemicals
  • Power generation
  • Oil and gas
  • Others
By Type
  • Boilers
  • Separators
  • Reactors
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the growth in the nuclear power sector as one of the prime reasons driving the pressure vessels market growth during the next few years. Also, the growing demand for renewable energy sources and development in the petrochemical and chemical industry in India will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the pressure vessels market covers the following areas:
  • Pressure vessels market sizing
  • Pressure vessels market forecast
  • Pressure vessels market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pressure vessels market vendors that include Abbott and Co. Newark Ltd., Alloy Products Corp., Andritz AG, Babcock and Wilcox Enterprises Inc., Baffles cooling systems, Bharat Heavy Electricals Ltd., Doosan Corp., GEA Group AG, GFSA Ltd., Godrej and Boyce Manufacturing Co. Ltd., Halvorsen Co., Hitachi Zosen Corp., IHI Corp., KWS Manufacturing Co. Ltd., Larsen and Toubro Ltd., Lloyds Steel Industries Ltd., Mitsubishi Heavy Industries Ltd., Pressure Vessels India, Samuel Son and Co. Ltd., and Zamil Industrial Investment Co. Also, the pressure vessels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global pressure vessels market 2017 - 2021
      • Table Historic Market Size – Data Table on Global pressure vessels market 2017 - 2021 ($ billion)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • Distribution channel Segment Analysis 2017 - 2021
      • Table Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Chemicals - Market size and forecast 2022-2027
      • Table Chart on Chemicals - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Chemicals - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Chemicals - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Chemicals - Year-over-year growth 2022-2027 (%)
    • Power generation - Market size and forecast 2022-2027
      • Table Chart on Power generation - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Power generation - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Power generation - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Power generation - Year-over-year growth 2022-2027 (%)
    • Oil and gas - Market size and forecast 2022-2027
      • Table Chart on Oil and gas - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Oil and gas - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Boilers - Market size and forecast 2022-2027
      • Table Chart on Boilers - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Boilers - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Boilers - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Boilers - Year-over-year growth 2022-2027 (%)
    • Separators - Market size and forecast 2022-2027
      • Table Chart on Separators - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Separators - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Separators - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Separators - Year-over-year growth 2022-2027 (%)
    • Reactors - Market size and forecast 2022-2027
      • Table Chart on Reactors - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Reactors - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Reactors - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Reactors - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
      • Table Data Table on Market opportunity by Type ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Amplified demand for water and wastewater treatment
      • Increasing demand for energy
      • Increase in CCGT power plants
    • Market challenges
      • Unpredictability in oil and gas prices
      • Overcapacity of refineries in developed countries leading to shutdown of refineries
      • Impact of environmental concerns on boiler water treatment market
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Growth in nuclear power sector
      • Growing demand for renewable energy sources
      • Development in petrochemical and chemical industry in India
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Abbott and Co. Newark Ltd.
      • Table Abbott and Co. Newark Ltd. - Overview
      • Table Abbott and Co. Newark Ltd. - Product / Service
      • Table Abbott and Co. Newark Ltd. - Key offerings
    • Alloy Products Corp.
      • Table Alloy Products Corp. - Overview
      • Table Alloy Products Corp. - Product / Service
      • Table Alloy Products Corp. - Key offerings
    • Andritz AG
      • Table Andritz AG - Overview
      • Table Andritz AG - Business segments
      • Table Andritz AG - Key offerings
      • Table Andritz AG - Segment focus
    • Babcock and Wilcox Enterprises Inc.
      • Table Babcock and Wilcox Enterprises Inc. - Overview
      • Table Babcock and Wilcox Enterprises Inc. - Business segments
      • Table Babcock and Wilcox Enterprises Inc. - Key news
      • Table Babcock and Wilcox Enterprises Inc. - Key offerings
      • Table Babcock and Wilcox Enterprises Inc. - Segment focus
    • Bharat Heavy Electricals Ltd.
      • Table Bharat Heavy Electricals Ltd. - Overview
      • Table Bharat Heavy Electricals Ltd. - Business segments
      • Table Bharat Heavy Electricals Ltd. - Key news
      • Table Bharat Heavy Electricals Ltd. - Key offerings
      • Table Bharat Heavy Electricals Ltd. - Segment focus
    • Doosan Corp.
      • Table Doosan Corp. - Overview
      • Table Doosan Corp. - Business segments
      • Table Doosan Corp. - Key offerings
      • Table Doosan Corp. - Segment focus
    • GEA Group AG
      • Table GEA Group AG - Overview
      • Table GEA Group AG - Business segments
      • Table GEA Group AG - Key offerings
      • Table GEA Group AG - Segment focus
    • Godrej and Boyce Manufacturing Co. Ltd.
      • Table Godrej and Boyce Manufacturing Co. Ltd. - Overview
      • Table Godrej and Boyce Manufacturing Co. Ltd. - Business segments
      • Table Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
      • Table Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
    • Halvorsen Co.
      • Table Halvorsen Co. - Overview
      • Table Halvorsen Co. - Product / Service
      • Table Halvorsen Co. - Key offerings
    • Hitachi Zosen Corp.
      • Table Hitachi Zosen Corp. - Overview
      • Table Hitachi Zosen Corp. - Business segments
      • Table Hitachi Zosen Corp. - Key offerings
      • Table Hitachi Zosen Corp. - Segment focus
    • IHI Corp.
      • Table IHI Corp. - Overview
      • Table IHI Corp. - Business segments
      • Table IHI Corp. - Key news
      • Table IHI Corp. - Key offerings
      • Table IHI Corp. - Segment focus
    • Larsen and Toubro Ltd.
      • Table Larsen and Toubro Ltd. - Overview
      • Table Larsen and Toubro Ltd. - Business segments
      • Table Larsen and Toubro Ltd. - Key news
      • Table Larsen and Toubro Ltd. - Key offerings
      • Table Larsen and Toubro Ltd. - Segment focus
    • Mitsubishi Heavy Industries Ltd.
      • Table Mitsubishi Heavy Industries Ltd. - Overview
      • Table Mitsubishi Heavy Industries Ltd. - Business segments
      • Table Mitsubishi Heavy Industries Ltd. - Key news
      • Table Mitsubishi Heavy Industries Ltd. - Key offerings
      • Table Mitsubishi Heavy Industries Ltd. - Segment focus
    • Pressure Vessels India
      • Table Pressure Vessels India - Overview
      • Table Pressure Vessels India - Product / Service
      • Table Pressure Vessels India - Key offerings
    • Samuel Son and Co. Ltd.
      • Table Samuel Son and Co. Ltd. - Overview
      • Table Samuel Son and Co. Ltd. - Product / Service
      • Table Samuel Son and Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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