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.