Pressure Vessels Market Size, Share, and Outlook, 2025 Report- By Type (Boilers, Separators, Reactors, Others), By Heat Source (Fired Pressure Vessels, Unfired Pressure Vessels), By Application (Storage Vessels, Processing Vessels), By End-User (Power, Oi

Pressure Vessels Market Outlook

Pressure Vessels Market Size is forecast to reach $84.7 Billion in 2032 from $59.9 Billion in 2025, at an optimistic growth rate of 5% from 2025 to 2032. The robust Pressure Vessels Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Pressure Vessels Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Boilers, Separators, Reactors, Others), By Heat Source (Fired Pressure Vessels, Unfired Pressure Vessels), By Application (Storage Vessels, Processing Vessels), By End-User (Power, Oil & Gas, Food & Beverages, Pharmaceuticals, Chemicals, Others). Over 70 tables and charts showcase findings from our latest survey report on Pressure Vessels Markets.

Pressure Vessels Market Insights, 2025: Pressure Vessels – Key Drivers and Opportunities

Pressure vessels are containers designed to hold gases or liquids at high pressure. These vessels are commonly used in industries such as oil and gas, chemical processing, power generation, food and beverage, and pharmaceuticals. They are designed to safely contain substances under extreme pressure, which makes them a critical component of many industrial systems.

The market for pressure vessels is driven by the increasing demand for energy, particularly in oil, gas, and power generation industries. As energy production becomes more complex, the need for specialized pressure vessels to handle high-pressure processes in refineries, chemical plants, and power plants grows. The expansion of the chemical and petrochemical industries globally, especially in emerging economies, contributes to the increased use of pressure vessels in various processing and manufacturing applications. Additionally, the growing demand for clean energy sources such as hydrogen and natural gas also drives the need for high-pressure systems for storage and transportation.

Opportunities in the pressure vessel market lie in the increasing demand for vessels made from advanced materials such as composite materials, which are lighter and more durable than traditional metals. The growing trend of hydrogen production and storage as an alternative energy source presents a significant opportunity, as hydrogen requires specialized pressure vessels for storage and transport. Additionally, as industries face growing regulatory pressures to improve safety standards, there is a demand for pressure vessels that meet stringent safety and environmental guidelines. Innovations in the design of pressure vessels, such as corrosion-resistant coatings and more efficient heat transfer technologies, also provide opportunities for growth in this market.

Five Trends that will define global Pressure Vessels Market in 2025 and Beyond

A closer look at the multi-million global market for Pressure Vessels Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Pressure Vessels Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Pressure Vessels Industry?

The Pressure Vessels Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Pressure Vessels Market Segment Insights

The Pressure Vessels Industry presents strong offers across categories. The analytical report offers forecasts of Pressure Vessels Industry performance across segments and countries. Key segments in the industry include- By Type (Boilers, Separators, Reactors, Others), By Heat Source (Fired Pressure Vessels, Unfired Pressure Vessels), By Application (Storage Vessels, Processing Vessels), By End-User (Power, Oil & Gas, Food & Beverages, Pharmaceuticals, Chemicals, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Pressure Vessels Market size outlook is provided for 22 countries across these regions.

Pressure Vessels Industry Value Chain

The chapter identifies potential companies and their operations across the global Pressure Vessels Industry ecosystem. It assists decision-makers in evaluating global Pressure Vessels Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Pressure Vessels Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Pressure Vessels Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Pressure Vessels Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Pressure Vessels Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Pressure Vessels Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Pressure Vessels Market Insights- Executives are most excited about opportunities for the US Pressure Vessels Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Pressure Vessels Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Pressure Vessels Market.

Latin American Pressure Vessels Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Pressure Vessels Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Pressure Vessels Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Pressure Vessels Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Pressure Vessels Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Alfa Laval, Babcock & Wilcox Enterprises Inc, Bharat Heavy Electricals Ltd, Bumhan Mecatec, Dongfang Turbine Co. Ltd, ERGIL, General Electric Company, Gladwin Tank, Halliburton, Halvorsen Company, Hitachi Zosen Corp, IHI Corp, Kelvion Holding GmbH, Larsen & Toubro Ltd, Mitsubishi Hitachi Power Systems Ltd, Pressure Vessels, Robinson Pipe & Vessel, Samuel, Son & Co., VI Flow, Westinghouse Electric Company.

Pressure Vessels Market Scope and Segmentation

By Type

Boilers

Separators

Reactors

Others

By Heat Source

Fired Pressure Vessels

Unfired Pressure Vessels

By Application

Storage Vessels

Processing Vessels

By End-User

Power

Oil & Gas

Food & Beverages

Pharmaceuticals

Chemicals

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Pressure Vessels Market Research-

Alfa Laval

Babcock & Wilcox Enterprises Inc

Bharat Heavy Electricals Ltd

Bumhan Mecatec

Dongfang Turbine Co. Ltd

ERGIL

General Electric Company

Gladwin Tank

Halliburton

Halvorsen Company

Hitachi Zosen Corp

IHI Corp

Kelvion Holding GmbH

Larsen & Toubro Ltd

Mitsubishi Hitachi Power Systems Ltd

Pressure Vessels

Robinson Pipe & Vessel

Samuel, Son & Co.

VI Flow

Westinghouse Electric Company

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
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• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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