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COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Pressure Vessel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global pressure vessel market exhibited XX growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different XX. These insights are included in the report as a major market contributor.

Pressure vessels are spherical or cylindrical containers used to store high-pressure gases or liquids. They comprise components, such as distributor trays, catalyst support grids, baffles, and de-mister pads. At present, the production of pressure vessels is inspected under the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessel Code. These standards aid in eliminating redundant fabrication, reducing traceability and inspection, improving quality control, and minimizing the overall cost.

Pressure Vessel Market Trends:

A considerable rise in the need for energy around the world on account of rapid urbanization and increasing reliance on smart devices represents one of the key factors strengthening the growth of the market. Pressure vessels are widely utilized as receivers wherein physical and chemical processes undertake at high temperatures and pressures. As a result, there is a significant rise in the employment of these vessels in the oil and gas industry across the globe. Moreover, pressure vessels are adopted in the chemical industry worldwide as they assist in combining, dividing, and removing directions of an existing product. They also offer benefits, such as resistance from cross-contamination and corrosion. Furthermore, leading players are introducing advanced pressure vessels, such as pressure boilers. This, in confluence with the growing usage of supercritical power generation technology, is creating a favorable market outlook. Besides this, the escalating demand for customized vessels is offering lucrative growth opportunities to market players across the globe. Some of the other major factors, including the thriving chemical and petrochemical industry, the increasing requirement for cooling and heating equipment, and extensive investments in exploration and production activities by leading oil and gas companies, are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pressure vessel market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on material, product and end use.

Breakup by Material:

  • Hastelloy
  • Titanium
  • Nickel and Nickel Alloys
  • Tantalum
  • Steel
    • Stainless Steel
    • Duplex Steel
    • Carbon Steel
    • Super Duplex Steel
    • Others
  • Others
     

Breakup by Product:

  • Boiler
  • Nuclear Reactor
  • Separator
  • Others
     

Breakup by End Use:

  • Chemicals and Petrochemicals
  • Oil and Gas
  • Power Generation
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott & Co (Newark) Ltd., Alloy Products Corp., Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, Doosan Heavy Industries & Construction, GEA Group Aktiengesellschaft, Halvorsen Company, IHI Corporation, Larsen & Toubro Limited, Mitsubishi Power Ltd., Pressure Vessels (India) and Samuel Son & Co.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Material, Product and End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott & Co (Newark) Ltd., Alloy Products Corp., Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, Doosan Heavy Industries & Construction, GEA Group Aktiengesellschaft, Halvorsen Company, IHI Corporation, Larsen & Toubro Limited, Mitsubishi Power Ltd., Pressure Vessels (India) and Samuel Son & Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global pressure vessel market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global pressure vessel market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global pressure vessel market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Pressure Vessel Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Material
    6.1    Hastelloy
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Titanium
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nickel & Nickel Alloys
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Tantalum
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Steel
        6.5.1 Market Trends
        6.5.2 Key Segments
           6.5.2.1 Stainless Steel
           6.5.2.2 Duplex Steel
           6.5.2.3 Carbon Steel
           6.5.2.4 Super Duplex Steel
           6.5.2.5 Others
        6.5.3 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Product
    7.1    Boiler
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Nuclear Reactor
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Separator
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use
    8.1    Chemicals and Petrochemicals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Oil and Gas
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Power Generation
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Abbott & Co (Newark) Ltd.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Alloy Products Corp.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Babcock & Wilcox Enterprises Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Bharat Heavy Electricals Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Doosan Heavy Industries & Construction
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    GEA Group Aktiengesellschaft
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Halvorsen Company
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    IHI Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Larsen & Toubro Limited
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Mitsubishi Power Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Pressure Vessels (India)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Samuel Son & Co.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Pressure Vessel Market: Major Drivers and Challenges
Figure 2: Global: Pressure Vessel Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Pressure Vessel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Pressure Vessel Market: Breakup by Material (in %), 2020
Figure 5: Global: Pressure Vessel Market: Breakup by Product (in %), 2020
Figure 6: Global: Pressure Vessel Market: Breakup by End Use (in %), 2020
Figure 7: Global: Pressure Vessel Market: Breakup by Region (in %), 2020
Figure 8: Global: Pressure Vessel (Hastelloy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Pressure Vessel (Hastelloy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Pressure Vessel (Titanium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Pressure Vessel (Titanium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Pressure Vessel (Nickel and Nickel Alloys) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Pressure Vessel (Nickel and Nickel Alloys) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Pressure Vessel (Tantalum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Pressure Vessel (Tantalum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Pressure Vessel (Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Pressure Vessel (Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Pressure Vessel (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Pressure Vessel (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Pressure Vessel (Boiler) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Pressure Vessel (Boiler) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Pressure Vessel (Nuclear Reactor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Pressure Vessel (Nuclear Reactor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Pressure Vessel (Separator) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Pressure Vessel (Separator) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Pressure Vessel (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Pressure Vessel (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Pressure Vessel (Chemicals and Petrochemicals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Pressure Vessel (Chemicals and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Pressure Vessel (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Pressure Vessel (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Pressure Vessel (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Pressure Vessel (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Pressure Vessel (Other End Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Pressure Vessel (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Pressure Vessel Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Pressure Vessel Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Pressure Vessel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Pressure Vessel Industry: SWOT Analysis
Figure 86: Global: Pressure Vessel Industry: Value Chain Analysis
Figure 87: Global: Pressure Vessel Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Pressure Vessel Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Pressure Vessel Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 3: Global: Pressure Vessel Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Pressure Vessel Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 5: Global: Pressure Vessel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Pressure Vessel Market: Competitive Structure
Table 7: Global: Pressure Vessel Market: Key Players

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