A fresh report titled “Pressure Vessel Market” has been presented by ReportsnReports. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.
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The Global Pressure Vessel Market size is projected to reach USD 53.3 Billion by 2025 from an estimated USD 42.7 Billion in 2020, at a CAGR of 4.5% during the forecast period.
Top Companies Profiled in the Pressure Vessel Market:
- Babcock & Wilcox Enterprises (US)
- General Electric(US)
- Larsen & Toubro (India)
- IHI Corporation (Japan)
- Mitsubishi Hitachi Power Systems (Japan)
- Hitachi Zosen (Japan)
- Bharat Heavy Electricals Limited (India)
- Doosan Mecatec (South Korea)
- Dongfang Turbine Co.Ltd. (China)
- Samuel Son & Co. (US)
- Westinghouse Electric Company (US)
- Halvorsen Company (US)
- Pressure Vessels (India)
- Kelvion Holdings GmbH (Germany)
Steel alloys account for the largest share in the global pressure vessel market in 2019. The increase in the number of industrial power projects and the replacement of existing pressure vessels are the major factors driving the growth of the market.
The chemicals industry is growing globally owing to increasing consumption of goods such as fertilizers and other agrochemical products, LED lightings, coatings & adsorbents, plastics & man-made fibers, and research laboratory chemicals. The petrochemical industry is experiencing heightened demand from numerous construction projects in the Asia Pacific region.
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List Of Tables:
Table 1 Pressure Vessel Market: Players/Companies Connected
Table 2 Pressure Vessel Market Snapshot
Table 3 Cost And Thermal Efficiencies Of Power Generation Technologies
Table 4 Refineries & Petrochemical Plant Construction Projects 2018–2020
Table 5 Pressure Vessel Market Size, By Type, 2018–2025 (Usd Million)
Table 6 Pressure Vessel Market Volume, By Type, 2018–2025 (Units)
Table 7 Boiler: Pressure Vessel Market Size, By Region, 2018–2025 (Usd Million)
Table 8 Reactor: Pressure Vessel Market Size, By Region, 2018–2025 (Usd Million)
Table 9 Separator: Pressure Vessel Market Size, By Region, 2018–2025 (Usd Million)
Table 10 Other Types: Pressure Vessel Market Size, By Region, 2018–2025 (Usd Million)
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