Pressure Vessel Market Global Forecast, Organization, Industry Research and End User By 2029


Posted March 24, 2023 by maximizegn

A Pressure Vessel refers to a container specially designed to keep gases, vapors, or liquids at a certain pressure that is somewhat different from the ambient pressure.
 
Pressure Vessel Market Overview:

The primary subjects of the in-depth corporate business research of the Pressure Vessel Market are the most recent drivers, restraints, and opportunities in the Pressure Vessel Market industry. The results were then confirmed by calling well-known companies. In the secondary investigation and analysis of the same, both free and paid data sources are utilised. Information on each player's supply and consumption is gathered through reliable data sources, official government sources, and, in the case of publicly traded enterprises, financial reports of the company. Even if financial documents aren't normally accessible to the general public, the tax division of the local government may be permitted to request them from businesses.

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Pressure Vessel Market size was valued at USD 43.02 Bn. in 2021 and the total revenue is expected to grow by 4.93% from 2022 to 2029, reaching nearly 63.22 Bn.

COVID-19 Impact:

By examining the existing and potential consequences of the COVID-19 pandemic on the Pressure Vessel Market , the analysis delivers more accurate and true estimations in line with the realities of the market. Distress is being caused by the coronavirus's widespread spread. Nearly all countries have enacted strict social segregation measures, such as lockdowns. This has led to major supply disruptions. The disease's extensive effects have altered social systems everywhere. The COVID-19 has an effect on the market as a whole, and that effect will intensify in 2019 and 2020 in line with the market's rate of growth. To provide reliable information and experiences to decision-makers, the COVID-19 event has compelled businesses to manage risk and digitise operations. This is consistent with the most recent MMR analyses, studies, and recommendations regarding management issues that are crucial for businesses and organisations and have a big impact on the market.

Segmentation

The Pressure Vessel Market is divided into three product categories: Boiler, Nuclear Reactor, and Separator. In 2021, the product segment for boilers held the biggest market share at 58.9%. The higher performance of boilers in many industrial processes is credited with the segment's expansion.

The Pressure Vessel Market is divided into four categories based on end use: oil & gas, chemicals, power generation chemicals & petrochemicals, and others. In terms of market share accounting, the Chemicals section led in 2021. The chemical industry needs pressure vessels to preserve industrial liquids and other ingredients needed to make their completed products; on occasion, they are also used to hold the finished products until export.

Key players:

• Springs Fabrication(US)
• Samuel Pressure Vessel Group(US)
• Westinghouse Electric Company LLC.(US)
• CB&I(US)
• Babcock and Wilcox Enterprises,Inc.(US)
• General Electric Company(US)
• Doosan Heavy Industries & Construction(South Korea)
• Bharat Heavy Electricals Ltd(India)
• Larsen & Toubro Ltd.(India)
• Dongfang Electric Machinery Co., Ltd..(China)
• Shanghai Electric(China)
• IHI Corporation(Japan)
• Mitsubishi Heavy Industries, Ltd.(Japan)
• IHI Corporation(Japan)
• Kobelco(Japan)

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Key company and market share insights:

Here, the leading competitors are emphasised for the benefit of the audience. The report examines key strategic decisions that big businesses make to maintain their market-leading positions, such as product portfolio strengthening, M&A, alliances, cutting-edge product development, and global expansion. The report includes the company's goals as well as important financial information and unique insights. Additionally, users can get data on the companies' global sales, revenue, and profit margins from 2017 through 2022.

Regional Analysis:

North America
Europe
Asia-Pacific
South America
Middle East and Africa
Table Of Content:

1. Global Pressure Vessel Market: Research Methodology

2. Global Pressure Vessel Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Pressure Vessel Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry

3. Global Pressure Vessel Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact

4. Global Pressure Vessel Market Segmentation
4.1 Global Pressure Vessel Market, by Product (2021-2029)
• Boiler
• Nuclear Reactor
• Separator
4.2 Global Pressure Vessel Market, by Material (2021-2029)
• Steel Alloy
• Other Alloy
• Composite
4.3 Global Pressure Vessel Market, by End Use (2021-2029)
• Up to 10 kW
• 10–20 kW
• 20–30 kW
• Above 30 kW

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By geeta
Country India
Categories Business
Tags pressure vessel market
Last Updated March 24, 2023