出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
圧力容器市場 : タイプ（ボイラー、リアクター、セパレーター）、材質、熱源（燃焼圧力容器＆未燃焼圧力容器）、用途（貯蔵容器＆処理容器）、エンドユーザーの業界、地域別 – 2028年までの世界予測
Pressure Vessels Market by Type (Boilers, Reactors, Separators), Material, Heat Source (Fired Pressure Vessel and Unfired Pressure Vessel), Application (Storage Vessels and Processing Vessels), End-User Industry and Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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The global pressure vessels market is estimated to grow from USD 50.3 Billion in 2023 to USD 62.7 Billion by 2028; it is expected to record a CAGR of 4.5% during the forecast period. The rise in the chemical production world wide is driving the growth for the market.
“Storage Vessels: The second largest segment of the pressure vessels market, by application“
Based on application, the pressure vessels market has been split into two types: processing vessels, and storage vessels. There is a high demand for storage vessels across various industries as there is a need for storing liquids and gases at the required temperature. Infrastructure projects, such as oil and gas pipelines, refineries, chemical plants, and power plants, often require storage vessels for various purposes. The growth of such infrastructure projects, particularly in emerging economies, can lead to an increased need for storage vessels.
“Others segment is expected to emerge as the fastest segment based on type”
By type, the pressure vessels market has been segmented into boilers, seperators, reactors, and others. Others include flash drums and heat exchangers. The demand for flash drums and heat exchangers is closely tied to the overall demand for processes involving separation, heat transfer, and phase change. Industries that require efficient separation of liquid and vapor phases or efficient heat exchange, such as in distillation, fractionation, or vaporization processes, drive the demand for flash drums and heat exchangers. This segment is expected to showcase moderate growth during the forecast period due to the high demand for heat exchangers from the chemical industry. These vessels are used for a wide range of applications across different industries.
North America is expected to be the second fastest-growing region in the pressure vessels market
Middle East and Africa is expected to be the second fastest pressure vessels market during the forecast period. The increase in horizontal drilling, especially for unconventional reserves such as tight oil and shale gas, is primarily driving the demand for pressure vessels in North America. Furthermore, the large-scale developments of brownfields in the region are contributing to the growth of the regional pressure vessel market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The pressure vessels market is dominated by a few major players that have a wide regional presence. The leading players in the pressure vessels market are Bharat Heavy Electricals Limited (India), Mitsubishi Hitachi Power Systems (Japan), IHI Coproration (Japan), Babcock & Wilcox (US), LARSEN & TOURBO LIMITED (India).
Research Coverage:
The report defines, describes, and forecasts the global pressure vessels market, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the pressure vessels market.
Key Benefits of Buying the Report
• Growing chemical production world-wide and expanding transmission and Expanding Oil & Gas Industryare some of the main factors driving the pressure vessels market. Factors such as High manufacturing and maintenance costs still restrain the market. Increase in the nuclear power generation worldwide and Evolving technologies such as hydrogen storage systems provide opportunities for the pressure vessels market to grow. Stringent standards in manufacturing of pressure vessels are major challenges faced by countries under pressure vessels development.
• Product Development/ Innovation: New technologies are emerging in various applications related to pressure vessels. These advancements are revolutionizing the design, construction, and utilization of pressure vessels, offering numerous benefits, and expanding their range of applications. Storage vessels for hydrogen storage systems play a crucial role in enabling the safe and efficient storage of hydrogen. These vessels are specifically designed to store hydrogen gas under high pressure or in a cryogenic liquid form. They are designed to withstand high pressures and temperature variations, and they incorporate safety features such as pressure relief devices and leak detection systems.
• Market Development: Chemical production has been experiencing significant growth worldwide. This expansion is driven by various factors such as industrialization, population growth, urbanization, and increasing consumer demand for chemical-based products. Pressure vessels play a vital role in the chemical industry, serving various purposes in the storage and processing of chemicals. The Asia Pacific region is anticipated to witness rapid growth in the pressure vessels market due to increasing industrialization and upcoming power plant construction projects. The region’s demand for pressure vessels is further expected to be boosted by the construction of chemical and petrochemical refineries
• Market Diversification: LARSEN & TOUBRO LIMITED announced the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Bharat Heavy Electricals Limited (India), Mitsubishi Hitachi Power Systems (Japan), IHI Coproration (Japan), Babcock & Wilcox (US), LARSEN & TOURBO LIMITED (India) among others in the pressure vessels market
目次
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 28
1.3.1 PRESSURE VESSELS MARKET, BY TYPE 28
1.3.2 PRESSURE VESSELS MARKET, BY HEAT SOURCE 28
1.3.3 PRESSURE VESSELS MARKET, BY APPLICATION 28
1.3.4 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY 29
1.4 MARKET SCOPE 29
1.4.1 MARKETS COVERED 29
1.4.2 REGIONAL SCOPE 30
1.4.3 YEARS CONSIDERED 30
1.5 CURRENCY CONSIDERED 31
1.6 LIMITATIONS 31
1.7 STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 PRESSURE VESSELS MARKET: RESEARCH DESIGN 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 2 DATA TRIANGULATION METHODOLOGY 34
2.2.1 SECONDARY DATA 35
2.2.1.1 Key data from secondary sources 35
2.2.2 PRIMARY DATA 35
2.2.2.1 Key data from primary sources 36
2.2.2.2 Breakdown of primaries 36
2.3 STUDY SCOPE 37
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS PRESSURE
VESSEL DEMAND 38
2.4 MARKET SIZE ESTIMATION 39
2.4.1 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.4.2 TOP-DOWN APPROACH 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.4.3 DEMAND-SIDE ANALYSIS 41
2.4.3.1 Regional analysis 41
2.4.3.2 Country-level analysis 42
2.4.3.3 Assumptions for demand-side analysis 42
2.4.3.4 Calculations for demand-side analysis 42
2.4.3.5 Supply-side analysis 43
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS PRESSURE VESSEL SUPPLY 43
FIGURE 7 PRESSURE VESSELS MARKET: SUPPLY-SIDE ANALYSIS 44
2.4.3.6 Calculations for supply-side analysis 45
2.4.3.7 Assumptions for supply-side analysis 45
FIGURE 8 COMPANY MARKET SHARE ANALYSIS, 2022 45
2.4.4 MARKET SIZE FORECAST 45
2.5 RISK ASSESSMENT 46
2.6 RECESSION IMPACT 46
3 EXECUTIVE SUMMARY 47
TABLE 1 SNAPSHOT OF PRESSURE VESSELS MARKET, 2023 VS. 2028 47
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF PRESSURE VESSELS MARKET IN 2022 48
FIGURE 10 BOILERS TO HOLD LARGEST SHARE OF PRESSURE VESSELS MARKET,
BY TYPE, THROUGHOUT FORECAST PERIOD 49
FIGURE 11 PROCESSING VESSELS TO LEAD PRESSURE VESSELS MARKET, BY APPLICATION, DURING FORECAST PERIOD 49
FIGURE 12 FIRED PRESSURE VESSELS TO CAPTURE LARGER SHARE OF PRESSURE VESSELS MARKET, BY HEAT SOURCE, THROUGHOUT FORECAST PERIOD 50
FIGURE 13 POWER INDUSTRY TO HOLD LARGEST SHARE OF PRESSURE VESSELS MARKET DURING FORECAST PERIOD 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PRESSURE VESSELS MARKET 51
FIGURE 14 GROWING CHEMICAL PRODUCTION AND TECHNOLOGICAL ADVANCEMENTS AND MATERIAL INNOVATIONS WORLDWIDE TO ACCELERATE MARKET GROWTH 51
4.2 ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY AND COUNTRY 52
FIGURE 15 POWER INDUSTRY AND CHINA HELD LARGEST SHARES OF PRESSURE VESSELS MARKET IN ASIA PACIFIC IN 2022 52
4.3 PRESSURE VESSELS MARKET, BY TYPE 52
FIGURE 16 BOILERS TO DOMINATE PRESSURE VESSELS MARKET IN 2028 52
4.4 PRESSURE VESSELS MARKET, BY APPLICATION 53
FIGURE 17 PROCESSING VESSELS TO LEAD PRESSURE VESSELS MARKET IN 2028 53
4.5 PRESSURE VESSELS MARKET, BY HEAT SOURCE 53
FIGURE 18 FIRED PRESSURE VESSELS TO COMMAND MARKET IN 2028 53
4.6 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY 54
FIGURE 19 POWER INDUSTRY TO BE LARGEST STAKEHOLDER OF PRESSURE VESSELS MARKET IN 2028 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 20 PRESSURE VESSELS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 56
5.2.1.1 Growing chemical production industry 56
FIGURE 21 GLOBAL CHEMICAL PRODUCTION SALES, 2015 TO 2021 56
5.2.1.2 Thriving oil & gas industry 57
FIGURE 22 OIL DEMAND TREND, BY REGION, 2019 TO 2026 57
5.2.2 RESTRAINTS 58
5.2.2.1 High manufacturing and maintenance costs 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Increasing focus on nuclear power generation 58
TABLE 2 NEW REACTORS UNDER CONSTRUCTION (AS OF DECEMBER 31, 2021) 59
5.2.3.2 Evolving technologies such as hydrogen storage systems 59
5.2.4 CHALLENGES 59
5.2.4.1 Stringent manufacturing standards and quality guidelines to be followed by pressure vessel manufacturers 59
5.2.4.2 Volatile prices of raw materials 60
FIGURE 23 GLOBAL NOMINAL PRICES FOR ALUMINUM AND COPPER, 2019–2022 (USD/MT) 61
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PRESSURE VESSEL MANUFACTURERS 61
FIGURE 24 REVENUE SHIFTS FOR PRESSURE VESSEL MANUFACTURERS 61
5.4 MARKET MAPPING 62
TABLE 3 PRESSURE VESSELS MARKET: ECOSYSTEM ANALYSIS 62
FIGURE 25 MARKET MAP/ECOSYSTEM ANALYSIS 63
5.5 VALUE CHAIN ANALYSIS 63
FIGURE 26 PRESSURE VESSELS MARKET: VALUE CHAIN ANALYSIS 63
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 64
5.5.2 COMPONENT MANUFACTURERS 64
5.5.3 PRESSURE VESSEL MANUFACTURERS/ASSEMBLERS 64
5.5.4 DISTRIBUTORS/END USERS 64
5.5.5 POST-SALES SERVICE PROVIDERS 64
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS 65
FIGURE 27 AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY TYPE 65
TABLE 4 AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY TYPE, 2021 VS. 2028 (USD) 65
TABLE 5 AVERAGE SELLING PRICE OF PRESSURE VESSELS, BY REGION, 2021 VS. 2028 (USD) 65
FIGURE 28 PRICING ANALYSIS, BY REGION, 2021 VS. 2028 (USD) 66
5.7 TECHNOLOGY ANALYSIS 66
5.7.1 HYDROGEN STORAGE SYSTEMS 66
5.8 TARIFF AND REGULATORY LANDSCAPE 67
5.8.1 TARIFF FOR PRESSURE VESSEL COMPONENTS CLASSIFIED UNDER HS CODE 8402 67
5.8.2 TARIFF FOR PRESSURE VESSEL COMPONENTS CLASSIFIED UNDER HS CODE 8401 68
5.8.3 TARIFF FOR PRESSURE VESSEL COMPONENTS CLASSIFIED UNDER HS CODE 8507 69
5.8.4 TARIFF FOR PRESSURE VESSEL COMPONENTS CLASSIFIED UNDER HS CODE 841950 70
5.8.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 9 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
5.8.6 CODES AND REGULATIONS RELATED TO PRESSURE VESSELS 72
TABLE 10 PRESSURE VESSELS MARKET: CODES AND REGULATIONS 72
5.9 PATENT ANALYSIS 73
TABLE 11 PRESSURE VESSELS MARKET: INNOVATION AND PATENT REGISTRATION 73
5.10 TRADE ANALYSIS 75
5.10.1 EXPORT SCENARIO 75
TABLE 12 EXPORT SCENARIO FOR HS CODE 8401, BY COUNTRY, 2020–2022 (USD THOUSAND) 75
5.10.2 IMPORT SCENARIO 76
TABLE 13 IMPORT SCENARIO FOR HS CODE 8401, BY COUNTRY, 2020–2022 (USD THOUSAND) 76
5.11 CASE STUDY ANALYSIS 77
5.11.1 SCIENTISTS FROM IMPERIAL COLLEGE USED NUCLEAR FUEL CLADDING TECHNIQUE TO ENHANCE FUEL EFFICIENCY AND IMPROVE REACTOR SAFETY STANDARDS 77
5.11.2 BABCOCK WANSON DEPLOYED BOILERS AT BEDFORD HOSPITAL FOR PRECISE CONTROL OVER STEAM OUTPUT AND QUALITY 77
5.12 KEY CONFERENCES AND EVENTS, 2023–2024 78
TABLE 14 PRESSURE VESSELS MARKET: LIST OF CONFERENCES AND EVENTS 78
5.13 PORTER’S FIVE FORCES ANALYSIS 79
FIGURE 29 PRESSURE VESSELS MARKET: PORTER’S FIVE FORCES ANALYSIS 79
TABLE 15 PRESSURE VESSELS MARKET: PORTER’S FIVE FORCES ANALYSIS 79
5.13.1 THREAT OF NEW ENTRANTS 80
5.13.2 BARGAINING POWER OF SUPPLIERS 80
5.13.3 BARGAINING POWER OF BUYERS 80
5.13.4 THREAT OF SUBSTITUTES 81
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 81
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USER INDUSTRY 81
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USER INDUSTRY (%) 82
5.14.2 MAJOR BUYING CRITERIA 82
FIGURE 31 KEY BUYING CRITERIA FOR END-USER INDUSTRIES 82
TABLE 17 KEY BUYING CRITERIA, BY END-USER INDUSTRY 82
6 MATERIALS USED IN CONSTRUCTION OF PRESSURE VESSELS 83
6.1 INTRODUCTION 83
6.2 PRESSURE VESSEL MATERIALS 83
6.2.1 TITANIUM 83
6.2.2 NICKEL ALLOYS 83
6.2.3 ALUMINUM 84
6.2.4 OTHER PRESSURE VESSEL MATERIALS 84
6.3 CLADDING MATERIALS 84
6.3.1 TITANIUM 84
6.3.2 STAINLESS STEEL 84
6.3.3 TANTALUM 85
6.3.4 NICKEL ALLOYS 85
6.3.5 ZIRCONIUM 85
7 PRESSURE VESSELS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
FIGURE 32 PRESSURE VESSELS MARKET, BY APPLICATION, 2022 87
TABLE 18 PRESSURE VESSELS MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 87
7.2 STORAGE VESSELS 87
7.2.1 HIGH STORAGE CAPACITY AND FLEXIBILITY IN TRANSPORTATION TO STIMULATE DEMAND FOR STORAGE VESSELS 87
TABLE 19 STORAGE VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 88
7.3 PROCESSING VESSELS 88
7.3.1 ADVANCEMENTS IN DESIGNING AND MANUFACTURING PROCESSES TO ACCELERATE DEMAND FOR PROCESS VESSELS 88
TABLE 20 PROCESSING VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 88
8 PRESSURE VESSELS MARKET, BY HEAT SOURCE 89
8.1 INTRODUCTION 90
FIGURE 33 PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2022 90
TABLE 21 PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 90
8.2 FIRED PRESSURE VESSELS 90
8.2.1 INCREASING REQUIREMENT FOR FIRED PRESSURE VESSELS IN POWER PLANTS TO CONTRIBUTE TO MARKET GROWTH 90
TABLE 22 FIRED PRESSURE VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 91
8.3 UNFIRED PRESSURE VESSELS 91
8.3.1 LOWER INITIAL INVESTMENTS AND REDUCED OPERATIONAL EXPENSES TO BOOST SEGMENTAL GROWTH 91
TABLE 23 UNFIRED PRESSURE VESSELS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 92
9 PRESSURE VESSELS MARKET, BY TYPE 93
9.1 INTRODUCTION 94
FIGURE 34 PRESSURE VESSELS MARKET, BY TYPE, 2022 94
TABLE 24 PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 94
9.2 BOILERS 95
9.2.1 DEPENDENCE OF DEVELOPING COUNTRIES ON THERMAL POWER PLANTS TO PRODUCE ELECTRICITY TO STIMULATE SEGMENTAL GROWTH 95
TABLE 25 BOILERS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 95
9.3 REACTORS 96
9.3.1 INVESTMENTS IN NUCLEAR POWER GENERATION TO DRIVE MARKET 96
TABLE 26 REACTORS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 96
9.4 SEPARATORS 96
9.4.1 GROWING OIL & GAS OPERATIONS IN MIDDLE EAST AND ASIA PACIFIC TO BOOST SEGMENTAL GROWTH 96
TABLE 27 SEPARATORS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 97
9.5 OTHER TYPES 97
TABLE 28 OTHER TYPES: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 97
10 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY 98
10.1 INTRODUCTION 99
FIGURE 35 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2022 99
TABLE 29 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 99
10.2 POWER 100
10.2.1 TECHNOLOGICAL ADVANCEMENTS IN POWER INDUSTRY TO DRIVE MARKET 100
TABLE 30 POWER: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 100
10.3 OIL & GAS 100
10.3.1 DEVELOPMENT OF UNCONVENTIONAL RESOURCES TO CREATE OPPORTUNITIES FOR PRESSURE VESSEL PROVIDERS 100
TABLE 31 OIL & GAS: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 101
10.4 FOOD & BEVERAGE 101
10.4.1 FOCUS ON DOWNTIME REDUCTION AND PRODUCTION OPTIMIZATION TO INCREASE DEMAND FOR PRESSURE VESSELS 101
TABLE 32 FOOD & BEVERAGE: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 101
10.5 PHARMACEUTICAL 102
10.5.1 THRIVING PHRMA INDUSTRY IN ASIA PACIFIC, LATIN AMERICA, AND AFRICA TO BOOST DEMAND FOR PRESSURE VESSELS 102
TABLE 33 PHARMACEUTICAL: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 102
10.6 CHEMICAL 102
10.6.1 LARGE-SCALE CONSTRUCTION OF CHEMICAL REFINERIES IN ASIA PACIFIC TO PROPEL MARKET 102
TABLE 34 CHEMICAL: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 103
10.7 OTHER END-USER INDUSTRIES 103
TABLE 35 OTHER END-USER INDUSTRIES: PRESSURE VESSELS MARKET, BY REGION, 2021–2028 (USD MILLION) 103
11 PRESSURE VESSELS MARKET, BY REGION 104
11.1 INTRODUCTION 105
FIGURE 36 PRESSURE VESSELS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 36 PRESSURE VESSELS MARKET, IN TERMS OF VOLUME, 2021–2028 (MILLION UNITS) 106
TABLE 37 PRESSURE VESSELS MARKET, IN TERMS OF VALUE, 2021–2028 (USD MILLION) 106
11.2 ASIA PACIFIC 106
FIGURE 37 ASIA PACIFIC: PRESSURE VESSELS MARKET OVERVIEW 107
11.2.1 RECESSION IMPACT: ASIA PACIFIC 108
11.2.2 BY TYPE 108
TABLE 38 ASIA PACIFIC: PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 108
11.2.3 BY HEAT SOURCE 108
TABLE 39 ASIA PACIFIC: PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 108
11.2.4 BY END-USER INDUSTRY 109
TABLE 40 ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 109
11.2.5 BY COUNTRY 109
TABLE 41 ASIA PACIFIC: PRESSURE VESSELS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 109
11.2.5.1 China 110
11.2.5.1.1 Rapid industrialization and rising demand for electricity to accelerate demand for pressure vessels 110
TABLE 42 CHINA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 110
11.2.5.2 India 110
11.2.5.2.1 Rising demand for power to propel market 110
TABLE 43 INDIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 111
11.2.5.3 Japan 111
11.2.5.3.1 Growing chemical industry and changing trends in power generation to drive market 111
TABLE 44 JAPAN: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 112
11.2.5.4 Australia 112
11.2.5.4.1 Focus on increasing oil and gas exports to boost demand for pressure vessels 112
TABLE 45 AUSTRALIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 112
11.2.5.5 South Korea 113
11.2.5.5.1 Growing chemical and power sectors to accelerate demand for pressure vessels 113
TABLE 46 SOUTH KOREA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 113
11.2.5.6 Malaysia 113
11.2.5.6.1 Growing investments in clean energy technologies to drive market 113
TABLE 47 MALAYSIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 114
11.2.5.7 Indonesia 114
11.2.5.7.1 Modification of oil refineries to increase requirement for pressure vessels 114
TABLE 48 INDONESIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 114
11.2.5.8 Rest of Asia Pacific 115
TABLE 49 REST OF ASIA PACIFIC: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 115
11.3 NORTH AMERICA 115
FIGURE 38 NORTH AMERICA: PRESSURE VESSELS MARKET SNAPSHOT 116
11.3.1 RECESSION IMPACT: NORTH AMERICA 116
11.3.2 BY TYPE 117
TABLE 50 NORTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 117
11.3.3 BY APPLICATION 117
TABLE 51 NORTH AMERICA: PRESSURE VESSELS MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 117
11.3.4 BY HEAT SOURCE 117
TABLE 52 NORTH AMERICA: PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 117
11.3.5 BY END-USER INDUSTRY 118
TABLE 53 NORTH AMERICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 118
11.3.6 BY COUNTRY 118
TABLE 54 NORTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 118
11.3.6.1 US 118
11.3.6.1.1 Shale gas exploration and production activities to accelerate demand 118
TABLE 55 US: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 119
11.3.6.2 Canada 119
11.3.6.2.1 Thriving oil & gas sector to create lucrative opportunities for players in pressure vessels market 119
TABLE 56 CANADA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 120
11.3.6.3 Mexico 120
11.3.6.3.1 Increasing steel production to fuel demand for pressure vessels 120
TABLE 57 MEXICO: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 120
11.4 EUROPE 121
11.4.1 RECESSION IMPACT: EUROPE 121
11.4.2 BY TYPE 121
TABLE 58 EUROPE: PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 121
11.4.3 BY APPLICATION 121
TABLE 59 EUROPE: PRESSURE VESSELS MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 121
11.4.4 BY HEAT SOURCE 122
TABLE 60 EUROPE: PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 122
11.4.5 BY END-USER INDUSTRY 122
TABLE 61 EUROPE: PRESSURE VESSELS MARKET SIZE, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 122
11.4.6 BY COUNTRY 122
TABLE 62 EUROPE: PRESSURE VESSELS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 122
11.4.6.1 Germany 123
11.4.6.1.1 Shifting focus toward renewable sources to generate electricity to boost demand for pressure vessels 123
TABLE 63 GERMANY: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 123
11.4.6.2 UK 123
11.4.6.2.1 Rising focus on increasing production from mature oil and gas fields to fuel market 123
TABLE 64 UK: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 124
11.4.6.3 France 124
11.4.6.3.1 Growing focus on power generation and chemical processing activities to support market growth 124
TABLE 65 FRANCE: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 124
11.4.6.4 Russia 125
11.4.6.4.1 Increasing oil exploration and production activities in Far East to drive market 125
TABLE 66 RUSSIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 125
11.4.6.5 Rest of Europe 125
TABLE 67 REST OF EUROPE: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 126
11.5 MIDDLE EAST & AFRICA 126
11.5.1 RECESSION IMPACT: MIDDLE EAST & AFRICA 126
11.5.2 BY TYPE 127
TABLE 68 MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 127
11.5.3 BY APPLICATION 127
TABLE 69 MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 127
11.5.4 BY HEAT SOURCE 127
TABLE 70 MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 127
11.5.5 BY END-USER INDUSTRY 128
TABLE 71 MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 128
TABLE 72 MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 128
11.5.5.1 Saudi Arabia 128
11.5.5.1.1 Increase in crude oil production and surge in offshore exploration activities to drive market 128
TABLE 73 SAUDI ARABIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 129
11.5.5.2 UAE 129
11.5.5.2.1 Surging demand for pressure vessels from oil & gas and power sectors to boost market 129
TABLE 74 UAE: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 130
11.5.5.3 South Africa 130
11.5.5.3.1 Presence of large shale gas reserves in Karoo Basin to contribute to market growth 130
TABLE 75 SOUTH AFRICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 130
11.5.5.4 Algeria 131
11.5.5.4.1 Growing power sector to boost demand for pressure vessels 131
TABLE 76 ALGERIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 131
11.5.5.5 Nigeria 131
11.5.5.5.1 Constant developments in oil and gas fields to support market growth 131
TABLE 77 NIGERIA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 132
11.5.5.6 Rest of Middle East & Africa 132
TABLE 78 REST OF MIDDLE EAST & AFRICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 132
11.6 SOUTH AMERICA 133
11.6.1 RECESSION IMPACT: SOUTH AMERICA 133
11.6.2 BY TYPE 133
TABLE 79 SOUTH AMERICA: PRESSURE VESSELS MARKET, BY TYPE, 2021–2028 (USD MILLION) 133
11.6.3 BY APPLICATION 134
TABLE 80 SOUTH AMERICA: PRESSURE VESSELS MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 134
11.6.4 BY HEAT SOURCE 134
TABLE 81 SOUTH AMERICA: PRESSURE VESSELS MARKET, BY HEAT SOURCE, 2021–2028 (USD MILLION) 134
11.6.5 BY END-USER INDUSTRY 134
TABLE 82 SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 134
11.6.6 BY COUNTRY 135
TABLE 83 SOUTH AMERICA: PRESSURE VESSELS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 135
11.6.6.1 Brazil 135
11.6.6.1.1 Increasing offshore exploration and production activities to boost market 135
TABLE 84 BRAZIL: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 135
11.6.6.2 Argentina 136
11.6.6.2.1 Shale development projects to increase demand for pressure vessels 136
TABLE 85 ARGENTINA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 136
11.6.6.3 Rest of South America 136
TABLE 86 REST OF SOUTH AMERICA: PRESSURE VESSELS MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION) 137
12 COMPETITIVE LANDSCAPE 138
12.1 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS 138
TABLE 87 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2019–2023 138
12.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2021 140
FIGURE 39 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS OFFERING PRESSURE VESSELS 140
TABLE 88 PRESSURE VESSELS MARKET: DEGREE OF COMPETITION 141
12.3 PRESSURE VESSELS MARKET SHARE ANALYSIS, 2021 141
12.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 142
FIGURE 40 TOP PLAYERS IN PRESSURE VESSELS MARKET FROM 2018 TO 2022 142
12.5 COMPANY EVALUATION QUADRANT 143
12.5.1 STARS 143
12.5.2 PERVASIVE PLAYERS 143
12.5.3 EMERGING LEADERS 143
12.5.4 PARTICIPANTS 143
FIGURE 41 PRESSURE VESSELS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2022 144
12.6 START-UPS/SMES EVALUATION QUADRANT 145
12.6.1 PROGRESSIVE COMPANIES 145
12.6.2 RESPONSIVE COMPANIES 145
12.6.3 DYNAMIC COMPANIES 145
12.6.4 STARTING BLOCKS 145
FIGURE 42 PRESSURE VESSELS MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021 146
12.7 COMPETITIVE BENCHMARKING 147
TABLE 89 PRESSURE VESSELS MARKET: DETAILED LIST OF KEY START-UPS/SMES 147
TABLE 90 PRESSURE VESSELS MARKET, BY TYPE: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 147
TABLE 91 PRESSURE VESSELS MARKET, BY APPLICATION: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 148
TABLE 92 PRESSURE VESSELS MARKET, BY END-USER INDUSTRY: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 148
TABLE 93 PRESSURE VESSELS MARKET, BY REGION: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 148
12.8 PRESSURE VESSELS MARKET: COMPANY FOOTPRINT 149
TABLE 94 TYPE: COMPANY FOOTPRINT 149
TABLE 95 END-USER INDUSTRY: COMPANY FOOTPRINT 150
TABLE 96 APPLICATION: COMPANY FOOTPRINT 151
TABLE 97 REGION: COMPANY FOOTPRINT 152
TABLE 98 COMPANY FOOTPRINT 153
12.9 COMPETITIVE SCENARIO 154
TABLE 99 PRESSURE VESSELS MARKET: DEALS, JANUARY 2019–APRIL 2023 154
TABLE 100 PRESSURE VESSELS MARKET: OTHERS, JANUARY 2019–APRIL 2023 155
13 COMPANY PROFILES 156
(Business overview, Products/Services offered, Recent Developments, MNM view)*
13.1 KEY PLAYERS 156
13.1.1 BHARAT HEAVY ELECTRICALS LIMITED 156
TABLE 101 BHARAT HEAVY ELECTRICALS LIMITED: BUSINESS OVERVIEW 156
FIGURE 43 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT 157
TABLE 102 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS/SERVICES OFFERED 157
TABLE 103 BHARAT HEAVY ELECTRICALS LIMITED: DEALS 158
TABLE 104 BHARAT HEAVY ELECTRICALS LIMITED: OTHERS 158
13.1.2 MITSUBISHI HITACHI POWER SYSTEMS 160
TABLE 105 MITSUBISHI HITACHI POWER SYSTEMS: BUSINESS OVERVIEW 160
FIGURE 44 MITSUBISHI HITACHI POWER SYSTEMS: COMPANY SNAPSHOT 161
TABLE 106 MITSUBISHI HITACHI POWER SYSTEMS: PRODUCTS/SERVICES OFFERED 161
TABLE 107 MITSUBISHI HITACHI POWER SYSTEMS: OTHERS 162
13.1.3 IHI CORPORATION 164
TABLE 108 IHI CORPORATION: BUSINESS OVERVIEW 164
FIGURE 45 IHI CORPORATION: COMPANY SNAPSHOT 164
TABLE 109 IHI CORPORATION: PRODUCTS/SERVICES OFFERED 165
TABLE 110 IHI CORPORATION: DEALS 165
13.1.4 LARSEN & TOUBRO LIMITED 167
TABLE 111 LARSEN & TOUBRO LIMITED: BUSINESS OVERVIEW 167
FIGURE 46 LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT 168
TABLE 112 LARSEN & TOUBRO LIMITED: PRODUCTS/SERVICES OFFERED 168
TABLE 113 LARSEN & TOUBRO LIMITED: DEALS 170
TABLE 114 LARSEN & TOUBRO LIMITED: OTHERS 170
13.1.5 BUMHAN MECATEC 172
TABLE 115 BUMHAN MECATEC: COMPANY OVERVIEW 172
TABLE 116 BUMHAN MECATEC: PRODUCTS/SERVICES OFFERED 172
TABLE 117 BUMHAN MECATEC: DEALS 173
13.1.6 GENERAL ELECTRIC 174
TABLE 118 GENERAL ELECTRIC: COMPANY OVERVIEW 174
FIGURE 47 GENERAL ELECTRIC: COMPANY SNAPSHOT 175
TABLE 119 GENERAL ELECTRIC: PRODUCTS/SERVICES OFFERED 175
TABLE 120 GENERAL ELECTRIC: DEALS 176
TABLE 121 GENERAL ELECTRIC: OTHERS 176
13.1.7 BABCOCK & WILCOX ENTERPRISES 177
TABLE 122 BABCOCK & WILCOX ENTERPRISES: BUSINESS OVERVIEW 177
FIGURE 48 BABCOCK & WILCOX ENTERPRISES: COMPANY SNAPSHOT 178
TABLE 123 BABCOCK & WILCOX ENTERPRISES: PRODUCTS/SERVICES OFFERED 179
TABLE 124 BABCOCK & WILCOX ENTERPRISES: DEALS 180
TABLE 125 BABCOCK & WILCOX ENTERPRISES: OTHERS 180
13.1.8 HITACHI ZOSEN CORPORATION 183
TABLE 126 HITACHI ZOSEN CORPORATION: COMPANY OVERVIEW 183
FIGURE 49 HITACHI ZOSEN CORPORATION: COMPANY SNAPSHOT 184
TABLE 127 HITACHI ZOSEN CORPORATION: PRODUCTS/SERVICES OFFERED 184
TABLE 128 HITACHI ZOSEN CORPORATION: OTHERS 184
13.1.9 DONGFANG TURBINE CO., LTD. 186
TABLE 129 DONGFANG TURBINE CO., LTD.: COMPANY OVERVIEW 186
TABLE 130 DONGFANG TURBINE CO., LTD.: PRODUCTS/SERVICES OFFERED 186
13.1.10 SAMUEL, SON & CO. 187
TABLE 131 SAMUEL, SON & CO.: COMPANY OVERVIEW 187
TABLE 132 SAMUEL, SON & CO.: PRODUCTS/SERVICES OFFERED 187
TABLE 133 SAMUEL, SON & CO.: DEALS 187
13.1.11 WESTINGHOUSE ELECTRIC COMPANY 188
TABLE 134 WESTINGHOUSE ELECTRIC COMPANY: COMPANY OVERVIEW 188
TABLE 135 WESTINGHOUSE ELECTRIC COMPANY: PRODUCTS/SERVICES OFFERED 188
TABLE 136 WESTINGHOUSE ELECTRIC COMPANY: DEALS 189
13.1.12 HALVORSEN COMPANY 190
TABLE 137 HALVORSEN COMPANY: COMPANY OVERVIEW 190
TABLE 138 HALVORSEN COMPANY: PRODUCTS/SERVICES OFFERED 190
13.1.13 PRESSURE VESSELS (INDIA) 191
TABLE 139 PRESSURE VESSELS (INDIA): COMPANY OVERVIEW 191
TABLE 140 PRESSURE VESSELS (INDIA): PRODUCTS/SERVICES OFFERED 191
13.1.14 KELVION HOLDING GMBH 192
TABLE 141 KELVION HOLDING GMBH: COMPANY OVERVIEW 192
TABLE 142 KELVION HOLDING GMBH: PRODUCTS/SERVICES OFFERED 192
TABLE 143 KELVION HOLDING GMBH: DEALS 193
TABLE 144 KELVION HOLDING GMBH: OTHERS 193
13.1.15 VIFLOW 194
TABLE 145 VIFLOW: BUSINESS OVERVIEW 194
TABLE 146 VIFLOW: PRODUCTS/SERVICES OFFERED 194
13.2 OTHER PLAYERS 195
13.2.1 ERGIL 195
13.2.2 GLADWIN TANK 195
13.2.3 ROBINSON PIPE & VESSEL 196
13.2.4 HALLIBURTON 196
13.2.5 ALFA LAVAL 197
*Details on Business overview, Products/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX 198
14.1 INSIGHTS FROM INDUSTRY EXPERTS 198
14.2 DISCUSSION GUIDE 198
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 201
14.4 CUSTOMIZATION OPTIONS 203
14.5 RELATED REPORTS 203
14.6 AUTHOR DETAILS 204