Pressure Vessels Market Size to Hit USD 53.23 Bn by 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Pressure Vessels Market

5.1. COVID-19 Landscape: Pressure Vessels Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Pressure Vessels Market, By Product

8.1. Pressure Vessels Market, by Product

8.1.1 Nuclear Reactor

8.1.1.1. Market Revenue and Forecast

8.1.2. Boiler

8.1.2.1. Market Revenue and Forecast

8.1.3. Separator

8.1.3.1. Market Revenue and Forecast

8.1.4. Others

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Pressure Vessels Market, By Material

9.1. Pressure Vessels Market, by Material

9.1.1. Titanium

9.1.1.1. Market Revenue and Forecast

9.1.2. Hastelloy

9.1.2.1. Market Revenue and Forecast

9.1.3. Tantalum

9.1.3.1. Market Revenue and Forecast

9.1.4. Steel

9.1.4.1. Market Revenue and Forecast

9.1.5. Nickel & Nickel Alloys

9.1.5.1. Market Revenue and Forecast

9.1.6. Others

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Pressure Vessels Market, By End-Use

10.1. Pressure Vessels Market, by End-Use

10.1.1. Chemicals & Petrochemicals

10.1.1.1. Market Revenue and Forecast

10.1.2. Power Generation

10.1.2.1. Market Revenue and Forecast

10.1.3. Oil & Gas

10.1.3.1. Market Revenue and Forecast

10.1.4. Others

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Pressure Vessels Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product

11.1.2. Market Revenue and Forecast, by Material

11.1.3. Market Revenue and Forecast, by End-Use

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product

11.1.4.2. Market Revenue and Forecast, by Material

11.1.4.3. Market Revenue and Forecast, by End-Use

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product

11.1.5.2. Market Revenue and Forecast, by Material

11.1.5.3. Market Revenue and Forecast, by End-Use

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product

11.2.2. Market Revenue and Forecast, by Material

11.2.3. Market Revenue and Forecast, by End-Use

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product

11.2.4.2. Market Revenue and Forecast, by Material

11.2.4.3. Market Revenue and Forecast, by End-Use

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product

11.2.5.2. Market Revenue and Forecast, by Material

11.2.5.3. Market Revenue and Forecast, by End-Use

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product

11.2.6.2. Market Revenue and Forecast, by Material

11.2.6.3. Market Revenue and Forecast, by End-Use

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product

11.2.7.2. Market Revenue and Forecast, by Material

11.2.7.3. Market Revenue and Forecast, by End-Use

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product

11.3.2. Market Revenue and Forecast, by Material

11.3.3. Market Revenue and Forecast, by End-Use

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product

11.3.4.2. Market Revenue and Forecast, by Material

11.3.4.3. Market Revenue and Forecast, by End-Use

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product

11.3.5.2. Market Revenue and Forecast, by Material

11.3.5.3. Market Revenue and Forecast, by End-Use

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product

11.3.6.2. Market Revenue and Forecast, by Material

11.3.6.3. Market Revenue and Forecast, by End-Use

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product

11.3.7.2. Market Revenue and Forecast, by Material

11.3.7.3. Market Revenue and Forecast, by End-Use

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product

11.4.2. Market Revenue and Forecast, by Material

11.4.3. Market Revenue and Forecast, by End-Use

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product

11.4.4.2. Market Revenue and Forecast, by Material

11.4.4.3. Market Revenue and Forecast, by End-Use

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product

11.4.5.2. Market Revenue and Forecast, by Material

11.4.5.3. Market Revenue and Forecast, by End-Use

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product

11.4.6.2. Market Revenue and Forecast, by Material

11.4.6.3. Market Revenue and Forecast, by End-Use

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product

11.4.7.2. Market Revenue and Forecast, by Material

11.4.7.3. Market Revenue and Forecast, by End-Use

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product

11.5.2. Market Revenue and Forecast, by Material

11.5.3. Market Revenue and Forecast, by End-Use

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product

11.5.4.2. Market Revenue and Forecast, by Material

11.5.4.3. Market Revenue and Forecast, by End-Use

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product

11.5.5.2. Market Revenue and Forecast, by Material

11.5.5.3. Market Revenue and Forecast, by End-Use

Chapter 12. Company Profiles

12.1. Babcock & Wilcox Enterprises, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. IHI Corp.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Mitsubishi Hitachi Power Systems, Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Pressure Vessels (India)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Alloy Products Corp.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Samuel, Son & Co.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Doosan Heavy Industries & Construction.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Abbott & Co (Newark) Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Larsen & Toubro Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Bharat Heavy Electricals Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global pressure vessels market size is valued at USD 26.35 billion in 2025 and predicted to hit around USD 53.23 billion by 2034.

The global pressure vessels market is growing at a compound annual growth rate (CAGR) of 8.15% during the forecast period 2025 to 2034.

Asia Pacific region is encountered to be the leading market for pressure vessels

Some of the key players operating in the market are Babcock & Wilcox Enterprises, Inc., IHI Corp., Mitsubishi Hitachi Power Systems, Ltd., Pressure Vessels (India), Alloy Products Corp., Samuel, Son & Co., Doosan Heavy Industries & Construction., Abbott & Co (Newark) Ltd., Larsen & Toubro Ltd., Bharat Heavy Electricals Ltd., Tinita Engineering Pvt. Ltd., Mersen, Xylem Inc., and WCR Inc. among others.

Boiler product segment led the global market due to superior performance of boilers in different industrial processes.

By material, steel dominated the global market because of a preferred choice of material for the manufacturers on the basis of its attractive properties .

Chemical & petrochemical end-use segment headed the global pressure vessels market due to the increasing demand of chemicals and their products for various applications.

Increasing need for energy across the world accounts for the prime reason that drives the overall market growth for pressure vessels. Exponential growth in the population and increasing adoption of new and advanced technologies supports the significant demand of energy. Boilers that are an important type of pressure vessel are commonly used in numerous energy generation procedures that expected to sustain their demand over the forthcoming years.