The global pressure vessel market is expected to reach USD 56.87 Billion by 2027, according to a new report by Reports and Data. Pressure vessels are close containers that are designed for the purpose of holding volatile liquids, semi-solids, and volatile liquids at different pressures, and these are an indispensable part of in the processing and manufacturing stages of various end-user industries. The chemical firms, including petrochemicals, fertilizers, and organic chemicals, require pressure vessels such as boilers to provide heat and pressure. Steam generated by boiler finds usage in the processes of a chemical production plant and has several uses, including its use in various chemical reactions where steam is used as feed. Circulating fluidized bed (CFB) boilers are the most commonly used boiler, occupying over 35.0% of the boiler market in the chemical industry. The major benefit of the CFB is the offering of ease of firing an extensive range of coal from 9500 to 25000 kJ per Kg.
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The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.
Key companies operating in the market include: Key participants include General Electric, Hitachi Zosen, Larsen & Toubro, Mitsubishi Hitachi Power Systems, Doosan Mecatec, Samuel Son & Co., IHI Corporation, Babcock & Wilcox Enterprises, Bharat Heavy Electrical Limited, and Halvorsen Company, among others.
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The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Pressure Vessel market.
Reports and Data have segmented the global pressure vessel market on the basis of material, product, heat source, industry vertical, and region:
Material Outlook (Revenue, USD Million; 2017-2027)
- Steel Alloys
- Composites
- Others
Product Outlook (Revenue, USD Million; 2017-2027)
- Boilers
- Reactors
- Separators
- Others
Heat Source Outlook (Revenue, USD Million; 2017-2027)
- Unfired
- Fired
Table Of Content-
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Pressure Vessel Segmentation & Impact Analysis
4.1. Pressure Vessel Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Surging demand for energy across the globe
4.2.2.2. Emphasis by governments across the globe for renewable energy
4.2.2.3. Growth of the Oil & Gas industry in developing countries
4.2.2.4. Growing demand for fertilizers
4.2.2.5. Technological advancement
4.2.3. Market restraints analysis
4.2.3.1. High cost associated with pressure vessels
4.2.3.2. Stringent Government regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Key Points Addressed in the Report:
- Market revenue shares by major business players, by type, by application, and market scope of global Pressure Vessel market
- Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
- Strategic recommendation to key players and new entrants to overcome barriers in the global market
- 8-year forecast of Pressure Vessel market along with analysis of global trends, economic scenario, and key opportunities
- In-depth analysis of major challenges, restraints, limitations, along with drivers, growth prospects, and opportunities
- Regional analysis and country-wise analysis to provide better understanding of the global market
- Extensive study of key product types and applications offered by the industry
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