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Pressure Vessel Market Expected To Exceed 8,529 million By 2023 With Top Key Players Samuel Cng Pressure Vessel Group, Doosan Heavy Industries & Construction

04-01-2019 07:08 PM CET | Industry, Real Estate & Construction

Press release from: Big Market Research

Pressure Vessel

Pressure Vessel

The Pressure Vessel Market for alternative fuels was valued at $3,038 million in 2016, and is expected to reach at $8,529 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. CNG pressure vessels are widely used for storage and transportation of liquids and gases when configured as tanks. These vessels are generally manufactured from curved sheets joined by welding, and mostly V-butt welded pressure vessels are used. The riveted joints could be used but since the plates are weakened at the joint due to the rivet holes the plate thickness should be enhanced by considering the joint efficiency.

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The pressure vessel market for alternative fuels is segmented based on construction type, application, and region. Based on construction type, it is classified into CNG type I, CNG type II, CNG type III and CNG type IV. Based on application, it is categorized into CNG vehicles, hydrogen vehicles and gas transport. CNG type I is the highest revenue generator for the pressure vessel’s alternative fuels market in 2016, because it is least expensive out of other CNG types. Also, the metalworking skills and equipment needed to produce them are widely available internationally. CNG type IV segment is forecasted to register the highest growth rate during the forecast period as it is the lightest among other CNG types. CNG type IV reduces the weight of the storage container by 30 to 40 percent.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current pressure vessel market for alternative fuels trends, future estimations, and dynamics from 2016 to 2023, which assist to identify the prevailing opportunities.

Geographically, the pressure vessel market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Extensive market analysis predicts the applications that are currently used and the variants that are expected to gain prominence in the future.

Detailed analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

Key players are profiled and their strategies are analyzed thoroughly, which portrays the competitive market outlook.

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By Construction Type : CNG Type I, CNG Type II, CNG Type III, CNG Type IV

By Application: CNG Vehicles, Hydrogen Vehicles and Gas Storage

Pressure Vessel Market Key Segments: Samuel Cng Pressure Vessel Group, Doosan Heavy Industries & Construction, Mitsubishi Heavy Industries, Ltd, Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Westinghouse Electric Company Llc, General Electric, Halvorsen, Ihi Corporation, Cng Pressure Vessels (India)

By Country: North America: U.S., Canada, Mexico, Europe: Germany, UK, France, Italy, Russia, Rest of Europe Asia-Pacific: China, Japan, India, Rest of Asia-Pacific LAMEA: Brazil, Argentina, South Africa, UAE, Rest of LAMEA

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: PRESSURE VESSEL MARKET, BY FILTER TYPE

CHAPTER 5: PRESSURE VESSEL MARKET, BY APPLICATION

CHAPTER 6: PRESSURE VESSEL MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: PRESSURE VESSEL MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

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More summary: https://www.bigmarketresearch.com/ehv-xlpe-power-cable-global-market-research-and-forecast-20152025-market/?utm_source=RR&utm_medium=SBL

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