Pressure Vessel Market 2020-2025: Babcock & Wilcox Enterprises, General Electric, Larsen & Toubro, IHI Corporation, Mitsubishi Hitachi Power Systems, Hitachi Zosen, Bharat Heavy Electricals Limited, Doosan Mecatec and Others.

According to Market Study Report, Pressure Vessel Market provides a comprehensive analysis of the Pressure Vessel Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Pressure Vessel Market.

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The Global Pressure Vessel Market size is projected to reach USD 53.3 Billion by 2025 from an estimated USD 42.7 Billion in 2020, at a CAGR of 4.5% during the forecast period. This report spread across 173 pages, profiling 20 companies and supported with 110 tables and 44 figures are now available in this research.

Top Key Players Profiled in the Pressure Vessel Market:
o Babcock & Wilcox Enterprises (US)
o General Electric(US)
o Larsen & Toubro (India)
o IHI Corporation (Japan)
o Mitsubishi Hitachi Power Systems (Japan)
o Hitachi Zosen (Japan)
o Bharat Heavy Electricals Limited (India)
o Doosan Mecatec (South Korea)
o Dongfang Turbine Co.Ltd. (China)
o Samuel Son & Co. (US)
o Westinghouse Electric Company (US)
o Halvorsen Company (US)
o Pressure Vessels (India)
o Kelvion Holdings GmbH (Germany)

"Steel alloy, by material, is expected to be the largest and the fastest-growing market from 2020 to 2025."
Steel alloys account for the largest share in the global pressure vessel market in 2019. The increase in the number of industrial power projects and the replacement of existing pressure vessels are the major factors driving the growth of the market.

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"The chemicals & petrochemicals segment, by the end-user, is expected to be the fastest-growing market from 2020 to 2025."
The chemicals industry is growing globally owing to increasing consumption of goods such as fertilizers and other agrochemical products, LED lightings, coatings & adsorbents, plastics & man-made fibers, and research laboratory chemicals. The petrochemical industry is experiencing heightened demand from numerous construction projects in the Asia Pacific region.

"Asia Pacific: The largest and the fastest-growing region in the pressure vessel industry."
The region is developing into the fastest-growing end-market for energy, power, and technologies. Also, substantial growth in related industries such as metallurgy, chemical manufacturing, food and beverages, and energy & power, drive the growth of pressure vessel market. China and India are the fastest-growing countries in the region, generating massive demand for pressure vessels.

Breakdown of primary participants' profile:
o By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
o By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
o By Region: Asia Pacific- 30%, North America- 27%, Europe- 25%, Middle East & Africa - 13%, and South America- 5%

Competitive Landscape of Pressure Vessel Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Ranking Of Players And Industry Concentration, 2019
4 Competitive Scenario
4.1 Contracts & Agreements
4.2 Partnerships, Collaborations, Alliances, And Joint Ventures

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Research Coverage:
The report defines, describes, and forecasts the pressure vessel market, by type, material, heat source, end user, 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, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the pressure vessel market.

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