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Pressure Vessel Global Market Research Report with Opportunities And Strategies to Boost Growth By Forecast 2023-2032 | Hitachi Zosen, IHI Corporation, Halvorsen Company, Pressure Vessels, Doosan Meca Tec
Pressure Vessel Market
The Business Research Company's Pressure Vessel Global Market Report 2023 identifies the rising global thermal energy demand leading to the growing adoption of pressure vessels is the major driver for the growth of the market. Thermal energy is the term used to describe the energy present in a system that determines its temperature.
The global pressure vessel market size is expected to grow from $36.37 billion in 2022 to $38.31 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the pressure vessel market is expected to grow to $46.37 billion in 2027 at a CAGR of 4.9%.
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Major players in the pressure vessel market are Babcock & Wilcox Enterprises, General Electric, Larsen & Toubro, Mitsubishi Hitachi Power Systems, Hitachi Zosen, IHI Corporation, Bharat Heavy Electricals Limited, Samuel Son & Co., Halvorsen Company, Pressure Vessels, Doosan Meca Tec, DongFang Turbine Co. Ltd., Westinghouse Electric Company, Kelvion Holding Gmbh, Ergil, Alfa Laval, Abbott & Co (Newark) Ltd., Alloy Products Corp., GEA Group AG, and IHI Plant Services Corporation.
The technological innovation is a key trend gaining popularity in the pressure vessel market. The key players are increasingly focusing on integrating smarter and safer safety systems for better design and analysis as well as to gain a competitive edge in the market.
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The Pressure Vessel Market Is Segmented -
• By Type: Boiler, Reactor, Separator, Other Types
• By Heat Source: Fired, Un-Fired
• By Application: Storage Vessels, Processing Vessels
• By Material Type: Steel Alloys, Composites, Other Material Types
• By End-User Channel: Power, Oil and Gas, Food and Beverages, Pharmaceuticals, Chemicals, Other End-User Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pressure Vessel market.
The Business Research Company's "Global Pressure Vessel Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pressure Vessel Market Include:
1. Executive Summary
2. Pressure Vessel Market Characteristics
3. Pressure Vessel Market Trends And Strategies
4. Pressure Vessel Market - Macro Economic Scenario
5. Pressure Vessel Market Size And Growth
.....
26. Africa Pressure Vessel Market
27. Pressure Vessel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pressure Vessel Market
29. Pressure Vessel Market Future Outlook and Potential Analysis
30. Appendix
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