Press release
Pressure Vessels Market to Develop New Growth Story
Pressure Vessels Market
The global Pressure Vessels Market is poised to register a 4.8% CAGR from $53.1 Billion in 2024 to $70.3 Billion in 2030.
Key Players in This Report Include:
Bharat Heavy Electricals Limited (BHEL), Doosan Heavy Industries & Construction Co., Ltd., General Electric Company, Halvorsen Company, IHI Corporation, Larsen & Toubro Limited, Mitsubishi Heavy Industries, Ltd., Pressure vessels (India), Samuel Pressure Vessel Group, and Westinghouse Electric Company LLC.
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Pressure Vessels Market Overview in 2024
A pressure vessel is a closed container designed to hold gases or liquids at a substantially higher or lower pressure than ambient pressure. In addition, alternative fuels are derived from sources other than petroleum, which include gaseous fuels, including hydrogen; natural gas; propane; alcohols such as ethanol, methanol, and butanol; vegetable & waste-derived oils; and electricity. However, pressure vessel used in application of alternative fuel is known as pressure vessel for alternative fuel. The pressure vessel for alternative fuel is made of steel, titanium, aluminum, and nickel alloys .Shape of such vessels is cylindrical or spherical. Moreover, major alternative fuels are biodiesel, electricity, ethanol, hydrogen, natural gas, and propane. However, rise in demand for such fuels drive the growth of the market.
Market Segmentation and Scope:
By Type (Boilers, Separators, Reactors, Others), By Heat Source (Fired Pressure Vessels, Unfired Pressure Vessels), By Application (Storage Vessels, Processing Vessels), By End-User (Power, Oil & Gas, Food & Beverages, Pharmaceuticals, Chemicals, Others).
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Pressure Vessels Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period - 2024 to 2030
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Major Highlights of TOC:
Chapter 1: Overview of the Global Pressure Vessels Market in 2024
1.1 Pressure Vessels Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Pressure Vessels Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter's Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Pressure Vessels Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Pressure Vessels Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Pressure Vessels Market Size (2024-2030) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Pressure Vessels Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Pressure Vessels Market Outlook by Country
4.1 Pressure Vessels Market by Regions
4.2 Pressure Vessels Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
..........continued
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Thanks for reading this article; You can also get individual chapter-wise sections or region-wise report versions like North America, Middle East, Africa, Europe, MENA, LATAM, and Southeast Asia.
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