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Pressure Vessel – Global Market Outlook (2019-2027)

Global Pressure Vessel Market is expected to reach $67.60 billion by 2027 growing at a CAGR of 6.5% during 2019 to 2027.

 

Some of the key players profiled in the Pressure Vessel Market include Bharat Heavy Electricals Limited, Westinghouse Electric Company, Tinita Engineering Pvt. Ltd, Samuel, Son & Co., Pressure Vessels, Mitsubishi Hitachi Power Systems, Larsen & Toubro, Kelvion Holdings GmbH, IHI Corporation, Hitachi Zosen, Dongfang Turbine Co., Ltd., General Electric, Doosan Mecatec, Babcock & Wilcox Enterprises, and Halvorsen Company.

Increasing refinery and chemical plant construction activities, the increasing requirement for energy and growing adoption of supercritical and ultra-supercritical power generation technology are some of the factors propelling the growth of the market. However, higher capital requirements and maintenance costs are hampering the growth of the market.

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Pressure Vessels are enclosed cylindrical structure used by various industries that hold liquids and gases at high pressure. Pressure vessels are manufactured according to standard regulations and their applications. Designing of pressure vessel requires corrosion allowance, maximum safe operating pressure and temperature, minimum design temperature and safety factor.

Based on the end-user, the chemicals & petrochemicals segment is anticipated to hold considerable market share during the forecast period owing to experiencing heightened demand from several construction projects in the developing region and increasing consumption of goods such as fertilizers & agrochemical products, plastics & human-made fibers, and research laboratory chemicals.

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By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to rapid expansion of the power sector, rising installation of nuclear powerhouses, and rapidly expanding oil & gas and chemical sectors.

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Types Covered:
• Separators
• Nuclear Reactor
• Boilers
• Other Types

Heat Sources Covered:
• Unfired
• Fired

Construction Types Covered:
• CNG Type I
• CNG Type II
• CNG Type III
• CNG Type IV

Materials Covered:
• Tantalum
• Nickel & Nickel Alloys
• Titanium
• Hastelloy
• Zirconium
• Steel Alloys
• Composites
• Other Materials

Applications Covered:
• Storage Vessel
• Processing Vessel
• Gas Storage
• Compressed Natural Gas Vehicles
• Oil Pressure Vessels
• Special Gas Pressure Vessels

End Users Covered:
• Power Generation
• Oil & Gas
• Fertilizers
• Chemicals & Petrochemicals
• Other End Users

Regions Covered:

• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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