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Pressure Vessel Market Size | Share and Trends | Forecast To 2024
by rahulkumar38471 · November 27 Youth Cam Talbot Jersey , 2018


Global Pressure Vessel Market is anticipated to reach USD 225.84 billion by 2024. Pressure vessels, as the name suggests, store high-pressure gases and liquids. The factors that propel the growth of the market include rising demand for power generation capacity and growing upstream & downstream activities in oil & gas manufacturing. On the other hand, there are factors that may hamper the growth of the market including growing environmental consciousness involving mining activities.


Pressure Vessel industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market may be explored by material type, product Youth Kyle Brodziak Jersey , end users, and geography. The industry may be explored by material type as Composite, Steel Alloy, and Other Alloy.


The Pressure Vessels Market could be explored based on product as Separator, Boiler, Nuclear Reactor, and Other. The 鈥淏oiler鈥?segment led the Pressure Vessel Industry in 2015 and is anticipated to maintain its dominance by 2024 owing to growing demand for petrochemicals and chemicals Youth Milan Lucic Jersey , and growing power plants in Asia Pacific as boilers are used in these plants for generating electricity.


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The market may be analyzed by end users as Chemical Industry, Petrochemical, Coal Chemical Industry, Non-Ferrous Metal, Nuclear Power, and Other. The 鈥淐hemical Industry鈥?segment led the Pressure Vessel Market in 2015 and is anticipated to maintain its dominance by 2024 owing to growing chemical schemes in emerging counties including the Asia Pacific, and Middle East.


Asia-Pacific accounted for the major share of the Pressure Vessel Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing demand for power generation and electricity capacity embellishments Youth Darnell Nurse Jersey , growing focus on renewable power generation and transformation of current power organization is expected to additionally increase the demand for pressure vessels in the Asian region. The economies such as Japan, Malaysia, and South Korea have high-growth projections in the Asia-Pacific鈥檚 pressure vessel industry.


Some of the key players that fuel the growth of the Pressure Vessels industry comprise China First Heavy Industries, IHI Corporation, CB&I, Kobelco, L&T Youth Tobias Rieder Jersey , MITSUBISHI HEAVY INDUSTRIES, KNM Group, Doosan Mecatec, Mersen, Hanson, Samuel Pressure Vessel Group, JSW Youth Ryan Strome Jersey , NK, BELLELI ENERGY, Springs Fabrication, Sunpower Technology, Beijing Tianhai Industry, Suzhou THVOW Technology, and CIMC Group. The leading companies are taking up partnerships Youth Adam Larsson Jersey , mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.


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Market Segment:


Global Pressure Vessel Material Outlook (Revenue, USD Billion, 2014 – 2024)
鈥?Steel Alloy
鈥?Other Alloy
鈥?Composite


Global Pressure Vessel Product Outlook (Revenue, USD Billion, 2014 – 2024)
鈥?Boiler
鈥?Nuclear Reactor
鈥?Separator
鈥?Other


Global Pressure Vessel End-Use Outlook (Revenue, USD Billion Youth Kris Russell Jersey , 2014 – 2024)
鈥?Oil & Gas
鈥?Chemical
鈥?Power Generation
鈥?Others


Global Pressure Vessel Regional Outlook (Revenue, USD Billion, 2014 – 2024)
鈥?North America
鈥?U.S
鈥?Canada
鈥?Mexico
鈥?Europe
鈥?Germany
鈥?UK
鈥?France
鈥?Italy
鈥?Asia Pacific
鈥?China
鈥?India
鈥?Japan
鈥?South Korea
鈥?Middle East and Africa
鈥?Saudi Arabia
鈥?UAE
鈥?Qatar
鈥?Central & South America
鈥?Brazil
鈥?Venezuela
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