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Pressure Vessel Market by Type (Boiler, Reactor and Separator) Material (Steel Alloys and Composites) Heat Source (Fired and Unfired), End User (Power, Chemicals & Petrochemicals, Oil & Gas and Fertilizers) and Region-Global Forecast to 2025
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Published by MarketsandMarkets: 21 May 2020 | 261013 | In Stock
Related Topics: Steel

Introduction

“The pressure vessel market is projected to grow at a CAGR of 4.5% from 2020 to 2025.”

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. The installation of new pressure vessels in aging power plants is creating demand opportunities for pressure vessels.

Also, the development of refineries and chemical plants and expanding the fertilizer industry are driving the pressure vessel industry growth. However, high capital requirements and maintenance costs and strict emission standards hinder the growth of pressure vessels.

“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.

Steel alloys include carbon steel, chromium-molybdenum alloys, and stainless steel. Carbon steel is a combination of iron & steel, whereas stainless steel is an iron alloy with a minimum of 10.5% chromium. Other elements are added to stainless steel to enhance its structure and properties such as formability and strength.

High corrosion resistance is the main characteristic of good grade stainless steel. Asia Pacific and the Middle East region are expected to offer lucrative opportunities for the pressure vessel market in the near future.

“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. More than 20 refineries are expected to be constructed in the Middle East & Africa and Asia Pacific region in the next five years. All these factors are driving the growth of the pressure vessel market for the chemicals & petrochemicals industry.

“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.

Moreover, the region has many countries importing natural gases, which boost the trade as well as the market for pressure vessels. Japan is the largest importer of LNG, along with many other developing nations of the region. These countries are expected to increase their trade, considering the low cost of conventional fuels. All these factors drive the demand for pressure vessels in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%

By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%

By Region: Asia Pacific- 30%, North America- 27%, Europe- 25%, Middle East & Africa – 13%, and South America- 5%

*Others include sales managers, engineers, and regional managers.

Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 1 and USD 5 billion, and Tier 3 Company—Revenue < USD 1 billion

The global pressure vessel market is dominated by a few major players that have an extensive regional presence. Babcock & Wilcox Enterprises (US), General Electric(US), Larsen & Toubro (India), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems (Japan), Hitachi Zosen (Japan), Bharat Heavy Electricals Limited (India), Doosan Mecatec (South Korea), Dongfang Turbine Co., Ltd. (China), Samuel, Son & Co. (US), Westinghouse Electric Company (US), and Halvorsen Company (US), Pressure Vessels (India), and Kelvion Holdings GmbH (Germany) are some of the leading players.

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.

Why Buy this Report?

1. The report identifies and addresses the key markets for pressure vessel operations and services, which would help equipment manufacturers and service providers review the growth in demand.

2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Table of Contents
for Pressure Vessel Market by Type (Boiler, Reactor and Separator) Material (Steel Alloys and Composites) Heat Source (Fired and Unfired), End User (Power, Chemicals & Petrochemicals, Oil & Gas and Fertilizers) and Region-Global Forecast to 2025

  • TABLE OF CONTENTS

    1 INTRODUCTION 19

    1.1 STUDY OBJECTIVES 19

    1.2 MARKET DEFINITION AND SCOPE 19

    1.2.1 PRESSURE VESSEL MARKET: INCLUSIONS VS. EXCLUSIONS 20

    1.3 MARKET SCOPE 20

    1.3.1 MARKET SEGMENTATION 20

    1.3.2 GEOGRAPHIC SCOPE 21

    1.3.3 YEARS CONSIDERED 21

    1.4 CURRENCY 22

    1.5 LIMITATIONS 22

    1.6 STAKEHOLDERS 22

    2 RESEARCH METHODOLOGY 23

    2.1 RESEARCH DATA 23

    2.1.1 SECONDARY DATA 24

    2.1.1.1 Key data from secondary sources 24

    2.1.2 PRIMARY DATA 24

    2.1.2.1 Key data from primary sources 25

    2.1.2.2 Breakdown of primaries 26

    2.2 SCOPE 26

    2.3 MARKET SIZE ESTIMATION 27

    2.3.1 DEMAND-SIDE ANALYSIS 27

    2.3.1.1 Assumptions 27

    2.3.1.2 Limitations 28

    2.3.1.3 Calculation 28

    2.3.2 SUPPLY-SIDE ANALYSIS 28

    2.3.2.1 Assumptions 28

    2.3.2.2 Calculation 28

    2.4 FORECAST 30

    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 30

    2.6 PRIMARY INSIGHTS 31

    3 EXECUTIVE SUMMARY 32

    3.1 SCENARIO ANALYSIS 33

    3.1.1 OPTIMISTIC SCENARIO 33

    3.1.2 REALISTIC SCENARIO 34

    3.1.3 PESSIMISTIC SCENARIO 34

    4 PREMIUM INSIGHTS 39

    4.1 ATTRACTIVE OPPORTUNITIES IN PRESSURE VESSEL MARKET 39

    4.2 PRESSURE VESSEL MARKET, BY TYPE 39

    4.3 PRESSURE VESSEL MARKET, BY MATERIAL 40

    4.4 PRESSURE VESSEL MARKET, BY HEAT SOURCE 40

    4.5 PRESSURE VESSEL MARKET, BY END USER 41

    4.6 PRESSURE VESSEL MARKET, BY REGION 41

    4.7 ASIA PACIFIC PRESSURE VESSEL MARKET, BY END USER & COUNTRY 42

    5 MARKET OVERVIEW 43

    5.1 INTRODUCTION 43

    5.2 MARKET DYNAMICS 44

    5.2.1 DRIVERS 44

    5.2.1.1 Growing adoption of supercritical and ultra-supercritical power generation technology 44

    5.2.1.2 Increasing refinery and chemical plant construction activities in Asia Pacific and Middle East 45

    5.2.1.3 Expanding global fertilizer industry 47

    5.2.2 RESTRAINTS 47

    5.2.2.1 Increase in decommissioning activities of nuclear reactors 47

    5.2.2.2 Significantly higher capital requirements and maintenance costs 48

    5.2.3 OPPORTUNITIES 48

    5.2.3.1 Installation of new pressure vessels in aging power plants 48

    5.2.3.2 Technological advancements in materials, testing methodologies, and designs 48

    5.2.4 CHALLENGES 49

    5.2.4.1 Strict emission standards related to pressure vessels 49

    5.3 SUPPLY CHAIN OVERVIEW 49

    5.3.1 KEY INFLUENCERS 50

    5.3.1.1 Raw material providers 50

    5.3.1.2 Equipment manufacturers 50

    5.3.1.3 End users 50

    6 PRESSURE VESSEL MARKET, BY TYPE 51

    6.1 INTRODUCTION 52

    6.2 BOILER 53

    6.2.1 INITIATION OF REFINERY PROJECTS AND AGING POWER INFRASTRUCTURE TO DRIVE BOILERS MARKET 53

    6.3 REACTOR 54

    6.3.1 PHASE-OUT OF NUCLEAR POWER PLANTS TO AFFECT MARKET FOR REACTORS 54

    6.4 SEPARATOR 55

    6.4.1 GROWING OIL & GAS OPERATIONS IN MIDDLE EAST AND ASIA PACIFIC TO DRIVE SEPARATORS MARKET 55

    6.5 OTHER TYPES 56

    7 PRESSURE VESSEL MARKET, BY MATERIAL 57

    7.1 INTRODUCTION 58

    7.2 STEEL ALLOYS 59

    7.2.1 HIGH DEMAND FOR STEEL ALLOYS-BASED PRESSURE VESSELS FROM ASIA PACIFIC DRIVING MARKET GROWTH 59

    7.3 COMPOSITES 59

    7.3.1 TECHNICAL ADVANCEMENTS FUEL DEMAND FOR LIGHTWEIGHT COMPOSITE PRESSURE VESSELS 59

    7.4 OTHER ALLOYS 60

    8 PRESSURE VESSEL MARKET, BY HEAT SOURCE 61

    8.1 INTRODUCTION 62

    8.2 FIRED PRESSURE VESSEL 63

    8.2.1 REQUIREMENT FOR BOILER REPLACEMENT FROM CONVENTIONAL POWER PLANTS BOOSTS DEMAND FOR FIRED PRESSURE VESSELS 63

    8.3 UNFIRED PRESSURE VESSELS 63

    8.3.1 INCREASED DEMAND FOR HIGH-EFFICIENCY PRESSURE VESSELS ACCELERATES UNFIRED PRESSURE VESSEL MARKET GROWTH 63

    9 PRESSURE VESSEL MARKET, BY END USER 65

    9.1 INTRODUCTION 66

    9.2 POWER 67

    9.2.1 AGED THERMAL POWER INFRASTRUCTURE BOOSTING DEMAND FOR PRESSURE VESSELS IN POWER INDUSTRY 67

    9.3 OIL & GAS 68

    9.3.1 FLUCTUATIONS IN UPSTREAM OIL & GAS INDUSTRY TO AFFECT DEMAND FOR PRESSURE VESSELS 68

    9.4 CHEMICALS & PETROCHEMICALS 68

    9.4.1 HIGH DEMAND FOR CHEMICALS AND PETROCHEMICALS PROPEL PRESSURE VESSEL MARKET GROWTH 68

    9.5 FERTILIZERS 69

    9.5.1 SLACKENED DEMAND FOR FERTILIZERS FROM ASIA PACIFIC AND MIDDLE EAST & AFRICA DUE TO COVID-19 OUTBREAK AFFECTING DEMAND FOR PRESSURE VESSELS 69

    9.6 OTHER END USER 70

    10 PRESSURE VESSEL MARKET, BY REGION 71

    10.1 INTRODUCTION 72

    10.2 SCENARIO ANALYSIS 73

    10.2.1 OPTIMISTIC SCENARIO 73

    10.2.2 REALISTIC SCENARIO 74

    10.2.3 PESSIMISTIC SCENARIO 74

    10.3 ASIA PACIFIC 75

    10.3.1 BY TYPE 76

    10.3.2 BY MATERIAL 77

    10.3.3 BY HEAT SOURCE 77

    10.3.4 BY END USER 77

    10.3.5 BY COUNTRY 80

    10.3.5.1 China 81

    10.3.5.1.1 Rising demand for industrial chemicals and power foster pressure vessel market growth in China 81

    10.3.5.2 India 82

    10.3.5.2.1 Increasing power generation capacity in India boosting domestic demand for pressure vessels 82

    10.3.5.3 Japan 83

    10.3.5.3.1 Growing chemicals industry in Japan accelerating country’s pressure vessel market growth 83

    10.3.5.4 Australia 83

    10.3.5.4.1 Country’s plans to expand its oil and gas exports to augment demand for pressure vessels 83

    10.3.5.5 South Korea 84

    10.3.5.5.1 Increasing chemical production in e country fostering demand for pressure vessels 84

    10.3.5.6 Malaysia 85

    10.3.5.6.1 Investments in power generation capacity addition driving pressure vessel market growth in Malaysia 85

    10.3.5.7 Indonesia 86

    10.3.5.7.1 Modification of oil refineries driving requirement for pressure vessels in Indonesia 86

    10.3.5.8 Rest of Asia Pacific 87

    10.4 EUROPE 87

    10.4.1 BY TYPE 89

    10.4.2 BY MATERIAL 89

    10.4.3 BY HEAT SOURCE 89

    10.4.4 BY END USER 90

    10.4.5 BY COUNTRY 93

    10.4.5.1 Germany 93

    10.4.5.1.1 Increasing chemical production accounting for rising demand for pressure vessels in Germany 93

    10.4.5.2 UK 94

    10.4.5.2.1 Oil & gas industry in UK propelling pressure vessel market growth 94

    10.4.5.3 France 95

    10.4.5.3.1 Growing chemicals & petrochemicals industry in France supporting country’s pressure vessel market growth 95

    10.4.5.4 Norway 96

    10.4.5.4.1 Increasing exports of chemicals and oil leading to rising need for pressure vessels in Norway 96

    10.4.5.5 Netherlands 96

    10.4.5.5.1 Chemical & refinery upgrade and expansion projects drive demand for pressure vessels in Netherlands 96

    10.4.5.6 Italy 97

    10.4.5.6.1 Increasing polymer production to drive Italian pressure vessel market growth 97

    10.4.5.7 Spain 98

    10.4.5.7.1 Growing refinery construction projects fostering demand for pressure vessels in Spain 98

    10.4.5.8 Rest of Europe 99

    10.5 NORTH AMERICA 99

    10.5.1 BY TYPE 100

    10.5.2 BY MATERIAL 100

    10.5.3 BY HEAT SOURCE 100

    10.5.4 BY END USER 101

    10.5.5 BY COUNTRY 103

    10.5.5.1 US 103

    10.5.5.1.1 Increasing chemical production, along with shale production, to boost market growth 103

    10.5.5.2 Canada 104

    10.5.5.2.1 Growing oil & gas sector likely to drive market growth 104

    10.5.5.3 Mexico 105

    10.5.5.3.1 Rising demand from oil & gas industry, along with increasing chemical production, to fuel demand for pressure vessels 105

    10.6 MIDDLE EAST & AFRICA 105

    10.6.1 BY TYPE 106

    10.6.2 BY MATERIAL 106

    10.6.3 BY HEAT SOURCE 106

    10.6.4 BY END USER 107

    10.6.5 BY COUNTRY 110

    10.6.5.1 Saudi Arabia 110

    10.6.5.1.1 Increasing refinery construction projects to drive market growth 110

    10.6.5.2 UAE 111

    10.6.5.2.1 High demand for pressure vessels from oil & gas upstream and downstream industries 111

    10.6.5.3 Qatar 112

    10.6.5.3.1 Oil & gas sector creating demand for pressure vessels 112

    10.6.5.4 Kuwait 113

    10.6.5.4.1 Increasing investments in power sector to drive demand for pressure vessels 113

    10.6.5.5 South Africa 113

    10.6.5.5.1 Growing power and manufacturing sectors to drive market growth 113

    10.6.5.6 Egypt 114

    10.6.5.6.1 Growing power demand likely to boost market growth 114

    10.6.5.7 Nigeria 115

    10.6.5.7.1 Increasing demand for pressure vessels for LNG from oil & gas and shipping industries to foster market growth 115

    10.6.5.8 Algeria 116

    10.6.5.8.1 Growing power industry to boost demand for pressure vessels 116

    10.6.5.9 Rest of Middle East & Africa 116

    10.7 SOUTH AMERICA 117

    10.7.1 BY TYPE 117

    10.7.2 BY MATERIAL 118

    10.7.3 BY HEAT SOURCE 118

    10.7.4 BY END USER 118

    10.7.5 BY COUNTRY 120

    10.7.5.1 Brazil 121

    10.7.5.1.1 Oil & gas industry expected to drive market growth 121

    10.7.5.2 Venezuela 121

    10.7.5.2.1 Low industrial growth affecting market growth 121

    10.7.5.3 Argentina 122

    10.7.5.3.1 Reviving oil & gas sector likely to provide opportunities 122

    10.7.5.4 Chile 123

    10.7.5.4.1 Growing electricity demand expected to boost demand for pressure vessels 123

    10.7.5.5 Rest of South America 123

    11 COMPETITIVE LANDSCAPE 125

    11.1 OVERVIEW 125

    11.2 COMPETITIVE LEADERSHIP MAPPING 126

    11.2.1 VISIONARY LEADERS 126

    11.2.2 INNOVATORS 126

    11.2.3 DYNAMIC DIFFERENTIATORS 126

    11.2.4 EMERGING COMPANIES 126

    11.3 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2019 128

    11.4 COMPETITIVE SCENARIO 129

    11.4.1 CONTRACTS & AGREEMENTS 129

    11.4.2 PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES 130

    12 COMPANY PROFILES 131

    (Business overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, MNM view)*

    12.1 BABCOCK & WILCOX ENTERPRISES 131

    12.2 GENERAL ELECTRIC 136

    12.3 LARSEN & TOUBRO 140

    12.4 MITSUBISHI HITACHI POWER SYSTEMS 144

    12.5 HITACHI ZOSEN 146

    12.6 IHI CORPORATION 149

    12.7 BHARAT HEAVY ELECTRICALS LIMITED 152

    12.8 DOOSAN MECATEC 156

    12.9 DONGFANG TURBINE CO., LTD. 157

    12.10 SAMUEL, SON & CO. 158

    12.11 WESTINGHOUSE ELECTRIC COMPANY 159

    12.12 HALVORSEN COMPANY 160

    12.13 PRESSURE VESSELS (INDIA) 161

    12.14 KELVION HOLDING GMBH 162

    12.15 VI FLOW 163

    12.16 ERGIL 164

    12.17 GLADWIN TANK 164

    12.18 ROBINSON PIPE & VESSEL 164

    12.19 TITAN METAL FABRICATORS 165

    12.20 ALLOY PRODUCTS 165

    *Details on Business overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.

    13 APPENDIX 166

    13.1 INSIGHTS OF INDUSTRY EXPERTS 166

    13.2 DISCUSSION GUIDE 167

    13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 170

    13.4 AVAILABLE CUSTOMIZATIONS 172

    13.5 RELATED REPORTS 172

    13.6 AUTHOR DETAILS 173

List Of Tables
in Pressure Vessel Market by Type (Boiler, Reactor and Separator) Material (Steel Alloys and Composites) Heat Source (Fired and Unfired), End User (Power, Chemicals & Petrochemicals, Oil & Gas and Fertilizers) and Region-Global Forecast to 2025

LIST OF TABLES


TABLE 1 PRESSURE VESSEL MARKET: PLAYERS/COMPANIES CONNECTED 26

TABLE 2 PRESSURE VESSEL MARKET SNAPSHOT 35

TABLE 3 COST AND THERMAL EFFICIENCIES OF POWER GENERATION TECHNOLOGIES 45

TABLE 4 REFINERIES & PETROCHEMICAL PLANT CONSTRUCTION PROJECTS 2018–2020 46

TABLE 5 PRESSURE VESSEL MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 52

TABLE 6 PRESSURE VESSEL MARKET VOLUME, BY TYPE, 2018–2025 (UNITS) 53

TABLE 7 BOILER: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 54

TABLE 8 REACTOR: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 55

TABLE 9 SEPARATOR: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 55

TABLE 10 OTHER TYPES: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 56

TABLE 11 PRESSURE VESSEL MARKET SIZE, BY MATERIAL, 2018–2025 (USD MILLION) 58

TABLE 12 STEEL ALLOYS: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 59

TABLE 13 COMPOSITES: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 60

TABLE 14 OTHER ALLOYS: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 60

TABLE 15 PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE, 2018–2025 (USD MILLION) 62

TABLE 16 FIRED PRESSURE VESSEL: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 63

TABLE 17 UNFIRED PRESSURE VESSELS: PRESSURE VESSEL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 64

TABLE 18 PRESSURE VESSEL MARKET SIZE, BY END USER, 2018–2025 (USD MILLION) 66

TABLE 19 POWER: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 67

TABLE 20 OIL & GAS: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 68

TABLE 21 CHEMICALS & PETROCHEMICALS: PRESSURE VESSEL MARKET SIZE,

BY REGION, 2018–2025 (USD MILLION) 69

TABLE 22 FERTILIZERS: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 69

TABLE 23 OTHER END USER: PRESSURE VESSEL MARKET SIZE, BY REGION,

2018–2025 (USD MILLION) 70

TABLE 24 OPTIMISTIC SCENARIO: PRESSURE VESSEL MARKET, BY REGION,

2018–2025 (USD MILLION) 73

TABLE 25 REALISTIC SCENARIO: PRESSURE VESSEL MARKET, BY REGION,

2018–2025 (USD MILLION) 74

TABLE 26 PESSIMISTIC SCENARIO: PRESSURE VESSEL MARKET, BY REGION,

2018–2025 (USD MILLION) 74

TABLE 27 ASIA PACIFIC: PRESSURE VESSEL MARKET SIZE, BY TYPE,

2018–2025 (USD MILLION) 76

TABLE 28 ASIA PACIFIC: PRESSURE VESSEL MARKET SIZE, BY MATERIAL,

2018–2025 (USD MILLION) 77

TABLE 29 ASIA PACIFIC: PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE,

2018–2025 (USD MILLION) 77

TABLE 30 ASIA PACIFIC: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 77

TABLE 31 POWER: ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 78

TABLE 32 OIL & GAS: ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 78

TABLE 33 CHEMICALS & PETROCHEMICALS: ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 79

TABLE 34 FERTILIZERS: ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 79

TABLE 35 OTHER END USER: ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 80

TABLE 36 ASIA PACIFIC PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 80

TABLE 37 CHINA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 81

TABLE 38 INDIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 82

TABLE 39 JAPAN: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 83

TABLE 40 AUSTRALIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 84

TABLE 41 SOUTH KOREA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 85

TABLE 42 MALAYSIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 85

TABLE 43 INDONESIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 86

TABLE 44 REST OF ASIA PACIFIC: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 87

TABLE 45 EUROPE: PRESSURE VESSEL MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 89

TABLE 46 EUROPE: PRESSURE VESSEL MARKET SIZE, BY MATERIAL,

2018–2025 (USD MILLION) 89

TABLE 47 EUROPE: PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE,

2018–2025 (USD MILLION) 89

TABLE 48 EUROPE: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 90

TABLE 49 POWER: EUROPE PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 90

TABLE 50 OIL & GAS: EUROPE PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 91

TABLE 51 CHEMICALS & PETROCHEMICALS: EUROPE PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 91

TABLE 52 FERTILIZERS: EUROPE PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 92

TABLE 53 OTHER END USER: EUROPE PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 92

TABLE 54 EUROPE: PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 93

TABLE 55 GERMANY: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 94

TABLE 56 UK: PRESSURE VESSEL MARKET SIZE, BY END USER, 2018–2025 (USD MILLION) 94

TABLE 57 FRANCE: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 95

TABLE 58 NORWAY: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 96

TABLE 59 NETHERLANDS: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 97

TABLE 60 ITALY: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 97

TABLE 61 SPAIN: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 98

TABLE 62 REST OF EUROPE: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 99

TABLE 63 NORTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY TYPE,

2018–2025 (USD MILLION) 100

TABLE 64 NORTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY MATERIAL,

2018–2025 (USD MILLION) 100

TABLE 65 NORTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE,

2018–2025 (USD MILLION) 100

TABLE 66 NORTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 101

TABLE 67 POWER: NORTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 101

TABLE 68 OIL & GAS: NORTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 101

TABLE 69 CHEMICALS & PETROCHEMICALS: NORTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 102

TABLE 70 FERTILIZERS: NORTH AMERICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 102

TABLE 71 OTHER END USER: NORTH AMERICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 102

TABLE 72 NORTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 103

TABLE 73 US: PRESSURE VESSEL MARKET SIZE, BY END USER, 2018–2025 (USD MILLION) 104

TABLE 74 CANADA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 104

TABLE 75 MEXICO: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 105

TABLE 76 MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE, BY TYPE,

2018–2025 (USD MILLION) 106

TABLE 77 MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE, BY MATERIAL,

2018–2025 (USD MILLION) 106

TABLE 78 MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE, 2018–2025 (USD MILLION) 106

TABLE 79 MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 107

TABLE 80 POWER: MIDDLE EAST & AFRICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 107

TABLE 81 OIL & GAS: MIDDLE EAST & AFRICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 108

TABLE 82 CHEMICALS & PETROCHEMICALS: MIDDLE EAST & AFRICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 108

TABLE 83 FERTILIZERS: MIDDLE EAST & AFRICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 109

TABLE 84 OTHER END USER: MIDDLE EAST & AFRICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 109

TABLE 85 MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 110

TABLE 86 SAUDI ARABIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 111

TABLE 87 UAE: PRESSURE VESSEL MARKET SIZE, BY END USER, 2018–2025 (USD MILLION) 112

TABLE 88 QATAR: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 112

TABLE 89 KUWAIT: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 113

TABLE 90 SOUTH AFRICA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 114

TABLE 91 EGYPT: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 115

TABLE 92 NIGERIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 115

TABLE 93 ALGERIA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 116

TABLE 94 REST OF MIDDLE EAST & AFRICA: PRESSURE VESSEL MARKET SIZE,

BY END USER, 2018–2025 (USD MILLION) 117

TABLE 95 SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY TYPE,

2018–2025 (USD MILLION) 117

TABLE 96 SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY MATERIAL,

2018–2025 (USD MILLION) 118

TABLE 97 SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY HEAT SOURCE,

2018–2025 (USD MILLION) 118

TABLE 98 SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 118

TABLE 99 POWER: SOUTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 119

TABLE 100 OIL & GAS: SOUTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 119

TABLE 101 CHEMICALS & PETROCHEMICALS: SOUTH AMERICA PRESSURE VESSEL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 119

TABLE 102 FERTILIZERS: SOUTH AMERICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 120

TABLE 103 OTHER END USER: SOUTH AMERICA PRESSURE VESSEL MARKET SIZE,

BY COUNTRY, 2018–2025 (USD MILLION) 120

TABLE 104 SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE, BY COUNTRY,

2018–2025 (USD MILLION) 120

TABLE 105 BRAZIL: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 121

TABLE 106 VENEZUELA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 122

TABLE 107 ARGENTINA: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 122

TABLE 108 CHILE: PRESSURE VESSEL MARKET SIZE, BY END USER,

2018–2025 (USD MILLION) 123

TABLE 109 REST OF SOUTH AMERICA: PRESSURE VESSEL MARKET SIZE,

BY END USER, 2018–2025 (USD MILLION) 124

TABLE 110 DEVELOPMENTS OF KEY PLAYERS IN PRESSURE VESSEL MARKET, 2017–2019 129

List Of Figures, Charts and Diagrams
in Pressure Vessel Market by Type (Boiler, Reactor and Separator) Material (Steel Alloys and Composites) Heat Source (Fired and Unfired), End User (Power, Chemicals & Petrochemicals, Oil & Gas and Fertilizers) and Region-Global Forecast to 2025

LIST OF FIGURES


FIGURE 1 PRESSURE VESSEL MARKET: RESEARCH DESIGN 23

FIGURE 2 RESEARCH METHODOLOGY: ILLUSTRATION OF PRESSURE VESSEL COMPANY REVENUE ESTIMATION (2019) 29

FIGURE 3 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019 29

FIGURE 4 DATA TRIANGULATION METHODOLOGY 30

FIGURE 5 SCENARIO ANALYSIS: PRESSURE VESSEL MARKET, 2018–2025 33

FIGURE 6 ASIA PACIFIC HELD LARGEST SHARE OF PRESSURE VESSEL MARKET IN 2019 36

FIGURE 7 BOILERS ARE EXPECTED TO DOMINATE PRESSURE VESSEL MARKET,

BY TYPE, IN 2020 37

FIGURE 8 STEEL ALLOYS TO DOMINATE PRESSURE VESSEL MARKET, BY MATERIAL,

DURING FORECAST PERIOD 37

FIGURE 9 FIRED SEGMENT DOMINATED PRESSURE VESSEL MARKET, BY HEAT SOURCE,

IN 2019 38

FIGURE 10 POWER SEGMENT TO LEAD PRESSURE VESSEL MARKET, BY END USER, DURING FORECAST PERIOD 38

FIGURE 11 HIGH DEMAND FOR PRESSURE VESSELS FROM NEW REFINERY & CHEMICAL PLANT CONSTRUCTION SUPPLEMENTS PRESSURE VESSEL MARKET GROWTH, 2020–2025 39

FIGURE 12 BOILERS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 39

FIGURE 13 STEEL ALLOYS TO EXHIBIT HIGHEST CAGR IN PRESSURE VESSEL MARKET FROM 2020 TO 2025 40

FIGURE 14 UNFIRED SEGMENT ACCOUNTED FOR LARGER SHARE OF PRESSURE VESSEL MARKET IN 2019 40

FIGURE 15 CHEMICALS & PETROCHEMICALS SEGMENT TO RECORD HIGHEST CAGR IN PRESSURE VESSEL MARKET DURING FORECAST PERIOD 41

FIGURE 16 PRESSURE VESSEL MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 41

FIGURE 17 POWER SEGMENT AND CHINA DOMINATED PRESSURE VESSEL MARKET IN ASIA PACIFIC IN 2019 42

FIGURE 18 PRESSURE VESSEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

& CHALLENGES 44

FIGURE 19 GLOBAL REFINERY CAPACITY, 2010–2018 45

FIGURE 20 NUMBER OF OIL REFINERIES, BY GEOGRAPHY, 2000–2018 46

FIGURE 21 DECOMMISSIONED REACTORS, 2012–2019 47

FIGURE 22 PRESSURE VESSEL MARKET: SUPPLY CHAIN 49

FIGURE 23 BOILER ACCOUNTED FOR LARGEST SHARE OF PRESSURE VESSEL MARKET,

BY TYPE, IN 2019 52

FIGURE 24 STEEL ALLOYS TO CONTINUE TO DOMINATE PRESSURE VESSEL MARKET,

BY MATERIAL, DURING FORECAST PERIOD 58

FIGURE 25 FIRED PRESSURE VESSELS TO CAPTURE LARGER MARKET SIZE, BY HEAT SOURCE, IN 2020 62

FIGURE 26 CHEMICALS & PETROCHEMICALS SEGMENT TO RECORD HIGHEST

CAGR IN PRESSURE VESSEL MARKET DURING FORECAST PERIOD 66

FIGURE 27 PRESSURE VESSEL MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 72

FIGURE 28 CRITERIA IMPACTING ECONOMY 73

FIGURE 29 ASIA PACIFIC: PRESSURE VESSEL MARKET OVERVIEW 76

FIGURE 30 EUROPE: PRESSURE VESSEL MARKET OVERVIEW 88

FIGURE 31 KEY DEVELOPMENTS IN PRESSURE VESSEL MARKET, 2017–APRIL 2020 125

FIGURE 32 PRESSURE VESSEL MARKET: (GLOBAL) COMPETITIVE LEADERSHIP

MAPPING, 2019 127

FIGURE 33 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019 128

FIGURE 34 BABCOCK & WILCOX: COMPANY SNAPSHOT 132

FIGURE 35 BABCOCK & WILCOX: SWOT ANALYSIS 135

FIGURE 36 GENERAL ELECTRIC: COMPANY SNAPSHOT 137

FIGURE 37 GENERAL ELECTRIC: SWOT ANALYSIS 139

FIGURE 38 LARSEN & TOUBRO: COMPANY SNAPSHOT 140

FIGURE 39 LARSEN & TOUBRO: SWOT ANALYSIS 142

FIGURE 40 HITACHI ZOSEN: COMPANY SNAPSHOT 146

FIGURE 41 HITACHI ZOSEN: SWOT ANALYSIS 147

FIGURE 42 IHI CORPORATION: COMPANY SNAPSHOT 149

FIGURE 43 IHI CORPORATION: SWOT ANALYSIS 151

FIGURE 44 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT 152

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

261013 | EP 4288

Number of Pages

174

Report Format

PDF

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