In this report, the Global Pressure Vessels market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Pressure Vessels market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Pressure Vessels is a closed container designed to hold gases or liquids at a pressure substantially different from the ambient pressure.
The pressure differential is dangerous, and fatal accidents have occurred in the history of pressure vessel development and operation. Consequently, pressure vessel design, manufacture, and operation are regulated by engineering authorities backed by legislation. For these reasons, the definition of a pressure vessel varies from country to country, but involves parameters such as maximum safe operating pressure and temperature, and are engineered with a safety factor, corrosion allowance, minimum design temperature (for brittle fracture), and involve nondestructive testing, such as ultrasonic testing, radiography, and pressure tests, usually involving water, also known as a hydro-test, but could be pneumatically tested involving air or another gas.
In consumption market, North America are the mainly consumption regions due to the demand of downstream applications. In 2017, it occupied 32.8% of the global consumption volume in total.
Market Analysis and Insights: Global Pressure Vessels Market
In 2019, the global Pressure Vessels market size was US$ 103780 million and it is expected to reach US$ 103040 million by the end of 2026, with a CAGR of -0.1% during 2021-2026.
Global Pressure Vessels Scope and Market Size
Pressure Vessels market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Pressure Vessels market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Pressure Vessels market is segmented into
Segment by Application, the Pressure Vessels market is segmented into
Oil & Gas
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Pressure Vessels Market Share Analysis
Pressure Vessels market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Pressure Vessels product introduction, recent developments, Pressure Vessels sales by region, type, application and by sales channel.
The major companies include:
Mitsubishi Heavy Industries
AVIC Liming Jinxi
Reasons to Buy This Research Report
- Complete access to Global Pressure Vessels market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Pressure Vessels markets including North America, Europe, MEA and Asia Pacific
- Global Pressure Vessels Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Pressure Vessels market segmentation
- Key trends, drivers and restraints for global Global Pressure Vessels market
- Challenges to market growth for Global Pressure Vessels manufacturers
- Key market opportunities of Global Pressure Vessels Industry
About Crystal Market Reports
Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.