Market Research Future published “Pressure Vessel Market 2019 Global Industry Analysis To 2023 Report. The global Pressure Vessel market is to expand saliently at a CAGR of 6% during the forecast period 2019 to 2023.
— Global Pressure Vessel Market Information analyzed by Material (Steel Alloys, Other Alloys, Composites), by Product (Boilers, Nuclear Reactors, Separators, Others), by Application (Oil & Gas, Chemical, Power Generation & Others) and by Region - Global Forecast To 2023.
Key Players Profiled in the latest report by Market Research Future include:
The key players of Global Pressure Vessel Market are Babcock and Wilcox Enterprises, Inc. (U.S.A), Doosan Heavy Industries & Construction Co., Ltd. (South Korea), Mitsubishi Heavy Industries Ltd. (Japan), Bharat Heavy Electricals Limited. (India), Larsen & Toubro Limited. (India), Dongfang Electric Machinery Co., Ltd. (China), General Electric Co (U.S.A), Halvorsen (Norway), IHI Corporation (Japan), Pressure Vessels (India), Samuel Pressure Vessel Group. (U.S.A), Westinghouse Electric Company LLC. (U.S.A) and others.
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Pressure Vessel Market Overview:
Pressure vessels are manufactured according to standard regulations and their applications. As pressure vessels are widely used for storing liquids and gases at high pressure, the high internal pressure bearing capacity of the pressure vessel acts is the main feature driving pressure vessel market. Highly reactive chemical compounds need a proper medium for transportation, which modern pressure vessels provides it, as design parameters such as safe operating pressure & temperature, safety factor and corrosion allowance accounts for it. The current manufacturing techniques under intensive R&D, nondestructive testing and under the guidelines of government, have reduced the pressure vessel related accidents.
major drivers of the global pressure vessel market is the growing need for energy around the world. Boilers, the dominant type of pressure vessel in current global market are used in various energy generation procedures, which is expected to support their demand in coming years. The growing attention towards the renewable energy sector has also promoted the pressure vessel market immensely. Due to the growing scarcity of natural fuels, more attention is given to the renewable energy resources, which is benefitting the growth of pressure vessel market. The customizability of pressure vessels is another key driver for the global pressure vessel market. On the other hand, the drop in mining activities is expected to restrain the pressure vessels market to a certain degree. Pressure vessels need large amount of metal, since they need to safeguard with a barrier thick enough to contain even highly reactive and potentially destructive materials. Thus, the decrease in the mining of metals is expected to restrain the pressure vessels industry.
Global Pressure Vessel Market Information Report by Material (Steel Alloys, Other Alloys, Composites), by Product (Boilers, Nuclear Reactors, Separators, Others), by Application (Oil & Gas, Chemical, Power Generation & Others) and by Region - Global Forecast To 2023.
Detailed Regional Analysis:
Currently, Asia-Pacific region is expected to grow rapidly. The rapid expansion of the power sector in the region, the growing operation of nuclear power, and the increasing demand from the chemicals industry caters for the growth of pressure vessels market in Asia-Pacific region. The expected expansion of urban and industrial infrastructure in the region in the coming years will ensure gradual demand for electricity. This will drive the demand for pressure vessels in the region, as they are essential in most conventional power generation procedures.
TABLE OF CONTENTS:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Pressure Vessel Market, By Material
4.2 Steel Alloys
4.3 Other Alloys
5 Global Pressure Vessel Market, By Product
5.3 Nuclear Reactors
6 Global Pressure Vessel Market, By Application
6.2. Oil & Gas
6.4. Power Generation
LIST OF TABLES:
TABLE 1 GLOBAL PRESSURE VESSEL MARKET, BY MATERIAL
TABLE 2 GLOBAL PRESSURE VESSEL MARKET, BY PRODUCT
TABLE 3 GLOBAL PRESSURE VESSEL MARKET, BY APPLICATION
LIST OF FIGURES:
FIGURE 1 RESEARCH PRODUCT
FIGURE 2 GLOBAL PRESSURE VESSEL MARKET: BY MATERIAL (%)
FIGURE 3 GLOBAL PRESSURE VESSEL MARKET: BY PRODUCT (%)
FIGURE 4 GLOBAL PRESSURE VESSEL MARKET: BY APPLICATION (%)
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