A pressure vessel is a mechanical device that is designed to store liquids or gases at a specific pressure in a closed container. The pressure applied is considerably different from the ambient pressure. Pressure vessels are widely used in many industrial applications, and they generally appear as industrial compressed air receivers and domestic hot water storage tanks. In addition, they find their applications in the hydraulic and pneumatic reservoir under pressure, rail vehicle airbrake reservoir, and in storage vessels for liquefied gases, such as ammonia, chlorine, and liquid petroleum gas (LPG).
Technavio’s analysts forecast the global pressure vessels market to grow at a CAGR of 5.19% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global pressure vessels market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of pressure vessels.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Pressure Vessels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - CB&I - IHI Corporation - Kobelco - MITSUBISHI HEAVY INDUSTRIES - L&T - Doosan Mecatec - KNM Group - Samuel Pressure Vessel Group - Mersen - JSW - BELLELI ENERGY - NK - Springs Fabrication - Hanson - Suzhou THVOW Technology - Sunpower Technology - CIMC Group - China First Heavy Industries - Beijing Tianhai Industry
Market driver - Amplified demand for water and wastewater treatment - For a full, detailed list, view our report
Market challenge - Unpredictability in oil and gas prices - For a full, detailed list, view our report
Market trend - Development in petrochemical and chemical industry in India - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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