The pressure vessel market has experienced strong growth in recent years, increasing from $40.08 billion in 2024 to $42.11 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. This growth can be attributed to numerous factors including industrial expansion, increased energy consumption, advancements in materials and fabrication techniques, stringent safety regulations, and infrastructural development projects.
The pressure vessel market is projected to witness continued strong growth in the coming years, reaching $52.83 billion by 2029 with a CAGR of 5.8%. This growth can be associated with a shift towards cleaner energy sources, an expansion in the chemical and petrochemical sectors, and an increased role in carbon capture.
Get Your Free Sample of The Global Pressure Vessel Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8567&type=smp
How Is the Rising Global Thermal Energy Demand Driving the Pressure Vessel Market?
The increased global thermal energy demand has led to the growing adoption of pressure vessels and is considered a major driver for the market’s growth. Pressure vessels play a crucial role in the nuclear power generation process, providing multiple barriers to keep radioactive material away from the environment, thus responding to the global thermal energy demand.
What Are the Major Segments Within the Global Pressure Vessel Market?
1) By Type: Boiler, Reactor, Separator, Other Types
2) By Heat Source: Fired, Un-Fired
3) By Material Type: Steel Alloys, Composites, Other Material Types
4) By Application: Storage Vessels, Processing Vessels
5) By End-User Channel: Power, Oil And Gas, Food And Beverages, Pharmaceuticals, Chemicals, Other End-User Channels
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/pressure-vessel-global-market-report
Which Key Companies Are Operating in the Pressure Vessel Market?
Notable companies operating in the pressure vessel market include General Electric Company, Larsen & Toubro, Mitsubishi Hitachi Power Systems, Hitachi Zosen, Bharat Heavy Electricals Limited, Samuel Pressure Vessel Group, and Halvorsen Company among others.
What Are the Emerging Trends in the Pressure Vessel Market?
Technological innovation is a key trend gaining popularity in the pressure vessel market. Companies are focusing on integrating smarter and safer systems for better design and analysis to gain a competitive edge.
Which Region Is Set to Grow Fastest in the Pressure Vessel Market?
North America was the largest region in the pressure vessel market in 2024, followed by Western Europe. The pressure vessel market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Pressure Vessel Market Report 2025 Offer?
The Pressure Vessel Market research report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Pressure vessels are containers designed to hold gases or liquids at a pressure substantially different from the ambient pressure.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8567
About The Business Research Company
The Business Research Company, with over 15000+ reports from 27 industries covering 60+ geographies, has built a reputation for offering comprehensive, data-rich research and insights. With 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders, you can obtain the information you need to stay ahead.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
