Pressure Vessel Market | Trends & Forecast | 2019-2024

1. Presents a Research Report on Pressure Vessel Market Pressure Vessel Market by Material Type (Steel Alloys, Other Alloys, and Composites), by Type (Boilers, Nuclear Reactors, Separators, and Others), by End-User Industry Type (Oil & Gas, Chemicals, Power Generation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Pressure Vessel Market: Highlights Growth and Forecast Highlights & Drivers • The pressure vessel market is likely to witness an impressive CAGR of 4.7% during the forecast period. • Rapid industrialization and enormous demand for electricity are the prime factors that proliferate the pressure vessel market globally. Significant investment towards renewable energy in Asia-pacific and North America to meet growing demand for power supply is expected to boost the demand for pressure vessels in the coming five years. • Market Insights • By Type • The pressure vessel market is segmented as boilers, nuclear reactors, separators, and others. Boilers are expected to remain the largest segment of the market during the forecast period, owing to a huge demand for boilers in power generation plants to produce electricity. • Asia-Pacific is expected to contribute immensely towards the growth of the boilers segment, owing to a rapid industrialization and significant economic development in the emerging Asian economies mainly in China and India. • By End-use-Industry • Power plant is projected to remain the largest segment of the market, driven by an incessant increase in the demean for power due to increasing population. The chemicals segment is estimated to witness the highest growth in the coming years, driven by an increased demand for specialty chemicals. The oil & gas segment is also likely to generate a healthy demand for pressure vessels in the coming five years.

3. Market Insights • By Region • Asia-Pacific is expected to lead the market for pressure vessels during the forecast period. • The surge in the demand for electricity to meet requirements of expanding industrial, commercial, and residential sectors is the key factor behind the extraordinary growth of the region. Europe and North America are the other two major markets with substantial growth opportunities, owing to ongoing economic recovery in both of the markets.

4. Competitive Insights • Some of the major pressure vessel manufacturers are Babcock and Wilcox Enterprises, Inc., Doosan Heavy Industries & Construction Co., Ltd., Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Dongfang Electric Machinery Co., Ltd., General Electric Company, IHI Corporation, Samuel Pressure Vessel Group, and Westinghouse Electric Company LLC. • Key Companies Analysed • Babcock and Wilcox Enterprises, Inc. • Doosan Heavy Industries & Construction Co., Ltd • Mitsubishi Heavy Industries, Ltd. • Bharat Heavy Electricals Limited • Larsen & Toubro Limited • DongfangElectric Machinery Co., Ltd. • General Electric Company • IHI Corporation • Samuel Pressure Vessel Group • Westinghouse Electric Company LLC.

5. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

6. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

7. Market Segmentation • By Material Type • Steel Alloys • Other Alloys • Composites • By Type • Boilers • Nuclear Reactors • Separators • Others • By Engine Type • Oil & Gas • Chemicals • Power Generation • Others • By Region • North America • Europe • Asia-Pacific • Rest of the World

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