Pressure Vessel Market Analysis 2020 Research ReportPosted by Abhijeet Bendre on January 21st, 2020 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 Market Scenario: 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, non-destructive testing and under the guidelines of government, have reduced the pressure vessel related accidents. The Pressure Vessel Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
Study Objectives of Global Pressure Vessel Market:
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. Key Players: 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. Table Of Contents 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Definition 2.2.2 Research Objective 2.2.3 Assumptions 2.2.4 Limitations 2.3 Research Process 2.3.1 Primary Research 2.3.2 Secondary Research 2.4 Market Size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.1.1 Threat Of New Entrants 3.1.2 Bargaining Power Of Buyers 3.1.3 Threat Of Substitutes 3.1.4 Segment Rivalry 3.1.5 Bargaining Power Of Buyers 3.2 Value Chain/Supply Chain Analysis Continued… About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Info: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Pune, India., sales@marketresearchfuture.com Phone: +1 646 845 9312 Like it? Share it!More by this author |