Pressure Vessels Market Records a CAGR of 5% by 2025 | Samuel Son & Co. Ltd. and IHI Corp. among Key Market Contributors | 17000+ Technavio Reports

NEW YORK, Oct. 14, 2021 /PRNewswire/ —
The pressure vessels market is set…

NEW YORK, Oct. 14, 2021 /PRNewswire/ —

The pressure vessels market is set to grow by USD 44.60 billion from 2021 to 2025, progressing at a CAGR of 5% according to the latest market report by Technavio.

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The pressure vessels market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The augmentation of coal capacities and revival of nuclear power plants in Japan is expected to have a positive impact on the growth of the pressure vessels market during the forecast period.

Technavio analyzes the market by End-user (Power Generation, Chemicals, Oil and gas, and Others) and Geography (APAC, Europe, North America, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The pressure vessels market covers the following areas:

Companies Mentioned

  • IHI Corp.
  • Kelvion Holding GmbH
  • KNM Group Berhad
  • Kobe Steel Ltd.
  • Larsen and Toubro Ltd.
  • McDermott International Inc.
  • Mersen Corporate Services SAS
  • Mitsubishi Heavy Industries Ltd.
  • Samuel Son & Co. Ltd.
  • The Japan Steel Works Ltd.

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Pressure Vessels Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

USD 44.60 billion

Market structure

Fragmented

YoY growth (%)

3.92

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Japan, Italy, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

IHI Corp., Kelvion Holding GmbH, KNM Group Berhad, Kobe Steel Ltd., Larsen and Toubro Ltd., McDermott International Inc., Mersen Corporate Services SAS, Mitsubishi Heavy Industries Ltd., Samuel Son & Co. Ltd., and The Japan Steel Works Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio