Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global High Pressure Vessels Market by Type (Titanium, Steel, Stainless Steel, Nickel Material, Zirconium, Composite Material), By Application (Petrochemical, Chemical, Coal Chemical, Nuclear Power, Non-ferrous Metal, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global High Pressure Vessels Market by Type (Titanium, Steel, Stainless Steel, Nickel Material, Zirconium, Composite Material), By Application (Petrochemical, Chemical, Coal Chemical, Nuclear Power, Non-ferrous Metal, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 194665 3300 Machinery & Equipment 377 237 Pages 4.5 (40)
                                          

Market Overview:


The global high pressure vessels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high pressure vessels from various end-use industries, such as petrochemical, chemical, coal chemical, nuclear power and non-ferrous metal. In addition, the growing demand for composite material high pressure vessels is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, titanium high pressure vessels are expected to dominate the global high pressure vessels market during 2018-2030 owing to their properties such as light weight and corrosion resistance.


Global High Pressure Vessels Industry Outlook


Product Definition:


A high pressure vessel is a container that is designed to hold and contain fluids or gases at a pressure higher than atmospheric pressure. High pressure vessels are important because they allow for the safe and efficient transport and storage of high-pressure fluids or gases.


Titanium:


Titanium is a metal that is strong, lightweight and corrosion resistant. It has the highest strength of all rare metals. Titanium dioxide or titanium metal oxide is used in high-pressure vessels manufacturing on account of its properties as an excellent barrier material against gases and moisture. The demand for H PVs has been growing at a rapid pace over the past few years owing to their increasing application in end-use industries such as construction, automotive & transportation, electronics & electrical and packaging among others.


Steel:


Steel is a metal and has different properties for different applications. It can be used in the manufacturing of pressure vessels, tanks, storage tanks, pipes & fittings and other components. The key properties that are required in high pressure vessels are ductility & strength and corrosion resistance.


Application Insights:


High pressure vessels are used in various industries including oil & gas, chemical, coal chemical, nuclear power and others. The oil & gas industry dominated the global market in terms of revenue share held by 2017. High-pressure technologies are widely used for processing crude oil into petroleum products such as gasoline and diesel fuel at a refinery with minimal energy loss or contamination.


The demand for high-pressure equipment is expected to increase significantly over the forecast period owing to its use in numerous applications across diverse industries worldwide. These include food & beverage (such as distillation columns), paper mills, cement plants (for slurry feeders), steel mills (for blast furnace fans) and many more industrial applications that require HVAC services from specialty manufacturers of equipment only.


Regional Analysis:


Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction of power plants and chemical manufacturing facilities in China, India, Japan, South Korea, Taiwan and other countries. In addition, rising demand for energy due to growing population will drive high pressure vessels market in Asia Pacific region.


Europe was estimated as the second-largest regional market in 2017 owing to presence of major steel producers such as Uralchem Corporation and Severstal with production capacities higher than 300 thousand tons per year. North America also has a significant share owing to large number of nuclear reactors being constructed across U.S., which require high pressure vessels for cooling purposes at reactor core level (generally known as PWRs).


Growth Factors:


  • Increasing demand for high pressure vessels in various end-use industries such as oil & gas, chemical, and petrochemical is expected to drive the market growth.
  • Growing investments in the upstream sector coupled with increasing exploration and production activities is anticipated to boost the demand for high pressure vessels over the forecast period.
  • Technological advancements in manufacturing processes of high pressure vessels are projected to fuel the market growth during the forecast period.
  • Rising concerns pertaining to safety and environment are likely to propel the adoption of high pressure vessels across various industries over next few years .

Scope Of The Report

Report Attributes

Report Details

Report Title

High Pressure Vessels Market Research Report

By Type

Titanium, Steel, Stainless Steel, Nickel Material, Zirconium, Composite Material

By Application

Petrochemical, Chemical, Coal Chemical, Nuclear Power, Non-ferrous Metal, Others

By Companies

Mersen, Hexagon xperion, Parr Instrument, Autoclave Engineers, LPP Group, Premex Solutions, Top Industrie, NK, ATB, Pentair, Amar Equipment, Berghof-instruments, HEL, THVOW, CIMC Enric, CFHI, Dlian Tongda

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

237

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global High Pressure Vessels Market Report Segments:

The global High Pressure Vessels market is segmented on the basis of:

Types

Titanium, Steel, Stainless Steel, Nickel Material, Zirconium, Composite Material

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Petrochemical, Chemical, Coal Chemical, Nuclear Power, Non-ferrous Metal, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Mersen
  2. Hexagon xperion
  3. Parr Instrument
  4. Autoclave Engineers
  5. LPP Group
  6. Premex Solutions
  7. Top Industrie
  8. NK
  9. ATB
  10. Pentair
  11. Amar Equipment
  12. Berghof-instruments
  13. HEL
  14. THVOW
  15. CIMC Enric
  16. CFHI
  17. Dlian Tongda

Global High Pressure Vessels Market Overview


Highlights of The High Pressure Vessels Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Titanium
    2. Steel
    3. Stainless Steel
    4. Nickel Material
    5. Zirconium
    6. Composite Material
  1. By Application:

    1. Petrochemical
    2. Chemical
    3. Coal Chemical
    4. Nuclear Power
    5. Non-ferrous Metal
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the High Pressure Vessels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global High Pressure Vessels Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


High pressure vessels are used to store and transport liquids, gases, or other substances at high pressures.

Some of the major players in the high pressure vessels market are Mersen, Hexagon xperion, Parr Instrument, Autoclave Engineers, LPP Group, Premex Solutions, Top Industrie, NK, ATB, Pentair, Amar Equipment, Berghof-instruments, HEL, THVOW, CIMC Enric, CFHI, Dlian Tongda.

The high pressure vessels market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. High Pressure Vessels Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. High Pressure Vessels Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. High Pressure Vessels Market - Supply Chain
   4.5. Global High Pressure Vessels Market Forecast
      4.5.1. High Pressure Vessels Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. High Pressure Vessels Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. High Pressure Vessels Market Absolute $ Opportunity

5. Global High Pressure Vessels Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. High Pressure Vessels Market Size and Volume Forecast by Type
      5.3.1. Titanium
      5.3.2. Steel
      5.3.3. Stainless Steel
      5.3.4. Nickel Material
      5.3.5. Zirconium
      5.3.6. Composite Material
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global High Pressure Vessels Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. High Pressure Vessels Market Size and Volume Forecast by Application
      6.3.1. Petrochemical
      6.3.2. Chemical
      6.3.3. Coal Chemical
      6.3.4. Nuclear Power
      6.3.5. Non-ferrous Metal
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global High Pressure Vessels Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. High Pressure Vessels Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global High Pressure Vessels Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. High Pressure Vessels Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global High Pressure Vessels Demand Share Forecast, 2019-2026

9. North America High Pressure Vessels Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America High Pressure Vessels Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America High Pressure Vessels Market Size and Volume Forecast by Application
      9.4.1. Petrochemical
      9.4.2. Chemical
      9.4.3. Coal Chemical
      9.4.4. Nuclear Power
      9.4.5. Non-ferrous Metal
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America High Pressure Vessels Market Size and Volume Forecast by Type
      9.7.1. Titanium
      9.7.2. Steel
      9.7.3. Stainless Steel
      9.7.4. Nickel Material
      9.7.5. Zirconium
      9.7.6. Composite Material
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America High Pressure Vessels Demand Share Forecast, 2019-2026

10. Latin America High Pressure Vessels Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America High Pressure Vessels Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America High Pressure Vessels Market Size and Volume Forecast by Application
      10.4.1. Petrochemical
      10.4.2. Chemical
      10.4.3. Coal Chemical
      10.4.4. Nuclear Power
      10.4.5. Non-ferrous Metal
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America High Pressure Vessels Market Size and Volume Forecast by Type
      10.7.1. Titanium
      10.7.2. Steel
      10.7.3. Stainless Steel
      10.7.4. Nickel Material
      10.7.5. Zirconium
      10.7.6. Composite Material
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America High Pressure Vessels Demand Share Forecast, 2019-2026

11. Europe High Pressure Vessels Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe High Pressure Vessels Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe High Pressure Vessels Market Size and Volume Forecast by Application
      11.4.1. Petrochemical
      11.4.2. Chemical
      11.4.3. Coal Chemical
      11.4.4. Nuclear Power
      11.4.5. Non-ferrous Metal
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe High Pressure Vessels Market Size and Volume Forecast by Type
      11.7.1. Titanium
      11.7.2. Steel
      11.7.3. Stainless Steel
      11.7.4. Nickel Material
      11.7.5. Zirconium
      11.7.6. Composite Material
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe High Pressure Vessels Demand Share, 2019-2026

12. Asia Pacific High Pressure Vessels Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific High Pressure Vessels Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific High Pressure Vessels Market Size and Volume Forecast by Application
      12.4.1. Petrochemical
      12.4.2. Chemical
      12.4.3. Coal Chemical
      12.4.4. Nuclear Power
      12.4.5. Non-ferrous Metal
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific High Pressure Vessels Market Size and Volume Forecast by Type
      12.7.1. Titanium
      12.7.2. Steel
      12.7.3. Stainless Steel
      12.7.4. Nickel Material
      12.7.5. Zirconium
      12.7.6. Composite Material
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific High Pressure Vessels Demand Share, 2019-2026

13. Middle East & Africa High Pressure Vessels Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa High Pressure Vessels Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa High Pressure Vessels Market Size and Volume Forecast by Application
      13.4.1. Petrochemical
      13.4.2. Chemical
      13.4.3. Coal Chemical
      13.4.4. Nuclear Power
      13.4.5. Non-ferrous Metal
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa High Pressure Vessels Market Size and Volume Forecast by Type
      13.7.1. Titanium
      13.7.2. Steel
      13.7.3. Stainless Steel
      13.7.4. Nickel Material
      13.7.5. Zirconium
      13.7.6. Composite Material
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa High Pressure Vessels Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global High Pressure Vessels Market: Market Share Analysis
   14.2. High Pressure Vessels Distributors and Customers
   14.3. High Pressure Vessels Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Mersen
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Hexagon xperion
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Parr Instrument
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Autoclave Engineers
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. LPP Group
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Premex Solutions
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Top Industrie
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. NK
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. ATB
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Pentair
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Amar Equipment
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Berghof-instruments
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. HEL
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. THVOW
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. CIMC Enric
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. CFHI
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Dlian Tongda
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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