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:
- 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
Growth momentum & CAGR
Accelerate at a CAGR of 5%
Market growth 2021-2025
USD 44.60 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 50%
Key consumer countries
China, US, Japan, Italy, and Australia
Leading companies, competitive strategies, consumer engagement scope
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.
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
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