Global Pressure Vessels Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

The Global Pressure Vessels Market has been segmented by Material, Product, End-Use, and Geography, and specifications for pressure vessel usage worldwide. One primary segmentation criterion is based on the material used in the construction of pressure vessels, which includes metals such as steel, stainless steel, aluminum, and alloys, as well as non-metallic materials such as composites and plastics. Steel remains the predominant material choice for pressure vessels due to its high strength, durability, and compatibility with a wide range of operating conditions. Stainless steel, in particular, is favored for its corrosion resistance and hygiene properties, making it suitable for applications in industries such as food and beverage, pharmaceuticals, and water treatment. Additionally, advancements in composite materials offer lightweight and corrosion-resistant alternatives for specialized applications in aerospace, automotive, and marine sectors, driving innovation and diversification in the global pressure vessels market.

Global pressure vessels market is based on the type of pressure vessel, which includes categories such as storage vessels, process vessels, boiler vessels, and transport vessels. Storage vessels are designed to store liquids, gases, or other substances under pressure, serving as reservoirs for raw materials, intermediates, or finished products in industries such as oil and gas, chemicals, and manufacturing. Process vessels, on the other hand, are used for chemical reactions, heat exchange, and other processing operations, requiring specialized designs and materials to withstand aggressive chemicals, high temperatures, and pressure fluctuations. Boiler vessels play a crucial role in power generation, converting water into steam for various industrial and commercial applications, while transport vessels are used for transporting pressurized substances safely and efficiently via pipelines, tankers, or railcars, supporting logistics operations in sectors such as energy, chemicals, and commodities trading.

Pressure vessels market reflects the multifaceted nature of pressure vessel usage across industries, materials, types, and geographical regions. By understanding and catering to different segmentation criteria, pressure vessel manufacturers, suppliers, and end-users can identify opportunities, address challenges, and optimize their strategies to support safe, efficient, and sustainable industrial operations worldwide.

Global Pressure Vessels Segment Analysis

In this report, the Global Pressure Vessels Market has been segmented by Material, Product, End-Use, and Geography.

Global Pressure Vessels Market, Segmentation by Material

The Global Pressure Vessels Market has been segmented by Material into Hastelloy, Titanium, Nickel & Nickel Alloys, Tantalum, Steel, and Others.

Nickel and nickel alloys constitute another significant material segment in the global pressure vessels market, offering excellent resistance to corrosion, oxidation, and high temperatures in industries such as oil and gas, power generation, and nuclear reactors. Tantalum and stainless steel are preferred materials for pressure vessels requiring hygiene, purity, and corrosion resistance, such as food and beverage processing, pharmaceuticals, and semiconductor manufacturing. Duplex steel and super duplex steel combine the benefits of austenitic and ferritic stainless steels, offering high strength, corrosion resistance, and toughness in aggressive environments such as offshore oil and gas production, chemical processing, and marine applications.

Carbon steel remains a widely used material for pressure vessels, particularly in applications where cost-effectiveness, strength, and availability are prioritized, such as water treatment, HVAC systems, and industrial boilers. Despite its susceptibility to corrosion, carbon steel can be protected through coatings, linings, or cathodic protection methods, making it suitable for a wide range of industrial and commercial applications. Additionally, pressure vessels made from other materials such as aluminum, copper, and composites cater to specialized applications in industries such as aerospace, automotive, and renewable energy, where lightweight, corrosion resistance, and thermal stability are paramount.

Pressure vessels market by material underscores the importance of selecting the appropriate material to ensure the performance, longevity, and safety of pressure vessel systems across diverse industries and applications. By understanding the unique properties and characteristics of different materials, pressure vessel manufacturers, engineers, and end-users can make informed decisions regarding material selection, fabrication methods, and maintenance strategies to meet regulatory requirements, industry standards, and operational needs effectively.

Global Pressure Vessels Market, Segmentation by Product

The Global Pressure Vessels Market has been segmented by Product into Boiler, Nuclear Reactor, Separator, and Others.

Boilers represent essential equipment used in a wide array of industries for generating steam or hot water for heating, power generation, and industrial processes. They are integral to facilities such as power plants, refineries, chemical processing plants, and manufacturing facilities. Boilers utilize fuels such as coal, natural gas, oil, or biomass to produce heat energy, which is then transferred to water or steam to meet process requirements. The global demand for boilers is driven by factors such as industrialization, urbanization, energy demand, and environmental regulations, with emerging technologies focusing on efficiency improvements, emissions reduction, and renewable energy integration.

Nuclear reactors are advanced engineering systems designed to initiate and control nuclear reactions for generating electricity, producing heat for industrial processes, and conducting research. They harness the energy released from nuclear fission or fusion reactions to generate heat, which is then converted into electricity using steam turbines and generators. Nuclear reactors are utilized in nuclear power plants, research facilities, and medical isotope production facilities. The global nuclear reactor market is influenced by factors such as energy demand, environmental concerns, safety regulations, and technological advancements in reactor design, materials, and safety systems.

Separators are critical equipment used in various industries for separating mixtures of liquids, gases, or solids into distinct components based on their properties such as density, viscosity, or size. They play essential roles in processes such as oil and gas production, chemical processing, wastewater treatment, and food and beverage production. Separators can be classified into different types such as centrifugal separators, membrane separators, cyclonic separators, and gravity separators, each tailored to specific applications and separation requirements. The global demand for separators is driven by factors such as industrialization, population growth, environmental regulations, and technological advancements in separation technologies.

Global Pressure Vessels Market, Segmentation by End-Use

The Global Pressure Vessels Market has been segmented by End-Use into Chemicals & Petrochemicals, Oil & Gas, Power Generation, and Others.

The chemicals and petrochemicals industry represents a significant end-use sector for industrial equipment, encompassing facilities involved in the production of a wide range of chemicals, plastics, and synthetic materials. Industrial equipment utilized in this sector includes reactors, distillation columns, heat exchangers, pumps, valves, and storage tanks. These equipment play vital roles in processes such as chemical synthesis, refining, distillation, separation, and material handling. The global demand for industrial equipment in the chemicals and petrochemicals industry is driven by factors such as market demand for chemical products, technological advancements, regulatory compliance, and industry-specific trends such as the shift towards sustainable and green chemistry practices.

The oil and gas industry is another major end-user of industrial equipment, encompassing activities such as exploration, production, refining, transportation, and distribution of petroleum products and natural gas. Industrial equipment utilized in this sector includes drilling rigs, pumps, compressors, separators, heat exchangers, pipelines, and storage tanks. These equipment play crucial roles in processes such as drilling, extraction, processing, refining, and transportation of hydrocarbons. The global demand for industrial equipment in the oil and gas industry is influenced by factors such as oil and gas prices, geopolitical dynamics, technological advancements in exploration and production techniques, regulatory compliance, and environmental considerations.

The power generation sector encompasses facilities involved in the production of electricity from various energy sources such as fossil fuels, nuclear, renewable energy, and hydroelectric power. Industrial equipment utilized in this sector includes boilers, turbines, generators, transformers, cooling towers, and transmission infrastructure. These equipment play essential roles in processes such as electricity generation, distribution, and transmission. The global demand for industrial equipment in the power generation sector is driven by factors such as energy demand, electricity consumption patterns, government policies and incentives for renewable energy deployment, technological advancements in power generation technologies, and environmental regulations aimed at reducing emissions and promoting cleaner energy sources.

Global Pressure Vessels Market, Segmentation by Geography

In this report, the Global Pressure Vessels Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Pressure Vessels Market Share (%), by Geographical Region, 2024

North America commands a significant portion of the market share, driven by established industries such as oil and gas, chemicals, and power generation, as well as stringent safety standards and environmental regulations governing pressure vessel usage. The region's mature market infrastructure, coupled with technological advancements and investments in infrastructure upgrades, positions it as a leading contributor to the global pressure vessels market.

Europe holds a substantial share of the pressure vessels market, characterized by a sophisticated manufacturing sector, robust infrastructure, and a strong emphasis on sustainability and safety standards. European countries prioritize investments in renewable energy, petrochemicals, and infrastructure projects, driving demand for pressure vessels across industries such as energy, chemicals, and transportation. Moreover, the region's focus on innovation, research, and development further strengthens its position in the global pressure vessels market, fostering collaboration between industry stakeholders and academic institutions to drive technological advancements and market growth.

Asia-Pacific emerges as a key growth region for the global pressure vessels market, fueled by rapid industrialization, urbanization, and infrastructure development in countries such as China, India, and Southeast Asian nations. The region's expanding manufacturing base, rising energy demand, and increasing investments in renewable energy, petrochemicals, and infrastructure projects drive demand for pressure vessels across industries, creating opportunities for manufacturers, suppliers, and service providers to expand their presence and meet evolving market demands. Additionally, government initiatives to promote manufacturing, improve logistics infrastructure, and enhance product quality and safety contribute to market growth in Asia-Pacific, further solidifying its position as a significant contributor to the global pressure vessels market.

Latin America and the Middle East & Africa regions present opportunities for market expansion in the global pressure vessels market, characterized by growing industrialization, infrastructure investments, and increasing demand for energy and commodities. Despite facing challenges related to economic volatility, political instability, and regulatory constraints, these regions exhibit demand for pressure vessels in industries such as oil and gas, chemicals, and water treatment, driven by infrastructure development projects, urbanization, and industrialization efforts. Moreover, the adoption of renewable energy technologies, environmental initiatives, and safety regulations contribute to market growth in Latin America and the Middle East & Africa, creating opportunities for pressure vessel manufacturers and suppliers to expand their presence and meet evolving market demands.

This report provides an in depth analysis of various factors that impact the dynamics of Global Pressure Vessels Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Industrial Expansion
• Energy Sector Growth
• Technological Advancements

• Increased Infrastructure Investments - Increased infrastructure investments represent a significant opportunity for the global pressure vessels market, driving demand for a wide range of applications across various industries. Infrastructure projects, including construction of roads, bridges, airports, ports, and utilities, require the use of pressure vessels for storing, transporting, and processing gases and liquids. As governments and private entities invest in infrastructure development to support economic growth and urbanization, the demand for pressure vessels is expected to rise significantly, presenting lucrative opportunities for manufacturers and suppliers in the market.

  Infrastructure investments in sectors such as energy, oil and gas, and petrochemicals are driving demand for large-scale pressure vessels used in power generation, oil refining, and chemical processing plants. Pressure vessels play a critical role in these industries for storing and transporting compressed gases, liquefied gases, and volatile liquids under high pressure and temperature conditions. With increasing investments in energy infrastructure, including renewable energy projects, liquefied natural gas (LNG) terminals, and hydrogen storage facilities, the demand for pressure vessels is expected to grow substantially, particularly for applications requiring large-capacity and high-performance vessels.

  Pressure vessels market. Rapid urbanization, industrialization, and population growth in these regions are driving demand for new infrastructure projects, including transportation networks, water treatment facilities, and manufacturing plants. Pressure vessels are essential components in these projects for storing and processing gases, liquids, and chemicals, supporting various industrial processes and applications. As governments and private investors allocate funds towards infrastructure development to address growing urbanization and modernization needs, the demand for pressure vessels is expected to increase, creating opportunities for market expansion and growth in emerging economies.

Restraints

• High Manufacturing Costs
• Stringent Regulatory Standards
• Volatility in Raw Material Prices

• Safety Concerns - Safety concerns represent a critical challenge for the global pressure vessels market, as failure or malfunction of pressure vessels can result in serious accidents, injuries, and environmental hazards. Pressure vessels operate under extreme conditions of pressure, temperature, and stress, making them susceptible to mechanical failures, corrosion, and fatigue over time. Safety regulations and standards set by regulatory authorities, such as the American Society of Mechanical Engineers (ASME) and the European Pressure Equipment Directive (PED), govern the design, fabrication, inspection, and operation of pressure vessels to ensure their safe and reliable performance.

  Manufacturers and users of pressure vessels must adhere to stringent safety standards and protocols throughout the vessel's lifecycle, from design and construction to operation and maintenance. This includes conducting thorough risk assessments, quality control inspections, and non-destructive testing (NDT) techniques to detect defects and ensure structural integrity. Additionally, pressure vessels must be equipped with safety devices, such as relief valves, rupture discs, and pressure gauges, to prevent overpressurization and release excess pressure in the event of an emergency.

  Safety concerns surrounding pressure vessels extend beyond mechanical failures to include environmental and health risks associated with the materials and substances stored or processed in the vessels. Pressure vessels used in industries such as oil and gas, chemical processing, and nuclear power generation handle hazardous substances that pose risks of leaks, spills, and contamination if not properly contained and controlled. Therefore, proper handling, storage, and disposal of hazardous materials are essential to mitigate environmental impacts and ensure worker safety.

Opportunities

• Emerging Markets Growth
• Technological Innovations
• Renewable Energy Investments

• Expansion of Chemical Processing Plants - The expansion of chemical processing plants presents significant opportunities for the global pressure vessels market, driving demand for vessels used in various chemical manufacturing processes. Chemical processing plants rely on pressure vessels for storing, mixing, heating, and reacting chemicals under controlled conditions of pressure and temperature. As demand for chemicals continues to grow in sectors such as pharmaceuticals, plastics, and specialty chemicals, chemical manufacturers are investing in capacity expansions and new production facilities, leading to increased demand for pressure vessels.

  Chemical processing plants is the growing demand for specialty chemicals and advanced materials used in various industries, including automotive, electronics, and healthcare. Specialty chemicals require specialized processing techniques and equipment, including pressure vessels designed to handle corrosive, abrasive, or high-purity substances. As industries seek to develop new products and technologies to meet evolving consumer demands and regulatory requirements, chemical manufacturers are expanding their production capacities and investing in advanced processing equipment, including pressure vessels tailored to specific applications.

  Chemical processing plants is driven by advancements in process technologies and manufacturing techniques, enabling more efficient and sustainable production methods. Pressure vessels play a critical role in modern chemical processing plants for implementing advanced reaction, separation, and purification processes, such as distillation, crystallization, and extraction. As manufacturers adopt innovative technologies to improve product quality, reduce energy consumption, and minimize environmental impacts, the demand for specialized pressure vessels capable of operating under precise and demanding conditions is expected to increase.

Key players in Global Pressure Vessels Market include :

• IHI Corp
• Babcock
• Wilcox Enterprises
• Pressure Vessels
• Mitsubishi Hitachi
• Samuel

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis