Progressive markets

Pressure Vessel Market Performance to Soar Globally During Forecast Period 2017 to 2025

Pressure Vessel Industry Press Release


Portland, OR -- (SBWIRE) -- 10/06/2017 -- According to a recent report published by Progressive Markets on the energy and power sector, which titled, "Global Pressure Vessel Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", the industry is expected to register a CAGR of 6.5% during the period, 2017–2025. It is suitable for manufacturers and stakeholders owing to comprehensive analysis it offers of factors that increase or decrease growth of the market.

Based on types, the study segments the global pressure vessel market into boilers, separators, and nuclear reactors. It splits materials into online alloys and steel alloys. According to it, the industry finds its end-users in chemicals, power, and oil & gas. Geographically, it segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific. The research analyzes share of the industry by types, materials, end-users, and geographies during the period, 2014–2025. It assesses market size of each product type, material, and end-user by region for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all countries of the industry during historic period and forecast period.

The analysts describe features that cause slow progress of the global pressure vessels market, such as slow growth of mining industry and decrease in upstream oil & gas industry. Moreover, the study offers key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides comprehensive evaluation of aspects that have potential to restrict or drive the industry.

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The study discusses big market players of the global pressure vessel market, such as Abbott, Babcock and Wilcox Enterprises Inc., Aeron Composite Pvt. Ltd., Barton Firtop Engineering Co., Ltd, Doosan Heavy Industries & Construction, Bharat Heavy Electricals Ltd., Larsen & Toubro Ltd., Mitsubishi Heavy Industries, Ltd., Samuel Pressure Vessels, and Pressure Vessels India. It offers brief introduction of every manufacturer. Further, it analyzes business and finance segment of each company. It also evaluates recent advancements made by every firm. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include increase in potential of power generation. It discusses alternate aspects that propel demand of the industry, such as rise in chemical industry in the developing countries.

The research gives a brief introduction of the global pressure vessel market in terms of its scope. It offers summary which includes significant findings, market attractiveness, competitive landscape, recent developments, and trend analysis. It incorporates research methodology, such as Porter's Five Forces Analysis (PFFA) to understand rivalry in the industry. This also includes bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into types, materials, end-users, and geographies.

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