Seamless Pressure Vessels Market was valued at USD 15.3 Billion in 2022 and is projected to reach USD 23.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global seamless pressure vessels market was valued at approximately USD 12.5 billion in 2022. The market is anticipated to witness a robust compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This growth is driven by increasing demand across various industries such as oil and gas, chemicals, and pharmaceuticals, which require high-strength and durable pressure vessels for safe and efficient operations. The rising adoption of seamless pressure vessels in emerging applications, including renewable energy storage and advanced manufacturing processes, is further contributing to the market's expansion.Emerging markets, particularly in Asia-Pacific and Latin America, are presenting significant opportunities for growth due to rapid industrialization and infrastructure development. The expansion of petrochemical and chemical industries in these regions is expected to drive substantial demand for seamless pressure vessels. Additionally, advancements in materials and manufacturing technologies are creating new avenues for market players to explore, fostering innovation and improving product performance. This evolving landscape is poised to enhance market dynamics and drive further investments in seamless pressure vessel technologies.
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Babcock & Wilcox
Mitsubishi Power
General Electric
LARSEN & TOURBO
Hitachi Zosen
ASME
IHI Corporation
Samuel
Pentair
Bumhan Mecatec
Dongfang Turbine
Bharat Heavy Electricals
Westinghouse Electric
Halvorsen
McDermott
GMM Pfaudler
VI Flow
Gladwin Tank
Robinson Pipe & Vessel
Alfa Laval
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Seamless Pressure Vessels Market
Power
Oil & Gas
Food & Beverages
Pharmaceuticals
Chemicals
Others
Based on Types the Market is categorized into Below types that held the largest Seamless Pressure Vessels market share In 2023.
Fired Pressure Vessels
Unfired Pressure Vessels
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Seamless Pressure Vessels Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Seamless Pressure Vessels Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Seamless Pressure Vessels Market, By Type
6. Global Seamless Pressure Vessels Market, By Application
7. Global Seamless Pressure Vessels Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Seamless Pressure Vessels Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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