Europe Welded Steel Cylinder Market was valued at USD 2.00 Billion in 2022 and is projected to reach USD 2.90 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The Europe Welded Steel Cylinder Market is experiencing significant growth, driven by its widespread use across various industries. These cylinders are primarily used for storing and transporting gases, including oxygen, nitrogen, and carbon dioxide. As industries such as automotive, healthcare, and energy continue to expand, the demand for welded steel cylinders has been rising steadily. Welded steel cylinders are prized for their durability, strength, and ability to withstand high pressure, making them essential in sectors that require safe and efficient gas storage and transportation solutions.
Among the types of welded steel cylinders, the most common are seamless and welded cylinders, with the latter being particularly popular for use in industrial applications due to their cost-effectiveness and reliability. These cylinders are manufactured with steel that is welded together to form a strong, leak-proof vessel capable of holding gases at high pressures. The automotive industry, for instance, heavily relies on these cylinders for compressed natural gas (CNG) storage in vehicles. Similarly, the healthcare industry uses welded steel cylinders for the storage of medical gases, which are vital for patient care.
The energy sector is another major driver of demand, especially with the growth of renewable energy sources such as wind and solar power. Welded steel cylinders are used in various applications, including storing pressurized gases for energy generation and storage solutions. The trend towards renewable energy has accelerated the need for advanced gas storage solutions, thus driving the market for welded steel cylinders in Europe.
Moreover, the growing importance of safety standards and regulations regarding the transportation of gases has led industries to favor welded steel cylinders over alternatives. The cylinders’ ability to maintain structural integrity under extreme conditions ensures compliance with stringent safety protocols.
As industries evolve, the demand for high-quality welded steel cylinders continues to rise, with manufacturers focusing on improving production processes to meet the increasing requirements from these diverse sectors. With ongoing technological advancements and the increasing need for secure gas storage and transportation, the Europe Welded Steel Cylinder Market is set to witness continued growth in the coming years.
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Arntzen Corporation
Halvorsen USA
Sing Swee Bee Enterprise Pte Ltd
AP-Tela Oy
SOLINES
Metal Mate
AGIROSSI GmbH
TFL
Peninsular Cylinder
Co.
QINGDAO FORTERRA GAS CO.
LTD.
Shanghai Ronghua High-Pressure Veseel Co.
Ltd.
Zhejiang Kin-shine Technology Co.
Ltd
Hubei Daly LPG Cylinder Manufacturer
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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 Europe Welded Steel Cylinder Market
Standard Welded Steel Cylinders
Customized Welded Steel Cylinders
High-Pressure Welded Steel Cylinders
Low-Pressure Welded Steel Cylinders
Specialty Welded Steel Cylinders
Aerospace
Automotive
Construction
Oil & Gas
Manufacturing
Medical
Utilities
Small Diameter Cylinders (up to 6 inches)
Medium Diameter Cylinders (6 to 12 inches)
Large Diameter Cylinders (above 12 inches)
Storage
Transport
Pressure Systems
Gas Supply and Distribution
Hydraulic Systems
Uncoated Welded Steel Cylinders
Galvanized Welded Steel Cylinders
Painted Welded Steel Cylinders
Epoxy Coated Welded Steel Cylinders
Specialty Coated Welded Steel Cylinders
US (United States, US 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 Europe Welded Steel Cylinder 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. Europe Welded Steel Cylinder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Welded Steel Cylinder Market, By Type
6. Europe Welded Steel Cylinder Market, By Application
7. Europe Welded Steel Cylinder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Welded Steel Cylinder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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