Manufacturing Industry Today

Pressure Vessels Market 2018 Segment by Manufacturers: Halliburton, Kelvion

Pressure Vessels Market Competitive Analysis, Trends and Forecast till 2021, with free sample copy of the report.
Published 30 July 2018
Global Pressure Vessels Market 2018-2021” The report covers the present scenario and the growth prospects of the global pressure vessels market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of pressure vessels. 

Our analysts forecast the global Pressure Vessels market to grow at a CAGR of 5.19% during the period 2017-2021

A pressure vessel is a mechanical device that is designed to store liquids or gases at a specific pressure in a closed container. The pressure applied is considerably different from the ambient pressure. Pressure vessels are widely used in many industrial applications, and they generally appear as industrial compressed air receivers and domestic hot water storage tanks. In addition, they find their applications in the hydraulic and pneumatic reservoir under pressure, rail vehicle airbrake reservoir, and in storage vessels for liquefied gases, such as ammonia, chlorine, and liquid petroleum gas (LPG). 

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The market is divided into the following segments based on geography: Americas, APAC, EMEA

Companies Mentioned are: Alfa Laval, Amec Foster Wheeler, Halliburton, Kelvion, and Mitsubishi Hitachi.

Other Prominent Vendors in the market are: CB&I, IHI, Kobelco, MITSUBISHI HEAVY INDUSTRIES, L&T, Doosan Mecatec, KNM, Samuel Pressure Vessel, Mersen, JSW, BELLELI ENERGY, NK, Springs Fabrication, Hanson, Suzhou THVOW Technology, Sunpower Technology, CIMC, China First Heavy Industries, and Beijing Tianhai Industry.

Segmentation by product and analysis of the pressure vessels market- Boilers, Nuclear reactors, Separators

Competitive landscape and key vendors
The global pressure vessels market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as quality, features, functionalities, and services. The competitive environment in the market is witnessing an increase due to product extensions, technological innovations, and mergers and acquisitions.

Essential points covered in Global Pressure Vessels Market 2018 Research are:-
  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the Global Pressure Vessels market?
  • What are the key market trends impacting the growth of the Global Pressure Vessels market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Pressure Vessels market?
  • What are the market opportunities and threats faced by the vendors in the Global Pressure Vessels market?
  • What are the key outcomes of the five forces analysis of the Global Pressure Vessels market?
This independent 70 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Pressure Vessels market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Furthermore, the report provides a detailed analysis of the Global Pressure Vessels market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

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IndustryDataAnalytics Announces the Publication of its Research Report: Global Pressure Vessels Market 2018-2021

Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is development in petrochemical and chemical industry in India. Chemical manufacturing requires a complex series of processes from cooling, condensing, and heating for separation and evaporation in the industry. All these applications need a pressure vessel installed. The Indian petrochemical and chemical industry have been growing tremendously due to the increased demand from process, manufacturing, and agricultural industry. Heat exchangers in these plants are required for transferring fluids from one process to another in the chemical industry.

Market challenge

• Unpredictability in oil and gas prices
• For a full, detailed list, view our report      

Market trend

 Development in petrochemical and chemical industry in India
 For a full, detailed list, view our report     
 
Further, the report states that one of the major factors hindering the growth of this market is unpredictability in oil and gas prices. The recent fall in crude oil prices will upset the heat exchangers market in general as the oil and gas industry is one of the leading end-user industries for heat exchangers market. Shale gas explorations in the US is on the rise and have reached record levels. The Middle Eastern countries, on the other hand, have not reduced their output as they fear to lose the market share. This has caused a continuous fall in oil and gas prices.
According to the report, one of the major drivers for this market is amplified demand for water and wastewater treatment. Pressure vessels help in optimizing the temperature of water and increases the energy efficiency of water treatment plant. Therefore, an increase in such plants is expected to fuel the demand for global pressure vessels market.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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