Industries

The global pressure vessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.

Aerospace

Biofuel/Bioenergy (includes Ethanol)

Chemical Processing

Cryogenics

Dairy

Food and Beverage

Hospital

Hospitality

HVAC

Mining

Municipal

Petroleum

Pharmaceutical/Med Devices

Plastics/Coatings

Power & Cogeneration

Pulp & Paper

Semiconductor/Electronics

Water Treatment/Waste Water Treatment

Military

Agriculture

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.