August 2016 Source
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.
August 2016 Source
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.
March 2017 Source