Asia Pacific Pressure Vessels Market Size & Outlook
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Asia Pacific pressure vessels market highlights
- The Asia Pacific pressure vessels market generated a revenue of USD 21,744.9 million in 2024.
- The market is expected to grow at a CAGR of 5.3% from 2025 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2024.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 21,744.9 million |
| Market revenue in 2030 | USD 29,487.2 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Titanium, Nickel & Nickel Alloys, Tantalum, Steel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.1% of the global pressure vessels market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,487.2 million by 2030.
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Pressure Vessels Market Scope
Pressure Vessels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott & Co | View profile | 11-50 | Newark, Nottinghamshire, United Kingdom, Europe | https://www.air-receivers.co.uk |
| Alloy Products Corp | View profile | 101-250 | Waukesha, Wisconsin, United States, North America | https://www.alloyproductscorp.com |
| Samuel, Son & Co | View profile | 5001-10000 | Oakville, Ontario, Canada, North America | https://www.samuel.com |
| Pressure Vessels India | View profile | 11-50 | Pune, Maharashtra, India, Asia | https://www.pressurevesselsindia.com |
| WCR | View profile | 51-100 | Fairborn, Ohio, United States, North America | http://www.wcrhx.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| Doosan Corporation Electro-Materials | View profile | - | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.doosanelectronics.com/ |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Mersen SA | View profile | 7534 | Tour Trinity, 1 bis place de la Defense, Courbevoie, France, 92400 | https://www.mersen.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
Asia Pacific pressure vessels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pressure vessels market will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 31.25% in 2024. Horizon Databook has segmented the Asia Pacific pressure vessels market based on titanium, nickel & nickel alloys, tantalum, steel covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific pressure vessels market dominated the global market and accounted for the largest revenue share of 36.1% in 2024. This growth is attributed to the rapid industrialization and increasing energy demands.
In addition, countries such as India and China are heavily investing in energy infrastructure, particularly in power generation and chemical processing facilities, which drives the demand for pressure vessels.
Furthermore, the expansion of the oil and gas sector, along with investments in renewable energy projects, also propels market growth as these industries require reliable pressure vessels for various applications.
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Target buyers of Asia Pacific pressure vessels market databook
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Our clientele includes a mix of pressure vessels market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pressure vessels market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pressure vessels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pressure vessels market size, by country, 2018-2030 (US$M)
Asia Pacific Pressure Vessels Market Outlook Share, 2024 & 2030 (US$M)
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