Middle East & Africa Pressure Vessels Market Size & Outlook
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MEA pressure vessels market highlights
- The MEA pressure vessels market generated a revenue of USD 4,586.0 million in 2024.
- The market is expected to grow at a CAGR of 4.5% 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, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 4,586.0 million |
| Market revenue in 2030 | USD 5,956.5 million |
| Growth rate | 4.5% (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, MEA region accounted for 7.6% 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 |
Middle East & Africa 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 29.65% in 2024. Horizon Databook has segmented the Middle East & Africa pressure vessels market based on titanium, nickel & nickel alloys, tantalum, steel covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa pressure vessels market is expected to grow at the fastest CAGR of 4.5% over the forecast period, owing to the expansion of the oil and gas sector.
In addition, increased investments in refining and petrochemical facilities are boosting the demand for pressure vessels, which are essential for safe storage and transportation of hydrocarbons.
Furthermore, ongoing infrastructure development projects and government initiatives aimed at diversifying economies are further propelling market growth. Moreover, the region's focus on renewable energy sources also creates new opportunities for pressure vessel applications in emerging energy sectors.
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Target buyers of Middle East & Africa 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 Middle East & Africa pressure vessels market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pressure vessels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pressure vessels market size, by country, 2018-2030 (US$M)
Middle East & Africa Pressure Vessels Market Outlook Share, 2024 & 2030 (US$M)
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