Delray Beach, FL, Aug. 21, 2025 (GLOBE NEWSWIRE) — Pressure Vessels Market size is projected to grow from USD 50.3 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 4.5%, as per the recent study by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure. It is constructed to withstand the internal pressure exerted by the enclosed substance and maintain its structural integrity. Pressure vessels are commonly used in various industries for storing, processing, or transporting substances under high pressure conditions.
The increasing global energy demand, driven by population growth, urbanization, and industrialization, is a significant driver for the pressure vessel market. Pressure vessels are integral components of power generation systems, including fossil fuel power plants, nuclear power plants, and renewable energy installations, such as geothermal power plants.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116301805
List of Key Players in Pressure Vessels Market:
- Babcock & Wilcox Enterprises (US)
- Mitsubishi Hitachi Power Systems (Japan)
- IHI Corporation (Japan)
- LARSEN & TOUBRO LIMITED (India)
- Bharat Heavy Electricals Limited (India)
Drivers, Opportunities and Challenges in Pressure Vessels Market:
- Driver: Growing chemical production world-wide
- Restraint: High manufacturing and maintenance costs
- Opportunity: Increase in the nuclear power generation …