Press release
Pressure Vessel Market Report- Demand, Cost Structures, Latest trends, and Forecasts to 2023
Pressure vessels are the containers that store fluids under high pressure. These vessels are used in industries, such as petroleum refining, chemical, power, food & beverages, and pharmaceuticals. Pressure vessels are categorized into three main types horizontal, vertical, and spherical. Shell, head, nozzle, and support are the main components of a pressure vessel. The market for CNG pressure vessel is driven by the increase in the number of natural gas vehicle (NGV) vehicles around the world. Also, due the increase in the average prices of fuels over last one decade, low-cost natural gases are being preferred in Asia-Pacific and LAMEA region.
Pressure Vessel Market for alternative fuels is expected to reach at $8,529 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. The CNG type-I was the highest revenue contributor to the global pressure vessel market for alternative fuels in 2016. Asia-Pacific accounted for the lead position in 2016 and is expected to grow at the highest rate during the study period.
Download Sample PDF @ www.alliedmarketresearch.com/request-sample/2222
The hydrogen vehicle is projected to witness the highest growth during the forecast period, owing to the establishment of several chemical companies in the Middle East. The energy segment is anticipated to witness substantial growth during the forecast period. At present, the count for hydrogen fuel vehicles around the world is approximately 15,000 and the number is expected to rise in coming decade as it is available and renewable. Also, the fact that hydrogen vehicles do not contribute to climate change as there are no greenhouse gas emission, they are gaining preference from manufacturers such as Toyota, Nissan, Honda, Ford, and BMW.
North America, Europe, Asia Pacific, Middle East & Africa, and South America are the major regions considered for the study of the pressure vessel market. Pressure vessels are a vital part of the power generation industry wherein they are used for applications such as steam generation, regeneration, and reheating, and reactors. Hence, power generation investments are expected to boost the demand for pressure vessels in the Asia Pacific region. Asia-Pacific accounted for the highest market share in 2016, and is estimated to grow at the highest CAGR of 17.7%, owing to the presence of major automobile manufacturers in China. In addition, the demand from the natural gas vehicles is expected to drive the market growth in Asia-Pacific.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2222
The key players profiled in this report are Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Westinghouse Electric Company LLC., General Electric, Halvorsen, IHI Corporation, and Pressure Vessels (India).
Key Findings of the Pressure Vessel Market:
• The CNG vehicle segment occupied the highest share in 2016, and is expected to grow at a CAGR of 16.5%, in terms of value, during the forecast period.
• Asia-Pacific is the leading consumer, accounting for approximately half of the share of the global market in 2016, followed by LAMEA.
• The hydrogen vehicle segment is expected to register the highest CAGR of 22.7%, in terms of value.
• Brazil and Argentina are the leading provider of CNG pressure vessel for LAMEA.
• China is the leading market in the Asia-Pacific, accounting for approximately three-fifth share of the global pressure vessel market for alternative fuels in 2016.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Pressure Vessel Market for alternative fuels is expected to reach at $8,529 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. The CNG type-I was the highest revenue contributor to the global pressure vessel market for alternative fuels in 2016. Asia-Pacific accounted for the lead position in 2016 and is expected to grow at the highest rate during the study period.
Download Sample PDF @ www.alliedmarketresearch.com/request-sample/2222
The hydrogen vehicle is projected to witness the highest growth during the forecast period, owing to the establishment of several chemical companies in the Middle East. The energy segment is anticipated to witness substantial growth during the forecast period. At present, the count for hydrogen fuel vehicles around the world is approximately 15,000 and the number is expected to rise in coming decade as it is available and renewable. Also, the fact that hydrogen vehicles do not contribute to climate change as there are no greenhouse gas emission, they are gaining preference from manufacturers such as Toyota, Nissan, Honda, Ford, and BMW.
North America, Europe, Asia Pacific, Middle East & Africa, and South America are the major regions considered for the study of the pressure vessel market. Pressure vessels are a vital part of the power generation industry wherein they are used for applications such as steam generation, regeneration, and reheating, and reactors. Hence, power generation investments are expected to boost the demand for pressure vessels in the Asia Pacific region. Asia-Pacific accounted for the highest market share in 2016, and is estimated to grow at the highest CAGR of 17.7%, owing to the presence of major automobile manufacturers in China. In addition, the demand from the natural gas vehicles is expected to drive the market growth in Asia-Pacific.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2222
The key players profiled in this report are Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Westinghouse Electric Company LLC., General Electric, Halvorsen, IHI Corporation, and Pressure Vessels (India).
Key Findings of the Pressure Vessel Market:
• The CNG vehicle segment occupied the highest share in 2016, and is expected to grow at a CAGR of 16.5%, in terms of value, during the forecast period.
• Asia-Pacific is the leading consumer, accounting for approximately half of the share of the global market in 2016, followed by LAMEA.
• The hydrogen vehicle segment is expected to register the highest CAGR of 22.7%, in terms of value.
• Brazil and Argentina are the leading provider of CNG pressure vessel for LAMEA.
• China is the leading market in the Asia-Pacific, accounting for approximately three-fifth share of the global pressure vessel market for alternative fuels in 2016.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
