Pressure Vessels Market Estimated At USD 75.82 Billion By 2030
San Francisco, 20 Dec 2023: The Report Pressure Vessels Market Size, Share & Trends Analysis Report By Material (Titanium, Steel), By Product (Boiler, Nuclear Reactor), By End-use (Chemicals & Petrochemicals, Power Generation), By Region, And Segment Forecasts, 2023 - 2030 The global pressure vessels market size is expected to reach USD 75.82 billion by 2030 registering a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for pressure vessels in chemical & petrochemical and oil & gas industries is expected to drive market growth. Pressure vessels are containers used to hold high-pressure gases and liquids in various application industries including petrochemicals, chemicals, natural gas storage systems, nuclear reactor vessels, distillation towers, and hot water storage tanks. The ever-increasing need for energy is anticipated to propel the product demand in various application industries. Increasing chemical d