Pressure Vessel Market expected to reach at $8,529 million by 2023

1
Pressure Vessel Market

• Pressure Vessel Market for Alternative Fuels by
  Construction Type (CNG type I, CNG type II, CNG
  type III, and CNG type IV), Application (CNG
  Vehicles, Hydrogen Vehicles, and Gas Transport) -
  Global Opportunity Analysis and Industry
  Forecast, 2017-2023

Get PDF Sample copy of this report
https//www.alliedmarketresearch.com/request-sampl
e/2222 Click here for more information
https//www.alliedmarketresearch.com/pressure-vess
el-market
2
Current and future Market Scenario
Pressure Vessel Market

• Pressure Vessel Market is estimated to 8,529
  million by 2023, states Allied Market Research.
• Pressure Vessel Market will grow at a prominent
  CAGR of 16.6 from 2017 to 2023. 
• Pressure Vessel Market was valued at 3,038
  million in 2016.
• CNG type I was the highest revenue generator for
  the Pressure Vessels alternative fuels market in
  2016.

3
Factors Contributing to Market Growth
Pressure Vessel Market

• 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.

4
Market Segments
Pressure Vessel Market
5
Dominating Segments
Pressure Vessel Market

• The CNG vehicles dominated the pressure vessel
  market for alternative fuels in 2016.
• The most lucrative market for CNG pressure
  vessels are witnessed in developing countries.
• Between 2009 and 2013, approximately 32 million
  CNG vehicles were delivered to customers outside
  North America and Europe

6
Region Overview
Pressure Vessel Market

• Brazil and Argentina are the most active regions
  in the pressure vessel market for alternative
  fuels in LAMEA.
• Inflex-Argentoil S.A., Argentina based supplier
  of Type I and II pressure vessels has been
  regularly expanding their business throughout
  South America and Middle East.

7
Leading Players
Pressure Vessel Market

• The leading players in the Pressure Vessel Market
  include 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).
• The other leading players operating in this
  market are Babcock and Wilcox Enterprises Inc.,
  Dongfang Electric Machinery Co. Ltd., Abott
  Alloy Products Corp.

8
A report titled Pressure Vessel Market -
Opportunities and Forecasts, 2017 2023 has
been recently published by Allied Market
Research. The report makes close observations of
pipeline structure for end-to-end Pressure Vessel
Market around the world. It makes an in-depth
analysis of current trends, drivers, and
restraining factors that affect financial ratios
relevant to the industry. Company profiles for
key vendors in business builds a comprehensive
picture of profitable opportunities from
stakeholders perspective.

• To know more about the
  Pressure Vessel Market - Opportunities and
  Forecasts, 2017 2023 report
• https//www.alliedmarketresearch.com/pressure-vess
  el-market

• Follow us on

Thank You