세계 압력 용기 시장 규모는 2024년 253억 5,000만 달러에 달했습니다. IMARC Group은 이 시장이 2033년까지 353억 2,000만 달러에 달하고, 2025-2033년 3.57%의 연평균 복합 성장률(CAGR)을 보일 것으로 예측했습니다. 현재 아시아태평양이 시장을 독점하고 있으며, 2024년 시장 점유율은 36.4%에 달할 전망입니다. 이 시장은 급속한 산업화와 도시화에 따른 전 세계 에너지 수요 증가로 인해 강력한 성장세를 보이고 있습니다. 인프라를 확장하는 국가가 늘어남에 따라 효율적인 에너지 시스템의 필요성이 증가하고 있습니다. 또한, 화학 및 석유화학 산업도 성장하고 있으며, 안전하고 신뢰할 수 있는 운영을 위해 고성능 압력 용기가 필요합니다. 재료와 설계의 지속적인 기술 발전으로 용기의 내구성과 효율성이 향상되고 최신 용도에 적합하여 다양한 산업 분야에서 널리 채택되어 압력 용기 시장 점유율이 급증하고 있습니다.
압력 용기 시장의 주요 촉진요인 중 하나는 특히 신흥 경제권의 에너지 수요 증가입니다. 각국이 원자력, 석유 및 가스, 화력 부문을 중심으로 발전 용량 확대에 투자함에 따라 고성능 압력용기의 필요성이 증가하고 있습니다. 이러한 압력 용기는 고압의 가스와 액체를 안전하게 봉쇄하는 데 필수적입니다. 또한, 산업 안전 규제가 강화되고 전 세계적으로 청정 에너지원에 대한 수요가 증가함에 따라 압력 용기의 채택이 더욱 가속화되고 있습니다. 이러한 추세는 보다 효율적이고 내구성이 뛰어난 압력 용기를 제조할 수 있는 재료 기술의 발전으로 강화되어 전 세계의 복잡한 에너지 시스템에 통합될 수 있도록 지원하고 있습니다.
미국은 세계 압력용기 시장에서 매우 중요한 역할을 하고 있으며, 그 원동력은 발전, 화학 처리, 석유 및 가스 부문의 첨단 산업 기반과 강력한 발자취에 있습니다. 그 큰 요인은 노후화된 에너지 인프라의 현대화입니다. 미국 에너지부의 2025년 인프라 자금 조달 현황 업데이트에 따르면, 2031년까지 67GW의 용량 추가와 4,375마일의 송전선로 신설을 포함하여 청정에너지와 송전망의 회복력을 지원하기 위해 초당적 인프라법 및 인플레이션 감소법을 통해 미화 1,700억 달러 이상이 투입될 예정입니다. 이상이 투입되었습니다. 이러한 대규모 투자는 고성능 압력 용기에 대한 수요를 촉진합니다. 또한, ASME와 OSHA의 엄격한 규제와 미국의 재료 혁신에 대한 리더십으로 인해 각 산업 분야에서 내구성이 높고 효율적인 용기가 개발되고 있습니다.
에너지 수요 증가
신흥국을 중심으로 한 세계 에너지 수요 증가는 중요한 압력용기 시장 동향입니다. 예를 들어, 세계 에너지 수요는 2018년에 2.9% 증가했고, 현재의 추세가 지속된다면 2040년까지 세계 에너지 소비량은 30% 증가하여 7억 4,000만 테라 줄에 달할 것입니다. 압력용기는 석유 및 가스, 화학, 발전 등 에너지 수요를 충족시키기 위해 확대되는 산업에서 필수적인 부품입니다. 이러한 요인들은 향후 몇 년 동안 압력 용기 시장의 성장을 가속할 것으로 예측됩니다.
화학 및 석유화학 산업의 성장
산업 확장의 주요 원동력 중 하나는 석유화학 부문의 성장입니다. 예를 들어, IMARC에 따르면 2024년 세계 석유화학 시장은 6,457억 달러로 평가되었습니다. IMARC 그룹은 2033년까지 시장이 9,712억 달러로 성장할 것으로 예측했습니다. 압력용기는 부식성 물질이나 휘발성 물질을 고온, 고압에서 안전하게 취급하는 데 있어 매우 중요하며, 이 산업 수요를 크게 견인하고 있습니다. 이러한 요인들은 압력 용기 시장 예측에 더욱 긍정적인 영향을 미칩니다.
석유 및 가스 부문 확대
시장 성장을 가속하는 요인 중 하나는 석유 및 가스 산업의 확대입니다. 예를 들어, India Brand Equity Foundation은 2045년까지 인도의 석유 소비량이 하루 1,100만 배럴로 두 배로 증가할 것으로 예측했습니다. 또한, 2024년 1월과 2023-2024년 4-1월 원유 수입량은 전년 동기 대비 각각 5.7%, 0.9% 증가했습니다. 석유 및 가스 부문의 가혹한 조건에 대응하는 첨단 소재의 개발은 내구성이 뛰어난 압력 용기 제조에 큰 도움이 될 것입니다. 특히 해양 및 비재래식 자원의 탐사 및 생산 활동 증가는 시장 수요를 촉진하고 압력 용기 시장의 수익을 증가시킬 것입니다.
The global pressure vessel market size was valued at USD 25.35 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 35.32 Billion by 2033, exhibiting a CAGR of 3.57% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of 36.4% in 2024. The market is experiencing strong growth due to rising global energy demand, driven by rapid industrialization and urbanization. As more countries expand their infrastructure, the need for efficient energy systems increases. Additionally, the chemical and petrochemical industries are growing, requiring high-performance pressure vessels for safe and reliable operations. Ongoing technological advancements in materials and design are enhancing vessel durability and efficiency, making them more suitable for modern applications and supporting their wider adoption across various industrial sectors thus surging the pressure vessel market share.
One major driver in the pressure vessel market is the growing demand for energy, particularly from emerging economies. As countries invest in expanding their power generation capacities especially nuclear, oil & gas, and thermal sectors the need for high-performance pressure vessels rises. These vessels are critical for safely containing gases and liquids under high pressure. Additionally, stricter industrial safety regulations and the global push for cleaner energy sources further accelerate their adoption. This trend is reinforced by advancements in material technology, which enable the production of more efficient and durable pressure vessels, supporting their integration into complex energy systems worldwide.
The U.S. plays a pivotal role in the global pressure vessel market, driven by its advanced industrial base and strong footprint in power generation, chemical processing, and oil & gas sectors. A major contributor is the country's commitment to modernizing its aging energy infrastructure. According to the U.S. Department of Energy's 2025 Infrastructure Funding Progress Update, over $170 billion has been committed through the Bipartisan Infrastructure Law and Inflation Reduction Act to support clean energy and grid resilience, including 67 GW of added capacity and 4,375 miles of new transmission lines by 2031. This large-scale investment fuels demand for high-performance pressure vessels. Moreover, strict regulations from ASME and OSHA, along with U.S. leadership in material innovations, ensure durable and efficient vessel deployment across industries.
Rising Energy Demand
The rising global energy demand, particularly in emerging economies, is a significant pressure vessel market trends. For example, global energy demand rose 2.9% in 2018, and if current trends continue, global energy consumption would rise 30% to 740 million terajoules by 2040. Pressure vessels are essential components in industries, such as oil and gas, chemical, and power generation, which are expanding to meet energy needs. These factors are expected to propel the pressure vessel market growth in the coming years.
Growing Chemical and Petrochemical Industry
One of the main drivers of the industry's expansion is the growing petrochemicals sector. For example, the worldwide petrochemicals market was valued at USD 645.7 billion in 2024, according to IMARC. By 2033, the IMARC Group projects that the market will have grown to USD 971.2 billion. Pressure vessels are crucial in handling corrosive or volatile substances safely at elevated temperatures and pressures, driving significant demand from this industry. These factors further positively influence the pressure vessel market forecast.
Expansion of the Oil and Gas Sector
One of the main drivers propelling the market's growth is the expansion of the oil and gas industry. The India Brand Equity Foundation, for example, projects that by 2045, India's oil consumption will have doubled to 11 million barrels per day. Also, crude oil imports climbed by 5.7% and 0.9% in January 2024 and April-January 2023-24, respectively, compared to the same period last year. The development of advanced materials for handling harsh conditions in the oil and gas sector significantly boosts the manufacturing of durable pressure vessels. Increased exploration and production activities, particularly in offshore and unconventional resources, also drive the market demand, thereby boosting the pressure vessel market revenue.
Steel accounts for the majority of shares of 29.7% in the pressure vessel market due to its excellent mechanical properties, including high strength, durability, and resistance to pressure and temperature extremes. It is particularly well-suited for applications in industries such as oil & gas, chemicals, power generation, and petrochemicals, where vessels must withstand harsh operating conditions. Carbon steel and stainless steel are commonly used because they offer a balance between cost-effectiveness and performance. Additionally, steel is highly versatile and easy to fabricate into various shapes and sizes, making it ideal for custom vessel designs. Its widespread availability and recyclability also contribute to its dominance. As safety and regulatory standards tighten, the demand for reliable steel-based pressure vessels continues to grow across global industrial sectors.
According to the pressure vessel market analysis, the boilers dominate the pressure vessel market with a market share of 59.6% due to their critical role in power generation, industrial processing, and heating applications. They are essential for producing steam used in thermal power plants, which remain a major source of electricity globally, especially in Asia and developing regions. Industries such as food processing, textiles, chemicals, and refineries also rely heavily on industrial boilers for various heat-related operations. The ongoing expansion of manufacturing facilities and rising energy demands further boost boiler installations. Additionally, advancements in boiler technology-such as improved efficiency, lower emissions, and better safety features-have led to their widespread adoption. Government initiatives to modernize aging energy infrastructure and the push for cleaner, more efficient thermal systems also contribute to the sustained dominance of boilers in this market.
The chemicals and petrochemicals sector holds the largest share of 38.7% of the pressure vessel market due to its extensive use of high-pressure systems in various production processes. These industries rely heavily on pressure vessels for storage, processing, and transportation of volatile and hazardous substances such as gases, acids, and hydrocarbons. The need for safe, corrosion-resistant, and high-performance vessels is critical in handling extreme temperatures and pressures. Additionally, global demand for plastics, fertilizers, and specialty chemicals continues to rise, especially in emerging economies, driving further investment in petrochemical infrastructure. As refineries and chemical plants expand or modernize, they increasingly adopt advanced pressure vessels to meet stringent safety regulations and improve operational efficiency, reinforcing the sector's dominance in the global market.
Asia Pacific is the leading region in the global pressure vessel with a market share of 36.4% market due to rapid industrialization, urbanization, and growing energy demand, particularly in countries like China, India, Japan, and South Korea. These nations are heavily investing in power generation infrastructure, including thermal, nuclear, and renewable energy projects, which require advanced pressure vessels for safe and efficient operation. The expansion of the chemical, petrochemical, and oil & gas industries further boosts regional demand. Additionally, government initiatives supporting manufacturing growth, coupled with favorable policies for foreign direct investment, have led to the establishment of large-scale industrial facilities. The availability of low-cost raw materials and labor also contributes to the dominance of Asia Pacific, making it a global hub for pressure vessel production and usage.
United States Pressure Vessel Market Analysis
United States has witnessed a notable surge in pressure vessel adoption due to growing energy demand, particularly in oil and gas refining, nuclear power, and natural gas storage. According to Annual Energy Outlook 2025 (AEO2025), crude oil production will increase to about 14.0 Million barrels per day (b/d) in 2027 or 2028 in most of report cases, compared with 13.2 Million b/d in 2024. This demand is closely tied to increasing consumption patterns across industrial and residential sectors. The aging infrastructure is also being replaced or retrofitted with modern pressure vessel systems to enhance safety and performance. In addition, decarbonization goals are prompting utilities to upgrade energy infrastructure, boosting adoption further. Technological innovations in materials and welding processes are making pressure vessels more durable and cost-efficient, which aligns with the energy sector's long-term goals.
Asia Pacific Pressure Vessel Market Analysis
Asia-Pacific is experiencing substantial growth in pressure vessel adoption driven by rapid industrialization across sectors such as chemicals, power, and manufacturing. According to Ministry of Statistics & Programme Implementation, the index of Industrial Production (IIP) saw a 1.2 % year-on-year increase in May 2025, driven by growth in the manufacturing sector at 2.6%. The rising number of processing units and refineries has created a consistent need for high-capacity, corrosion-resistant pressure vessels. This transformation is supported by increased investments in capital equipment and infrastructure projects. Modernization of existing facilities and the development of large-scale industrial clusters are contributing to this demand surge. Additionally, local production capabilities and technological transfers are encouraging the domestic manufacturing of pressure vessels, reducing dependence on imports.
Europe Pressure Vessel Market Analysis
Europe has demonstrated growing pressure vessel adoption as a result of sustained investment in power generation, particularly in renewable and nuclear segments. According to International Energy Agency, annual spending on grids is set to exceed USD 70 Billion in 2025 in Europe, doubling the amount spent a decade ago. As power utilities shift toward decarbonized systems, pressure vessels are becoming essential for steam generation, heat recovery, and fuel processing applications. Public and private funding in low-carbon energy infrastructure is enhancing the scope of high-performance vessels in modern power plants. Aging power facilities are being replaced or upgraded with advanced equipment designed for greater efficiency and reliability. The adoption of hydrogen-based technologies and small modular reactors has further supported pressure vessel demand.
Latin America Pressure Vessel Market Analysis
Latin America is witnessing a gradual rise in pressure vessel usage due to growing urbanization, which has led to increased demand for electricity, water treatment, and industrial processing. For instance, Latin America and the Caribbean underwent a rapid urbanization process, making it one of the most urbanized regions in the world. In 2025, 82% of the population lives in urban areas, compared to the global average of 58%. Expanding metropolitan infrastructure requires scalable and safe solutions for energy and utility services, where pressure vessels play a central role. Industrial growth linked to urban expansion has added to the regional need for durable and efficient pressure containment systems.
Middle East and Africa Pressure Vessel Market Analysis
Middle East and Africa are embracing higher pressure vessel deployment in response to growing expansion of chemical and petrochemical industry. Saudi Arabia has the largest upstream oil and gas investment in the area, according to the International Energy Agency, and it is expected to reach over USD 40 billion in 2025, which is almost 15% more than it was in 2015. As refining capacity and downstream processing units continue to grow, the need for heat exchangers, separators, and storage systems is increasing.
The competitive landscape is characterized by the presence of several global and regional players striving for market share through innovation, strategic partnerships, and expansion. Key companies such as Larsen & Toubro, Mitsubishi Heavy Industries, Doosan Heavy Industries, and Babcock & Wilcox dominate due to their advanced manufacturing capabilities and strong industry experience. These players focus on developing high-performance, durable, and customized pressure vessels to meet stringent regulatory standards across industries like oil & gas, power generation, and chemicals. Additionally, smaller manufacturers are entering niche segments with specialized offerings. The market is also influenced by technological advancements, material innovations, and increasing demand for energy-efficient systems, driving competition and fostering continuous product development and global expansion strategies.