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Japan Pressure Vessel Market
ID: MRFR/EnP/53898-HCR
200 Pages
February 2026
Japan Pressure Vessel Market Research Report: By Material (Steel Alloys, Other alloys, Composites), By Product (Boilers, Nuclear reactors, Separators, Others) andBy Application (Oil & Gas, Chemicals, Power generation, Others)- Forecast to 2035
Industry Developments
In recent months, the Japan Pressure Vessel Market has witnessed significant developments, particularly influenced by company activities in the sector. For instance, Mitsubishi Heavy Industries has been focusing on expanding its capabilities in advanced pressure vessel manufacturing technologies to meet growing demand in sectors like energy and petrochemicals. Meanwhile, Sumitomo Heavy Industries announced in September 2023 a strategic partnership with Chiyoda Corporation aimed at enhancing efficiency in construction and delivery processes for pressure vessels. Notably, in August 2023, a merger was finalized between KSB Japan and a leading local firm, which is anticipated to bolster their market share and improve product offerings in pressure equipment. The market is also experiencing substantial growth due to increased investments in infrastructure and renewable energy projects. Furthermore, the ongoing shift towards sustainability and innovative technologies is driving companies, such as Toshiba Energy Systems and Solutions, to focus on the development of eco-friendly pressure vessel solutions. Over the past two to three years, heightened activity in R&D has been reported, with significant contributions made by Hitachi Zosen and Fujikura Kasei to advance pressure vessel technologies, ensuring enhanced safety, efficiency, and compliance with evolving regulatory standards.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 1.44(USD Billion) |
| MARKET SIZE 2024 | 1.52(USD Billion) |
| MARKET SIZE 2035 | 2.31(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.878% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Yokogawa Electric Corporation, Nippon Steel Corporation, Toshiba Energy Systems & Solutions, KSB Japan, Chiyoda Corporation, Fujikura Kasei, Daikin Industries, Hitachi Zosen, Mitsubishi Heavy Industries, Sumitomo Heavy Industries, JFE Engineering Corporation, Kawasaki Heavy Industries, Mitsui E&S Holdings, Toyo Engineering Corporation, IHI Corporation |
| SEGMENTS COVERED | Material, Product, Application |
| KEY MARKET OPPORTUNITIES | Increasing industrial automation demand, Growth in renewable energy sector, Expansion of oil and gas projects, Strict safety regulations compliance, Rising infrastructure development initiatives |
| KEY MARKET DYNAMICS | Technological advancements, Regulatory compliance requirements, Increasing industrial applications, Demand for safety and efficiency, Competitive pricing pressure |
| COUNTRIES COVERED | Japan |
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FAQs
What is the projected market size of the Japan Pressure Vessel Market in 2024?
The Japan Pressure Vessel Market is expected to be valued at 1.52 billion USD in 2024.
What is the estimated market size of the Japan Pressure Vessel Market by 2035?
The market is projected to reach 2.31 billion USD by the year 2035.
What is the expected compound annual growth rate (CAGR) for the Japan Pressure Vessel Market from 2025 to 2035?
The expected CAGR for the Japan Pressure Vessel Market during this period is 3.878%.
Which material segment is anticipated to dominate the Japan Pressure Vessel Market in 2024?
The Steel Alloys segment is anticipated to dominate, valued at 0.7 billion USD in 2024.
What is the projected market value for Other alloys by 2035?
By 2035, the Other alloys segment is projected to be valued at 0.68 billion USD.
Who are the key players in the Japan Pressure Vessel Market?
Key players include Yokogawa Electric Corporation, Nippon Steel Corporation, and Mitsubishi Heavy Industries.
How much is the Composites segment expected to grow from 2024 to 2035?
The Composites segment is expected to grow from 0.37 billion USD in 2024 to 0.6 billion USD by 2035.
What are some emerging trends driving the Japan Pressure Vessel Market?
Emerging trends include advancements in material technology and increased demand for energy-efficient solutions.
How does the competitive landscape of the Japan Pressure Vessel Market look in terms of market share?
The competitive landscape shows several major players vying for market share, focusing on innovation and technology enhancement.
What challenges might the Japan Pressure Vessel Market face in the coming years?
Challenges may include fluctuations in raw material prices and regulatory compliance in various sectors.
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