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US Pressure Vessel Market

ID: MRFR/EnP/14390-HCR
100 Pages
Garvit Vyas
October 2025

US Pressure Vessel Market Research Report By Material (Steel Alloys, Other alloys, Composites), By Product (Boilers, Nuclear reactors, Separators, Others) and By Application (Oil & Gas, Chemicals, Power generation, Others) - Forecast to 2035

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US Pressure Vessel Market Infographic
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US Pressure Vessel Market Summary

As per MRFR analysis, the US pressure vessel market Size was estimated at 9.5 USD Billion in 2024. The US pressure vessel market is projected to grow from 9.99 USD Billion in 2025 to 16.5 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.15% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US pressure vessel market is poised for growth driven by regulatory compliance and technological advancements.

  • Regulatory compliance and safety standards are increasingly shaping the operational landscape of the pressure vessel market.
  • Technological advancements in manufacturing processes are enhancing efficiency and product quality in the industry.
  • Sustainability and eco-friendly practices are becoming essential considerations for manufacturers in the pressure vessel sector.
  • The growing demand in the energy sector and rising industrialization are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 9.5 (USD Billion)
2035 Market Size 16.5 (USD Billion)
CAGR (2025 - 2035) 5.15%

Major Players

Linde AG (DE), Air Products and Chemicals Inc (US), Siemens AG (DE), General Electric Company (US), Mitsubishi Heavy Industries Ltd (JP), Kawasaki Heavy Industries Ltd (JP), Emerson Electric Co (US), Atlas Copco AB (SE), Schlumberger Limited (US)

US Pressure Vessel Market Trends

The pressure vessel market is currently experiencing a dynamic phase characterized by evolving regulations and technological advancements. Regulatory bodies are increasingly emphasizing safety standards, which necessitates the adoption of innovative designs and materials. This shift is likely to drive manufacturers to invest in research and development, aiming to enhance the durability and efficiency of pressure vessels. Furthermore, the integration of automation and smart technologies into production processes appears to be gaining traction, potentially leading to improved operational efficiencies and reduced costs. In addition, the demand for pressure vessels in various sectors, including energy, chemical processing, and food and beverage, continues to grow. This trend suggests a robust market outlook, as industries seek to optimize their operations and ensure compliance with stringent safety regulations. The increasing focus on sustainability may also influence the market, as companies explore eco-friendly materials and energy-efficient designs. Overall, the pressure vessel market is poised for growth, driven by regulatory changes, technological innovations, and evolving industry needs.

Regulatory Compliance and Safety Standards

The pressure vessel market is witnessing heightened scrutiny regarding safety regulations. Regulatory agencies are enforcing stricter compliance measures, compelling manufacturers to adopt advanced safety features and materials. This trend is likely to enhance the overall safety of pressure vessels, ensuring they meet the latest industry standards.

Technological Advancements in Manufacturing

Innovations in manufacturing processes are transforming the pressure vessel market. The adoption of automation and smart technologies is streamlining production, leading to increased efficiency and reduced operational costs. These advancements may also facilitate the development of more complex and durable vessel designs.

Sustainability and Eco-Friendly Practices

There is a growing emphasis on sustainability within the pressure vessel market. Companies are increasingly exploring eco-friendly materials and energy-efficient designs to minimize environmental impact. This trend reflects a broader industry shift towards sustainable practices, aligning with global efforts to reduce carbon footprints.

US Pressure Vessel Market Drivers

Growing Demand in Energy Sector

The energy sector is experiencing a notable surge in demand for pressure vessels, primarily driven by the expansion of oil and gas exploration and production activities. As the United States continues to invest in energy infrastructure, the pressure vessel market is poised for growth. In 2025, the energy sector accounts for approximately 40% of the total demand for pressure vessels, reflecting a robust need for safe and efficient containment solutions. This trend is further supported by the increasing focus on enhancing energy efficiency and reducing operational costs. Consequently, manufacturers are likely to innovate and adapt their offerings to meet the evolving requirements of the energy sector, thereby propelling the pressure vessel market forward.

Focus on Safety and Risk Management

The emphasis on safety and risk management in industrial operations is a pivotal driver for the pressure vessel market. Regulatory bodies in the United States are enforcing stringent safety standards, compelling industries to adopt advanced pressure vessel solutions. In 2025, safety compliance is projected to influence approximately 15% of the pressure vessel market. This focus on safety not only protects workers and the environment but also enhances operational efficiency. As industries strive to mitigate risks associated with pressure vessels, manufacturers are likely to innovate and provide solutions that meet or exceed regulatory requirements. This trend underscores the critical role of safety in shaping the future of the pressure vessel market.

Technological Innovations in Design

Technological innovations in the design and manufacturing of pressure vessels are reshaping the market landscape. Advanced materials and engineering techniques are enabling the production of lighter, stronger, and more efficient pressure vessels. In 2025, it is estimated that approximately 20% of the pressure vessel market will be driven by innovations in design, including the use of composite materials and 3D printing technologies. These advancements not only improve performance but also reduce production costs, making pressure vessels more accessible to a wider range of industries. As manufacturers continue to invest in research and development, the pressure vessel market is likely to benefit from enhanced product offerings and increased competitiveness.

Investment in Infrastructure Development

Infrastructure development in the United States is a critical driver for the pressure vessel market. The government's commitment to upgrading and expanding infrastructure, including water treatment facilities, power plants, and transportation systems, necessitates the use of pressure vessels. In 2025, infrastructure projects are expected to account for approximately 25% of the pressure vessel market. This investment not only supports economic growth but also emphasizes the importance of safety and compliance with regulatory standards. As infrastructure projects progress, the demand for high-quality pressure vessels is likely to increase, providing opportunities for manufacturers to enhance their product offerings and cater to the specific needs of various sectors.

Rising Industrialization and Manufacturing

The ongoing industrialization in the United States is significantly impacting the pressure vessel market. As manufacturing processes become more complex, the need for reliable and durable pressure vessels is escalating. Industries such as chemicals, pharmaceuticals, and food processing are increasingly utilizing pressure vessels to ensure safe and efficient operations. In 2025, the manufacturing sector is projected to contribute around 30% to the overall pressure vessel market. This growth is indicative of the sector's reliance on advanced pressure vessel technology to enhance productivity and maintain safety standards. As industrial activities expand, the pressure vessel market is likely to witness sustained demand, fostering innovation and competition among manufacturers.

Market Segment Insights

By Material: Steel Alloys (Largest) vs. Composites (Fastest-Growing)

In the material segment of the US pressure vessel market, steel alloys maintain the largest share due to their proven durability and cost-effectiveness. Other alloys follow, offering specialized properties for various applications. Composites, though currently smaller in market share, are gaining traction as they provide advantages in weight reduction and resistance to corrosion, which are increasingly important in modern engineering solutions. Growth trends indicate that while steel alloys remain dominant, the push towards lightweight materials is driving the growth of composites. Factors such as increasing regulatory pressure for efficiency and environmental standards are also influencing the shift. As a result, composites are set to become a significant player in the coming years, appealing to industries focused on innovation and sustainability.

Steel Alloys (Dominant) vs. Composites (Emerging)

Steel alloys are characterized by their strength and cost-efficiency, making them the preferred choice for most traditional pressure vessel applications. Their resistance to high pressures and temperatures has established them as a reliable option in various industries, including oil and gas, petrochemical, and power generation. In contrast, composites represent an emerging segment with several advantages, such as lower weight and enhanced corrosion resistance. As industries seek to reduce overall system weights and improve efficiency, composites are gaining attention and investment. The technological advancements in composite materials are driving innovations, positioning them as a viable alternative to traditional materials. This dynamic interplay between the established dominance of steel alloys and the rising appeal of composites will shape the future landscape of the US pressure vessel market.

By Product: Boilers (Largest) vs. Nuclear reactors (Fastest-Growing)

In the US pressure vessel market, the distribution of market share is predominantly led by boilers, which hold the largest portion due to their extensive application in various industries, particularly for heating and energy generation. Following boilers, nuclear reactors and separators have notable shares as well, catering to specific demands in the energy sector, though their market presence is comparatively smaller than that of boilers. The segment labeled as 'Others' encompasses a range of additional pressure vessel products, which collectively account for a minor share of the market. Growth trends within this segment reveal a robust trajectory, especially for nuclear reactors, which are witnessing escalating adoption owing to a shift towards cleaner energy sources and technological advancements enhancing their safety and efficiency. On the other hand, boilers continue to thrive fueled by increasing energy demands and regulatory pressures for energy efficiency. As industries seek hybrid solutions combining traditional and modern technologies, separators and other products are also expected to gain traction, contributing to an evolving landscape.

Boilers: Dominant vs. Nuclear reactors: Emerging

Boilers serve as the dominant product type in the US pressure vessel market, primarily recognized for their versatile applications in steam generation and heating. Renowned for efficiency and reliability, boilers are foundational in numerous industries, including manufacturing, energy, and commercial facilities. Their capacity to adapt to emerging technologies, such as condensing methods, further solidifies their market position. Conversely, nuclear reactors are emerging as a pivotal solution in the energy sector, spurred by increasing demand for sustainable power generation. These reactors offer significant advantages in terms of low greenhouse gas emissions and high energy output. However, the complexity associated with their construction and regulatory compliance continues to shape their market growth, making them a focal point for future investments.

By Application: Oil & Gas (Largest) vs. Chemicals (Fastest-Growing)

In the US pressure vessel market, the application segments reveal a diverse distribution of market share. Oil & Gas remains the largest segment, primarily due to its extensive infrastructure and high demand for safe storage solutions. Chemicals follow, contributing notably to market dynamics through various applications in processing and storing hazardous materials. Power generation and Others segments collectively hold a smaller share but play vital roles in specific applications, emphasizing the market's broad utility across different industries. Growth trends indicate a robust outlook for the Chemicals segment as the fastest-growing area within the US pressure vessel market. This surge is driven by increased chemical production, stricter regulations necessitating advanced storage solutions, and innovation in material technology. In contrast, while Oil & Gas remains dominant, it faces challenges due to fluctuating market conditions and an increasing shift towards renewable energy, impacting future growth prospects for traditional applications.

Oil & Gas (Dominant) vs. Chemicals (Emerging)

The Oil & Gas segment is characterized by a well-established infrastructure and a stable demand for pressure vessels used in exploration, extraction, and refining processes. Its dominance is underscored by the necessity for reliable storage and transport of high-pressure fluids. On the other hand, the Chemicals segment is emerging rapidly, propelled by advancements in production technologies and higher safety standards. This segment caters to diverse requirements, from petrochemical storage to processing hazardous substances, and is positioned to innovate further with the integration of newer materials and designs to enhance safety and efficiency in operations.

Get more detailed insights about US Pressure Vessel Market

Key Players and Competitive Insights

The pressure vessel market is currently characterized by a dynamic competitive landscape, driven by increasing demand for energy storage solutions and advancements in manufacturing technologies. Key players such as Air Products and Chemicals Inc (US), General Electric Company (US), and Linde AG (DE) are strategically positioned to leverage their technological expertise and extensive operational networks. Air Products and Chemicals Inc (US) focuses on innovation in hydrogen production and storage, while General Electric Company (US) emphasizes digital transformation in its manufacturing processes. Linde AG (DE) is enhancing its operational efficiency through strategic partnerships and investments in sustainable technologies, collectively shaping a competitive environment that prioritizes innovation and sustainability.

The market structure appears moderately fragmented, with several players vying for market share through localized manufacturing and optimized supply chains. Companies are increasingly localizing their production facilities to reduce lead times and enhance responsiveness to regional demands. This tactic not only improves supply chain efficiency but also allows for better alignment with local regulations and customer preferences, thereby strengthening their competitive positions.

In October 2025, Air Products and Chemicals Inc (US) announced a significant investment in a new hydrogen production facility in Texas, aimed at supporting the growing demand for clean energy solutions. This strategic move underscores the company's commitment to expanding its hydrogen capabilities, which are essential for the transition to a low-carbon economy. The facility is expected to enhance Air Products' competitive edge by positioning it as a leader in the hydrogen market, potentially increasing its market share by addressing the rising demand for sustainable energy sources.

In September 2025, General Electric Company (US) launched a new digital platform designed to optimize the performance of pressure vessels through advanced analytics and AI integration. This initiative reflects the company's focus on digital transformation, enabling customers to monitor and manage their assets more effectively. By leveraging data analytics, General Electric aims to enhance operational efficiency and reduce maintenance costs, thereby solidifying its position in the market as a technology-driven leader.

In August 2025, Linde AG (DE) entered into a strategic partnership with a leading renewable energy firm to develop innovative pressure vessel solutions for carbon capture and storage applications. This collaboration highlights Linde's commitment to sustainability and its proactive approach to addressing environmental challenges. By integrating its pressure vessel technology with renewable energy solutions, Linde is likely to enhance its market presence and appeal to environmentally conscious customers.

As of November 2025, the competitive trends in the pressure vessel market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing operational capabilities. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to changing market demands.

Key Companies in the US Pressure Vessel Market market include

Industry Developments

In recent developments, the US Pressure Vessel Market has seen significant activity, particularly with the increasing focus on energy efficiency and safety regulations. Companies like Kiewit Corporation and Fluor Corporation are enhancing their project portfolios by adopting advanced materials and manufacturing techniques in response to regulatory changes. In September 2023, Civmec announced an expansion of its operations in the US, targeting increased demand for pressure vessels in the renewable energy sector. Mergers and acquisitions have been notable, with Cameron's acquisition of a smaller competitor in August 2023 aimed at strengthening its production capabilities.

Similarly, in July 2023, SPX Corporation expanded its market reach through the purchase of an innovative technology firm focused on pressure vessel design. The growth trajectory for companies such as General Electric and Mitsubishi Heavy Industries continues to be driven by the increasing demand for pressure vessels in applications like oil and gas, nuclear energy, and wastewater management. Major industry initiatives promoting sustainable technologies and improved manufacturing processes are expected to further enhance market performance, given the evolving safety standards and environmental regulations in the United States.

Future Outlook

US Pressure Vessel Market Future Outlook

The Pressure Vessel Market is projected to grow at a 5.15% CAGR from 2024 to 2035, driven by increasing demand in energy and manufacturing sectors.

New opportunities lie in:

  • Development of advanced composite pressure vessels for lightweight applications.
  • Expansion into renewable energy sectors with specialized storage solutions.
  • Implementation of IoT technology for real-time monitoring and maintenance.

By 2035, the pressure vessel market is expected to achieve robust growth and innovation.

Market Segmentation

US Pressure Vessel Market Product Outlook

  • Boilers
  • Nuclear reactors
  • Separators
  • Others

US Pressure Vessel Market Material Outlook

  • Steel alloys
  • Other alloys
  • Composites

US Pressure Vessel Market Application Outlook

  • Oil & Gas
  • Chemicals
  • Power generation
  • Others

Report Scope

MARKET SIZE 2024 9.5(USD Billion)
MARKET SIZE 2025 9.99(USD Billion)
MARKET SIZE 2035 16.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.15% (2024 - 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 Linde AG (DE), Air Products and Chemicals Inc (US), Siemens AG (DE), General Electric Company (US), Mitsubishi Heavy Industries Ltd (JP), Kawasaki Heavy Industries Ltd (JP), Emerson Electric Co (US), Atlas Copco AB (SE), Schlumberger Limited (US)
Segments Covered Material, Product, Application
Key Market Opportunities Adoption of advanced materials enhances efficiency and safety in the pressure vessel market.
Key Market Dynamics Rising demand for lightweight materials in pressure vessel manufacturing driven by regulatory and environmental considerations.
Countries Covered US

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FAQs

What is the expected market size of the US Pressure Vessel Market in 2024?

The US Pressure Vessel Market is expected to be valued at 9.5 billion USD in 2024.

What will be the market value of the US Pressure Vessel Market by 2035?

By 2035, the US Pressure Vessel Market is projected to reach a value of 17.0 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Pressure Vessel Market from 2025 to 2035?

The expected CAGR for the US Pressure Vessel Market from 2025 to 2035 is 5.433%.

Which material segment is expected to dominate the US Pressure Vessel Market in 2024?

The Steel Alloys segment is expected to dominate the market with a valuation of 5.0 billion USD in 2024.

What will be the market size of the Other alloys segment by 2035?

The Other alloys segment is anticipated to reach a market size of 4.5 billion USD by 2035.

Who are the key players in the US Pressure Vessel Market?

Major players in this market include Kiewit Corporation, Fluor Corporation, and Wärtsilä, among others.

What are the expected growth drivers for the US Pressure Vessel Market?

Growth drivers include increasing industrialization and the demand for energy-efficient systems.

How is the Composites segment performing in the US Pressure Vessel Market?

The Composites segment is valued at 2.0 billion USD in 2024 and is projected to grow to 3.5 billion USD by 2035.

What applications are driving growth in the US Pressure Vessel Market?

Applications in the oil and gas, chemical processing, and power generation sectors are driving market growth.

What market growth rate is expected for specific regions in the US Pressure Vessel Market?

The US Pressure Vessel Market is expected to exhibit consistent growth across all regions, influenced by local industrial activity.

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