• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    US Pressure Vessel Market

    ID: MRFR/E&P/14390-HCR
    100 Pages
    Garvit Vyas
    September 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

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    US Pressure Vessel Market Research Report — Global Forecast till 2035 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    US Pressure Vessel Market Summary

    The United States pressure vessel market is projected to grow from 9.5 USD billion in 2024 to 17 USD billion by 2035.

    Key Market Trends & Highlights

    US Pressure Vessel Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 5.43 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 17 USD billion, indicating robust growth potential.
    • In 2024, the market is valued at 9.5 USD billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced manufacturing technologies due to increasing safety regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 9.5 (USD Billion)
    2035 Market Size 17 (USD Billion)
    CAGR (2025-2035) 5.43%

    Major Players

    Kiewit Corporation, Fluor Corporation, Wärtsilä, Atlas Copco, Doosan Heavy Industries, Thermo Fisher Scientific, Mitsubishi Heavy Industries, Cameron, SPX Corporation, Linde Plc, Civmec, The Babcock and Wilcox Company, General Electric, Hoffman Engineering, Ametek

    US Pressure Vessel Market Trends

    The US Pressure Vessel Market is currently influenced by several important trends that define its trajectory. One of the key market drivers is the rising demand for energy, particularly from sectors such as oil and gas, which require safe and efficient pressure vessels for their operations. Additionally, the expansion of renewable energy sources, including solar and wind power, is also contributing to the demand for specialized pressure vessels designed for specific applications.

    The need for stringent safety and compliance regulations further enhances the demand, as industries must adhere to standards set forth by bodies like the American Society of Mechanical Engineers (ASME) and the Occupational Safety and Health Administration (OSHA).Opportunities in the US market are emerging from advancements in materials and technology, allowing for the development of lighter, more durable pressure vessels that can withstand extreme conditions. This shift not only increases efficiency but also enhances safety, making it a significant opportunity for manufacturers to explore new designs and materials.

    The ongoing trend of automation and digitalization in industrial processes is also influencing the market, with smart pressure vessels that can monitor performance and predict maintenance needs gaining popularity. Recent times have seen a heightened focus on sustainability within the US Pressure Vessel Market.Companies are increasingly prioritizing eco-friendly practices and materials, attracting a growing number of environmentally conscious clients. The energy transition towards greener solutions is pressing manufacturers to innovate and respond accordingly.

    As industries evolve, collaborative approaches among stakeholders, including manufacturers, regulatory bodies, and end-users, will likely shape the future landscape of pressure vessels in the US, ensuring safety, efficiency, and sustainability remain at the forefront of market developments.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    US Pressure Vessel Market Segment Insights:

    US Pressure Vessel Market Segment Insights:

    Pressure Vessel Market Material Insights

    Pressure Vessel Market Material Insights

    The 'US Pressure Vessel Market' reveals a multifaceted landscape, particularly within the Material segment, which plays a vital role in the performance and safety of pressure vessels employed across various industries, including oil and gas, chemical processing, and power generation. The primary materials utilized encompass Steel Alloys, Other Alloys, and Composites, each contributing unique advantages and characteristics essential for specific applications. Steel Alloys are widely recognized for their strength, durability, and versatility, making them a preferred choice in high-pressure applications.

    Their ability to withstand extreme temperatures and corrosive environments enhances their practicality in various challenging conditions within the US manufacturing sectors.On the other hand, Other Alloys, such as nickel-based and titanium alloys, cater to specialized applications where enhanced corrosion resistance and higher strength-to-weight ratios are required. These materials are crucial for sectors like aerospace and marine, where equipment is subjected to severe conditions. As such, the inclusion of these alloys in the US Pressure Vessel Market highlights the ongoing innovation in material science aimed at improving efficiency and safety.

    Moreover, Composites are emerging as favorable alternatives due to their lightweight nature and excellent resistance to corrosion, further expanding opportunities for advancing pressure vessel design. Their composition enables manufacturers in the US to reduce overall vessel weight while maintaining structural integrity, thus improving fuel efficiency in transport applications and reducing emissions. This shift towards lighter materials is increasingly relevant in an environment focused on sustainability. Overall, the dynamics within the Material segment of the US Pressure Vessel Market showcases a trend towards high-performance, specialized materials driven by the need for greater efficiency, safety, and environmental consideration.

    The ongoing research and development within these material categories foster competitive advancements, ensuring that the industry meets the demanding standards set forth by regulatory bodies and industry stakeholders alike. These trends illustrate the significance of the Material segment as a core driver of growth and innovation within the overarching framework of the US Pressure Vessel Market industry.

    Pressure Vessel Market Product Insights

    Pressure Vessel Market Product Insights

    The US Pressure Vessel Market has been significantly shaped by various products, including Boilers, Nuclear reactors, Separators, and Others. Boilers are essential in several industries such as power generation and manufacturing, providing steam for heating and power, thereby driving considerable demand. Nuclear reactors play a crucial role in energy production, representing an important component of the US's clean energy strategy and contributing to the overall energy mix.

    Separators are vital in oil and gas extraction processes, enabling efficient separation of different phases and enhancing production efficiency.The Others category encompasses a range of pressure vessels used in diverse applications, showcasing the market's versatility. The increasing focus on energy efficiency and safety regulations across various sectors is expected to influence future developments within these product types, creating opportunities for innovation and growth in the US Pressure Vessel Market. Overall, understanding the dynamics of this Product segment provides valuable insights into market trends and growth potential within the industry.

    Pressure Vessel Market Application Insights

    Pressure Vessel Market Application Insights

    The Application segment of the US Pressure Vessel Market plays a critical role in various industries, reflecting significant growth potential and opportunity. The Oil and Gas sector is vital for energy production and requires pressure vessels for safe storage and transportation of fluids under high pressures. Meanwhile, the Chemicals industry leverages these vessels for different processes, including reactions, storage, and transportation, thus driving market demand.

    The Power Generation sector is another key player, utilizing pressure vessels in steam generation systems and nuclear power facilities to ensure operational efficiency and safety.Additionally, the Others category encompasses applications in construction, food processing, and pharmaceuticals, further diversifying market opportunities. These industries collectively contribute to the US Pressure Vessel Market revenue by necessitating robust and reliable vessels to handle various operational demands and safety requirements.

    Given the growing emphasis on safety, compliance with regulations, and advancements in material technology, the overall application landscape is expected to see substantial progress, ensuring operational integrity and efficiency across all relevant sectors.Overall, the market segmentation illustrates the multifaceted nature of the Pressure Vessel Market and its strategic importance to critical industries within the US economy.

    Get more detailed insights about US Pressure Vessel Market Research Report — Global Forecast till 2035

    Key Players and Competitive Insights

    The US Pressure Vessel Market is highly competitive, marked by a diverse array of players ranging from independent manufacturers to established global firms. Companies in this sector are increasingly focusing on innovation, efficiency, and sustainability to address the growing demand for pressure vessels across various industries, including oil and gas, power generation, and chemical processing. The market dynamics are shaped by stringent regulations, technological advancements, and fluctuating raw material prices. With the rise in industrial activities and investments in infrastructure development, the need for reliable and durable pressure vessels is more prominent than ever.

    Companies must leverage their capabilities in engineering, manufacturing, and customer service to gain a competitive edge. The continuous push for process optimization and safety in operations further compels businesses to enhance their product offerings and maintain robust supply chains.Kiewit Corporation has carved a notable presence in the US Pressure Vessel Market through its strong engineering and construction expertise. Renowned for its comprehensive approach, Kiewit leverages its extensive project management experience to efficiently oversee complex installations and ensure the quality and safety of pressure vessel applications.

    The company boasts a workforce that is highly skilled in meeting industry standards, which contributes to its robust reputation among clients in sectors such as energy and water facilities. The organization’s financial strength allows for significant investment in research and development, enabling the introduction of innovative pressure vessel solutions tailored for specific applications, thus positioning Kiewit as a formidable competitor in this arena.Fluor Corporation has established itself as a key player in the US Pressure Vessel Market, offering a wide range of services that include engineering, procurement, and construction management.

    The company's commitment to sustainability and innovation is reflected in its focus on designing pressure vessels that optimize performance while minimizing environmental impacts. Fluor’s extensive portfolio includes key products that cater to critical industries such as petrochemicals and nuclear power. The firm has strengthened its market presence through several strategic mergers and acquisitions, allowing it to enhance its technical capabilities and broaden its service offerings. This expansion not only increases Fluor's competitive edge but also enables it to meet diverse customer requirements effectively.

    With a customer-centric approach and a well-established reputation for delivering large-scale projects on time, Fluor Corporation continues to solidify its position in the US Pressure Vessel Market, underlining the importance of comprehensive service delivery and innovation in achieving long-term success.

    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.

    Market Segmentation

    Outlook

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 8.62(USD Billion)
    MARKET SIZE 2024 9.5(USD Billion)
    MARKET SIZE 2035 17.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.433% (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 Kiewit Corporation, Fluor Corporation, Wärtsilä, Atlas Copco, Doosan Heavy Industries, Thermo Fisher Scientific, Mitsubishi Heavy Industries, Cameron, SPX Corporation, Linde Plc, Civmec, The Babcock and Wilcox Company, General Electric, Hoffman Engineering, Ametek
    SEGMENTS COVERED Material, Product, Application
    KEY MARKET OPPORTUNITIES Growing chemical processing sector, Rising demand in renewable energy, Aging infrastructure requiring upgrades, Expansion in hydrogen storage solutions, Increasing regulations for safety standards
    KEY MARKET DYNAMICS regulatory compliance, technological advancements, growing industrial applications, increasing safety standards, demand for energy efficiency
    COUNTRIES COVERED US

    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.

    Report Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials