Pressure Vessels Market Size to Reach $73.24 Billion by 2031 | MarketsandMarkets™

Global pressure vessels demand is projected to reach USD 73.24 billion by 2031 from USD 57.55 billion in 2026, a CAGR of 4.9%. The analysis highlights power generation as the leading end-use sector, with boilers and nuclear plants driving demand for high-pressure containment. Processing vessels are expected to be the fastest-growing type from 2026 to 2031, fueled by more efficient, continuous processing in oil & gas, chemicals, and food & beverage industries. Asia Pacific is identified as the largest regional market and a fast-growing area due to industrialization and urbanization, with infrastructure development supporting adoption.