A composite pressure vessel is used to store gases at a relatively higher pressure. The vessel is an important part of the industrial infrastructure for safe gas & liquid handling. Composite vessels not only weigh way less than steel and aluminum vessels but also improve performance, key factors driving their use in a variety of applications such as oil refineries, aerospace, defense, research, nuclear reactors, gas storage, and automotive. Characteristics, such as excellent corrosion resistance, high stiffness, high strength, and longer life cycles compared to metal cylinders, further give an impetus to the demand for composite pressure vessels.
This report contains market size and forecasts of Composite Pressure Vessels in global, including the following market information:
Global Composite Pressure Vessels Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Composite Pressure Vessels Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Composite Pressure Vessels companies in 2021 (%)
The global Composite Pressure Vessels market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cylindrical Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Composite Pressure Vessels include Catalina Cylinders, Everest Kanto Cylinder, Faber Industrie SPA, Hexagon Composites ASA, Iljin Composites, Luxfer Holdings PLC, NPROXX B.V, Quantum Fuel Systems LLC and Steelhead Composites, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Composite Pressure Vessels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Composite Pressure Vessels Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Composite Pressure Vessels Market Segment Percentages, by Type, 2021 (%)
Cylindrical
Spherical
Others
Global Composite Pressure Vessels Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Composite Pressure Vessels Market Segment Percentages, by Application, 2021 (%)
Gas Transport
Gas Storage
Others
Global Composite Pressure Vessels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Composite Pressure Vessels Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Composite Pressure Vessels revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Composite Pressure Vessels revenues share in global market, 2021 (%)
Key companies Composite Pressure Vessels sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Composite Pressure Vessels sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Catalina Cylinders
Everest Kanto Cylinder
Faber Industrie SPA
Hexagon Composites ASA
Iljin Composites
Luxfer Holdings PLC
NPROXX B.V
Quantum Fuel Systems LLC
Steelhead Composites
Worthington Industries
Beijing Tianhai Industry