Market research Future Pressure Vessel Market 2018 Global Share, Trend. | Page 3

Pressure vessel market Research Report- Forecast to 2023
2 Market Overview
The growth of the pressure vessel market is majorly driven by the growing need for electricity around the
world, customizability of pressure vessels and increasing usage in the power generation sector. However,
the growth of this market can be restrained by the decrease in the mining of metals.
The growing attention towards the renewable energy sector has also promoted the pressure vessel market
immensely. Due to the growing scarcity of natural fuels, more attention is given to the renewable energy
resources, which is benefitting the growth of pressure vessel market. The customizability of pressure
vessels is another key driver for the global pressure vessel market. On the other hand, the drop in mining
activities is expected to restrain the pressure vessels market to a certain degree. Pressure vessels need large
amount of metal, since they need to safeguard with a barrier thick enough to contain even highly reactive
and potentially destructive materials. Thus, the decrease in the mining of metals is expected to restrain the
pressure vessels industry.
Market Segmentation:
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