Pressure Vessel Market

Company Headquarters: US Founded: 1886 Workforce: ~11,000 Company Working: Westinghouse Electric Company LLC (Westinghouse Electric), a subsidiary of Brookfield Business Partners, is engaged in offering products and services for nuclear power plants. It is a well-recognized provider of nuclear reactors and related technologies in the global market. The company operates through the components, fuel, engineering, outage services, automation, nuclear parts operations, long-term operations, plant modifications, enhanced safety, nuclear-integrated services, and fuel handling equipment & manufacturing categories. It primarily offers design and fabrication services for pressurized water reactors, VVER reactors (Voda Energo reactors), boiling water reactors, and advanced gas-cooled reactors. It generates revenue primarily by providing highly contracted and recurring services. Westinghouse Electric has a presence in more than 20 countries across the Americas, Europe Middle East & Africa, and Asia. It has an in-house research and development center and has more than 1,500 patents and nearly 900 US Nuclear Regulatory Commission licensed topical reports on nuclear reactors.

Company Headquarters: New Delhi, India Founded: 1964 Workforce: 39,821 Company Working: Bharat Heavy Electricals Ltd. is a holding company that operates as a whole power plant equipment manufacturer. The company’s business operations include design, engineering, manufacture, construction, testing, commissioning and servicing of the offered products. The company offers its products and services to the core industries which include power generation, and transmission, transportation, railways, renewable energy, oil & gas, water management and defense. The company offers products for power transmission which include power and instrument transformers, switchgears, control & protection devices, insulators, capacitors and others. .. The company also has leveraged its experience in solar PV, thus investing in the opportunities of the solar market. The company has power generation capacity of 549 billion units, from its thermal power plants. The company has operations in more than 82 countries across the globe.

Company Headquarters: Maharashtra, India Founded: 1986 Workforce: ~100 Company Working: Pressure Vessels is a leading manufacturer and exporter of pressure vessels, shell & tube heat exchangers, and distillation columns. Its products have applications in various industries, such as oil & gas, defense, petrochemical, chemical, water treatment, refrigeration, and refineries, marine, and solar. The company manufactures the pressure vessels under ASME certifications, such as ASME-U, ASME-R, and ASME-NB. It uses machines such as milling machines, rolling machines, forming press machines, spinning machines, and cranes to ensure smooth operations of its products. The company uses materials, such as stainless steel, carbon steel, copper & copper alloys, nickel & nickel alloys, and titanium for the production of its products. Pressure Vessels (India) exports its products all over the world, including the US, Egypt, the UAE, France, Taiwan, Japan, Norway, Australia, Spain, and Turkey.

Company Headquarters: Ohio, US Founded: 1955 Workforce: ~50 Company Working: Halvorsen Company is engaged in the business of providing steel, metal, and alloy plate rolling and roll bending services. It also specializes in designing, engineering, fabricating and manufacturing high-quality carbon and stainless-steel custom pressure vessels and tanks. The company designs, builds, and manufactures shells, process tanks, storage tanks, and pressure vessel components. It fabricates stainless steel, non-ferrous alloys, nickel alloys, aluminum, copper, brass, carbon steel, and corrosion & abrasion resistant alloys and manufactures products such as rolled cylinders, cones, rings, steel & alloy gear blanks, and agricultural equipment. Halvorsen Company has manufacturing and warehousing facilities in the US. Buckeye Fabricating Company, LaGrange Products Inc., Niles Steel Tank Company, BEPeterson Inc., and JNE Welding are some of its competitors.

Company Headquarters: Mumbai, India Founded: 1946 Workforce: ~49,921 Company Working: Larsen & Toubro Limited (L&T) is a diversified enterprise involved in construction, technology, engineering, and manufacturing areas. It is also engaged in the manufacturing of electrical and electronic equipment. L&T classifies its business operations into ten reportable segments: Infrastructure, Power, Heavy Engineering, Electrical and Automation, Hydrocarbon, IT and Technology Services, Financial Services, Defense Engineering, Developmental Projects, and Others. The company provides services for several sectors including hydrocarbon, infrastructure, power, process industries, and defense. The company provides turnkey solutions to industries such as fertilizer, refinery, chemical, petrochemical, oil and gas, thermal and nuclear power, aerospace, and defense. L&T is also involved in the manufacturing of switchgear components and switchboards, electronic energy meters protection systems, control and automation products, and industrial valves, welding, and cutting equipment. Rubber Processing Machinery is a part of the Machinery and Industrial Products Division of L&T. It offers a wide range of Rubber Processing Machinery. The unit was incorporated in 1972 as a joint venture between L&T and McNeil Akron Inc. of USA. Subsequently in 1995, L&T acquired the total ownership of the JV and made it as a Strategic Business Unit (SBU), known as Rubber Processing Machinery, retaining its popular name of L&T RPM. L&T RPM also offers Automation Solutions primarily for Tire Manufacturers. The company’s Automation Solutions include end-to-end Tire Handling Systems. Rubber Processing Machinery has over three decades of experience in producing world class machinery tailor made to customer requirements. It has a wide customer base spanning more than 44 countries. Geographically, the company classifies its operations into two regions: India and Foreign Countries. In FY2022, the company generated 64.4% of its revenue from India and 35.6% from Foreign Countries. L&T primarily operates in India and also has presence in Europe, the Middle East, Southeast Asia, and the Americas. The company has manufacturing facilities in India, Dubai, Saudi Arabia, Oman, Malaysia, and the UK and has its customers in 50 countries. L&T operates hydrocarbon engineering and project management centers in Mumbai, Vadodara, and Chennai and fabrication yards in Hazira, Gujarat, and Kattupalli, Tamil Nadu. It also operates a power equipment manufacturing facility at Hazira, Gujarat, India.

Established in 1962, Doosan Heavy Industries & Construction Co., Ltd is one of the Korea based companies engaged in supplying industrial facilities to both domestic and international plant markets. The company manufactures and installs various plant components, such as steam turbines, hydraulic turbines, condensers, and heat exchangers. Power business is operated through a separate segment. Doosan Heavy Industries & Construction entered a range of areas such as construction, food and beverages, engineering, media and culture, and has established the foundation of the corporation by modernizing and diversifying its management. The company has more than 40,000 employees spread throughout 38 countries, including the United States, Europe, Southeast Asia and India. The company provides the best solutions for the power generation and water industries. Doosan Babcock, Doosan Engineering & Construction and Doosan HF Controls Corporation, are some of subsidiaries of the company. Siemens and General Electric are major competitors of the company.