Per ISO 7268:1983, PN stands for Pressure Nominal. The number immediately after the PN is the pressure rating in bar that the component shall be rated for.
PN16 then, is rated for 16 bar. 16 bar x 14.5 psi/bar = 232 psig.
PN20, is equivalent to Class 150, which, depending on the material table, is rated for 225 - 290 psig.