Market Overview:
The global expanding plug valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The gear-operated segment is expected to grow at the highest CAGR during the forecast period. The oil & gas segment is expected to dominate the global expanding plug valves market in terms of revenue in 2018. However, the chemical industry segment is projected to grow at the highest CAGR during the forecast period.
Product Definition:
An expanding plug valve is a type of check valve that uses an expanding plug to seal against the seat and prevent reverse flow. The expanding plug is a tapered cone-shaped piece that fits into the valve's throat. As it expands, it presses against the seat and seals the valve closed. Expanding plug valves are often used in high-pressure applications where other types of check valves may not be strong enough to withstand the pressure.
Hand Wheel Operated:
Hand wheel operated (HWO) expansion plug valves are used to control the flow of liquids and gases in pipes. They are mainly applied in high-pressure situations where manual operation is possible without causing any harm to the materials being transported. The product finds its application majorly in petrochemical, power generation, refining & gas transmission sectors. It also finds its usage as a By-Pass valve (BPV) for vacuum systems and pressure boosting applications among others.
Gear Operated:
Gear Operated and it's usage in Expanding Plug Valves market is driven by factors such as rising demand for energy efficient products, increasing awareness regarding the benefits of gear-operated valves, and stringent regulations pertaining to environmental protection. The growing need for controlling water pressure in industrial processes has led to an increased use of gear-operated valves. These devices are used across a wide range of industries including oil & gas, power generation, food & beverage processing and mining among others.
Application Insights:
The oil & gas application segment is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the growing demand for crude oil and natural gas across various regions, including Asia Pacific, North America, and Europe. Expanding plug valves are widely used in onshore and offshore facilities for controlling the flow of fluids into or out of tanks or pipelines with high safety closure systems owing to its compact design that prevents leakage even if pressure is lost during system operation.
Growing demand for crude oil from domestic as well as foreign markets has resulted in an increased number of onshore and offshore installations around the world which require expanding plug valves accordingly. In addition, increasing investments by companies operating in upstream & midstream sectors such as E&P companies along with those made by governments are expected to boost product demand over the coming years globally thereby driving segment growth further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region expanding plug valves market over the forecast period. The growth of this region can be attributed to increasing demand from countries such as China, India, and Japan. In addition, rising investments in various sectors including oil & gas and chemical are anticipated to drive product demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for a revenue share of 22% in 2017 owing to high product adoption across several industries including aviation & marine fueling stations and oil & gas industry. Moreover, technological advancements coupled with growing industrialization is further expected fuel regional expansion over the next eight years. North America also accounted for a significant revenue share owing to high awareness regarding safety standards associated with products especially during transportation processes thus driving their adoption across end-use applications such as fueling stations or other industries requiring continuous flow of fluids such as food processing units or paper machines among others).
Growth Factors:
- Increasing demand from oil and gas industry: The global oil and gas industry is expanding at a rapid pace, owing to the increasing demand for energy. This is expected to drive the demand for expanding plug valves in the coming years.
- Growing investments in infrastructure development: There is a growing focus on infrastructure development across the globe, which is expected to create opportunities for expanding plug valves market players.
- Rising popularity of smart cities: The concept of smart cities is gaining traction across the globe, as it offers various advantages such as improved efficiency and reduced environmental impact. This is likely to boost the adoption of expanding plug valves in upcoming projects related to smart cities.
- Proliferation of digital technologies: Digital technologies are revolutionizing various industries, including manufacturing sector. This is likely to create opportunities for expanding plug valves market players in the near future..5
Scope Of The Report
Report Attributes
Report Details
Report Title
Expanding Plug Valves Market Research Report
By Type
Hand Wheel Operated, Gear Operated, The Gear commands the largest market share segments and are growing fastest
By Application
Oil & Gas, Chemical Industry, Aviation & Marine Fueling Stations, Other
By Companies
ERIKS-VE, Omni Valve, National Oilwell Varco, Western Valve, VALVOSPAIN, Franklin, Arflu, Control Seal, Maverick Valve, Med, Imperial Valve, KOKO Valve, Safval Valve Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Expanding Plug Valves Market Report Segments:
The global Expanding Plug Valves market is segmented on the basis of:
Types
Hand Wheel Operated, Gear Operated, The Gear commands the largest market share segments and are growing fastest
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Industry, Aviation & Marine Fueling Stations, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ERIKS-VE
- Omni Valve
- National Oilwell Varco
- Western Valve
- VALVOSPAIN
- Franklin
- Arflu
- Control Seal
- Maverick Valve
- Med
- Imperial Valve
- KOKO Valve
- Safval Valve Group
Highlights of The Expanding Plug Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hand Wheel Operated
- Gear Operated
- The Gear commands the largest market share segments and are growing fastest
- By Application:
- Oil & Gas
- Chemical Industry
- Aviation & Marine Fueling Stations
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Expanding Plug Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Expanding plug valves are used to increase the flow of fluid through a pipeline. They are inserted into the pipeline and have a small opening at one end that is larger than the other. When pressure is applied to the smaller end, it causes the valve to expand and allow more fluid through.
Some of the major players in the expanding plug valves market are ERIKS-VE, Omni Valve, National Oilwell Varco, Western Valve, VALVOSPAIN, Franklin, Arflu, Control Seal, Maverick Valve, Med, Imperial Valve, KOKO Valve, Safval Valve Group.
The expanding plug valves market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Expanding Plug Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Expanding Plug Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Expanding Plug Valves Market - Supply Chain
4.5. Global Expanding Plug Valves Market Forecast
4.5.1. Expanding Plug Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Expanding Plug Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Expanding Plug Valves Market Absolute $ Opportunity
5. Global Expanding Plug Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Expanding Plug Valves Market Size and Volume Forecast by Type
5.3.1. Hand Wheel Operated
5.3.2. Gear Operated
5.3.3. The Gear commands the largest market share segments and are growing fastest
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Expanding Plug Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Expanding Plug Valves Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Chemical Industry
6.3.3. Aviation & Marine Fueling Stations
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Expanding Plug Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Expanding Plug Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Expanding Plug Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Expanding Plug Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Expanding Plug Valves Demand Share Forecast, 2019-2026
9. North America Expanding Plug Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Expanding Plug Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Expanding Plug Valves Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Chemical Industry
9.4.3. Aviation & Marine Fueling Stations
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Expanding Plug Valves Market Size and Volume Forecast by Type
9.7.1. Hand Wheel Operated
9.7.2. Gear Operated
9.7.3. The Gear commands the largest market share segments and are growing fastest
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Expanding Plug Valves Demand Share Forecast, 2019-2026
10. Latin America Expanding Plug Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Expanding Plug Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Expanding Plug Valves Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Chemical Industry
10.4.3. Aviation & Marine Fueling Stations
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Expanding Plug Valves Market Size and Volume Forecast by Type
10.7.1. Hand Wheel Operated
10.7.2. Gear Operated
10.7.3. The Gear commands the largest market share segments and are growing fastest
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Expanding Plug Valves Demand Share Forecast, 2019-2026
11. Europe Expanding Plug Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Expanding Plug Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Expanding Plug Valves Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Chemical Industry
11.4.3. Aviation & Marine Fueling Stations
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Expanding Plug Valves Market Size and Volume Forecast by Type
11.7.1. Hand Wheel Operated
11.7.2. Gear Operated
11.7.3. The Gear commands the largest maket share segments and are growing fastest
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Expanding Plug Valves Demand Share, 2019-2026
12. Asia Pacific Expanding Plug Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Expanding Plug Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Expanding Plug Valves Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Chemical Industry
12.4.3. Aviation & Marine Fueling Stations
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Expanding Plug Valves Market Size and Volume Forecast by Type
12.7.1. Hand Wheel Operated
12.7.2. Gear Operated
12.7.3. The Gear commands the largest market share segments and are growing fastest
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Expanding Plug Valves Demand Share, 2019-2026
13. Middle East & Africa Expanding Plug Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Expanding Plug Valves Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Expanding Plug Valves Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Chemical Industry
13.4.3. Aviation & Marine Fueling Stations
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Expanding Plug Valves Market Size and Volume Forecast by Type
13.7.1. Hand Wheel Operated
13.7.2. Gear Operated
13.7.3. The Gear commands the largest market share segments and are growing fastest
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Expanding Plug Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Expanding Plug Valves Market: Market Share Analysis
14.2. Expanding Plug Valves Distributors and Customers
14.3. Expanding Plug Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ERIKS-VE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Omni Valve
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Oilwell Varco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Western Valve
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VALVOSPAIN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Franklin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arflu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Control Seal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Maverick Valve
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Med
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Imperial Valve
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KOKO Valve
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Safval Valve Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
