Market Overview:
The global plug valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plug valves from various end-use industries, such as the petroleum and natural gas industry, chemical industry, water treatment industry, and power industry. In addition, the growing demand for eccentric plug valves and expanding plug valves is also contributing to the growth of the global plug valves market.
Product Definition:
Plug valves are a type of valve that use a plug to block or allow the flow of fluid through the valve. They are often used in pipelines, where they can be opened and closed to stop or start the flow of oil, gas, or other fluids. Plug valves have several advantages over other types of valves: they are simple and easy to operate; they can be used in both directions (in and out); and they create very little turbulence in the fluid as it passes through them. This makes them ideal for use in pipelines.
Non-Lubricated:
Non-lubricated is a type of valve that does not require the use of any kind of lubricant to operate. The term “non-lubricated” is used to define two different types of valves, namely ball and plug. Ball non-lubricated valves are also known as blind or plug non-lubricated valves, depending upon their shape.
Lubricated Plug Valve:
Lubricated plug valve is a device that controls the flow of fluid by using a seal and an O-ring. The basic operation of the device is to permit flow in one direction only, while preventing backflow. These valves are used in applications where high accuracy and tightness in control are required along with maximum safety from pressure loss or contamination.
Application Insights:
The petroleum and natural gas industry accounted for the largest market share in 2017. The segment is expected to grow at a CAGR of XX% over the forecast period owing to increasing production of oil & gas across various countries, such as U.S., Brazil, Russia, Saudi Arabia and China. Moreover, technological advancements in drilling equipment are further expected to propel growth during the same period.
Chemical industry application is also anticipated to witness significant growth over the forecast period due to rising demand for chemicals across various industries worldwide including automotive, construction.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key valve manufacturing companies. The region is expected to maintain its dominance over the forecast period due to increasing demand for energy and petroleum products. In addition, growing need for water treatment in arid and semi-arid regions is anticipated to drive product demand over the forecast period.
The Asia Pacific regional market accounted for a significant share in terms of revenue as well as volume, on account of rapid industrialization coupled with expanding end-use industries such as chemical, petrochemical, power and water treatment sectors across emerging economies including China and India. Moreover, rising government initiatives towards sustainable development are also expected to fuel growth over the projected period.
Growth Factors:
- Increasing demand from oil and gas industry: Plug valves are extensively used in the oil and gas industry for various applications such as choke, kill, and flow control. The increasing demand for plug valves from this sector is expected to drive the market growth during the forecast period.
- Rising investments in infrastructure development: The global population is growing at a rapid pace, which is resulting in an increase in the investments made in infrastructure development projects across the world. This is expected to create opportunities for plug valve manufacturers and drive market growth during the forecast period.
- Growing popularity of smart cities: A large number of governments around the world are investing heavily in developing smart cities that use advanced technologies for efficient management of resources and improved quality of life for citizens. Plug valves are widely used in water distribution systems within smart cities, which is expected to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plug Valves Market Research Report
By Type
Non-Lubricated, Lubricated Plug Valve, Eccentric Plug Valve, Expanding Plug Valve
By Application
Petroleum and Natural Gas Industry, Chemical Industry, Water Treatment Industry, Power Industry
By Companies
Flowserve, Crane, Brdr. Christensens, Emerson, Weir, SchuF Group, AZ-Armaturen, Galli & Cassina, 3Z Corporation, Henry Pratt, ASKA, VETEC Ventiltechnik, FluoroSeal, Regus, Parker, Walworth, DeZURIK, Clow Valve, BREDA ENERGIA, GA Industries, Fujikin, Pister, SS Valve, Val-Matic, UNIMAC, Yuanda Valve, Hugong Valve, Yuandong Valve, KOKO Valve, Gongzhou Valve, Datian Valve, ENINE-PV, REMY Valve, Zhengquan Valve, Miko Valve
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Plug Valves Market Report Segments:
The global Plug Valves market is segmented on the basis of:
Types
Non-Lubricated, Lubricated Plug Valve, Eccentric Plug Valve, Expanding Plug Valve
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
Petroleum and Natural Gas Industry, Chemical Industry, Water Treatment Industry, Power Industry
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:
- Flowserve
- Crane
- Brdr. Christensens
- Emerson
- Weir
- SchuF Group
- AZ-Armaturen
- Galli & Cassina
- 3Z Corporation
- Henry Pratt
- ASKA
- VETEC Ventiltechnik
- FluoroSeal
- Regus
- Parker
- Walworth
- DeZURIK
- Clow Valve
- BREDA ENERGIA
- GA Industries
- Fujikin
- Pister
- SS Valve
- Val-Matic
- UNIMAC
- Yuanda Valve
- Hugong Valve
- Yuandong Valve
- KOKO Valve
- Gongzhou Valve
- Datian Valve
- ENINE-PV
- REMY Valve
- Zhengquan Valve
- Miko Valve
Highlights of The 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:
- Non-Lubricated
- Lubricated Plug Valve
- Eccentric Plug Valve
- Expanding Plug Valve
- By Application:
- Petroleum and Natural Gas Industry
- Chemical Industry
- Water Treatment Industry
- Power Industry
- 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 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.
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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?
A plug valve is a type of valve that uses a plunger to create an airtight seal. This seal helps to prevent water, gas, or other fluid from entering or leaving the valve.
Some of the major players in the plug valves market are Flowserve, Crane, Brdr. Christensens, Emerson, Weir, SchuF Group, AZ-Armaturen, Galli & Cassina, 3Z Corporation, Henry Pratt, ASKA, VETEC Ventiltechnik, FluoroSeal, Regus, Parker, Walworth, DeZURIK, Clow Valve, BREDA ENERGIA, GA Industries, Fujikin, Pister, SS Valve, Val-Matic, UNIMAC, Yuanda Valve, Hugong Valve, Yuandong Valve, KOKO Valve, Gongzhou Valve, Datian Valve, ENINE-PV, REMY Valve, Zhengquan Valve, Miko Valve.
The plug valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Plug Valves Market - Supply Chain
4.5. Global Plug Valves Market Forecast
4.5.1. Plug Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plug Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plug Valves Market Absolute $ Opportunity
5. Global 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. Plug Valves Market Size and Volume Forecast by Type
5.3.1. Non-Lubricated
5.3.2. Lubricated Plug Valve
5.3.3. Eccentric Plug Valve
5.3.4. Expanding Plug Valve
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Plug Valves Market Size and Volume Forecast by Application
6.3.1. Petroleum and Natural Gas Industry
6.3.2. Chemical Industry
6.3.3. Water Treatment Industry
6.3.4. Power Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Plug Valves Demand Share Forecast, 2019-2026
9. North America 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 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 Plug Valves Market Size and Volume Forecast by Application
9.4.1. Petroleum and Natural Gas Industry
9.4.2. Chemical Industry
9.4.3. Water Treatment Industry
9.4.4. Power Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plug Valves Market Size and Volume Forecast by Type
9.7.1. Non-Lubricated
9.7.2. Lubricated Plug Valve
9.7.3. Eccentric Plug Valve
9.7.4. Expanding Plug Valve
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 Plug Valves Demand Share Forecast, 2019-2026
10. Latin America 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 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 Plug Valves Market Size and Volume Forecast by Application
10.4.1. Petroleum and Natural Gas Industry
10.4.2. Chemical Industry
10.4.3. Water Treatment Industry
10.4.4. Power Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plug Valves Market Size and Volume Forecast by Type
10.7.1. Non-Lubricated
10.7.2. Lubricated Plug Valve
10.7.3. Eccentric Plug Valve
10.7.4. Expanding Plug Valve
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 Plug Valves Demand Share Forecast, 2019-2026
11. Europe 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 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 Plug Valves Market Size and Volume Forecast by Application
11.4.1. Petroleum and Natural Gas Industry
11.4.2. Chemical Industry
11.4.3. Water Treatment Industry
11.4.4. Power Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plug Valves Market Size and Volume Forecast by Type
11.7.1. Non-Lubricated
11.7.2. Lubricated Plug Valve
11.7.3. Eccentric Plug Valve
11.7.4. Expanding Plug Valve
11.8. Basis Point Sare (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 Plug Valves Demand Share, 2019-2026
12. Asia Pacific 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 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 Plug Valves Market Size and Volume Forecast by Application
12.4.1. Petroleum and Natural Gas Industry
12.4.2. Chemical Industry
12.4.3. Water Treatment Industry
12.4.4. Power Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plug Valves Market Size and Volume Forecast by Type
12.7.1. Non-Lubricated
12.7.2. Lubricated Plug Valve
12.7.3. Eccentric Plug Valve
12.7.4. Expanding Plug Valve
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 Plug Valves Demand Share, 2019-2026
13. Middle East & Africa 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 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 Plug Valves Market Size and Volume Forecast by Application
13.4.1. Petroleum and Natural Gas Industry
13.4.2. Chemical Industry
13.4.3. Water Treatment Industry
13.4.4. Power Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plug Valves Market Size and Volume Forecast by Type
13.7.1. Non-Lubricated
13.7.2. Lubricated Plug Valve
13.7.3. Eccentric Plug Valve
13.7.4. Expanding Plug Valve
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 Plug Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plug Valves Market: Market Share Analysis
14.2. Plug Valves Distributors and Customers
14.3. Plug Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flowserve
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Crane
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Brdr. Christensens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weir
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SchuF Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AZ-Armaturen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Galli & Cassina
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. 3Z Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Henry Pratt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ASKA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. VETEC Ventiltechnik
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FluoroSeal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Regus
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Parker
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Walworth
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DeZURIK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Clow Valve
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. BREDA ENERGIA
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. GA Industries
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
