Plug Valves Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Plug Valves market including various factors related to and dependent influencing the market growth.
Plug valve is a quarter-turn on-off valve. The plug itself is often shaped like an upside-down ice cream cone or a cylinder. A handle on top allows the user to turn the plug valve so it rotates and stops or starts the flow of liquid. A minimum of two holes, known as ports, must exist in the plug for liquid to flow. The ports are located on opposite sides of the plug, and when the plug is turned to the open position it creates a passage for the liquid to flow through.
For industry structure analysis, the plug valves industry is fragmented. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top ten producers account for about 30% of the revenue market. Regionally, North America is the biggest production area of plug valves, also the leader in the whole valves industry.
North America occupied 28.37% of the production market in 2015. It is followed by EU and China, which respectively have around 24.84% and 21.16% of the global total industry. Other countries have a small amount of production. Geographically, North America was the largest consumption market in the world, which took about 24.26% of the global consumption volume in 2015. EU shared 21.1% of global total.
For forecast, the global plug valves revenue would keep increasing with annual growth rate with 3.5-6.0%, and a little higher speed in China. We tend to believe that this industry still has a bright future, considering the current demand of valves. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The Plug Valves market was valued at 3330 Million US$ in 2020 and is projected to reach 4630 Million US$ by 2030, at a CAGR of 4.2% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Plug Valves.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Plug Valves market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Plug Valves market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Plug Valves market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Plug Valves Market:
The major competitors working in the 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
Market by Order Type
Non-Lubricated
Lubricated Plug Valve
Eccentric Plug Valve
Expanding Plug Valve
Plug Valves Data by Application
Petroleum and Natural Gas Industry
Chemical Industry
Water Treatment Industry
Power Industry
Plug Valves Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Plug Valves market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Plug Valves Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Plug Valves market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Plug Valves market size and their forecasts
- To provide strategic profiles of the key players operating in the Plug Valves market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Plug Valves market
Target Audiences for Plug Valves Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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