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 global Plug Valves market is valued at 3330 million US$ in 2018 is expected to reach 4630 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2019-2025.
This report focuses on Plug Valves volume and value at global level, regional level and company level. From a global perspective, this report represents overall Plug Valves market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Segment by Type
By type
Lubricated
Non-lubricated
Eccentric
Expanding
Sleeved
Lined
By material
Alloys
Steel
Iron
Segment by Application
Petroleum and Natural Gas Industry
Chemical Industry
Water Treatment Industry
Power Industry
Summary:
Get latest Market Research Reports on Plug Valves . Industry analysis & Market Report on Plug Valves is a syndicated market report, published as Global Plug Valves Market Research Report 2019. It is complete Research Study and Industry Analysis of Plug Valves market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.