Global Plug Valves Market Growth 2023-2029

Global Plug Valves Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Plug Valves Industry Forecast” looks at past sales and reviews total world Plug Valves sales in 2022, providing a comprehensive analysis by region and market sector of projected Plug Valves sales for 2023 through 2029. With Plug Valves sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plug Valves industry.

This Insight Report provides a comprehensive analysis of the global Plug Valves landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plug Valves portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plug Valves market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plug Valves and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plug Valves.

The global Plug Valves market size is projected to grow from US$ 3821 million in 2022 to US$ 5150.3 million in 2029; it is expected to grow at a CAGR of 5150.3 from 2023 to 2029.

Global Plug Valves key players include Flowserve, Crane, Brdr. Christensens, Emerson, VETEC Ventiltechnik, etc.

North America is the largest market, with a share over 20%, followed by Europe and Asia(Except China), both have a share over 40%.

In terms of product, Lubricated Plug Valve is the largest segment, with a share over 50%. And in terms of application, the largest application is Petroleum and Natural Gas, followed by Chemical, Water Treatment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Plug Valves market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Non-Lubricated

Lubricated Plug Valve

Eccentric Plug Valve

Expanding Plug Valve

Segmentation by application

Petroleum and Natural Gas

Chemical

Water Treatment

Power

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plug Valves market?

What factors are driving Plug Valves market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plug Valves market opportunities vary by end market size?

How does Plug Valves break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.