Global Plug Valve market: Market Overview

The valves are the crucial industrial parts used to control the fluids and gases. The global valve market is expected to grow with significant CAGR in the forecast period owing to rise in demand for the oil and gas, mining, water treatment, and other industrial and residential applications. The valves are available in different designs, sizes and specifications based on different applications. The various types of valves present in the market include globe valve, butterfly valve, globe valve, flange type diaphragm valve, needle valve, and ball valve. Valves find its application in both industrial sectors such as oil & gas, chemicals, pharmaceutical, power generation, manufacturing, waste water treatment, food and beverages as well as civil sectors including household applications, commercial building applications, and municipality applications.

Global Plug Valve market: drivers and restraints

The global plug valve market is majorly driven by the waste and water treatment applications. Waste water and water treatment in the recent times has crucial importance in the global scenario owing to acute shortage of water in many parts of the world. Moreover, stringent government regulations and various initiatives were taken to overcome water shortage problem favor the growth of global plug valve market. Moreover, the increase in demand for the petroleum and natural gas industries, power industry, and need to have workplace safety also contribute severely to the growth of plug valve market. Moreover, the operational safety, low energy consumption of the plug valve, high-performance process, cost effectiveness in the working process, and reduction in the friction and easy maintenance propels the market demand for the global plug valve market. However, the factors such as declining growth in the oil and gas industry, need of actuators in NPS 4 and other larger valves, a requirement of greater force, and a high cost of plug valve as compared to that of ball valves hampers the plug valve market growth.

Global Plug Valve market: segmentation

Global plug valve market has been segmented into product type, material type, and application.

Based on the product type, the global plug valve market is segmented into following:

  • Lubricated
  • Non-lubricated
  • Eccentric
  • Expanding
  • Sleeved
  • Lined

Base on the material type, the global plug valve market is segmented into following:

  • Alloys
  • Steel
  • Iron

Based on the application, the global plug valve market is segmented into following

  • Petroleum and Natural Gas
  • Chemical Industry
  • Water and Waste Treatment
  • Power Industry
  • HVAC Industry

Global Plug Valve market: Segment overview

The global plug valve market in its application segment is majorly driven by the water and waste management. The stringent environmental laws along with growing need for the global wastewater treatment supported by various government initiatives and critical condition favor the global plug valve market. The triggered need in the oil and gas industry also has the prominent market share in the significant growth of the global plug valve market. It is thus expected to have significant CAGR during the forecast period.

Global plug valve market: Regional overview

Based on the geographical division, the global plug valve market is segmented into seven regions namely North America, Eastern Europe, Latin America, Western Europe, Japan, Middle East and Africa and Asia Pacific excluding Japan. The Global demand generation of the plug valve market is dominated by the North America. Owing to considerable demand from various chemical, power, and wastewater treatment industries supported by the significant number of market players in the region facilitate the demand for the global plug valve market. The Europe considering its Eastern and Western region also has the prominent contribution in the growth of the global plug valve market. Asia Pacific excluding Japan is expected to be the prominent market in the forecasted period owing to increasing investment in the industrial development of the region, the critical need for the efficient and effective waste water treatment, and demand for various such applications propels the growth of plug valve market in the region. The regulations and initiatives taken by the regional government support the growth of global plug valve market during the forecast period

Global plug valve market: Market players

Some of the prominent players of the global plug valve market includes Flowserve Corporation, Crane Co., Brdr. Christensen ApS, Emerson, The Weir Group PLC, AZ-Armaturen GmbH, 3Z Corporation. The increasing energy needs in the oil and gas industries, automation in the process, and stringent emission regulations enforced by the government triggers the global demand for the global plug valve market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Plug Valve Market

Pre Book