The Global Plug Valves Market size is projected to reach USD XX.XX billion by 2028, from USD 10.65 billion in 2017, at a CAGR of 3.6% during the forecast period (2017-2028). The growing demand for oil & gas and chemical industries in emerging economies such as China and India are propelling the growth of the market globally. North America will continue to dominate the regional plug valves market throughout the forecast period due to higher penetration rates of plug valves in this region than any other region across all application sectors studied.
Plug valves are a kind of automatic control valve that shuts off or prevents the flow in one direction only. The plug is generally mounted inside an opening at the end of a tube and reciprocates within it to close off the passage. Sizes range from ¼ inch to 24 inches (DN600). Some varieties have interchangeable plugs for different sizes; others use plugs that come with the valve. Plug valves can be found either on top or below ground level depending on what type they are: Top Level-drainage, Bottom Level-piping/storage tanks.
On the basis of Type, the global plug valves market is segmented into DBB Valve, Four-Way Plug Valves, and Lined Plug Valves.
A DBB valve is also known as a duplex ball bearing check, and it’s made by rotating two balls against each other at the same time. The friction between these two balls causes them to exert equal pressure on both sides of the plug that can be opened or closed depending on their rotation direction. This type of valve has an advantage over conventional valves because they are less likely to stick open due to water accumulation within the body.
The Four-Way Plug Valves are the valves that allow flow in one direction. This valve can be used to control and direct fluid flows or isolate sections of pipeline systems. The four independent ports on this type of plug valve make it an excellent choice for use with hazardous fluids such as chemicals that may not react well when mixed together. For example, when you use this type of plug valve with compressed air or other gases such as oxygen, nitrogen, or argon they will only move one way – away from your supply source.
Lined plug valves are also called lined pipes, and they're a type of valve that is installed on the pipeline to control process flow. A linear-type lined pipe has an interior liner with continuous low resistance threads or ridges inside it as opposed to interrupting high-pressure springs found in ball valves. The main function of these valves is to regulate the amount of fluid flowing through them by using variable cross-sections for which there are usually four sizes available: small (S), medium (M) Large (L). The design handles both viscous fluids and higher viscosity materials such as fuels, lubricants, coolants, and slurries. They can be used not only for regulating but also throttling processes because they have very precise flow control.
On the basis of Application, The global plug valves market is segmented into Oil & Gas, Chemical Industry, Pharmaceuticals, Metallurgical Industry, Paper Industry, and Others.
The plug valves in Oil & Gas sector are mainly used to seal off the production tubing which is directly connected from wellhead to surface. The plug valve is an essential part of a drilling rig and it closes in oil or gas on any open tube string when there is no need for flow anymore, such as after completion of drilling operations. It stops all fluids from flowing through the pipe until released manually, allowing operators to stop leaks easily without interrupting operations elsewhere in the field.
Plug valves are used in the chemical industry to regulate the flows of liquids and gases. Plug valves can be installed either horizontally or vertically, depending on the application and requirement. It is used to regulate the flow of chemicals, water, and other liquids by shutting off or allowing passage through a pipe in an on-off manner. They can also be used for pressure relief if the container is under excessive pressure.
The plug valves used in the Pharmaceuticals industry are very similar to those that are employed in the Paper and Metallurgical industries. They allow flow from one side of a pipeline to another but close when pressure is applied in the opposite direction, preventing back-flow or cross-contamination. In this sense, pharmaceutical applications often require accurate metering at low pressures with high accuracy over long periods of time as well as being able to maintain cleanliness standards without accidental cross-contamination between products. The main types of plugs valves used for these purposes are four-way shut off plugs which can be opened by hand (as seen below), butterfly valve design which only requires 30% open area compared with other common designs such as ball check type valves, globe valve design, and stuffing box design.
Four-Way Plug Valves are used for the removal of unwanted gases from a process. To control and regulate the flow, they are installed at intervals along the pipeline to allow venting of excess pressure or vacuum (normally by means of an automatic valve). They have been successfully applied in many industries such as steelmaking, aluminum production, and refining plants.
Plug Valves in the Paper Industry are used to regulate and control various flow rates of liquids, gases, or other substances. They prevent the backflow of fluids that could contaminate paper products during production. Plug valves also allow for a reduction in vacuum pressures on equipment when not required by process requirements. The need for plug valves is increasing because they offer greater performance than many alternative devices such as pinch clamps which can fail due to excessive pressure conditions inside container systems (such as high-speed filling).
On the basis of Region, the global plug valves market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region accounted for the largest share of the overall plug valves market in 2018 due to higher manufacturing capacity with well-established industries such as oil and gas companies. In addition, this region has a lot more potential opportunities because it has seen an increase in investment from countries like China or India which are also major players in this arena. In contrast, there was less development in other regions such as Middle East & Africa amid regional conflicts impacting economic growth rates. As a result of these factors, while developed regions have shown strong demand on account of their advanced economies and infrastructure needs; emerging markets present considerable opportunity.
The global plug valves market is expected to witness significant growth in the forecast period due to the rise in demand for energy-efficient products. The growing population and economic development will have a positive impact on this sector, which aids in driving up the demand for these devices. Moreover, ongoing technological innovations are also likely to fuel the market over the coming years. Growth in the chemical industry and paper industry as well as the growth of oil & gas, pharmaceuticals, metallurgical industries. Increasing demand for safe operation at high temperatures also drives it to a certain extent. For instance: DBB Valve is used in hydrocarbon processing plants where liquid or gaseous substances are treated with chemicals or heat energy. It can be cited that this valve has been widely applied in petroleum refining processes such as distillation towers, crude stills, fractionating columns, and coiled condensers due to its capacity for working under low-pressure conditions without creating leakage issues. This factor is anticipated to push up the demand during the forecast period on account of increasing production rates from refineries globally.
Up Market Research published a new report titled “Plug Valves Sales Market research report which is segmented by Types (DBB Valve, Four-Way Plug Valve, Lined Plug Valves), By Applications (Oil & Gas, Chemical Industry, Pharmaceutical, Metallurgical Industry, Paper Industry, Others), By Players/Companies 3Z Valve, AMPO, AZ Armaturen, BUENO TECHNOLOGY, ChemValve, Flowserve, FluoroSeal, GALLI&CASSINA, M&J Valve, Mesto, MIAM, PACIFIC, RAM Universal, Schlumberger, Sigma Polymers Engineering, TUSEAL, China Lixin Valve Group, Luoyang Jianguang, SINOPEC Shanghai Valve Manufacturing, Shanghai Anticorrosive Valve Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Plug Valves Sales Market Research Report|
|By Type||DBB Valve, Four-Way Plug Valve, Lined Plug Valves|
|By Application||Oil & Gas, Chemical Industry, Pharmaceutical, Metallurgical Industry, Paper Industry, Others|
|By Companies||3Z Valve, AMPO, AZ Armaturen, BUENO TECHNOLOGY, ChemValve, Flowserve, FluoroSeal, GALLI&CASSINA, M&J Valve, Mesto, MIAM, PACIFIC, RAM Universal, Schlumberger, Sigma Polymers Engineering, TUSEAL, China Lixin Valve Group, Luoyang Jianguang, SINOPEC Shanghai Valve Manufacturing, Shanghai Anticorrosive Valve Group|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type DBB Valve, Four-Way Plug Valve, Lined Plug Valves and By Application Oil & Gas, Chemical Industry, Pharmaceutical, Metallurgical Industry, Paper Industry, Others.
Some of the companies that are profiled in this report are:
Plug Valves Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Plug Valves Sales 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 2028.
How you may use our products:
Reasons to Purchase the Plug Valves Sales Market Report:
Some other reports from this category!