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.

According to this study, over the next five years the Plug Valves market will register a 4.5% CAGR in terms of revenue, the global market size will reach USD 4340 million by 2024, from USD 3330 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Plug Valves business, shared in Chapter 3.

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.

This study considers the Plug Valves value and volume generated from the sales of the following segments-

Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Non-Lubricated
Lubricated Plug Valve
Eccentric Plug Valve
Expanding Plug Valve
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Petroleum and Natural Gas Industry
Chemical Industry
Water Treatment Industry
Power Industry

This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Plug Valves consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Plug Valves market by identifying its various subsegments.
Focuses on the key global Plug Valves manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Plug Valves with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Plug Valves submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.