As the global economy recovers in 2021 and the supply of the industrial chain improves, the Plug Valve market will undergo major changes. The Global Plug Valve Market is expected to grow by registering a CAGR of 4.6% during the forecast period (2022 - 2027). Due to increasing demand, especially from oil and gas, water treatment, and other industrial sectors, the plug valve market is expected to exhibit substantial growth over the forecast period.
The global Plug Valve industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Plug Valve market during the next few years. The global Plug Valve market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The Plug Valve market can be split based on product types, major applications, and important regions as follows:
Emerson Electric Co.
Val-Matic Valve & Mfg. Corporation
Non-Lubricated Plug Valve
Lubricated Plug Valve
Eccentric Plug Valve
Expanding Plug Valve
Two-Way Plug Valves
Three-Way Plug Valves