What is Global Expanding Plug Valves Market?
The Global Expanding Plug Valves Market is a specialized sector within the broader industrial valves industry. These valves are designed to control the flow of fluids or gases through a pipeline. The unique feature of expanding plug valves is their ability to provide a tight seal even in the presence of high pressure or temperature. This makes them ideal for use in various industries such as oil and gas, chemical, and aviation fueling stations. The market for these valves is growing globally due to their efficiency and reliability. However, the market is also influenced by various factors such as the cost of raw materials, the level of industrial activity, and technological advancements in valve design and manufacturing.
Hand Wheel Operated, Gear Operated in the Global Expanding Plug Valves Market:
Hand Wheel Operated and Gear Operated are two types of expanding plug valves based on their operation mechanism. Hand Wheel Operated valves are manually controlled by turning a wheel or handle. They are simple to use and require no external power source, making them suitable for small-scale applications. On the other hand, Gear Operated valves use a gear mechanism to open and close the valve. This allows for more precise control over the flow of fluid, making them ideal for larger, more complex industrial applications. Both types of valves have their own advantages and are chosen based on the specific requirements of the application.
Oil & Gas, Chemical Industry, Aviation & Marine Fueling Stations, Others in the Global Expanding Plug Valves Market:
The Global Expanding Plug Valves Market finds its usage in various sectors. In the Oil & Gas industry, these valves are used to control the flow of oil and gas in pipelines. They are preferred due to their ability to withstand high pressures and temperatures, which are common in this industry. In the Chemical Industry, these valves are used to control the flow of various chemicals during the manufacturing process. Their ability to provide a tight seal helps in preventing leaks, which can be hazardous in this industry. Aviation & Marine Fueling Stations use these valves to control the flow of fuel. They are chosen for their reliability and efficiency. Other sectors also use these valves for similar purposes.
Global Expanding Plug Valves Market Outlook:
The Global Expanding Plug Valves Market was valued at US$ 154.8 million in 2022. It is expected to reach US$ 190.9 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period 2023-2029. The United States holds the largest market share of about 33%, followed by Europe with a market share of about 29%. The top five companies in terms of global revenue share in the Expanding Plug Valves Market are ERIKS-VE, Omni Valve, National Oilwell Varco, Western Valve, and VALVOSPAIN. These companies collectively account for 50% of the market's revenue share.
| Report Metric | Details |
| Report Name | Expanding Plug Valves Market |
| Accounted market size in 2022 | US$ 154.8 million |
| Forecasted market size in 2029 | US$ 190.9 million |
| CAGR | 3.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ERIKS-VE, Omni Valve, National Oilwell Varco, Western Valve, VALVOSPAIN, Franklin, Arflu, Control Seal, Maverick Valve, Med, Imperial Valve, KOKO Valve, Safval Valve Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
