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Los Angeles, CA -- (SBWire) -- 10/17/2018 --This report studies the global Plug Valves market status and forecast, categorizes the global Plug Valves market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

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.

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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.

The global Plug Valves market is valued at 3330 million US$ in 2017 and will reach 4630 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2018-2025.

The major manufacturers covered in this report

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

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

North America

Europe

China

Japan

Southeast Asia

India

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