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.
The market for Plug Valves is expected to grow at a CAGR of roughly 4.5% over the next five years, will reach 4340 million US$ in 2023, from 3330 million US$ in 2017, according to a new study.
This article focuses on the Plug Valves in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application., 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., The worldwide market for Plug Valves is expected to grow at a CAGR of roughly 4.5% over the next five years, will reach 4340 million US$ in 2023, from 3330 million US$ in 2017.
Plug Valves Market Segment by Regions, regional analysis covers North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Major classifications are as follows: Non-Lubricated Lubricated Plug Valve Eccentric Plug Valve Expanding Plug Valve. Major applications are as follows: Petroleum and Natural Gas Industry Chemical Industry Water Treatment Industry Power Industry.
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