Stratistics MRC에 따르면, 플러그 밸브 세계 시장은 2025년에 46억 달러, 예측 기간 동안 CAGR은 6.8%를 나타낼 전망이며, 2032년에는 74억 달러에 이를 것으로 예측됩니다.
플러그 밸브는 챔버 내에서 원통형 또는 원추형 플러그를 회전시켜 파이프라인 내의 유체 흐름을 제어하는 데 사용되는 1/4 회전 밸브입니다. 고압 및 고온 환경에서도 안정적으로 조작이 가능합니다. 플러그 밸브는 그 내구성과 저유지관리성에 의해 석유 및 가스, 화학 처리, 수처리 등의 산업에서 일반적으로 사용되고 있습니다.
가혹한 환경에서의 견고한 성능
플러그 밸브는 고온, 압력 변동, 부식성 환경에 대한 내구성과 내성을 필요로 하는 용도로 널리 사용되고 있습니다.
높은 토크 요구 사항
다른 밸브 유형에 비해 플러그 밸브는 작동에 큰 힘을 필요로 하므로 자동화 시스템의 에너지 소비량이 증가하게 됩니다.
배기 가스 규제에 대한 관심 증가
산업계에서는 엄격한 규제에 대응하기 위해 배출가스 삭감 전략의 채택이 증가하고 있으며, 그 결과 뛰어난 씰 성능을 가진 밸브 수요가 높아지고 있습니다.
기존기업과 신흥기업의 치열한 경쟁
기존 기업은 광범위한 제품 포트폴리오와 첨단 기술로 강력한 발판을 구축하고 있으며 신규 진출기업이 시장 점유율을 얻는 것은 어렵습니다. 이로 인해 플러그 밸브 제조업체는 제품 라인업 강화가 요구되고 있습니다.
COVID-19의 대유행은 플러그 밸브 시장에 다양한 영향을 주어 공급망을 혼란시키는 동시에 신뢰성이 높은 산업 기기에 대한 수요를 가속화했습니다. 그러나 업계는 점차 변화하는 상황에 적응하고 자동화와 원격 감시를 중시하게 되었고, 그 신뢰성으로 플러그 밸브가 지지되었습니다.
예측 기간 동안 윤활식 플러그 밸브 부문이 최대가 될 전망
윤활식 플러그 밸브 분야는 예측 기간 동안 최대 시장 점유율을 차지할 것으로 예측됩니다. 마찰을 줄이는 능력은 수명을 보장하며 마모를 최소화하고 유지보수 주기를 연장합니다.
예측 기간 동안 수동 부문의 CAGR이 가장 높을 것으로 예상
예측 기간 동안 수동 부문은 간편성, 비용 효율성 및 낮은 유지 보수 용도에 대한 적합성으로 인해 가장 높은 성장률을 나타낼 것으로 예측됩니다. 산업에 있어서 매력적인 선택이 되고 있습니다. 인프라 프로젝트가 세계적으로 확대됨에 따라, 수동 플러그 밸브 수요는 특히, 기본적이면서 효율적인 유체 제어 기구를 우선하는 지역에서 높아질 것으로 예측됩니다.
예측 기간 동안 아시아태평양은 대규모 산업화와 인프라 개발로 최대 시장 점유율을 차지할 것으로 예측됩니다.
예측기간 중 북미는 석유 및 가스 인프라에 대한 투자 증가와 엄격한 환경 규제에 의해 가장 높은 CAGR을 나타낼 것으로 예측되고 있습니다.
According to Stratistics MRC, the Global Plug Valve Market is accounted for $4.6 billion in 2025 and is expected to reach $7.4 billion by 2032 growing at a CAGR of 6.8% during the forecast period. Plug valve is a quarter-turn valve used to control fluid flow in pipelines by rotating a cylindrical or conical plug inside a chamber. Designed for efficient sealing, it regulates liquids or gases by opening, closing, or throttling flow with minimal resistance. Its robust construction allows for reliable operation in high-pressure and high-temperature environments. Plug valves are commonly used in industries like oil and gas, chemical processing, and water treatment due to their durability and low maintenance. Variants include lubricated, non-lubricated, and expanding plug valves, each tailored for specific applications.
Robust performance in harsh environments
Plug valves are widely used in applications requiring durability and resistance to high temperatures, pressure variations, and corrosive environments. Their reliability and adaptability make them an essential component in industries such as oil and gas, chemical processing, and wastewater treatment. Additionally, technological advancements are improving their sealing mechanisms, enhancing operational longevity and minimizing maintenance costs.
Higher torque requirements
Compared to other valve types, plug valves need substantial force for actuation, which can lead to increased energy consumption in automated systems. This factor necessitates more powerful actuators, elevating the initial investment and ongoing operational expenses for end-users. Moreover, prolonged usage under high torque conditions can contribute to wear and tear, necessitating frequent servicing.
Increasing focus on fugitive emissions control
Industries are increasingly adopting emission-reduction strategies to meet stringent regulations which have led to higher demand for valves with superior sealing capabilities. Plug valves, known for their tight shutoff characteristics, are playing a crucial role in preventing leakage of hazardous gases and fluids. Manufacturers are also investing in sustainable materials and advanced sealing technologies to align with global sustainability goals.
Intense competition from established and emerging players
Established companies have a strong foothold with extensive product portfolios and advanced technologies, making it challenging for new entrants to capture market share. Additionally, the growing preference for ball valves and butterfly valves in certain applications is adding pressure on plug valve manufacturers to enhance their offerings. Competitive pricing strategies and continuous product innovation are becoming vital for companies to differentiate themselves in the market.
The COVID-19 pandemic had a mixed impact on the plug valve market, disrupting supply chains while also accelerating demand for reliable industrial equipment. Initial lockdowns and manufacturing halts led to production delays and shortages of critical components, affecting deliveries worldwide. However, industries gradually adapted to the changing landscape, emphasizing automation and remote monitoring, which favored plug valves due to their dependability. The crisis also reinforced the importance of robust pipeline infrastructure, prompting investments in efficient flow control solutions.
The lubricated plug valves segment is expected to be the largest during the forecast period
The lubricated plug valves segment is expected to account for the largest market share during the forecast period because these valves are highly sought after for their superior sealing properties and smooth operation, making them ideal for high-pressure applications. Their ability to reduce friction ensures longevity, minimizing wear and extending maintenance cycles. Industries such as oil and gas, petrochemicals, and wastewater treatment favor lubricated plug valves due to their effectiveness in handling viscous fluids and aggressive chemicals.
The manual segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the manual segment is predicted to witness the highest growth rate due to their simplicity, cost-effectiveness, and suitability for low-maintenance applications. Their ease of operation and reliability in non-critical systems make them an attractive choice for industries aiming to reduce operational complexity. As infrastructure projects expand globally, demand for manual plug valves is expected to rise, particularly in regions prioritizing basic yet efficient fluid control mechanisms.
During the forecast period, the Asia Pacific region is expected to hold the largest market share riven by extensive industrialization and infrastructure development. Rapid expansion in manufacturing, chemicals, and energy sectors is fueling the adoption of plug valves across diverse applications. Governments in countries like China and India are investing in pipeline projects and water treatment facilities, further bolstering market demand.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR with increasing investments in oil and gas infrastructure and stringent environmental regulations. The emphasis on improving pipeline efficiency and reducing emissions is driving demand for advanced plug valves with enhanced sealing capabilities. Additionally, technological advancements in valve automation and remote monitoring are boosting adoption in the region.
Key players in the market
Some of the key players in Plug Valve Market include W-industries, Velan, Val-Matic Valve & Mfg. Corporation, Swagelok, Siebe, Schlumberger, Pentair, NTGD Valve (China) Co. LTD, KSB SE, Kitz Corp, Henry Pratt Company, Flowserve, Emerson Electric Company, Daniels Techteam, Crane Co., Cameron International, Baker Hughes, Aalberts Industries and 3Z Plug Valve.
In January 2025, Emerson announced its agreement to acquire the remaining shares of AspenTech it does not already own, in an all-cash deal valued at $7.2 billion. This acquisition aims to strengthen Emerson's position in industrial automation.
In January 2025, Velan Inc. unveiled a set of strategic initiatives focused on improving its operational efficiency and competitive positioning in the global valve market. These efforts include streamlining manufacturing processes, optimizing its supply chain, and investing in advanced automation.