How Has the Control Valve Market Size Evolved in Recent Years?
The control valve market has seen considerable growth due to a variety of factors.
• The scale of the control valve market has significantly expanded over recent times. It is projected to escalate from $7.5 billion in 2024 to $8.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.2%. The remarkable growth during the historical period is often associated with factors such as industrial growth, regulatory adherence, changes in the energy sector, development of infrastructure, safety and environmental considerations, global integration, and the modernization of outdated infrastructure.
What are the Market Size and Expected Growth Rates for the Control Valve Market?
The Control Valve market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of control valves is poised for a significant surge in the forthcoming years, reaching $13.37 billion in 2029 with a CAGR of 12.2%.
The expansion within the forecast period is driven by the emphasis on energy efficiency and environmental sustainability, increased need for high-performance valves, an emphasis on preventive maintenance, growth in developing markets, and market consolidation. Among the leading trends anticipated in the forecast period are technology advancements in smart valves, integration of Industry 4.0 and IIOT, digitalization coupled with remote monitoring, modular valve designs, and advancements in materials and coatings.
Which Key Drivers Are Propelling The Control Valve Market's Growth?
The control valve market is expected to expand, driven by the growth in the oil & gas and power sectors. The term oil & gas industry covers firms involved in the discovery, transportation, and refining of these resources into finished products. The power industry, on the other hand, consists of companies that supply gas and electricity for both domestic and commercial purposes. The buoyant oil & gas and power sectors necessitate the use of control valves for processing and distribution. To exemplify, the US Energy Information Administration reported in October 2023 that U.S. crude oil production increased to 12.4 million b/d in 2023, up from a record high of 11.7 million b/d in 2022. Additionally, the US consumed a daily average of 86.6 billion cubic feet of natural gas (Bcf/d) in 2022, marking the highest annual natural gas consumption in the US compared to preceding years. Hence, the thriving oil & gas and power sectors are propelling the progress of the control valves market.
What Are The Key Segments Within The Global Control Valve Market?
The control valve market covered in this report is segmented –
1) By Type: Linear, Rotary
2) By Component: Valve Body, Actuator, Other Components
3) By Material: Stainless Steel, Alloy-Based, Cast Iron, Cryogenic, Other Materials
4) By Industry: Oil And Gas, Water And Wastewater Treatment, Energy And Power, Pharmaceuticals, Food And Beverage, Chemicals, Building And Construction, Paper And Pulp, Metals And Mining, Other Industries
Subsegments:
1) By Linear: Globe Valves, Gate Valves, Pinch Valves, Diaphragm Valves
2) By Rotary: Ball Valves, Butterfly Valves, Plug Valves, Disc Valves
Pre-Book The Control Valve Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Control Valve Market?
Leading firms in the control valve market are innovating with features like butterfly valve ranges, enabling better flow regulation within control valve applications. Butterfly valves, which are a quarter-turn valve variety employing a spinning disk for fluid flow management within a tube or pipe, are on the rise. For example, Valmet, a Finnish company specializing in process technologies, introduced the Neles Q-Disc in July 2022. This high-performance adjunct is built to improve flow regulation in control valve applications. Part of Valmet's diverse butterfly valve product line, Q-Disc is tailored to address challenges in intricate process environments. It offers significant advantages, including the prevention of oversized actuators and a cost-effective, energy-efficient solution. The Q-Disc effectively manages issues such as cavitation and offers substantial noise reduction, even up to 12 dB under certain flow conditions. A modular alternative is also offered for different butterfly valves, substantially enhancing reliability and operational efficiency.
Who Are the Key Players In The Control Valve Market?
Major companies operating in the control valve market include:
• Schlumberger Limited
• Alfa Laval AB
• Conbraco Industries Inc.
• Arca Regler GmbH
• Burkert Fluid Control Systems
• Cla-Val Co.
• Crane Holdings Co.
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corp.
• General Electric Company
• IMI plc
• Kitz Corporation
• Lapar Control Valve Co. Ltd.
• Neway Flow Control Co.Ltd.
• Taylor Valve Technology Inc.
• Velan Inc.
• Baker Hughes Company
• Metso Corporation
• CIRCOR International Inc.
• AVK Holding A/S
• Eaton Corp. plc
• Festo AG & Co.
• Georg Fischer Ltd.
• Hitachi Ltd.
• ITT Inc.
• KSB SE & Co. KGaA
• Leser GmbH & Co.
• Parker Hannifin Corporation
• Pentair plc
• Rotork plc
• Smiths Group plc
• The Weir Group plc
• Xylem Inc.
What Are The Regional Insights Into The Control Valve Market?
North America was the largest region in the control valve market in 2024. The regions covered in the control valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
