Press release
Global Control Valve Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Control Valve
What Is the Control Valve Market Size and Projected Growth Rate?
Rapid expansion has been observed in the control valve market size in the past few years. The market growth 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 growth during the historical period could be ascribed to factors such as industrial expansion, regulatory compliance, the dynamics of the energy sector, infrastructure development, concern for safety and environment, globalization, and the upgrading of antiquated infrastructure.
In the coming years, the control valve market is slated to experience significant expansion. The market is projected to reach a value of $13.37 billion by 2029, with a compound annual growth rate (CAGR) of 12.2%. Factors contributing to this robust growth during the projected period include a focus on energy efficiency, environmental sustainability, need for high-efficiency valves, emphasis on preventive upkeep, growth in nascent markets, and market consolidation. Leading trends during the forecasted period encompass smart valve technology, integration of industry 4.0 and IIOT, digitization and remote surveillance, modular valve design, as well as advanced materials and coatings.
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What Are the Major Segments in the 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
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What Are The Driving Control Valve Market Evolution?
The expansion of the oil & gas and power sectors is anticipated to fuel a surge in the control valve market. The oil & gas industry is characterised by firms engaged in the exploration, transportation and refinement of resources into consumable products. Meanwhile, companies providing power sources such as gas and electricity for personal and commercial applications represent the power sector. The escalating growth in these industries mandates the deployment of control valves for both the processes of distribution and refinement. In demonstration, the US Energy Information Administration reported a rise in U.S. crude oil output to 12.4 million b/d in 2023 from the record-high 11.7 million b/d in 2022, as of October 2023. Additionally, the US witnessed a record-breaking consumption of an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022, as per data from September 2022. As a consequence of these industry expansions, the control valves market is envisaged to attain significant growth.
Which Firms Dominate The Control Valve Market Segments?
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 Trends Are Expected to Dominate the Control Valve Market in the Next 5 Years?
In the control valve market, leading businesses are creating specialized valves including butterfly valve series to enhance the flow balance in control valve functions. A butterfly valve, a quarter-turn valve variety, employs a spinning disk to manage liquid flow through a tube or pipe. For instance, in July 2022, Valmet, a process technology developer and provider from Finland, introduced Neles Q-Disc, a high-performance feature aimed at flow balance in control valve functions. Q-Disc, part of Valmet's wide-ranging butterfly valve offerings, is devised specifically for control applications to effectively tackle complications in intricate process conditions. Its major advantages comprise of eliminating oversized actuators and providing a cost-effective and energy-efficient solution. The Q-Disc also addresses issues including cavitation and brings about a noticeable noise reduction of up to 12 dB under certain flow circumstances. The modularity feature, applicable to an array of butterfly valves, enables increased reliability and efficiency in total process operations.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Control Valve Market?
2. What is the CAGR expected in the Control Valve Market?
3. What Are the Key Innovations Transforming the Control Valve Industry?
4. Which Region Is Leading the Control Valve Market?
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