Press release
Comprehensive Control Valve Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Control Valve Market
Control Valve Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of control valves has seen a quick expansion in the past years. The market is expected to rise from $7.5 billion in 2024 to $8.29 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%. The historical growth can be credited to factors like industrial growth, regulatory adherence, changes in the energy sector, infrastructure evolution, safety and environmental considerations, globalization, and the modernization of outdated infrastructure.
Control Valve Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the size of the control valve market is set to witness substantial growth. It is projected to attain a worth of $12.89 billion in 2029, with a compound annual growth rate (CAGR) of 11.7%. This growth during the forecast period is attributable to factors such as the emphasis on energy efficiency, environmental sustainability, the need for high-performance valves, focus on preventive maintenance, growth in emerging markets, and market consolidation. Key emerging trends in this forecast period encompass intelligent valve technology, integration with Industry 4.0 and IIOT, digitization and remote monitoring, modular valve design, and the usage of advanced materials and coatings.
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What Are the Drivers Transforming the Control Valve Market?
Anticipated growth in the oil & gas and power sectors is set to push expansion in the control valve market. The term 'oil & gas industry' encompasses entities engaged in resource discovery, transportation to refineries, and conversion into a usable product. The power sector, on the other hand, involves companies that supply power like gas, and electricity for home and business uses. The surging oil & gas and power sectors necessitate the need for control valves for processing and distribution. For example, data from the US Energy Information Administration in October 2023 reveals that the U.S. crude oil output rose to 12.4 million b/d in 2023, up from a record high of 11.7 million b/d in 2022. Moreover, in September 2022, the daily consumption of natural gas in the US averaged at 86.6 billion cubic feet (Bcf/d) in 2022, marking the country's highest annual natural gas consumption compared to the previous year. Consequently, the escalation in the oil & gas and power sectors is fostering the growth of the control valves market.
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What Are the Key Trends Driving Control Valve Market Growth?
The control valve market is seeing significant strides from leading corporations, particularly in the development of specialized valves such as butterfly valve sets aimed at optimizing flow balance in control valve applications. A butterfly valve, which controls fluid flow in pipes or tubes using a rotating disk, is a quarter-turn valve variant. For example, in July 2022, Valmet, a Finnish firm specializing in process technologies, unveiled the Neles Q-Disc, an advanced feature aimed at enhancing flow balance in control valve applications. The Q-Disc, a part of Valmet's extensive butterfly valve portfolio, is specially engineered for control applications, addressing the complexities of process conditions. It not only circumvents issues with oversized actuators, but also offers an economical and energy-saving solution. Furthermore, the Q-Disc deals effectively with cavitation issues and brings about a substantial noise reduction of up to 12 dB under certain flow conditions. In terms of options, modularity is available for a variety of butterfly valves, thereby boosting reliability and efficiency in process operations.
Which Segments in the Control Valve Market Offer the Most Profit Potential?
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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Which Firms Dominate the Control Valve Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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
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