Control Valves Market Size, Share, And Growth Report 2032

Control Valves Market: Size

The global Control Valves Market size was worth around USD 9.02 billion in 2023 and is predicted to grow to around USD 14.49 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Control Valves Market on a global and regional level.

Request Free Sample

Control Valves Market: Overview

Control valves regulate the liquid flow by variable flow dimensions of the flow passageway of a gas or fluid in a system, as guided by a signal from a controller. These valves are utilized to maintain operational situations like liquid level, pressure, flow, and temperature.

The global control valves market is likely to experience significant growth over the upcoming years, owing to the flourishing power generation industry, swift industrialization, and substantial technological developments witnessed in mechanical engineering-based procedures. Rising investments in process industries, such as energy and power, food and beverages, petrochemical, oil and gas, and pharmaceutical, are also expected to increase the demand for control valves in the years to come. However, the lack of skilled labors may hamper the global control valves market development in the future. Alternatively, the escalating demand by various industries for IoT and Industry 4.0 architecture in emerging countries is likely to set new opportunities for the major players operating in the control valves market.

Request Free Sample

Control Valves Market: Segmentation

The study provides a crucial view of the control valves market by segmenting it based on valve type, component, valve size, end-use industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of the valve type, the global control valves market includes butterfly, ball, plug, gate, diaphragm, and piston.

By component, this global market is fragmented into actuators, valve body, and others. The valve size segment of the control valves market includes above 50”, between 25” and 50”, between 6” and 25”, between 1” and 6”, and up to 1”.

The end-user industry segment comprises food and beverages, oil and gas, chemicals, energy, and power, water and wastewater treatment, construction, pulp and paper, pharmaceuticals, and others. The oil and gas industry was the most attractive segment in 2018 globally and is anticipated to hold the maximum share of the control valve market in the upcoming years.

Control Valves Market: Report Scope

Control Valves Market: Regional Analysis

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa, which further includes the key countries like the U.S., UK, Germany, France, China, Japan, India, Brazil, and South Africa. 

North America was the leading region for control valves and held a significant share of the global control valves market in 2023. The Asia Pacific region is estimated to register the highest CAGR in the control valves market globally over the forecast time period. This growth can be mainly attributed to the adoption of automated valve operations in end-user industries across the region and the increasing demand for control valves, especially from energy and power, food and beverages, water and wastewater, and pharmaceutical industries.

Control Valves Market: Competitive Players

Some major players of the global control valves market are:

• Flowserve Corporation
• Velan
• IMI
• Emerson Electric
• Alfa Laval
• Eaton
• AVK Holding
• Burkert Fluid Control System
• Honeywell International
• Valvitalia

The Global Control Valves Market is segmented as follows:

Global Control Valves Market: Valve Type Analysis

• Butterfly
• Ball
• Plug
• Gate
• Diaphragm
• Piston

Global Control Valves Market: Component Analysis

• Actuators
• Valve Body
• Others

Global Control Valves Market: Valve Size Analysis

• Up to 1”
• Between 1” and 6”
• Between 6” and 25”
• Between 25” and 50”
• Above 50”

Global Control Valves Market: End-Use Industry Analysis

• Food and Beverages
• Oil and Gas
• Chemicals
• Energy and Power
• Water and Wastewater Treatment
• Construction
• Pulp and Paper
• Pharmaceuticals
• Others

Global Control Valves Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa