Control Valves Market

Control Valves Market Size:

The global control valves market size reached US$ 9.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032. The market is experiencing strong growth driven by the increasing demand for oil and gas from the industrial, transportation and residential sector, the rising consumer preference for stainless steel product variants, and various technological advancements, such as the integration of Industrial Internet of Things (IIoT).

Control Valves Market Analysis:

• Market Growth and Size: The market is witnessing strong growth, driven by the expansion of industrial sectors across the globe. Besides, factors such as increased industrialization, infrastructure development, and stringent regulatory standards are expected to drive the market in coming years.
• Technological Advancements: Major technological advancements in control valve design and functionality are the integration of digital control systems and sensor technologies. Moreover, innovations such as predictive maintenance capabilities, remote monitoring, and wireless connectivity are revolutionizing control valve operations, enabling advanced maintenance and real-time decision-making.
• Industry Applications: Presently, control valves find extensive applications across various industries, including oil and gas, chemical, pharmaceutical, water and wastewater treatment, power generation, and HVAC systems. They play a critical role in regulating fluid flow, pressure, and temperature in various processes, ensuring optimal performance and safety. 
• Geographical Trends: North America and Europe are key markets due to the presence of established industries and investments in automation and digitalization initiatives. Besides, emerging economies in Africa and the Middle East are also expected to witness substantial market growth, driven by increasing industrial activities and infrastructure projects.
• Competitive Landscape: The control valves market has intense competition, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence. 
• Challenges and Opportunities: Challenges in the control valves market include pricing pressures, regulatory complexities, and the need to address cybersecurity risks. However, these challenges also present opportunities for market players to differentiate themselves through value-added services, such as predictive maintenance solutions and cybersecurity offerings.
• Future Outlook: The future outlook for the control valves market is expected to stay positive, driven by ongoing industrialization, urbanization, and digital transformation initiatives globally.
   

Control Valves Market Trends:

Industrial Automation and Digitalization

The market is driven by the rising adoption of industrial automation and the digitization of manufacturing processes. As industries strive for higher efficiency, reduced downtime, and increased productivity, the demand for advanced control valves is increasing across the globe. These valves are crucial in automating process controls, ensuring precise regulation of flow, pressure, and temperature within industrial systems. Besides, the integration of IoT and smart technologies in control valves allows for real-time data monitoring and decision-making, which enhances operational efficiency and predictive maintenance capabilities.

Technological Advancements

Technological advancements in control valves are also driving the market growth. Innovations in materials, design, and smart positioning technologies have led to the development of more efficient, durable, and reliable valves. Additionally, the integration of IoT and digitalization in valve technology enables predictive maintenance, remote monitoring, and real-time data analytics, enhancing operational efficiency and reducing downtime, which is also escalating the demand for advanced control valves.

Expanding Oil and Gas Industry

The expansion of the oil and gas sector is another factor propelling the market as control valves are indispensable for managing the flow, pressure, and temperature of oil, gas, and other intermediates. They are also used for upstream exploration and production to downstream refining and distribution. Besides, the rising exploration activities is escalating the need for robust, high-performance control valves. Moreover, the industry's shift toward unconventional resources such as shale gas requires advanced valve technologies for efficient extraction processes, thus driving the market.

Stringent Environmental Regulations

The implementation of stringent environmental and safety regulations are compelling industries to adopt high-quality control valves. As industries such as chemical, pharmaceutical, and power generation are particularly affected by these regulations, as they deal with hazardous fluids and gases, they are adopting certified, reliable, and efficient control valves, which can ensure safe operations and mitigate the risk of industrial accidents and environmental pollution, thus propelling the market growth.

Control Valves Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, size, technology, component, material, and end-use industry.

Breakup by Type:

• Rotary Valves
  • Ball Valve
  • Butterfly Valves
  • Plug Valves
• Linear Valves
  • Gate Valves
  • Diaphragm Valves
  • Other Valves
     

Linear valves accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes rotary valves (ball valve, butterfly valves, and plug valves) and linear valves (gate valves, diaphragm valves, and other valves). According to the report, linear valves represented the largest segment.

Linear valves represent the leading segment of the control valves market. These valves include a sliding stem that moves up and down or back and forth to regulate flow. These valves are widely utilized across various industries, including water and wastewater treatment, pharmaceuticals, and HVAC systems, where precise flow control is critical. They offer advantages such as accurate flow modulation, excellent throttling characteristics, and high levels of reliability and durability. Consequently, the linear valves segment is expected to maintain its dominance in the control valves market.

Rotary valves consist of a rotating disc or a cylindrical plug that regulates flow by changing the degree of rotation. They are widely used in industries such as oil and gas, chemical processing, and power generation for applications requiring throttling control of fluids with high flow rates. They have the ability to handle a wide range of viscosities, temperatures, and pressures and minimal maintenance requirements. As a result, there has been an escalating demand for rotary valves seg due to their versatility and suitability for specific industrial processes.

Breakup by Size:

• Up to 1"
• >1" to 7"
• >7" to 25"
• >25" to 50"
• >50" and Above
   

>1" to 7" holds the largest market share

A detailed breakup and analysis of the market based on the size have also been provided in the report. This includes up to 1", >1" to 7", >7" to 25", >25" to 50", and >50" and above. According to the report, >1" to 7" represented the largest segment.

The 1" to 7" segment represents the leading segment of the market, as it has a wide range of applications across multiple sectors such as oil and gas, chemical processing, water treatment, and HVAC systems. Valves in this size range are versatile and used for controlling flow rates, pressures, and temperatures in medium to large-scale processes. They are also essential components in pipelines, manufacturing plants, refineries, and power generation facilities as they offer reliable and precise control over fluid processes.

Control valves in up to 1" size range are commonly used in applications where precision control of flow, pressure, or temperature is required. These valves are found in laboratory equipment, pilot plants, and small-scale industrial processes. They play a crucial role in ensuring accuracy and efficiency in various applications where space constraints are a consideration.

Control valves within the 7" to 25" size range are commonly used in applications requiring higher flow rates and handling of larger volumes of fluids. These valves are utilized in medium to large-scale industrial processes such as petrochemical refining, water distribution networks, and industrial cooling systems. Their larger size allows for greater flow and higher capacity, making them suitable for applications where robust performance is essential.

Valves in the 25" to 50" size range are employed in heavy-duty industrial applications where substantial flow rates and high-pressure conditions are required. These valves are commonly found in large-scale petrochemical plants, power generation facilities, and municipal water treatment plants as their size and design make them capable of handling significant volumes of fluids with precision, ensuring reliable operation and optimal performance.

50" and above segment represents the largest valves used in industrial applications, for specialized applications requiring exceptionally high flow rates and handling of massive volumes of fluids. They are utilized in mega-scale industrial processes such as offshore oil and gas production, large-scale chemical processing plants, and municipal water distribution networks as their robust construction and advanced design enable them to withstand extreme operating conditions and provide precise control.

Breakup by Technology:

• Electric
• Hydraulic
• Manual
• Pneumatic
   

Pneumatic represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the technology. This includes electric, hydraulic, manual, and pneumatic. According to the report, pneumatic represented the largest segment.

Pneumatic control valves are the largest segment in the market as these valves offer quick response times, high reliability, and precise control over fluid flow, making them suitable for a wide range of applications across industries. They are extensively used in HVAC systems, manufacturing plants, water and wastewater treatment facilities, and process industries due to their efficiency, versatility, and cost-effectiveness.

Electric control valves utilize electric actuators to regulate fluid flow, pressure, and temperature in various industrial processes. These valves offer precise control and can be integrated with automation systems for remote monitoring and control. They are used in applications where accuracy, reliability, and responsiveness are crucial, such as in the chemical, pharmaceutical, and food and beverage industries.

Hydraulic control valves are powered using hydraulic fluid pressure, providing robust and reliable performance in high-pressure environments. These valves are commonly used in applications requiring heavy-duty operation, such as in oil and gas pipelines, power generation plants, and heavy machinery. Hydraulic control valves offer excellent control over fluid flow and are known for their durability and longevity.

Manual control valves are operated manually by adjusting handles, levers, or hand wheels to regulate fluid flow and pressure. As a result, they are essential in applications where simplicity, cost-effectiveness, and ease of operation are prioritized. Manual control valves are commonly found in small-scale industrial processes, laboratory settings, and pilot plants.

Breakup by Component:

• Actuators
• Valve Body
• Others
   

Actuators represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the component. This includes actuators, valve body, and others. According to the report, actuators accounted for the largest market share.

Actuators are crucial components that determine the responsiveness, accuracy, and reliability of control valves. It includes pneumatic, electric, hydraulic, and electro-pneumatic actuators that have distinct advantages in terms of speed, precision, and control capabilities. Presently, the demand for advanced actuators equipped with digital control features and remote monitoring capabilities is expected to rise as industries are adopting automated processes and smart manufacturing technologies.

The valve body represents the physical structure of the control valve that includes the internal components responsible for controlling fluid flow. It encompasses various valve types, including globe, butterfly, ball, and plug valves, each designed to suit specific application requirements such as flow control, pressure regulation, and shut-off. Valve bodies are manufactured from a variety of materials such as stainless steel, carbon steel, brass, and exotic alloys, depending on factors like fluid compatibility, operating conditions, and environmental considerations.

Breakup by Material:

• Stainless Steel
• Cast Iron
• Alloy Based
• Others
   

Alloy based represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the material. This includes stainless steel, cast iron, alloy based and others. According to the report, alloy based accounted for the largest market share.

Alloy-based materials represent the largest segment due to the versatility, strength, and corrosion resistance offered by them such as nickel alloys, titanium, and bronze. These alloys exhibit superior mechanical properties and chemical stability, making them ideal for handling corrosive fluids, high-pressure applications, and extreme temperature conditions. As a result, they are widely used in industries such as petrochemicals, power generation, and pulp and paper to ensure reliable and efficient operation of critical processes. Moreover, ongoing developments in alloy metallurgy and manufacturing techniques are increasing the applications of alloy-based control valves.

Stainless steel control has excellent corrosion resistance, durability, and high temperature tolerance, making them suitable for a wide range of industrial applications. They are widely used in industries such as oil and gas, chemical processing, and food and beverage to maintain process integrity and hygiene standards. Moreover, stainless steel valves offer superior performance in harsh operating environments that ensure long-term reliability and minimal maintenance requirements. As a result, the stainless steel segment continues to witness steady growth due to its widespread adoption across diverse industries and applications.

Cast iron control valves are renowned for their affordability, strength, and ease of machining, making them a popular choice for applications where cost-effectiveness and robustness are prioritized. Industries such as water and wastewater treatment, HVAC systems, and municipal infrastructure utilize cast iron valves for controlling fluid flow and pressure in various processes. Additionally, ongoing advancements in casting technology are improving the performance and longevity of cast iron valves, further escalating their demand.

Breakup by End-Use Industry:

• Oil & Gas
• Water & Wastewater Treatment
• Energy & Power
• Pharmaceutical & Healthcare
• Chemicals
• Building & Construction
• Others
   

Oil & gas industry holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes oil & gas, water & wastewater treatment, energy & power, pharmaceutical & healthcare, chemicals, building & construction, and others. According to the report, oil & gas accounted for the largest market share.

The oil & gas sector is the largest segment in the market due to its extensive use of valves in various operations such as upstream exploration, production, refining, and transportation. Control valves play a crucial role in regulating flow rates, pressure, and temperature in pipelines, wellheads, and refining processes. At present, there is an escalating demand for control valves due to continuous expansion of oil and gas exploration and production activities worldwide. Additionally, advancements in valve technology, such as high-pressure and high-temperature capabilities, corrosion resistance, and enhanced reliability is also driving their adoption in the oil and gas industry.

Control valves are used in the water & wastewater treatment industry in water distribution networks, sewage treatment plants, and industrial wastewater treatment facilities. These valves help regulate flow, pressure, and quality parameters to ensure efficient operation and compliance with regulatory standards. Additionally, technological advancements, such as smart water management systems and remote monitoring capabilities, are further boosting the adoption of control valves for efficient water and wastewater management.

The energy & power sector includes power generation facilities, such as thermal power plants, nuclear power plants, and renewable energy installations. Control valves are widely used in controlling steam, water, and fuel flows within power generation systems to optimize efficiency and ensure safe operation. Consequently, there is a growing need for advanced control valve solutions capable of handling diverse fuel types due to the shift toward cleaner and more sustainable energy sources. Moreover, the integration of digital control systems and predictive maintenance technologies is enhancing the reliability and performance of control valves in, increasing their adoption for traditional and renewable energy applications.

Control valves are utilized in the pharmaceutical & healthcare industry for various processes such as drug manufacturing, sterilization, and cleanroom environments. They help maintain precise control over fluid flows, pressures, and temperatures to ensure product quality, safety, and regulatory compliance. Consequently, with the increasing demand for pharmaceutical products, stringent quality standards, and the need for process automation, there is a growing demand for advanced control valve solutions. Furthermore, the emergence of biopharmaceutical manufacturing and personalized medicine technologies is also driving the adoption of control valves in this sector.

The chemicals industry uses control valves for precise control of chemical processes, including mixing, blending, and reaction control. They are crucial for maintaining accurate flow rates, controlling chemical compositions, and ensuring safe handling of hazardous substances. Besides, there is an escalating need for reliable and efficient control valve solutions in chemical manufacturing plants due to the growing demand for specialty chemicals, petrochemicals, and industrial gases. Moreover, stringent safety and environmental regulations are driving the adoption of advanced valve technologies that minimize emissions, reduce energy consumption, and enhance process efficiency in the chemicals sector.

In the building & construction industry, control valves are utilized in HVAC systems, plumbing networks, and fire protection systems. These valves help regulate fluid flows, temperatures, and pressures to maintain indoor comfort, ensure water efficiency. Additionally, the integration of smart building systems and IoT connectivity is enabling remote monitoring and control of valve operations to enhance building performance and occupant comfort.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest control valves market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America represents the largest segment in the control valves market, driven by the presence of advanced industries, including oil and gas, chemicals, and power generation. Besides, technological innovation and automation, coupled with stringent regulatory standards is also escalating the demand for advanced control valve solutions. Moreover, investments in infrastructure upgrades and the adoption of smart manufacturing practices is also contributing to market growth. Additionally, the increasing focus on sustainability and energy efficiency is driving the adoption of eco-friendly valve technologies. Furthermore, the presence of competitive control valve price and leading control valve brands are also propelling the market growth.

Asia Pacific is experiencing significant growth due to rapid industrialization, urbanization, and infrastructural development across countries such as China, India, and Japan. Besides, the region's expanding manufacturing sector, coupled with investments in energy and utilities is driving the demand for control valves in oil and gas and water treatment industries. Moreover, the adoption of Industry 4.0 initiatives and the integration of automation technologies is accelerating the market growth. Furthermore, with increasing emphasis on improving process efficiency and reducing operational costs, Asia Pacific is expected to witness positive growth in coming years.

Europe also represents a prominent segment in the control valves market due to the presence of established industries such as chemical processing, pharmaceuticals, and food and beverage. Besides this, the stringent regulatory framework regarding safety and environmental standards is also driving the adoption of advanced control valve solutions. Additionally, investments in renewable energy and sustainability initiatives further propels market growth. Furthermore, strategic collaborations and mergers and acquisitions is driving innovation and market expansion in the region.

Latin America’s expanding oil and gas sector, coupled with investments in mining, water management, and power generation is escalating the demand for control valves. Moreover, the adoption of advanced technologies such as IIoT and digitalization accelerates market growth as they enable real-time monitoring and optimization of industrial processes. Furthermore, with the region's growing emphasis on enhancing operational efficiency and sustainability, the control valves market is expected to grow in the coming years.

The Middle East and Africa is witnessing investments in the oil and gas industry, water infrastructure projects, and power generation facilities. Additionally, initiatives to improve water management and address environmental challenges is escalating the product demand in desalination, wastewater treatment, and irrigation sectors. Furthermore, the implementation of government initiatives to diversify economies and promote sustainable development is also propelling the market across the region.

Leading Key Players in the Control Valves Industry:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Christian Bürkert GmbH & Co. KG
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• IMI plc
• KITZ Corporation
• SAMSON AG
• Spirax-Sarco Engineering plc
• Valvitalia SpA
• Velan Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News: 

• In May 2022: Flowserve launched the improved design of the Valtek FlowTop control valve to meet the global requirements for general service and moderately severe service applications. This versatility is attracting a broader customer base such as water treatment facilities and chemical processing plants, thus expanding the company share in the market.

Control Valves Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the control valves market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global control valves market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the control valves industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.