Control Valve Market Overview:
Global Control Valve Market size and share is currently valued at USD 9.99 billion in 2024 and is anticipated to generate an estimated revenue of USD 17.07 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034.
The control valve market is witnessing significant growth due to increasing demand for efficient flow control systems in industries such as oil and gas, water and wastewater, and power generation. These valves play a crucial role in ensuring process automation and operational efficiency.
Key Market Drivers:
- Rising Demand for Automation: The adoption of industrial automation in manufacturing and process industries is driving the demand for advanced control valves.
- Expansion of Energy and Power Sectors: Growing investments in energy and power generation projects, including renewable energy, are boosting the use of control valves.
- Stringent Environmental Regulations: The need for precise flow control to minimize waste and comply with environmental norms is further propelling the market.
Key Companies in Control Valve Market:
- Emerson Electric Co.
- Flowserve Corporation
- IMI plc
- Alfa Laval AB
- AVK Holding A/S
- Eaton
- Honeywell International, Inc.
- Velan Inc.
- Burkert Fluid Control System
- Valvitalia SpA
Industry Developments
The industry has seen technological advancements such as the integration of IoT and smart sensors in control valves, enabling real-time monitoring and predictive maintenance. Key players are focusing on partnerships and acquisitions to expand their product portfolios and geographic reach. The push toward energy-efficient and eco-friendly solutions is also shaping product development.
Future Outlook
The control valve market is expected to grow steadily, driven by advancements in automation technologies and increasing investments in infrastructure and energy sectors. Emerging economies are anticipated to offer substantial growth opportunities.
Explore the Complete Comprehensive Report Here: https://www.polarismarketresearch.com/industry-analysis/control-valve-market
Control Valve Market Segmentation:
Polaris Market Research has segmented the control valve market report based on deployment mode, offering, threat type, organization size, and vertical, providing detailed insights into market dynamics and opportunities.
By Component Outlook (Revenue – USD Billion, 2020 – 2034)
- Actuators
- Valve Body
- Others
By Type Outlook (Revenue – USD Billion, 2020 – 2034)
- Linear valve
- Rotary valve
By Material Outlook (Revenue – USD Billion, 2020 – 2034)
- Stainless steel
- Cast Iron
- Alloy Based
- Others
By Size Outlook (Revenue – USD Billion, 2020 – 2034)
- Less than 1″
- Between 1″ to 6″
- Between 6″ to 25″
- Between 25″ to 50″
- More than 50″
By End-use Industry Outlook (Revenue – USD Billion, 2020 – 2034)
- Oil & Gas
- Chemicals
- Energy & Power
- Water & Wastewater Treatment
- Food & Beverages
- Pharmaceuticals
- Others
Control valves are critical components in modern industrial operations, enabling precise flow control and process optimization. With ongoing technological advancements and rising demand across industries, the market is set for sustained growth.