What is the Control Valve Market Size?
According to 6Wresearch internal database and industry insights, the
Global control valve market was valued at approximately
USDâ¯17.4â¯billion in 2024 and is projected to reach
USDâ¯23.9â¯billion by 2031, growing at a
CAGR of 5.8%.
Growth is driven by the increasing need for process optimization, industrial automation, and stringent regulatory standards in sectors such as oil & gas, power, and water treatment.
Key Growth Drivers in the Control Valve Market
- Increase in automation and digitalization of the manufacturing and process industry
- The emerging solutions to the need of precision in flow control and process optimization
- Stringent environmental and safety regulations across key markets
- Replacement of aging valve infrastructure in energy, utilities, and chemical industries
- Adoption of smart and IoT-enabled control valves to monitor performance and reduce downtime
Control Valve Market Trends
The control valve market is evolving with the integration of smart, IoT-enabled valves equipped with advanced actuator control and diagnostics. Valves offering predictive maintenance capabilities help prevent unscheduled downtime and extend asset lifespan. Digital twins and cloud-connected valve networks allow operators to simulate and optimize system performance.
The transformation of the traditional pneumatic valves to electric and hybrid type promotes energy efficiency and fast control. Others like oil & gas, power generation as well as water & wastewater treatment industries are increasingly using control valves with high accuracy and conformance to obtain environmental standards. Moreover, wireless and remote diagnostics of valves is gaining acceptance, since facility access and operator safety requirements. APAC continues to lead regional growth, spurred by industrial expansion, infrastructure development, and evolving utility schemes.
Major Companies in the Control Valve Market
- Emerson Electric Co.
- Flowserve Corporation
- Cameron (Schlumberger)
- IMI plc
- Metso Corporation
- Crane Co.
- Curtiss-Wright Corporation
Velan Inc.
Control valve market size : FAQs
The market was valued at USD 17.4 billion in 2024 and is expected to grow at a CAGR of 5.8%, reaching USD 23.9 billion by 2031.
Key sectors include oil & gas, power generation, water & wastewater treatment, chemicals, and manufacturing.
Smart valves with IoT features, electric and hybrid valve-actuator models, and wireless diagnostic-enabled valves are in high demand.
Asia-Pacific accounts for the fastest growth, followed by North America and Europe, due to industrial modernization and infrastructure investment.
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