IMARC Group's report titled "Control Valves Market Report by Type (Rotary Valves, Linear Valves), Size, Technology (Electric, Hydraulic, Manual, Pneumatic), Component (Actuators, Valve Body, and Others), Material (Stainless Steel, Cast Iron, Alloy Based, and Others), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceutical & Healthcare, Chemicals, Building & Construction, and Others), and Region 2024-2032". 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. 

Factors Affecting the Growth of the Control Valves Industry:

  • Technological Advancements:

The field of valve technology is witnessing continuous advancements, particularly with the integration of smart and digital control valves. These modern valves are equipped with sophisticated features that enable enhanced accuracy, reliability, and efficiency in various process control systems. Moreover, the incorporation of intelligent functionalities such as self-diagnosis, predictive maintenance, and real-time data analytics transforms traditional valves into dynamic tools optimizing operational processes, representing another major growth-inducing factor. Nowadays, industries across the spectrum are adopting these advanced control valves as they seek to improve their system responsiveness, minimize downtime, and achieve energy efficiency.

  • Rising Investments in Infrastructure:

Various governments, particularly in developing regions, are investing in infrastructure projects, which in turn propels the demand for control valves. These valves are essential in various infrastructure systems, including water treatment facilities, power generation plants, and HVAC systems, where they regulate flow and pressure to ensure safe and efficient operations. Moreover, the expansion of urban areas and the subsequent need for modernized infrastructure necessitate the adoption of reliable and efficient control valves to manage essential services and utilities effectively. As new projects are commissioned and existing systems are upgraded to accommodate growing populations and industrial activities, the requirement for sophisticated control valves is expected to surge, thereby driving market growth.

  • Expanding Oil & Gas Exploration and Production:

The rising energy demand is prompting an expansion in oil and gas exploration and production activities. In addition, control valves are integral to the oil and gas sector, where they are employed extensively across upstream, midstream, and downstream operations. In exploration and production, these valves regulate the flow of oil and gas, maintain pressure levels, and ensure the safety and efficiency of extraction processes. Moreover, the transportation of hydrocarbons via pipelines to the refining processes, where precise control is necessary to optimize yields and process efficiency is propelling the market growth. Along with this, the robustness, durability, and precision of control valves make them indispensable in the demanding environments of the oil and gas industry, thus propelling market growth.

Leading Companies Operating in the Global Control Valves Industry:

  • 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

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/control-valves-market/requestsample

Control Valves Market Report Segmentation:

By Type:

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

Linear valves represent the largest market share due to their versatility in regulating flow and pressure across various applications.

By Size: 

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

The >1" to 7" range holds the largest market share as it accommodates a wide range of industrial processes without sacrificing precision or efficiency.

By Technology: 

  • Electric
  • Hydraulic
  • Manual
  • Pneumatic

Pneumatic represents the largest market segment due to its reliability, cost-effectiveness, and suitability for various industrial environments.

By Component: 

  • Actuators
  • Valve Body
  • Others

Actuators account for the largest market segment due to their crucial role in automating valve operations and ensuring precise control over fluid flow.

By Material:

  • Stainless Steel
  • Cast Iron
  • Alloy Based
  • Others

Alloy-based materials dominate the market segment due to their superior resistance to corrosion, rising temperatures, and pressure, ensuring durability and longevity in demanding industrial settings.

By End-Use Industry: 

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

The oil & gas sector accounts for the largest market segment due to the critical role of control valves in regulating flow and maintaining operational efficiency in upstream, midstream, and downstream processes.

Market 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

Global Control Valves Market Trends:

At present, control valves are equipped with smart technology such as sensors, actuators, and communication capabilities that offer enhanced monitoring, diagnostics, and control functionalities, allowing for better optimization of processes and predictive maintenance. Moreover, the integration of control valves with Industrial Internet of Things (IIoT) platforms enables remote monitoring, data analytics, and predictive maintenance which fosters the development of smart factories and enhances overall operational efficiency. Besides this, customers are seeking customized control valve solutions tailored to their specific requirements. Along with this, manufacturers are offering modular designs and configurable options that provide flexibility and scalability, facilitating easier integration into existing systems.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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