Control Valves Market Size, Share, Growth, and Industry Analysis, By Type (Up to 1”, 1”-6”, 6”-25”, 25”- 50”, 50” and Above), By Application (Oil & Gas, Water & Waste Water, Energy & Power, Chemicals, Food & Beverages, Pharmaceuticals, Building & Construction, Others (Pulp & Paper and Agriculture)), and Regional Forecast to 2033

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CONTROL VALVES MARKET OVERVIEW

The global Control Valves Market size stood at USD 6.35 Billion in 2024 and is projected to reach USD 8.65 Billion by 2033 at an estimated CAGR of 3.4%.

Control valves are used in process industries for controlling the flow of liquid, gases or slurries to achieve necessary process conditions. These valves control parameters such as pressure, flow rate and temperature thereby enhancing efficient operation of such industries as oil and gas, energy; chemical, water treatment and food and beverages among others. As the industrial application processes tend to be instrumental more than manual, high-performance control valves have been in high circulation. Today, control valves include smart sensors and actuators that can change settings instantly to meet new energy efficiency and reliability standards. Another driver in the market is a continuing preoccupation with the theme of sustainability; there is a growing concern about energy efficiency and waste. An increase in the infrastructure and industrial developments worldwide particularly the fast growing economies such as China and India influences the growth of the control valves market. But what has really been driving the market higher is the intensification of industrialization and assimilation of Industry 4.0. Stakeholders are also able to overcome other obstacles including high first costs through the increasing need for energy efficiency, safety and adoption of regulatory changes across industries. It has been seen that the companies are aiming to offer smart control valves that interact with the IoT systems to achieve better functional control over the process in addition to lowering maintenance costs of control valves.

COVID-19 IMPACT

"Control Valves Market Had a Negative Effect Due to Supply Chain Disruption During COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak influenced the control valves market share greatly, and affected manufacturing and logistics. Travel restrictions and shutdowns as well as the shortage of workforce disrupted the manufacturing and delivery of other accompanying components in control valve manufacturing. This cleared many original sin industries including oil and gas, chemicals, and manufacturing, with control valves showing lowered demand due to extended or aborted projects. Moreover, due to strict financial measures some of the organizations were forced to defer the scheduled capital investments even in newer and more improved types of valve systems. Moreover, disruption of the supply chain led to long pauses in acquiring the important raw materials, meaning less control valve manufacturing capabilities. Thus, with the healthcare and pharmaceutical control valves demand remaining constant, this specific market shrunk. However, there is likely to be an upturn in the post-pandemic era owing to the improvement in industrial production in the developing nations. It also has led to increased use of automation and monitoring, thereby, smart control valves which require minimal human interference could be demanded in this period. While new industries responded to the post-pandemic situation and began using more advanced safety and sustainable measures, the control valves market should gradually resume its growth rate, although it will be lower than in the year before the pandemic.

LATEST TREND

"Integration of IoT in Control Valves Drives Market Growth"

The most noticeable trend of the control valves market is linked with the use of IoT connectivity introduced into the equipment. Smart control valves are fast becoming an important facet of implementing IoT in industrial processes due to their monitoring, diagnostic, and prognostic benefits. These valves have sensor and actuator implementation that carries out information acquisition and transmission of parameters such as pressure, flow, and temperature. This data is then used for the purpose of condition monitoring in order to detect alarming events as well as fine-tuning the system. Applications of IoT:—In the case of control valves, the IoT helps reduce downtime and improve the accuracy of the valve to minimize the level of human intervention. Further, predictive maintenance methodologies can detect inclined failures before occurrence and hence minimize the risks of system failure, and system shut-down. This technology is becoming more widespread in such sectors as oil and gas, pharmaceuticals and chemical production, where high reliability of the system is valued. The increasing and popularity of industry 4.0 practices also form a requirement for smart manufacturing systems that is increasing the adoption of IoT in control valves. They are targeting in achieving intelligent control valve systems with higher flexibility, performance and greater automation. IoT control valves are also helping companies within industrial settings to save energy as more industries seek ways of making their operations energy efficient as the globe shifts gears towards sustainable living.

CONTROL VALVES MARKET SEGMENTATION

By Type

Based on type, the global market can be categorized into Up to 1”, 1”-6”, 6”-25”, 25”- 50”, 50” and Above

• Up to 1”: Used in low volume demand applications for small scale applications for fast cycle operation such as laboratory processes or small HVAC.

• 1”-6”: Usual in medium velocity applications including small industries and water supply plants.

• 6”-25”: Pre-Assembled for big applications such as industries like power plant, chemicals manufacturing and large scale HVAC plants.

• 25”-50”: Applied in high demanding processes like in refineries, petrochemical industries, and substantial water treatment works.

• 50” and Above: This approach is commonly used in sectors like pipelines, hydroelectric power and huge oil and gas process industries.

By Application

Based on application, the global market can be categorized Oil & Gas, Water & Waste Water, Energy & Power, Chemicals, Food & Beverages, Pharmaceuticals, Building & Construction, Others (Pulp & Paper and Agriculture)

• Oil & Gas: Covers methods of handling transports and regulating the streams of the gaseous and liquid substances used in extraction, transportation and refining.

• Water & Wastewater: Used in regulating the flow of water to the municipal and also in wastewater treatment plants.

• Energy & Power: Controls over fluids and steam in your power plants in order to produce efficient electrical energy.

• Chemicals: Used in flow regulation of chemicals in production process, it helps in maintenance of accuracy in reactions.

• Food & Beverages: Retention of flow continuity in food and beverages processing, packing and distribution.
• Pharmaceuticals: Used in the control of fluid movement during a processing of medicine where sterility and accurate work is very vital.

• Building & Construction: In the building and construction sector, control valves regulate water, HVAC systems, and other utilities to ensure energy efficiency and system reliability. They are crucial for maintaining environmental comfort and optimizing resource usage in buildings. Their role extends to large-scale infrastructure projects, where precision and durability are critical.

• Others (Pulp & Paper and Agriculture): In pulp and paper industries, control valves manage chemical processes, water treatment, and steam systems, ensuring consistent production and reducing waste. In agriculture, they control irrigation systems, water flow in agricultural processing plants, and support efficient farming practices. Both sectors benefit from reliable control valves for optimizing productivity and sustainability.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Rising Demand for Automation Boost the Market"

Since industries continue to apply automation technologies in an attempt to increase efficiency and reduce expenses, the need for control valves market growth is also rising. In automated systems, control valves are used for controlling the flow of materials with a view to sustaining certain operating conditions continually. It is especially applicable in operational areas such as oil & gas, pharmaceutical & chemical sectors that require accuracy in operations. Actuators and sensors are in demand for integration in control valves that will enhance the operations, diminish energy usage and increase safety. Easing into the adoption of Industry 4.0 measures such as smart control of operations through the incorporation of effective control valves within automation systems is boosting the operational efficiency tied to data-driven decision-making as well as predictive maintenance.. In the long-run, the progression that industries are making towards automation is likely to ignite the heightened need for the premium control valves.

"Growing Focus on Energy Efficiency Expand the Market"

The need to increase efficiency of energy resources wherever it can be is the third factor that fuels the growth of the control valves market on the global level. Increasingly, industries seek to minimize the usage of energy and or output wastage and largely this is where control valves assist by managing the flow of fluids in a given system so that the energy, lighting and or heat used will be efficient. As a result control valves minimize energy use of materials by fine tuning the flow and optimally setting systems that require them, especially in manufacturing, electricity generation and water treatment plants. New trends in energy efficiency and sustainability standards around the globe put pressure on governments and industries adopting energy efficient control valves which are expected to drive the market growth.

Restraining Factor

"High Initial Investment Costs Potentially Impede Market Growth"

One of the most important limiting factors for the control valves market is the initial cost of the more sophisticated valves, including IoT ones. As was said before these valves can be costly especially to small businesses or those organizations with constrained capital investment budgets. Moreover, technologies such as advanced control systems demand the input of a professional technician and call for a better infrastructure, and both escalate costs. The benefits of adopting such energy efficient solutions as reflected in the long-term cost Aggregation formula in the figure above, the impacts as it is seen from the figure above: Energy savings Lifelong improvement of efficiency These are the impact that make organization invest In such solution, the issue with such impacts is the high initial cost that makes some organization especially those in the emerging economy to lag behind in such Systems.

Opportunity

"Adoption of Industry 4.0 and Smart Technologies Create Opportunity for The Product in The Market"

Ease in the adoption of Industry 4.0 technologies can be considered as a chance in the stated context of the market. Most industries are proactively adopting IoT, cloud computing and big data analytics into their operations when it comes to control valves. These valves are intelligent, are capable of monitoring their activities, and even have the ability to predict when they will require service and maintenance; leading to increased efficiency, optimum usage, and minimum breakdown time. The need for control valves that are connected through IoT technology is expected to grow due to automation and better monitoring systems in industries, making it a very large market with strong growth potential for manufacturers.

Challenge

"Complexity in Installation and Maintenance Could Be a Potential Challenge for Consumers"

Specific issues of controlling and managing the valves are confined to the newly installed and especially the smart control valves. These valves should be installed, calibrated and maintained correctly an aspect that may not be easily solved since the expertise may not be available everywhere. However, industries have to make certain that it creates a pool of workers capable of handling as well as managing these complex systems. The intricacies involved in these processes make their execution slow, their maintenance expensive, and can have a very steep learning curve which is a problem for their adoption in small to medium enterprises.

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CONTROL VALVES MARKET REGIONAL INSIGHTS

• North America

North America especaialy United States control valves market is another large consumer owing to widespread production and high development of industries like oil and gas, energy and chemicals. The U.S. continues to be the most significant consumer of control valves due to new technological advancements in automation and smart technology. Also the strict measures of the legal requirements in energy consumption and safety are forcing industries to incorporate superior valve technology. The following reasons, based on likely trends for cost cutting and improved performances to maximize output can be expected to provide the needed push for the IoT control valves with North America leading the pack.

• Europe

Europe is another important consumer for the control valves due to the high level of production technology and strict requirements to the environment. High value placed on sustainability, renewable power and operational efficacy and manufacturing process automation is contributing to the favorable environment that shapes the control valves market in the region. Industries like pharma, chemical and food and beverage where speed and accuracy control is important Europe is and will continue to be a big market for the company’s vital control valve line. This aspect into consideration it is believed that progress in technology coupled with increased investments on energy efficient structures will drive the growth of the market in the region.

• Asia

The Asia-Pacific is the most promising region for the control valves market as the industrialization, urbanization and the government activities to upgrade the infrastructure of economy. China, India and Japanese are a significant buyers of control valves and a key markets for them and they find them widely used in industries like oil and gas, power generation and water management. Emphasis on automatic control and energy usage is central to the rise of multifaceted control valves within this region. And with increasing industrial development and modernization, the requirements for control valves continue to grow rapidly in Asia-Pacific region, becoming one of the important growth areas for production.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Some of the market players dominating the control valves market are Emerson Electric Co., Flowserve corporation, Schneider electric, Dan foss, Metso corporation, Imi pic etc. Founded in 1890, Emerson Electric Co. specializes in valves for the precise control of fluids, gases and pneumatics among others; Emerson’s valves now having features as IoT enabled smart valves that optimize their performance. Flow serve is company, which supply flow control solutions in different industries including the chemical industry, the oil and gas industry and also in the power industry. Schneider Electric deals in energy management and automation solutions, especially control valves for different industries. The company is from Nordic region offering valves for heating, ventilation, air conditioning, energy management and fluid control applications, catering to numerous industries. Metso Corporation is famed for being a leading provider of highly durable and optimal-performance valves for demanding industries particularly the mining and energy industries. IMI Plc specializes in manufacturing of highly engineered valves for selective niche markets such as pharmaceuticals and chemicals. These are some of the leading companies with increasing opportunities capturing the demands for automation and efficient energy uses.

List Of Top Control Valves Companies

• Flowserve Corporation (U.S.)
• Alfa Laval (Sweden)
• IMI PLc (United Kingom)
• Neway Valves (Suzhou) (China)

KEY INDUSTRY DEVELOPMENT

February 2020: Curtiss-Wright Corporation acquired Dyna-Flo Control Valve Services, a leading designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemicals, petrochemicals, and oil & gas markets.

REPORT COVERAGE

The control valves market has a significant function of managing and controlling many operational processes and functions in different businesses and industries. As industries continue to be more automated, the need to incorporate higher performances, energy-efficient control valves will continue to increase due to the need for better performance control. The market is evolving with new implementations like IoT that creates real time control, reduces failures and increases reliability. Of course, the pandemic has slowed this process for a while, but the recovery period will generate even higher demand, primarily due to the renewed industries’ development and modernization. Some of the geography such as North America, Europe, and Asia is anticipated to remain dominant for the growth of the market owing to its investments in infrastructure, automation, and sustainability. But with issues such as high initial cost and questions of how to maintain such systems; ESP is still a problem for the smaller businesses. However, there remain several barriers for the growth of the control valve market, which is compensated for by the growing trend towards energy efficiency and sustainability. There is an increasing emphasis on increased complexity and speed of industrial processes, therefore, there will be continued demands on control valves; improvements in the technology are significant in charting the course of the future of industrial processes. That is why Industry 4.0 integration will build upon this growth and progress in the coming years by providing a deeper connection of the manufacturing industrial environment.