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Control Valve Market Size

  • Report ID: GMI9722
  • Published Date: Jun 2024
  • Report Format: PDF

Control Valve Market Size

Control Valve Market was valued at USD 7.8 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032. Advancements in control valve technology and materials are driving the business growth by enhancing efficiency, reliability, and performance. Innovative technologies, such as predictive maintenance capabilities and digital control systems, improve operational efficiency, reducing downtime and maintenance costs for end users. Additionally, the development of advanced materials with superior durability and corrosion resistance extends the lifespan of control valves, increasing their appeal to industries seeking long-term, cost-effective solutions, thereby driving market growth.


The rising emphasis on energy efficiency and conservation acts as a significant growth driver for the control valve market due to several factors. Firstly, control valves enable precise regulation of fluid flow, thereby optimizing energy usage in industrial processes. Secondly, control valves contribute to cost savings for end users by enhancing system efficiency and reducing energy wastage. Additionally, tightening environmental regulations and sustainability goals further incentivize industries to invest in energy-efficient solutions, thereby driving the demand for control valves.


Economic downturns and market fluctuations are the major challenges in the control valve market due to its reliance on industries such as oil & gas, manufacturing, and construction. These industries typically reduce capital spending during downturns, thereby decreasing the demand for control valves. Market fluctuations can also disrupt supply chains, affecting production and delivery schedules for control valve manufacturers. This unpredictability makes it difficult for companies to effectively forecast sales and plan long-term investments.


Authors: Suraj Gujar, Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of control valve was reached USD 7.8 billion in 2023 and is anticipated to register over 8% CAGR between 2024 and 2032, due to the increasing adoption of smart valves and digitalization along with the rising emphasis on energy efficiency and conservation.

The actuator segment in the control valve market is expected to reach USD 6.5 billion by 2032 due to lower operating costs, reduced maintenance needs, and environmental friendliness.

North America control valve market size held 35% revenue share in 2023 due to the robust industrial sector, increasing stringent regulatory standards and the ongoing investments in infrastructure projects.

Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI plc, Metso Corporation and Parker Hannifin Corporation

Control Valve Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 903
  • Countries covered: 21
  • Pages: 200
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