Market Definition

Control valves are mechanical devices that regulate the flow of fluids, such as liquids, gases, or slurries, in a system. They adjust the flow rate by varying the size of the flow passage, as directed by a signal from a controller.

This helps maintain desired levels of pressure, temperature, flow, or liquid level. The market involves the manufacturing of devices for applications in oil & gas, power generation, water treatment, and chemical processing.

Control Valves Market Overview

Global control valves market size was USD 9.40 billion in 2023, which is estimated to be valued at USD 10.15 billion in 2024 and reach USD 18.47 billion by 2031, growing at a CAGR of 8.93% from 2024 to 2031. The growing trend of automation across industries such as oil & gas, power, and manufacturing drives the need for precise fluid control, significantly boosting the demand for advanced control valves in these sectors.

Major companies operating in the control valves industry are Emerson Electric Co., Curtiss-Wright Corporation, Spirax Sarco Limited, Flowserve Corporation, Valmet, IMI Kynoch Limited, SLB, ALFA LAVAL, AVK Holding A/S, Eaton, Honeywell International Inc., Velan ABV s.r.l., Christian Bürkert GmbH & Co. KG, Valvitalia SpA, Baker Hughes Company, and others.

The global market is experiencing steady growth, driven by increasing automation across industries, rising demand for efficient fluid handling, and advancements in process control technologies. As industries prioritize energy efficiency and operational precision, the need for reliable, high-performance control valves continues to rise.

Additionally, regulatory pressures and the expansion of sectors such as water treatment, oil and gas, and manufacturing are fueling demand for both standard and custom-engineered valve solutions, positioning control valves as critical components in modern industrial systems.

In February 2024, Eaton introduced APSCO APV and APG hydraulic control valves at the Work Truck Show in the U.S. These versatile valves, compatible with open center circuits and available with manual, cable, or pneumatic operation, can be purchased individually or as part of custom-engineered, tested valve assemblies, expanding Eaton’s mobile power control offerings.

Key Highlights:

The control valves market size was recorded at USD 9.40 billion in 2023.
The market is projected to grow at a CAGR of 8.93% from 2024 to 2031.
Asia Pacific held a market share of 35.05% in 2023, with a valuation of USD 3.29 billion.
The valve body segment garnered USD 3.77 billion in revenue in 2023.
The 1” to 6” segment is expected to reach USD 9.09 billion by 2031.
The stainless steel segment generated a revenue share of 44.09% in 2023.
The linear valves segment is anticipated to grow at a CAGR of 9.80% over the forecast period.
The oil & gas segment is anticipated to account for a share of 29.99% by 2031.
North America is anticipated to grow at a CAGR of 8.82% over the forecast period.

Market Driver

Increased Demand for Automation

Automation is transforming industries such as oil & gas, power generation, and manufacturing, fueling the growth of the market. As systems become more automated, precise control over fluid flow, pressure, and temperature becomes crucial for optimized performance.

Control valves play a vital role in these automated systems, ensuring efficient operations with minimal human intervention. The rising demand for reliable, accurate control valves is propelled by the need to maintain operational efficiency and comply with regulatory standards across various industries.

In February 2025, Baker Hughes launched SureCONTROL Plus interval control valves, advancing electrification in well operations. These all-electric valves enhance zonal control, reduce installation complexity, and improve production efficiency by replacing hydraulic lines with a single electrical connection for smarter, more sustainable energy solutions.

Market Challenge

Integration with Legacy Systems

Integrating modern control valves into legacy systems presents a major challenge to the progress of the control valves market due to compatibility issues and outdated infrastructure. Numerous industries rely on older systems that may not support new valve technologies, leading to inefficiencies and increased costs.

To overcome this, companies can adopt retrofit solutions, enabling seamless integration with existing equipment. Modular valve designs and standardized communication protocols can simplify upgrades, while providing training and technical support for maintenance teams ensures smooth transitions, minimizing downtime and maintaining operational efficiency.

Market Trend

Rising Demand for High-Flow, Precision-Control Valves

A key trend in the market is the increasing demand for valves that offer high flow rates and precise control in various industrial applications. As industries seek enhanced performance and efficiency, there is a growing need for valves capable of handling higher capacities and delivering greater accuracy.

This trend is particularly evident in sectors such as agriculture, construction, and manufacturing, where operational efficiency and process control are critical. The market is witnessing a notable shift toward advanced solutions that can meet the demands of complex, high-pressure environments.

In August 2024, Helios Technologies launched the FPJP electro-proportional flow control valve, which provides high flow rates and precision at 5000 psi. This valve is designed for diverse industries such as agriculture and construction and integrates seamlessly with the XMD valve driver. The XMD driver, co-developed with Enovation Controls, allows for easy configuration via Bluetooth or PC-based software, enhancing the valve's control and adaptability.

Control Valves Market Report Snapshot

Segmentation	Details
By Component	Valve Body, Actuators, Positioners, Others
By Valve Size	Up to 1”, 1” to 6”, 6” to 25”, Above 25”
By Material	Stainless Steel, Cast Iron, Alloy-based, Others
By Type	Linear Valves, Rotary Valves
By End-use Industry	Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverage, Pharmaceuticals, Others
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation

By Component (Valve Body, Actuators, Positioners, and Others): The valve body segment earned USD 3.77 billion in 2023 due to increased demand for durable and reliable components in fluid control applications across industries.
By Valve Size (Up to 1”, 1” to 6”, 6” to 25”, and Above 25”): The 1” to 6” segment held a share of 50.00% in 2023, fueled by the growing use of medium-sized valves in commercial and industrial fluid control systems.
By Material (Stainless Steel, Cast Iron, Alloy-based, and Others): The stainless steel segment is projected to reach USD 7.48 billion by 2031, propelled by its superior corrosion resistance and durability, making it ideal for harsh industrial environments.
By Type (Linear Valves and Rotary Valves): The linear valves segment is anticipated to grow at a CAGR of 9.80% over the forecast period, fostered by their ability to provide precise flow control in critical applications across industries.
By End-use Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverage, Pharmaceuticals, and Others): The oil & gas segment is anticipated to account for a share of 29.99% by 2031, bolstered by the growing demand for efficient control systems in exploration and production activities.

Control Valves Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and South America.

Control Valves Market Size & Share, By Region, 2024-2031

The Asia Pacific control valves market share stood at around 35.05% in 2023, with a valuation of USD 3.29 billion. This dominance is reinforced by rapid industrialization, urbanization and increasing demand for automation across key industries such as oil & gas, manufacturing, and power generation.

The region’s growing infrastructure development, coupled with expanding sectors such as automotive and chemicals, fuels the demand for precise fluid control solutions. Additionally, the presence of major manufacturing hubs and increasing investments in automation technologies solidify Asia Pacific’s position as a leading market for control valves.

North America control valves industry is likely to grow at a CAGR of 8.82%. This dominance is attributed to increasing investments in industrial automation, power generation, and infrastructure development. The region's focus on upgrading aging infrastructure, coupled with advancements in technology, is creating a strong demand for high-performance control valves.

Additionally, the growing need for energy-efficient solutions and strict regulatory standards accelerates the adoption of control valves. This robust demand, combined with significant market investments, positions North America as a key market for control valves.

In January 2025, IMI announced a USD 38 million investment in a new manufacturing facility in Lake Forest, California, dedicated to its IMI CCI control valve brand. The state-of-the-art facility aims to enhance operational efficiency, reduce environmental impact, and support employee collaboration, productivity, and well-being to boost future growth.

Regulatory Frameworks

In the U.S., control valves must comply with ISA75, Control Valve Standards, set by the International Society of Automation specifically for industrial applications.
In the EU, control valves require CE marking to meet the European Union’s safety and environmental standards..
In India, control valves must comply with the relevant Bureau of Indian Standards (BIS) regulations to ensure safety, quality, and performance, particularly in critical sectors such as oil & gas, water treatment, and industrial applications. Adherence to these standards ensures that control valves meet safety and operational requirements, ensuring reliable and efficient performance.

Competitive Landscape

Companies in the control valves market are focusing on innovation to meet the growing demand for precision, efficiency, and reliability in industrial applications.

They are developing advanced valve technologies, integrating digital solutions for better performance monitoring, and enhancing noise reduction and flow efficiency. Investments in automation, energy efficiency, and sustainability are also being prioritized, as industries seek solutions that improve operational control while minimizing environmental impact and maintenance costs.

In November 2023, Emerson introduced the Fisher Whisper Trim Technology, enhancing noise reduction and flow efficiency in control valves. This technology leverages additive manufacturing to create trims with a 20% increased flow capacity and 10 dBA noise reduction, offering an efficient solution for high-pressure, high-flow industrial applications, ensuring quieter and more reliable valve operations.

List of Key Companies in Control Valves Market:

Emerson Electric Co.
Curtiss-Wright Corporation
Spirax Sarco Limited
Flowserve Corporation
Valmet
IMI Kynoch Limited
SLB
ALFA LAVAL
AVK Holding A/S
Eaton
Honeywell International Inc.
Velan ABV s.r.l.
Christian Bürkert GmbH & Co. KG
Valvitalia SpA
Baker Hughes Company

Recent Developments (Partnerships/New Product Launch)

In June 2023, Aquana launched the AVS remote shutoff valve to improve safety and reduce operating costs for water utilities. Compatable with AMI platforms such as Itron's network, the valves supports smart water management needs by enabling remote control and rapid response to leakage and non-payment issues.
In June 2023, Honeywell partnered with Fokker Services Group for pre-cooler control valve (PCCV) repair and overhaul services. This collaboration, announced at the Paris Air Show, expands repair options for airline operators. Fokker will offer comprehensive services at its Amsterdam facility, enhancing Honeywell's global service network and improving component maintenance for Boeing 737NG operators.