How big is the Control Valve Market?

The Control Valve Market size is expected to reach USD 7.43 billion in 2024 and grow at a CAGR of 12% to reach USD 13.08 billion by 2029. Read More

What is the current Control Valve Market size?

In 2024, the Control Valve Market size is expected to reach USD 7.43 billion. Read More

Who are the key players in Control Valve Market?

Emerson Electric Co., Flowserve Corporation, Baker Hughes Company, Metso Corporation and CIRCOR International Inc. are the major companies operating in the Control Valve Market. Read More

Which is the fastest growing region in Control Valve Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Control Valve Market?

In 2024, the North America accounts for the largest market share in Control Valve Market. Read More

What years does this Control Valve Market cover, and what was the market size in 2023?

In 2023, the Control Valve Market size was estimated at USD 6.54 billion. The report covers the Control Valve Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Control Valve Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Control Valve Market - Size, Share & Growth

Control Valve Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Control Valve Market, Which is Segmented by Type (Globe, Ball, Butterfly, Plug, Diaphragm, and Other Types of Valves), End-User Industry (Oil and Gas, Chemical, Petrochemical and Fertilizer, Energy and Power, Water and Wastewater Treatment, Metal and Mining, Food and Beverage, Pharmaceutical, Pulp and Paper, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Control Valve Indsutry Overview

The control valve market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Emerson Electric Co., Flowserve Corporation, Baker Hughes Company, Metso Corporation, and CIRCOR International Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

February 2024: Emerson released innovative solutions that transform valves installed in industrial applications and interact with end users globally. End users need to know how their control valves are performing, address any issues, and improve valve performance in general, for instance, by reducing maintenance. The Fisher™ FIELDVUE™ DVC7K digital valve controller addresses these and other issues by creating an optimized path to action.
October 2023: Andritz signed an agreement with Flowserve Corporation to acquire its NAF AB valve business. The production plant and equipment deliveries have been equipped with NAF control valves for many years. This acquisition further extended and strengthened Andritz's product and service portfolio in process control.
May 2023: Emerson unveiled the ASCO Series 209 proportional flow control valves, which boast unparalleled precision, pressure ratings, flow characteristics, and energy efficiency within a specially designed, space-saving structure. These valves, with their optimal size and exceptional performance, enable users to accurately regulate fluid flow in various devices demanding meticulous performance, such as those utilized in medical equipment, food and beverage, and HVAC industries.