Control Valves Market: By Product Type, By Operation, By Application Region
Control Valves Market: By Product Type, By Operation, By Application Region
Control Valves Market size was valued at US$ 6,214.3 million in 2023 and is expected to grow at a significant CAGR of 7.8% from 2024 to 2030. The global market provides a detailed overview and can be segmented by product type, Operation, and Application. Based on product type, the market has been segmented into Globe Valve, Ball Valve, Butterfly Valve, Angle Valve, Diaphragm Valve, and Others. The globe valve segment is likely to be the largest and fastest-growing segment in terms of type. Based on operation Control valve market is segmented into Pneumatic Control Valves, Hydraulic Control Valves, and Electrical Control valves. Among these, the Pneumatic Control Valve segment is expected to have the fastest-growing market during the forecast period. Based on application, the control valve market is segmented into Electrical Power, Oil and gas, Water and wastewater, Automotive, Pharmaceuticals, Mining, Chemicals, Food and beverages, and Others. The Electrical Power segment accounts for the largest share in 2021. Oil & Gas is the second-largest share during the forecast period 2023-2029 according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
7.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increasing demand for valves from healthcare and pharmaceuticals industries due to the outbreak of the COVID-19 pandemic, rising demand for energy in APAC, growing need for connected networks to maintain and monitor industrial equipment, and surging focus on establishing new nuclear power plants and upscaling of existing ones are the key driving factors for the control valve market.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. China and India are expected to add the growth of the control valves in the Asian Pacific region
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6,214.3 million |
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Market CAGR |
7.8% |
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By Product Type |
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By Operation |
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By Application |
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The control valves market size was valued at US$ 6,214.3 million in 2023
The acupuncture market key players are: Emerson Electric Co ALFA LAVAL Schlumberger Limited Crane Co Flowserve Corporation KITZ Corporation SAMSON AKTIENGESELLSCHAFT Velan Inc AVK Holding A/S Apollo Valves
The control valves market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Control Valves Market Introduction |
| 2.1. Global Control Valves Market Taxonomy |
| 2.2. Global Control Valves Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Operation |
| 2.2.3. Application |
| 2.2.4. Region |
| 3. Global Control Valves Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Control Valves Market Dynamic Factors - Impact Analysis |
| 3.6. Global Control Valves Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Control Valves Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Control Valves Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Globe Valve |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ball Valve |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Butterfly Valve |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Angle Valve |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Diaphragm Valve |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Control Valves Market Forecast, By Operation, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Pneumatic Control Valve |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Hydraulic Control Valve |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrical Control Valve |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Control Valves Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Electrical Power |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Oil & Gas |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Water & Wastewater |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Automotive |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Pharmaceuticals |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Mining |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Chemicals |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Food & Beverages |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 7.9. Others |
| 7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.9.3. Market Opportunity Analysis |
| 8. Global Control Valves Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Control Valves Market - Opportunity Analysis Index, By Product Type, Operation, Application and Region, 2024 - 2030 |
| 9. North America Control Valves MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Globe Valve |
| 9.1.2. Ball Valve |
| 9.1.3. Butterfly Valve |
| 9.1.4. Angle Valve |
| 9.1.5. Diaphragm Valve |
| 9.1.6. Others |
| 9.2. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Pneumatic Control Valve |
| 9.2.2. Hydraulic Control Valve |
| 9.2.3. Electrical Control Valve |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Electrical Power |
| 9.3.2. Oil & Gas |
| 9.3.3. Water & Wastewater |
| 9.3.4. Automotive |
| 9.3.5. Pharmaceuticals |
| 9.3.6. Mining |
| 9.3.7. Chemicals |
| 9.3.8. Food & Beverages |
| 9.3.9. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Control Valves Market - Opportunity Analysis Index, By Product Type, Operation, Application, and Country, 2024 - 2030 |
| 9.6. North America Control Valves Market Dynamics Trends |
| 10. Europe Control Valves Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Globe Valve |
| 10.1.2. Ball Valve |
| 10.1.3. Butterfly Valve |
| 10.1.4. Angle Valve |
| 10.1.5. Diaphragm Valve |
| 10.1.6. Others |
| 10.2. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Pneumatic Control Valve |
| 10.2.2. Hydraulic Control Valve |
| 10.2.3. Electrical Control Valve |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Electrical Power |
| 10.3.2. Oil & Gas |
| 10.3.3. Water & Wastewater |
| 10.3.4. Automotive |
| 10.3.5. Pharmaceuticals |
| 10.3.6. Mining |
| 10.3.7. Chemicals |
| 10.3.8. Food & Beverages |
| 10.3.9. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Control Valves Market - Opportunity Analysis Index, By Product Type, Operation, Application, and Country, 2024 - 2030 |
| 10.6. Europe Control Valves Market Dynamics Trends |
| 11. Asia-Pacific Control Valves Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Globe Valve |
| 11.1.2. Ball Valve |
| 11.1.3. Butterfly Valve |
| 11.1.4. Angle Valve |
| 11.1.5. Diaphragm Valve |
| 11.1.6. Others |
| 11.2. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Pneumatic Control Valve |
| 11.2.2. Hydraulic Control Valve |
| 11.2.3. Electrical Control Valve |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Electrical Power |
| 11.3.2. Oil & Gas |
| 11.3.3. Water & Wastewater |
| 11.3.4. Automotive |
| 11.3.5. Pharmaceuticals |
| 11.3.6. Mining |
| 11.3.7. Chemicals |
| 11.3.8. Food & Beverages |
| 11.3.9. Others |
| 11.4. Country Analysis2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Control Valves Market - Opportunity Analysis Index, By Product Type, Operation, Application, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Control Valves Market Dynamics Trends |
| 12. Latin America Control Valves Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Globe Valve |
| 12.1.2. Ball Valve |
| 12.1.3. Butterfly Valve |
| 12.1.4. Angle Valve |
| 12.1.5. Diaphragm Valve |
| 12.1.6. Others |
| 12.2. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Pneumatic Control Valve |
| 12.2.2. Hydraulic Control Valve |
| 12.2.3. Electrical Control Valve |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Electrical Power |
| 12.3.2. Oil & Gas |
| 12.3.3. Water & Wastewater |
| 12.3.4. Automotive |
| 12.3.5. Pharmaceuticals |
| 12.3.6. Mining |
| 12.3.7. Chemicals |
| 12.3.8. Food & Beverages |
| 12.3.9. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Control Valves Market - Opportunity Analysis Index, Product Type, Operation, Application, and Country, 2024 - 2030 |
| 12.6. Latin America Control Valves Market Dynamics Trends |
| 13. Middle East and Africa Control Valves Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Globe Valve |
| 13.1.2. Ball Valve |
| 13.1.3. Butterfly Valve |
| 13.1.4. Angle Valve |
| 13.1.5. Diaphragm Valve |
| 13.1.6. Others |
| 13.2. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Pneumatic Control Valve |
| 13.2.2. Hydraulic Control Valve |
| 13.2.3. Electrical Control Valve |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Electrical Power |
| 13.3.2. Oil & Gas |
| 13.3.3. Water & Wastewater |
| 13.3.4. Automotive |
| 13.3.5. Pharmaceuticals |
| 13.3.6. Mining |
| 13.3.7. Chemicals |
| 13.3.8. Food & Beverages |
| 13.3.9. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Control Valves Market - Opportunity Analysis Index, By Product Type, Operation, Application, and Country, 2024 - 2030 |
| 13.6. MEA Control Valves Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Operation& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Emerson Electric Co. |
| 14.2.2. ALFA LAVAL |
| 14.2.3. Schlumberger Limited. |
| 14.2.4. Crane Co. |
| 14.2.5. Flowserve Corporation |
| 14.2.6. KITZ Corporation |
| 14.2.7. SAMSON AKTIENGESELLSCHAFT |
| 14.2.8. Velan Inc |
| 14.2.9. AVK Holding A/S |
| 14.2.10. Apollo Valves |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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