Market Size (2017)
2017
$7.21B
Vertical: EnPBase Year: 201810 Sections
Market Size (2017)
2017
$7.21B
Projected (2025)
2025
$11.33B
CAGR (2017–2025)
5.8%
5.8%Key Players
114+
The global control valve market is projected to grow at 5.99% CAGR during the forecast period, 2019–2025. In 2018, the global control valve market was dominated by Asia-Pacific with a 35.08% share, followed by North America and Europe with shares of 23.77% and 19.01%, respectively. The demand for control valves is growing rapidly owing to various factors, including the increasing investments in the water & wastewater industry and the construction and upscale of nuclear power plants.
The global control valve market has been segmented based on valve type, valve size, component, end use, and region. On the basis of valve type, the global control valve market has been segmented as gate, globe, diaphragm, ball, butterfly, check, and others. The globe segment is expected to grow at a fastest rate during the forecast period. In 2018, the globe segment held a 23.89% share of the global control valve market.
On the basis of valve size, the global control valve market has been segmented as below 1”, 1” to 6”, 6” to 25”, 25” to 50”, and above 50”. The 6” to 25” segment is expected to grow at the fastest rate during the forecast period. In 2018, the 6” to 25” segment held a 27.80% share of the global control valve market.
On the basis of component, the global control valve market has been segmented as valve body, actuators, and others. The actuators segment is expected to grow at the fastest rate during the forecast period. In 2018, the actuators segment held a 44.85% share of the global control valve market.
On the basis of end use, the global control valve market has been segmented as oil & gas, water & wastewater treatment, energy & power, chemicals, food & beverages, pharmaceuticals, and others. The oil & gas segment is expected to grow at the fastest rate during the forecast period. In 2018, the oil & gas segment held a 24.97% share of the global control valve market.
On the basis of region, the global control valve market has been segmented as the North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The Control Valve Market market is projected to grow at a CAGR of 5.8% from 2017 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansControl valves are mechanical devices that control the flow of fluids in a system by varying the size of the flow passage. Furthermore, they also regulate and control several conditions, such as fluid level, temperature, and pressure, as per the signal received from the control system. The partial or entire opening or closing of control valves is carried out by the actuators. The major components of the valve include its body, bonnet, disk, seat, trim, stem, and plug.
Control valves are used mostly in the operations of oil & gas, water & wastewater, chemicals, food & beverage, marine, energy & power, and other industries.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansTHREAT OF NEW ENTRANTS
Control valves are manufactured to suit various industrial end users for applications, such as oil & gas, energy & power, chemicals, and water & wastewater treatment. The capital required is moderate due to moderate research and development investments and low cost of manufacturing. The need to eliminate failure due to metal fatigue, incorrect assembly, and foreign debris increases the initiatives by the players to improve the quality of the products, which restricts the entry of new players. There are many existing manufacturers, especially the numerous regional manufacturers, who offer cost-effective products to end users. This restrains the entry of new players in the control valve market. Hence, the threat of new entrants in the global control valve market is expected to be low.
BARGAINING POWER OF SUPPLIERS
There is a high supplier concentration in the market due to the several local and international suppliers who offer raw materials, including steel, cast iron, and alloys at competitive prices. Furthermore, the cost of switching suppliers is low, which reduces the bargaining power of suppliers. Hence, the bargaining power of suppliers in the global control valve market is expected to low.
BARGAINING POWER OF BUYERS
There are various end-use industries where such valves are used, making the buyer concentration high. Furthermore, the impact of brand identity in the global control valves market is moderate. The cost of switching between providers is low as the buyers can choose from various manufacturers. Thus, the bargaining power of buyers in the global control valves market is expected to be moderate.
THREAT OF SUBSTITUTES
There are no close substitutes for control valves. So, the market players do not face much threat from substitutes, making the threat of substitutes low.
RIVALRY
There are numerous players, such as Emerson Electric, Schlumberger, and IMI, who develop high-quality control valves for efficient operations. The global control valve market is expected to grow at a significant rate with technological innovation and the end-use verticals favoring the manufacturers who offer advanced technology. Furthermore, there are many other key players, namely General Electric, Alfa Laval, and Eaton that are leading in the global control valve market. These players in the market are investing substantially in the global control valve market. Such factors are expected to make the intensity of rivalry in the global control valve market high.
Market estimates by geography (2025)
InsightAsia Pacific leads with $4.04B by 2025.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $896.30M | $1.10B | $1.38B | 5.5% | 12% |
| North America | $1.71B | $2.12B | $2.71B | 5.9% | 24% |
| Asia Pacific | $2.52B | $3.15B | $4.04B | 6.1% | 36% |
| Europe | $1.37B | $1.69B | $2.14B | 5.7% | 19% |
| South America | $706.10M | $853.50M | $1.06B | 5.2% | 9% |
| Total | $7.21B | $8.91B | $11.33B | 5.8% | 100% |
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View Subscription PlansTotal Market Size
$11.33B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Globe | $2.77B | 5.8% | 87% |
| Ball | $2.26B | 5.8% | 77% |
| Butterfly | $1.45B | 5.8% | 60% |
| Check | $1.42B | 5.8% | 87% |
| Gate | $1.39B | 5.8% | 77% |
| Others | $1.29B | 5.8% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Control Valve Market covering market dynamics, competitive landscape, and strategic outlook.
The Control Valve Market market is projected to reach $11.33B by 2025, growing at 5.8% CAGR. The Globe segment holds the largest share.
The global control valve market is expected grow substantially during the forecast period. The increasing investments in the water & wastewater industry and construction and upscale of nuclear plants are the primary factors driving the growth of the global control valve market. However, the frequent need for valve replacement is expected to restrain the market growth.
The global water & wastewater industry is developing rapidly owing to the threats of water scarcity and wastewater treatment. The water & wastewater treatment industry consists of several chemical or physical treatment processes and biological wastewater treatment processes for the removal of pollutants and harmful contaminants, such as sulfur, nitrates, and bacteria, from water. Moreover, the demand for wastewater treatment is constantly increasing with the rising demand for water in residences, industries, and commercial areas. Additionally, the water & wastewater industry in several countries, such as Israel, Chile, and Australia, is steadily growing in the past few years, increasing the need for wastewater treatment in the water & wastewater industry.
According to the Organization for Economic Co-operation and Development (OECD), in 2017, in Chile, approximately 99.97% of the population has access to wastewater treatment plant. Furthermore, as per Infrastructure Report Card published by the American Society of Civil Engineers, in 2017, there were 14,748 wastewater treatment plants in the US. Moreover, the demand of wastewater treatment plants is expected to increase by 23% with an estimated investment of USD 271 billion by 2032. Such developments lead to the increase in the use of control valves as they help obtain greater control and monitor the flow of water, sludges, and chemicals in the water & wastewater industry. Moreover, the efficiency of the processes such as boiler water treatment and cooling water treatment involved in wastewater treatment depends on the proper functioning of the control valves. Therefore, the demand for control valves is increasing in the water & wastewater industry. Thus, the increasing investments in the water & wastewater industry are expected to drive the growth of the global control valve market during the forecast period.
Globally, there are a large number of manufacturing companies in various sectors including fast-moving consumer goods, automotive, garments, and electronics. Considering the large number of participants and the high competition, manufacturing companies compete by incorporating efficient manufacturing technologies into their processes to reduce the manufacturing costs and the selling prices of their products. Hence, manufacturing companies are introducing Industry 4.0 architecture in control valves to enhance efficiency and increase productivity. Industry 4.0 architecture includes new industrial revolutionary technologies and processes, such as the Internet of Things (IoT), cloud computing, cyber-physical systems (CPS), digitization, and artificial intelligence (AI), to gather and analyze data and information. Therefore, Industry 4.0 architecture enables fast-paced and processes with improved efficiency to produce high quality goods at reduced costs.
This new industry technology, Industry 4.0 when used with control valves, provides several advantages including effective control, prevention of valve leaks, process automation, real-time access response, data gathering and integration, cybersecurity, and predictive valve maintenance. Industry 4.0 allows better control and understanding of every aspect of the operations and provides data to improve processes and boost productivity. For instance, Bürkert (Germany), one of the providers of control valves focusing on the integration of industry 4.0 technology with control valves, developed an Efficient Device Integration Platform (EDIP) that enables advanced networking for the operations of valves, sensors, and actuators. Such developments in control valves entailing the introduction of Industry 4.0 result in improved precision control in control valves. Moreover, such technology implementation can enable the use of control valves in complex control solutions, such as fault monitoring and mixing of gases, improving efficiency and reducing time and costs.
Hence, the introduction of industry 4.0 architecture is a major opportunity for players in the global control valves market.
The effective working of control valves enhances the working and increases the profitability for a company in various end-use industries including oil & gas, chemicals, energy & power, as control valves are used to control the flow of fluids, temperature, and pressure. The proper functioning of the control valves ensures automatic operations, increases process functioning, and reduces maintenance costs and wastage of water and compressed air. However, there are various problems related to the functioning of control valves such as dead band, cavitation, mechanical friction, stiction, and choke flow. Control valve failure occurs due to factors, such as high pressure and temperature, cavitation, debris in the pipeline, the wear of seat seals, incorrect assembly, and improper maintenance. Such issues result in the sticking of a valve in a particular position, the need for increased force for valve movement, and other improper functions. Thus, many end users focus on the proper size selection and repair & maintenance of control valves to ensure effective functioning in various end-use industries.
Additionally, most industries such as energy & power, chemicals, pharmaceuticals, and oil & gas operate unceasingly throughout the year for maximum productivity. Thus, improper functioning of control valves also leads to unnecessary operational costs and safety issues.
Therefore, the frequent need for valve replacement is expected to restrain the growth of the global control valve market during the forecast period.
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Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 114 companies operating in the Control Valve Market market, including revenue, employee count, and market positioning where available.
Showing 114 of 114 companies
SCHLUMBERGER LIMITED
Company Headquarters: Sugar Land, Texas, US Founded: 1926 Workforce: ~100,000 Company Working: Schlumberger Limited is one of the largest oilfield service providers. Schlumberger operates in four segments, namely reservoir characterization group, drilling group, production group, and Cameron. The drilling segment of the company deals with technologies involved in the drilling and positioning of oil and gas wells. Mi SWACO, a subsidiary of Schlumberger, provides engineered MPD solutions to the company. Schlumberger offers a wide range of drilling services including directional drilling, drilling optimization, rhino integrated borewell enlargement system, MPD, coiled tubing directional drilling, casing-drilling, liner-drilling and seismic-guided drilling. The bits and drilling tools segment of the company designs, manufactures and markets, fixed cutter and roller cone drill bits for the company. The drilling tools manufactured by the company include equipment for bottom hole assembly, impact tools, and borehole enlargement technologies. Drilling and Measurements provides logging services for drilling and geological surveillance, logging-while-driving and directional drilling, for wells of all types. Land rigs provide rigs for onshore drilling and related support services. Integrated Drilling Services (IDS) supplies all the services necessary to make changes to the well. All aspects of drilling rig management, procurement, logistics, engineering, well drilling, well planning and contracting of third parties are covered by IDS. Cameron International, Smith International (North Sea), Schlumberger oilfield Holdings Limited, and Schlumberger B.V., Netherlands are some of its subsidiaries. It operates in over 140 nations, such as the US, France, India, and the UK. Some of its major competitors are Halliburton (US), General Electric (US), Newpark Resources Inc. (US), and National Oilwell Varco Inc. (US).
PENTAIR PLC
Company Headquarters: Minnesota, US Founded: 1966 Workforce: ~9,750 Company Working: Pentair Plc is primarily engaged in offering smart water solutions worldwide. It operates through four business segments, namely, filtration solutions, aquatic systems, flow technologies, and other. It focuses on designing, manufacturing, and providing services to meet the separation, filtration, flow, and water management challenges. Its product and services include pumps, filters, valves, UV sanitization, and automation controls. Pentair Plc also offers design and consulting services for residential, commercial, industrial, municipal, infrastructure, and agriculture applications. The company’s water filter products are principally marketed under the brand names of Code line, Everpure, Fairbanks-Nijhuis, Kreepy Krauly, Haffmans, and Aurora. The company operates in more than 130 locations in 34 countries across six continents. Some of the company’s subsidiaries are Schroff GmbH, Pentair Water India Private ltd, Hoffman Enclosures Inc, Pentair Filtration, and JUNG PUMPEN GmbH.
CURTISS-WRIGHT CORPORATION
Company Headquarters: Charlotte, North Carolina, US Founded: 1929 Workforce: ~9,000 Company Working: Curtiss-Wright Corporation (Curtiss-Wright) designs, manufactures, and overhauls precision components and engineered products. Moreover, it provides services to the aerospace, defense, and power generation industries globally. The company operates through three business segments—commercial/industrial, defense, and power. Through its commercial/industrial segment, it offers industrial vehicle products, such as electronic throttle control devices, transmission shifters, and joysticks; sensors, controls, and electro-mechanical actuation components and utility systems that are used in commercial aircraft; valves for naval vessels; and industrial applications and surface technology services such as laser peening, shot peening, coatings, and advanced testing. Through the defense segment, it provides commercial off-the-shelf embedded computing board level modules, data acquisition and flight test instrumentation equipment, instrumentation and control systems, turret aiming and stabilization products, integrated subsystems, and weapons handling systems, avionics and electronics, and aircraft data management solutions. The power segment offers hardware, pumps, fastening systems, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers and naval propulsion and auxiliary equipment, including coolant pumps, generators, power-dense compact motors, steam turbines, and secondary propulsion systems.
EATON
Company Headquarters: Ireland Founded: 1911 Workforce: ~ 1, 01,000 Company Working: Eaton Corp PLC is a power Management Company with business operations in over 175 countries. It operates through the segments of Electrical Products, Electrical Systems and Services, Vehicles, Hydraulics, Aerospace, and EMobility, The Electrical Products segment consists of single-phase power quality, emergency lighting, fire detection, wiring devices, electrical components, industrial components, residential products, structural support systems, circuit protection, and lighting products. The Electrical Systems and Services segment offers hazardous duty electrical equipment, power distribution and assemblies, utility power distribution, power reliability equipment, three-phase power quality, explosion-proof instrumentation, and services. The Hydraulics segment includes hydraulics components and services for industrial and mobile applications. The Aerospace segment produces aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment designs manufacture and markets drivetrain and powertrain systems that reduce emissions and improve fuel economy, stability, performance, and safety of passenger cars and commercial vehicles. The eMobility segment is engaged in designing, manufacturing, marketing, and supplying electrical and electronic components and systems of both on-road and off-road vehicles. Eaton Corp PLC operates within the markets of Asia, Europe, the Middle East and Africa, North America, and Central and South America
IMI PLC
Company Headquarters: Birmingham, UK Founded: 1862 Workforce: ~11,100 Company Working: IMI plc is one of the leading providers of critical flow control solutions, developing motion and fluid control technologies, and products for hydronic distribution systems that control the movement of fluids. It operates in three divisions namely, precision engineering, hydronic engineering, and critical engineering. Industrial valves are offered under the critical engineering division. It caters to various end-use applications, such as power, oil & gas, petrochemical, actuation, industrial automation, commercial vehicle, and refineries. Some of the subsidiaries of IMI plc are Norgren Limited, Flow Design, Inc., IMI Americas Inc., Control Components Inc., Norgren Inc, and Commtech Ltd. It operates in over 140 nations, such as the US, France, India, and the UK. It primarily competes with companies, such as are Schlumberger Limited, Flowserve Corporation, Crane Co, and AVK Holding A/S.
FLOWSERVE CORPORATION
Company Headquarters: US Founded: 1997 Workforce: ~17,500 Company Working: Flowserve Corporation is a global manufacturer and service provider of flow control systems. It majorly provides its services in the aftermarket. Its business segments include pumps, seals, valves, actuation & instrumentation, and performance monitoring. It offers products and services for various industries such as oil and gas, general industries, chemical, power generation, and water management. It manufactures 40 different types of pumps, including submersible pumps and nearly 185 different replicas of mechanical seals and sealing systems. It is one of the few companies, which have both submersible pumps and submersible motor competencies in the global market. The company manages its operations in more than 50 countries and has more than 300 locations across the world. It primarily handles customers from more than 180 quick response centers. It spent approximately USD 45.9 million, USD 42.8 million, and USD 38.6 million for research and development of products in 2015, 2016, and 2017, respectively. It manages approximately 10,000 customers, annually around the globe by offering services for OE and aftermarket.
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Control Valve Market