Control Valve Market Size - By Component (Actuator, Valve Body, Positioners), By Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), By Technology, By Size, By Type (Linear, Rotary) By End-use Industry & Forecast, 2024 – 2032

Control Valve Market Size - By Component (Actuator, Valve Body, Positioners), By Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), By Technology, By Size, By Type (Linear, Rotary) By End-use Industry & Forecast, 2024 – 2032

Control Valve Market size will record more than 8% CAGR from 2024-2032, led by the surging focus on automation and digitalization. The adoption of Industry 4.0 practices is pushing the demand for control valves for integration into automated and digitalized manufacturing processes. Automation systems that deploy these valves for precise control of flow, pressure, and temperature are becoming more sophisticated to render improved operational efficiency.

Lately, manufacturers are also developing specialized solutions to cater to industry-specific requirements, further providing greater opportunities for the market growth. For instance, in February 2024, Bürkert introduced its new range of easy-to-service and direct-acting solenoid valves for the control of liquids and steam in the food sector.

The control valve industry is segmented into component, material, technology, size, type, end-use industry, and region.

By technology, the industry value from the electric segment is anticipated to witness strong growth between 2024 and 2032. This is driven by the precision, energy efficiency, low maintenance requirements, environmental benefits, and compatibility with modern automation systems offered by electric control valves. Rising adoption to provide accurate positioning and control over fluid flow as it is essential for maintaining optimal process conditions will favor the segment growth.

Based on end-use industry, the control valve market size from the chemicals segment is expected to expand from 2024 to 2032. This is owing to their rising importance for managing and optimizing chemical processes while ensuring safety and meeting the regulatory requirements. Innovations in valve designs, such as high-performance butterfly valves to provide better control and longer service life while reducing maintenance costs and downtime will add to the product application scope.

Regionally, the Asia Pacific control valve industry is projected to witness substantial CAGR between 2024 and 2032 due to massive infrastructure projects, including new manufacturing plants, refineries, and power plants. Rapid urbanization across the region is leading to the higher demand for efficient water and wastewater treatment systems. The surging investments in smart city projects along with the rise in renewable energy projects, such as wind, solar, and hydropower, are also driving the demand for specialized control valves in the region.