Control Valve Market Size

Control Valve Market size was over USD 7.23 billion in 2024 and is set to exceed USD 22.43 billion by the end of 2037, growing at over 9.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of control valve is evaluated at USD 7.76 billion.

The industrial sectors, including chemical, oil and gas, and others, have begun to use IoT technology in recent years. Control valve operational efficiency is increased with the use of IoT. Because IoT systems are linked with smart valves that include embedded processors, wireless vibration sensors, and intelligent control systems, there has been a surge in demand for their adoption in various industries. Only 54% of all the devices installed in the adopter firms are enabled by IIoT technology, despite the high adoption rates.

Furthermore, the production and refinery platforms' high temperatures, high pressure, and unfavorable corrosion conditions have increased the demand for control valves. The primary uses for these platforms are in onshore and offshore oil and gas operations. The majority of crucial systems in the oil and gas sectors use these valves. It regulates the volume, direction, pace, pressure, and flow of fluids in addition to their movement.