All indicators seem positive for the control valve sector. One recent market forecast (Polaris Market Research) projects the global market to grow from USD$ 10.53 billion in 2025 to USD$17.07 billion by 2034, exhibiting a CAGR of 5.5%. Polaris indicate that the rising adoption of automation across various industries is boosting demand for control valves. In addition to growth in traditional sectors such as pharmaceuticals, oil & gas, power generation, etc., they suggest that expanding infrastructure projects, particularly in water and wastewater treatment, are also driving the need for advanced control valve systems.
Meanwhile, Market Research Future indicate the control valve market could reach USD$15.50 billion by 2032, although they do highlight that a lack of standardization is a challenge facing the industry.Â