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Control Valve Market Size, Share and Forecast 2026-2036

The global control valve market is worth USD 10.0 bn in 2026 and is forecast to reach USD 16.2 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Globe and sliding stem is the largest by type segment.

USD 10.0 bnMarket size 2026
USD 16.2 bnForecast 2036
5.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global control valve market is worth USD 10.0 bn in 2026 and is forecast to reach USD 16.2 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Globe and sliding stem is the largest by type segment.

ScopeControl valves that regulate flow, pressure and temperature in process plants: globe, rotary, butterfly and ball control valves with actuators and positioners, sold to oil and gas, chemicals, power and water users.
IndustryChemicals and Materials
Value 2025USD 9.5 bn
Value 2026USD 10.0 bn
Value 2036USD 16.2 bn
CAGR 2026-20365.0%
Volume 20262,368 thousand units
Volume 20363,164 thousand units
Average price 2026USD 4,213 per unit
Report priceStarts from USD 1,999
PublishedNovember 2026

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Control Valve market size and forecast, 2026-2036

Exhibit 1The global control valve market is forecast to grow from USD 10.0 bn in 2026 to USD 16.2 bn by 2036, a rise of 63%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.0%
Control Valve market value, 2025 to 2036Market value by year. 2025: USD 9.5 bn; 2026: USD 10.0 bn; 2027: USD 10.5 bn; 2028: USD 11.0 bn; 2029: USD 11.5 bn; 2030: USD 12.1 bn; 2031: USD 12.7 bn; 2032: USD 13.4 bn; 2033: USD 14.0 bn; 2034: USD 14.7 bn; 2035: USD 15.5 bn; 2036: USD 16.2 bn. Compound annual growth rate 2026 to 2036: 5.0%.202510.0 bn202612.7 bn203116.2 bn20365.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 10.0 bn
2027USD 10.5 bn
2028USD 11.0 bn
2029USD 11.5 bn
2030USD 12.1 bn
2031USD 12.7 bn
2032USD 13.4 bn
2033USD 14.0 bn
2034USD 14.7 bn
2035USD 15.5 bn
2036USD 16.2 bn

Control Valve market segmentation

By type

Exhibit 2Globe and sliding stem is the largest segment by type, with 46.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Control Valve market share by type, 2026Share of 2026 revenue by type. Globe and sliding stem: 46.0%; Rotary and ball: 27.0%; Butterfly: 17.0%; Other control valves: 10.0%.Globe and sliding stem46.0%Rotary and ball27.0%Butterfly17.0%Other control valves10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Globe and sliding stem46.0%44.4%USD 4.6 bn4.6%
Rotary and ball27.0%28.7%USD 2.7 bn5.6%
Butterfly17.0%17.2%USD 1.7 bn5.1%
Other control valves10.0%9.7%USD 998 mn4.6%

By end use

Exhibit 3Oil and gas adds the most revenue by end use, growing from USD 3.0 bn in 2026 to USD 4.7 bn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Control Valve market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Oil and gas: USD 3.0 bn in 2026, USD 4.7 bn in 2036, change +56%; Chemicals and petrochemicals: USD 1.9 bn in 2026, USD 3.1 bn in 2036, change +63%; Other industries: USD 1.7 bn in 2026, USD 2.6 bn in 2036, change +56%; Power generation: USD 1.5 bn in 2026, USD 2.4 bn in 2036, change +63%; Water and wastewater: USD 1.1 bn in 2026, USD 2.0 bn in 2036, change +80%; Food, pharma and life sciences: USD 798 mn in 2026, USD 1.4 bn in 2036, change +80%.20262036 forecastChangeOil and gas+56%3.0 bn4.7 bnChemicals and petrochemicals+63%1.9 bn3.1 bnOther industries+56%1.7 bn2.6 bnPower generation+63%1.5 bn2.4 bnWater and wastewater+80%1.1 bn2.0 bnFood, pharma and life sciences+80%798 mn1.4 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Oil and gas30.0%28.7%USD 3.0 bn4.5%
Chemicals and petrochemicals19.0%19.1%USD 1.9 bn5.0%
Power generation15.0%15.0%USD 1.5 bn5.0%
Water and wastewater11.0%12.1%USD 1.1 bn6.0%
Food, pharma and life sciences8.0%8.8%USD 798 mn6.0%
Other industries17.0%16.3%USD 1.7 bn4.5%

By actuation

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pneumatic58.0%54.0%USD 5.8 bn4.2%
Electric24.0%29.0%USD 2.4 bn7.0%
Hydraulic11.0%10.0%USD 1.1 bn4.0%
Manual and self-actuated7.0%7.0%USD 698 mn5.0%

By valve size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Small (up to 2 inch)31.0%31.0%USD 3.1 bn5.0%
Medium (2 to 8 inch)46.0%45.0%USD 4.6 bn4.8%
Large (above 8 inch)23.0%24.0%USD 2.3 bn5.5%

By body material

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Carbon steel44.0%41.0%USD 4.4 bn4.3%
Stainless steel31.0%32.0%USD 3.1 bn5.3%
Alloy and exotic15.0%16.0%USD 1.5 bn5.7%
Plastic and lined10.0%11.0%USD 998 mn6.0%

Top 25 countries for control valve by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 72.0% of 2026 revenue and the 25 countries below together hold 92.2%.

Exhibit 4China is the largest country market at USD 2.1 bn in 2026, and the three largest countries hold 46.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Control Valve market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 2.1 bn, 21.0%; United States: USD 1.9 bn, 19.0%; Germany: USD 598 mn, 6.0%; Japan: USD 499 mn, 5.0%; India: USD 499 mn, 5.0%; Saudi Arabia: USD 399 mn, 4.0%; South Korea: USD 349 mn, 3.5%; United Kingdom: USD 299 mn, 3.0%; Canada: USD 299 mn, 3.0%; Brazil: USD 249 mn, 2.5%.China2.1 bn 21.0%United States1.9 bn 19.0%Germany598 mn 6.0%Japan499 mn 5.0%India499 mn 5.0%Saudi Arabia399 mn 4.0%South Korea349 mn 3.5%United Kingdom299 mn 3.0%Canada299 mn 3.0%Brazil249 mn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 2.1 bn21.0%USD 3.8 bn6.0%
2United StatesUSD 1.9 bn19.0%USD 2.8 bn4.0%
3GermanyUSD 598 mn6.0%USD 845 mn3.5%
4JapanUSD 499 mn5.0%USD 699 mn3.4%
5IndiaUSD 499 mn5.0%USD 1.1 bn8.0%
6Saudi ArabiaUSD 399 mn4.0%USD 682 mn5.5%
7South KoreaUSD 349 mn3.5%USD 536 mn4.4%
8United KingdomUSD 299 mn3.0%USD 422 mn3.5%
9CanadaUSD 299 mn3.0%USD 439 mn3.9%
10BrazilUSD 249 mn2.5%USD 406 mn5.0%
11FranceUSD 182 mn1.8%USD 270 mn4.0%
12ItalyUSD 172 mn1.7%USD 253 mn4.0%
13RussiaUSD 161 mn1.6%USD 255 mn4.7%
14United Arab EmiratesUSD 161 mn1.6%USD 273 mn5.5%
15MexicoUSD 150 mn1.5%USD 255 mn5.5%
16NetherlandsUSD 139 mn1.4%USD 221 mn4.8%
17SingaporeUSD 139 mn1.4%USD 221 mn4.8%
18AustraliaUSD 139 mn1.4%USD 221 mn4.8%
19SpainUSD 118 mn1.2%USD 187 mn4.7%
20MalaysiaUSD 118 mn1.2%USD 201 mn5.5%
21IndonesiaUSD 118 mn1.2%USD 214 mn6.2%
22KuwaitUSD 107 mn1.1%USD 182 mn5.5%
23NorwayUSD 107 mn1.1%USD 171 mn4.8%
24QatarUSD 107 mn1.1%USD 182 mn5.5%
25ThailandUSD 97 mn1.0%USD 164 mn5.4%
Rest of worldUSD 783 mn7.8%USD 1.3 bn5.3%
Exhibit 5China and United States account for 41% of the USD 6.3 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Control Valve market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 10.0 bn. China: +USD 1.7 bn; United States: +USD 916 mn; India: +USD 574 mn; Saudi Arabia: +USD 283 mn; Germany: +USD 246 mn; 20 other countries: +USD 2.1 bn; Rest of world: +USD 528 mn. Market value 2036: USD 16.2 bn.Market value 202610.0 bnChina+1.7 bnUnited States+916 mnIndia+574 mnSaudi Arabia+283 mnGermany+246 mn20 other countries+2.1 bnRest of world+528 mnMarket value 203616.2 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Emerson
  • Flowserve
  • Baker Hughes
  • Valmet
  • IMI

Group 2: Regional and specialist players

  • SAMSON
  • Azbil
  • KITZ
  • Spirax Sarco
  • Cashco
  • Circor
  • Mokveld
  • Schubert and Salzer

Group 3: Emerging and niche players

  • Burkert
  • Neway Valve
  • Velan
  • Kimray
  • Bray International

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the control valve market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.0% is calculated from the resulting values.

The market is divided by type, by end use, by actuation, by valve size, by body material. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the control valve market?

The global control valve market is estimated at USD 9.5 bn in 2025 and USD 10.0 bn in 2026.

How fast will the control valve market grow?

It is forecast to reach USD 16.2 bn by 2036, a compound annual growth rate of 5.0% from 2026, an increase of USD 6.3 bn.

Which country is the largest market for control valve?

China is the largest market by revenue at USD 2.1 bn in 2026, 21.0% of the global total. The three largest countries together hold 46.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 8.0% a year from 2026 to 2036.

Which control valve segment is largest?

In the by type split, Globe and sliding stem is the largest segment with 46.0% of 2026 revenue.

Who are the leading control valve companies?

Global leaders include Emerson, Flowserve, Baker Hughes, Valmet.

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