Industrial Efficiency Revolution: Control Valves at the Heart of Process Optimization
The control valve market is anticipated to grow from USD 10.42 billion in 2025 to USD 13.30 billion by 2030, at a CAGR of 5.0% over the forecast period. The global market for control valves has expanded notably, driven by rising industrial automation needs, the quest for streamlined process control, and innovations in valve technology, leading to improved efficiency and dependability. A recent trend transforming the control valve market is the integration of smart diagnostics and Industrial Internet of Things (IIoT) technologies. These advancements enable real-time monitoring, predictive maintenance, and adaptive control, which improve process efficiency and reduce unplanned downtime. By embedding sensors and digital positioners within control valves, manufacturers can now offer self-diagnostic capabilities that alert operators to potential failures well in advance. This development is particularly beneficial in industries such as oil & gas, power generation, and c...