Technology

Control Valves Market to Reach $13.4 Billion by 2032–Exclusive Report by Meticulous Research®

Published

2 years ago

March 21, 2025

REDDING, Calif., March 21, 2025 /PRNewswire/ — According to a new market research report titled, ‘Control Valves Market Size, Share, Forecast, & Trends Analysis by Product (Rotary Control Valves, Linear Control Valves), Actuation Type, Fluid Type (Liquid, Gas), Material, Size, End User (Oil & Gas, Water & Wastewater Treatment)–Global Forecast to 2032,’ the control valves market is expected to reach $13.4 billion by 2032, at a CAGR of 7.3% from 2025 to 2032.

Control valves are critical mechanical components designed to regulate the flow, pressure, temperature, or fluid levels (liquids, gases, or steam) within industrial systems. By adjusting flow through movable elements such as plugs, balls, or discs, these valves help maintain optimal process conditions.

The market for control valves is experiencing significant growth, primarily driven by the increasing demand in the oil & gas sector and the rising adoption of automation technologies across manufacturing and processing industries. Additionally, the growing need for customized control valves tailored to industry-specific requirements and the expanding application of these valves in water and wastewater treatment present lucrative opportunities for market players.

Key industry trends include the integration of IoT and smart technologies into control valve systems, as well as continuous advancements in materials and design, enhancing efficiency and performance.

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Key Players:

Some of the major players operating the global control valves market are Emerson Electric Co. (U.S.), Siemens Corporation (Germany), Schneider Electric SE (France), Honeywell International Inc. (U.S.), KSB SE & Co. KGaA (Germany), Flowserve Corporation (U.S.), IMI plc (U.K.), Parker Hannifin Corporation (U.S.), Bray International (U.S.), Pentair plc (U.K.), Lapar Control Valve (Italy), Athena engineering S.R.L (Italy), KITZ Corporation (Japan), Christian Bürkert GmbH & Co. KG (Germany), and Curtiss-Wright Corporation (U.S.) among others.

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The overall control valves market is segmented by product (rotary control valves (ball valves, butterfly valves, plug valves, and other rotary control valves), linear control valves (globe valves, gate valves, check valves, and other linear control valves)), by actuation type (electric actuator, pneumatic actuator, hydraulic actuator), by fluid type (liquid, gas, steam), by material (stainless steel, cast iron, cryogenic, alloy-based, other materials), by size (< 1 inch, 1 to 6 inch, > 6 inch), and by end user (oil & gas, water & wastewater treatment, food & beverage, energy & power, chemical, pulp & paper, pharmaceuticals, metals & mining, automotive, electronics, and other end users). This study also evaluates industry competitors and analyzes the regional and country-level markets.

Key Findings in the Control Valves Market Study:

Among the products studied in this report, in 2025, the rotary control valves segment is estimated to account for the largest share of the overall control valves market. Moreover, the rotary control valves segment is also expected to register the highest CAGR during the forecast period. Rotary control valves, including ball valves and butterfly valves, regulate the flow of fluid by using rotational motion. This segment’s rapid growth is driven by several factors, including the increasing adoption of cost-effective flow control solutions, growing demand from the oil & gas and water treatment sectors, high durability and versatility of rotary control valves, and advancements in smart valve technologies.

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Among the actuation type studied in this report, in 2025, the pneumatic actuator segment is anticipated to dominate the overall control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing use of pneumatic actuators in linear motion control applications, extensive utilization in high-temperature processes due to their durability, and the rising adoption of pneumatic actuators to convert compressed air or gas into mechanical motion.

However, the electric actuator segment is expected to register the highest CAGR during the forecast period. Electric actuators use electrical energy to automate valve operation, offering precise control and efficiency. This segment’s rapid growth is driven by several factors, including the rising adoption of energy-efficient automation solutions, increasing deployment of smart valves in Industry 4.0 setups, reduced maintenance requirements of electric actuators, and a growing focus on sustainability and clean energy initiatives.

Among the fluids studied in this report, in 2025, the liquid segment is anticipated to dominate the control valves market. However, the gas segment is expected to register the highest CAGR during the forecast period. Control valves for gas applications manage the flow of gases in industries like oil & gas, chemical, and power generation. This segment’s rapid growth is driven by several factors, including the rising demand for natural gas as a cleaner energy source, expansion of gas pipelines and distribution networks, growing adoption of compressed air systems in manufacturing, and increasing investments in gas storage and transportation infrastructure.

Among the material studied in this report, the stainless-steel segment is expected to register the highest CAGR during the forecast period. This segment’s rapid growth is driven by several factors, including the rising use of stainless-steel valves in chemical and pharmaceutical industries, demand for hygienic and corrosion-resistant materials in food and beverage applications, increased focus on durability in extreme conditions, and growing preference for premium-quality materials in critical applications.

Among the size studied in this report, the 1 to 6 Inch segment is expected to register the highest CAGR during the forecast period. Valves of this size are versatile and commonly used in medium-scale industrial and municipal applications. This segment’s rapid growth is driven by several factors, including the widespread use in water and wastewater treatment plants, growing deployment in midstream oil & gas infrastructure, and increasing demand in manufacturing facilities for process optimization.

Among the end users studied in this report, in 2025, the oil & gas segment is anticipated to dominate the overall control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing adoption of control valves in the oil & gas industry to manage flow rates and pressure and the increasing need for automation and process optimization in oil & gas operations.

However, the water & wastewater treatment segment is expected to register the highest CAGR during the forecast period. This segment’s rapid growth is driven by several factors, including the rising global demand for clean water, increased investments in wastewater recycling and treatment infrastructure, growing focus on water conservation and efficient resource utilization, and advancements in automated and smart water treatment solutions.

Among the geographies studied in this report, in 2025, North America is anticipated to dominate the global control valves market. However, the control valves market in the Asia-Pacific (APAC) region is experiencing rapid growth, fueled by a mix of industrialization, infrastructure growth, and technological revolution. APAC, which counts among its own some of the world’s highest-growing economies in China, India, Japan, and Southeast Asia, has developed into a source of global industrial growth. This expansion is mainly seen in industries such as oil and gas, power generation, chemicals, water and wastewater treatment, and pharmaceuticals, all of which rely extensively on control valves to control processes and make them more efficient. Urbanization and economic growth have caused growing energy needs in the region, prompting substantial investment in power generation projects in thermal, nuclear, and renewable forms. Control valves are the backbone of these projects, regulating the flow of water, steam, and gases to provide the best performance and safety.

The growth of the petrochemical and oil and gas industries in APAC region is one of the major drivers of the control valves market. The region is a dominant player in the oil and gas industry worldwide, with current and future projects in refining, exploration, and distribution. Control valves are indispensable for the process control of these industries, providing safe and efficient operations. In addition, the APAC region’s presence of domestic manufacturers and international players such as Emerson, Siemens, Honeywell, and Schlumberger is promoting competition and innovation. Local and foreign firms’ strategic collaborations are speeding up the implementation of sophisticated control valve technologies, boosting market growth even further.

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Scope of the Report:

Control Valves Market Assessment—by Product

Rotary control valvesBall ValvesButterfly ValvesPlug ValvesOther Rotary control valvesLinear Control ValvesGlobe ValvesGate ValvesCheck ValvesOther Linear Control Valves

Control Valves Market Assessment—by Actuation Type

Electric ActuatorPneumatic ActuatorHydraulic Actuator

Control Valves Market Assessment—by Fluid Type

LiquidGasSteam

Control Valves Market Assessment—by Material

Stainless SteelCast IronCryogenicAlloy-basedOther Materials

Control Valves Market Assessment—by Size

< 1 Inch1 to 6 Inch> 6 Inch

Control Valves Market Assessment—by End User

Oil & GasWater & Wastewater TreatmentFood & BeverageEnergy & PowerChemicalPulp & PaperPharmaceuticalsMetals & MiningAutomotiveElectronicsOther End Users

Control Valves Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainNetherlandsSwitzerlandSwedenRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaMalaysiaAustralia & New ZealandIndonesiaSingaporeRest of Asia-Pacific (RoAPAC)Latin AmericaMexicoBrazilRest of Latin America (RoLATAM)Middle East & AfricaIsraelSaudi ArabiaUAERest of Middle East & Africa (RoMEA)

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About Meticulous Research

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Technology

Lovey announces £250m senior secured credit facility with Pollen Street Capital

Published

22 minutes ago

October 27, 2026

UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited):
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours.

Website: www.lovey.com

Pollen Street Press Office:
FGS Global
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com

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Technology

Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

Published

22 minutes ago

October 27, 2026

BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

Published

22 minutes ago

October 27, 2026

Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.”

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.”

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

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SOURCE IBS Software