Industrial Thermostatic Control Valves Market Research Report By Type (Two-Way Control Valves, Three-Way Control Valves, Mixing Control Valves, Pressure Independent Control Valves), By Size (DN10, DN15, DN20, DN25, DN32, DN40, DN50, DN65, DN80, DN100, DN125, DN150), By Industry (HVAC, Oil and Gas, Water and Wastewater Treatment, Power Generation, Petrochemical), By Operation (Pneumatic, Electric, Self-Contained) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Industrial Thermostatic Control Valves Market Overview

The Industrial Thermostatic Control Valves Market Size was estimated at 7.5 (USD Billion) in 2022. The Industrial Thermostatic Control Valves Industry is expected to grow from 7.75(USD Billion) in 2023 to 10.4 (USD Billion) by 2032. The Industrial Thermostatic Control Valves Market CAGR (growth rate) is expected to be around 3.32% during the forecast period (2024 - 2032).

Key Industrial Thermostatic Control Valves Market Trends Highlighted

The Industrial Thermostatic Control Valves Market is anticipated to exhibit steady growth in the coming years. Key market drivers include the increasing demand for energy-efficient solutions, growing urbanization, and expanding industrial sectors. Opportunities to be explored include the development of smart thermostatic control valves with advanced functionalities and the adoption of these valves in emerging economies.Recent trends in the market include the integration of Internet of Things (IoT) capabilities into thermostatic control valves, enabling remote monitoring and control. Additionally, there is a growing focus on sustainability, leading to the development of eco-friendly thermostatic control valves with reduced carbon emissions. These trends are expected to shape the future of the Industrial Thermostatic Control Valves Market, creating new avenues for growth and innovation.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Thermostatic Control Valves Market Drivers

Increasing Demand for Energy Efficiency in Industrial Processes

Utilization of a vast amount of energy in industrial processes sets a task to optimize the energy consumption, and thermostatic control valves are a key factor allowing for achievement of this target. Incorporated into the systems processing and transferring fluids of various nature, these devices help maintain the necessary temperature level. As a result, the energy waste is minimized, and the work of the entire facility is improved. Nowadays, industries are striving to reduce their waste in general and are willing to switch to thermostatic control valves in order to reduce their impact on the environment and cut costs.In addition, there are multiple regulations and standards set by the government and professional communities, which are designed to optimize energy use.

Rising Adoption of Automation in Industrial Processes

The process of the Industrial Internet of Things  and the introduction of Industry 4.0 have become the turning points in the development of many industrial processes. The focus on automation and data-driven decision-making has resulted in thermostatic control valve becoming one of the components, which are increasingly used within the frameworks of such processes. Nowadays, these components can boast of such opportunities as remote monitoring, real-time data analyzing, and predictive maintenance.In combination with sensors, actuators, and control systems, they may provide specific temperature control, enhancing overall productivity, minimizing periods of downtime and improving the entire system performance.

Expansion of Pharmaceutical and Biotechnology Industries

Biotechnology and pharmaceuticals products heavily depend on exact temperature maintenance to ensure quality and safety. Thus, thermostatic control valves are crucial in numerous devices, such as bioreactors and fermentation tanks, used for drug and vaccine production or creation of any other kind of biological product. Increased requirements for healthcare products and advanced manufacturing of drugs drive the need for accurateness of modern thermostatic control valves.They help in maintaining appropriate temperatures to preserve product integrity through minimized spoilage and ensuring effective production within the Industrial Thermostatic Control Valves Market Industry.

Industrial Thermostatic Control Valves Market Segment Insights

Industrial Thermostatic Control Valves Market Type Insights 

There are several types of the Industrial Thermostatic Control Valves Market, including Two-Way Control Valves, Three-Way Control Valves, Mixing Control Valves, and Pressure Independent Control Valves. Two-Way Control Valves are the most common and the simplest, which results in lower price and wide application for the use of various kinds of industrial purposes. Such valves are good for regulation of any sort of a liquid, with the need to control it in only one direction, such as temperature, pressure, and flow rate, making it suitable in many applications.As of 2023, the market value for Two-Way Control Valves was at about USD 2.5 billion, and it is expected to grow, reaching over USD 3.2 billion by 2030; it will be a steady increase. Three-Way Control Valves have an additional port, which allows for more functions other than mixing the two fluids by diverging and blending them. These valves are used in the applications where the temperature to be reached is very precise, such as HVAC, process industries, and even power plants. The Industrial Thermostatic Control Valves Market for Three-Way Control Valves will also expand, from USD 1.8 billion in 2023 to over USD 2.4 billion by 2030.Mixing Control Valves are meant to mix two or more fluids of the desired temperature, in order to produce a different temperature as the end product. It is usually used in the food and beverage, pharmaceutical, and chemical processing industries. The Industrial Thermostatic Control Valves Market value is expected to reach USD 1.6 billion by 2030, growing from 1.2 billion in 2023. Pressure Independent Control Valves are still quite popular, especially in the processes that require a certain liquid flow, which is not affected by the pressure changes around it.Thus, the flow of liquid remains the same, and it is suitable for different types of industries. The Industrial Thermostatic Control Valves Market value will also increase for this type, from USD 1.5 billion in 2023 to USD 2.1 billion by 2030.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Thermostatic Control Valves Market Size Insights   

The Industrial Thermostatic Control Valves Market is segmented based on the Size into DN10, DN15, DN20, DN25, DN32, DN40, DN50, DN65, DN80, DN100, DN125, DN150. The DN20 segment is expected to record the highest growth rate during the forecast period. The growth in the market is due to the increasing demand for thermostatic control valves in the residential and commercial sector. The DN15 and DN25 are also expected to witness significant growth during the forecast period. The Industrial Thermostatic Control Valves Market segmentation provided a comprehensive list of various segments of the market, including Size.The market data and statistics provided in the segmentation are helpful for the players to make informed decisions and capitalize on the growth opportunities available in the Industrial Thermostatic Control Valves Market.

Industrial Thermostatic Control Valves Market Industry Insights   

The Industrial Thermostatic Control Valves Market is segmented by industry into HVAC, oil and gas, water and wastewater treatment, power generation, and petrochemical. The HVAC segment is expected to hold the largest share of the market in 2023, owing to the increasing demand for energy-efficient HVAC systems in commercial and residential buildings. The oil and gas segment is also expected to witness significant growth, due to the rising demand for thermostatic control valves in oil and gas exploration and production activities. The water and wastewater treatment segment is expected to grow at a steady pace, driven by the increasing need for efficient water management and wastewater treatment solutions.The power generation segment is also expected to witness growth, due to the increasing demand for reliable and efficient power generation systems. The petrochemical segment is expected to grow at a moderate pace, driven by the increasing demand for thermostatic control valves in the production of chemicals and plastics.

Industrial Thermostatic Control Valves Market Operation Insights   

The Industrial Thermostatic Control Valves Market segmentation by operation includes Pneumatic, Electric, and Self-Contained. Among these, the Pneumatic segment is expected to have considerable growth in the market. The Industrial Thermostatic Control Valves Market revenue from Pneumatic operation is expected to grow from USD 3.2 billion in 2023 to USD 4.2 billion in 2032, exhibiting a CAGR of 3.3% during the forecast period. Pneumatic valves are preferred in harsh industrial environments due to their reliability, low maintenance requirements, and ability to withstand extreme temperatures and pressures.Moreover, the increasing adoption of automation in industries is driving the demand for pneumatic valves as they offer precise control and remote operation capabilities.

Industrial Thermostatic Control Valves Market Regional Insights   

The Industrial Thermostatic Control Valves Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to account for the largest share of the market in 2023, owing to the presence of a large number of manufacturing industries in the region. Europe is expected to be the second-largest market for industrial thermostatic control valves, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period, due to the increasing demand for industrial thermostatic control valves from emerging economies such as China and India.South America and MEA are expected to account for a relatively small share of the market. The Industrial Thermostatic Control Valves Market is driven by factors such as the increasing demand for energy efficiency and the need for precise temperature control in industrial processes. The market is also expected to benefit from the growing adoption of automation and digitalization in the manufacturing industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Thermostatic Control Valves Market Key Players And Competitive Insights

Major players in Industrial Thermostatic Control Valves Market industry are focusing on developing innovative products and technologies to meet the evolving needs of customers. Leading Industrial Thermostatic Control Valves Market players are also investing in research and development activities to improve the performance and efficiency of their products. The Industrial Thermostatic Control Valves Market industry is characterized by intense competition, with major players constantly striving to gain market share. Key players in the Industrial Thermostatic Control Valves Market are adopting various strategies, such as mergers and acquisitions, partnerships, and collaborations, to strengthen their position in the market.Emerson Electric Co. is a leading provider of Industrial Thermostatic Control Valves Market solutions. The company offers a wide range of products, including control valves, actuators, and sensors. Emerson Electric Co. has a strong presence, with operations in over 150 countries. The company is committed to providing innovative and reliable products and services to its customers. Emerson Electric Co. is a major player in the Industrial Thermostatic Control Valves Market and is well-positioned to continue to grow its market share in the coming years.Honeywell International Inc. is a leading competitor in the Industrial Thermostatic Control Valves Market. The company offers a comprehensive range of products, including control valves, actuators, and sensors. Honeywell International Inc. has a strong presence, with operations in over 100 countries. The company is committed to providing high-quality products and services to its customers. Honeywell International Inc. is a major player in the Industrial Thermostatic Control Valves Market and is well-positioned to continue to grow its market share in the coming years.

Key Companies in the Industrial Thermostatic Control Valves Market Include

• Honeywell International Inc.


• ABB Ltd.


• Schneider Electric SE


• IMI plc


• Flowserve Corporation


• SpiraxSarco Engineering plc


• Rockwell Automation, Inc.


• Pentair plc


• Johnson Controls International plc


• Emerson Electric Co.


• Danfoss A/S


• Yokogawa Electric Corporation


• Crane Co.


• Siemens AG


• Alfa Laval AB

Industrial Thermostatic Control Valves Market Industry Developments

The industrial thermostatic control valves market is projected to reach USD 10.4 billion by 2032, exhibiting a CAGR of 3.32% during the forecast period. This growth can be attributed to increasing demand for energy-efficient solutions and stringent government regulations aimed at reducing greenhouse gas emissions. Additionally, advancements in automation and digitalization are driving the adoption of smart thermostatic control valves, which offer enhanced control and monitoring capabilities. Key market trends include the rising popularity of wireless communication technologies, the integration of IoT devices, and the growing adoption of cloud-based platforms for remote monitoring and control. Recent developments include the launch of new products with improved temperature control accuracy, energy efficiency, and durability.

Industrial Thermostatic Control Valves Market Segmentation Insights 

Industrial Thermostatic Control Valves Market Type Outlook

• Two-Way Control Valves


• Three-Way Control Valves


• Mixing Control Valves


• Pressure Independent Control Valves

Industrial Thermostatic Control Valves Market Size Outlook

• DN10


• DN15


• DN20


• DN25


• DN32


• DN40


• DN50


• DN65


• DN80


• DN100


• DN125


• DN150

Industrial Thermostatic Control Valves Market Industry Outlook

• HVAC


• Oil and Gas


• Water and Wastewater Treatment


• Power Generation


• Petrochemical

Industrial Thermostatic Control Valves Market Operation Outlook

• Pneumatic


• Electric


• Self-Contained

Industrial Thermostatic Control Valves Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa