Choke Valve Market Report 2025 (Global Edition)

Global Choke Valve Market Report 2025 Market Size Split by Type (Adjustable Choke Valve, Fixed Choke Valve), by Application (Oil and Gas Production Wells, Reservoirs), by Regulating Function (Regulati...

Choke Valve Market Report Description

We have various report editions of Choke Valve Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Choke Valve Market

The competitive landscape of the choke valve market is characterized by the presence of several key players striving to maintain their market positions through strategic initiatives such as mergers and acquisitions, product innovations, and partnerships. Companies operating in this market focus on offering high-quality choke valve solutions that cater to the diverse needs of customers in the oil and gas industry.

Choke Valve Industry News

In February 2019, Baker Hughes (a GE Company LLC) together with Centrix Control Solutions have supplied 'heavy duty 77000 series, severe service valves' to ConocoPhillips Company to replace with currently utilized product.

(Source: https://valves.bakerhughes.com/pipeline)

In May 2021, Promega Corp. launched XpressAmp Direct Amplification Reagents, designed for extraction-free preparation of viral samples for PCR-based amplification. The product includes components that facilitate the utilization of commonly available PCR reagents with samples collected via nasopharyngeal swab in either universal or viral transport medium.

.(Source: https://www.promega.in/products/clinical-laboratory-products/amplification/xpressamp-direct-amplification-reagents/)

Top Companies Market Share in Choke Valve Industry: (In no particular order of Rank)

• Yantai Jereh Petroleum Equipment & Technologies Co Ltd.
• Taite Valve Co Ltd
• Shaanxi RONGLE Petroleum Machinery co ltd
• Master Flo Valve Inc
• Schlumberger Limited
• IMI plc
• The Weir Group PLC
• Emerson Electric Co
• QUAM s.a.s. di Galli Gianluca & C w
• Mokveld Valves BV
• Asset Matrix Energy Services Ltd
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Choke Valve Market

Which Region Will Dominate the Choke Valve Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America asserts dominance in the choke valve market due to its robust oil and gas industry, particularly in regions like the United States and Canada. The continent boasts extensive oil and gas reserves, leading to significant exploration and production activities. Moreover, North America is at the forefront of technological advancements and innovation in the oil and gas sector, driving the demand for sophisticated choke valve solutions to optimize production processes and ensure operational safety.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the choke valve market primarily due to the rapid expansion of the oil and gas industry across countries like China, India, and Southeast Asian nations. As these economies undergo industrialization and urbanization, there is a surge in energy demand, driving investments in oil and gas exploration and production activities. Additionally, the increasing focus on offshore drilling activities in the Asia-Pacific region, particularly in the South China Sea and the Australian offshore basins, further propels the demand for choke valves for wellhead and production operations.

The current report Scope analyzes Choke Valve Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Choke Valve Market

According to Cognitive Market Research, the global Choke Valve market size was estimated at USD 14512.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 5804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2%from 2024 to 2031. In North America, the choke valve market exhibits a robust presence driven by the region's prominent oil and gas industry, particularly in the United States and Canada. The regional analysis reveals a significant demand for choke valves across various applications within the oil and gas sector, including wellhead control, production, and refining processes. The segmentation analysis indicates that the market is divided based on the type of choke valves, including adjustable and fixed choke valves, as well as the regulating function, shape, and application. In conclusion, North America's choke valve market is poised for steady growth, driven by ongoing investments in oil and gas exploration and production activities. The region's established energy infrastructure, technological advancements, and stringent regulatory frameworks contribute to the market's stability and innovation.

• According to Cognitive Market Research, the US had a major share in the Choke Valve market with a market size of USD 4580.05million in 2024 and is projected to grow at a CAGR of 10.0%during the forecast period. The demand is amplified by the nation's region's established energy infrastructure, technological advancements, and stringent regulatory frameworks contribute to the market's stability and innovation propels consistent growth. 
• The Canada Choke Valve market had a market share of USD 696.59million in 2024 and is projected to grow at a CAGR of 11.0%during the forecast period. Canada's stringent regulatory frameworks contribute to the market's stability and innovation.
• The Mexico Choke Valve market is projected to witness growth at a CAGR of 10.7%during the forecast period with a market size of USD 528.24million in 2024.

 

Europe Choke Valve Market

According to Cognitive Market Research, the global Choke Valve market size was estimated at USD 14512.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 4353.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.In Europe, the choke valve market reflects a notable presence due to the region's significant oil and gas exploration and production activities, particularly in countries like Norway, the United Kingdom, and Russia. The regional analysis indicates a steady demand for choke valves across various segments of the energy sector, including offshore drilling platforms, refineries, and petrochemical plants. The segmentation analysis reveals that the market is categorized based on factors such as valve type, regulating function, and end-user applications. Among the segmentation factors, adjustable choke valves stand out as the dominating category in Europe, owing to their flexibility in regulating flow rates and pressure levels in diverse operational environments. In conclusion, the choke valve market in Europe is poised for continued growth, driven by ongoing investments in the region's energy infrastructure and the exploration of new oil and gas reserves.

• The United Kingdom Choke Valve market had a market share of USD 731.41 million in 2024 and is projected to grow at a CAGR of 11.3%during the forecast period. In the UK, Choke Valve sales witness an upswing due to the nations robust owing to their flexibility in regulating flow rates and pressure levels in diverse operational environments.
• The France Choke Valve market is projected to witness growth at a CAGR of 9.7%during the forecast period with a market size of USD 400.54 million in 2024.
• According to Cognitive Market Research, the Germany Choke Valve market size was valued at USD 862.02 million in 2024 and is projected to grow at a CAGR of 10.7%during the forecast period. In Germany, Choke Valve sales surge due to the nation's the exploration of new oil and gas reserves. 
• The Italy Choke Valve market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD 374.41million in 2024.
• The Russia Choke Valve market is projected to witness growth at a CAGR of 9.5%during the forecast period with a market size of USD 674.82 million in 2024.
• The Spain Choke Valve market is projected to witness growth at a CAGR of 9.6%during the forecast period with a market size of USD 357.00 million in 2024.
• The Luxembourg Choke Valve market is projected to witness growth at a CAGR of 10.6%during the forecast period with a market size of USD 134.96 million in 2024.
• The Portugal Choke Valve market is projected to witness growth at a CAGR of 10.3%during the forecast period with a market size of USD 91.43 million in 2024.
• The Greece Choke Valve market is projected to witness growth at a CAGR of 10.8%during the forecast period with a market size of USD 52.24 million in 2024.
• Rest of Europe Choke Valve market is projected to witness growth at a CAGR of 9.2%during the forecast period with a market size of USD 674.82 million in 2024.

Asia Pacific Choke Valve Market

According to Cognitive Market Research, the global Choke Valve market size was estimated at USD 14512.2Million out of which Asia Pacific held the market around 23% of the global revenue with a market size of USD 3337.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0%from 2024 to 2031. In the Asia Pacific region, the choke valve market experiences significant growth driven by the burgeoning oil and gas industry, particularly in countries like China, India, Australia, and Indonesia. The regional analysis underscores a robust demand for choke valves across various segments, including onshore and offshore drilling operations, refining facilities, and natural gas processing plants. Segmentation analysis reveals diverse categories within the choke valve market in Asia Pacific, including different valve types, regulating functions, and end-user applications. Adjustable choke valves are prominent in the region, offering flexibility and precise control over flow rates and pressure levels in complex operating conditions. In conclusion, the Asia Pacific choke valve market presents lucrative opportunities for market players due to the region's expanding energy sector and infrastructure development initiatives.

• According to Cognitive Market Research, the China Choke Valve market size was valued at USD 1502.01 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Choke Valve sales surge in China due to the nation's expanding energy sector and infrastructure development initiatives.
• The Japan Choke Valve market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD 460.62 million in 2024.
• The India Choke Valve market had a market share of USD 400.54 million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. The demand is augmented by India's nations robust owing to their flexibility in regulating flow rates and pressure levels in diverse operational environments.
• The South Korea Choke Valve market is projected to witness growth at a CAGR of 13.1%during the forecast period with a market size of USD 333.78 million in 2024.
• The Australia Choke Valve market is projected to witness growth at a CAGR of 13.7%during the forecast period with a market size of USD 173.57 million in 2024.
• The South East Asia Choke Valve market is projected to witness growth at a CAGR of 15.0%during the forecast period with a market size of USD 230.31 million in 2024.
• The Rest of Asia Pacific Choke Valve market is projected to witness growth at a CAGR of 13.8%during the forecast period with a market size of USD 236.98 million in 2024.

South America Choke Valve Market

According to Cognitive Market Research, the global Choke Valve market size was estimated at USD 14512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 725.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4%from 2024 to 2031.In Latin America, the choke valve market experiences notable growth driven by the region's significant oil and gas reserves and ongoing exploration and production activities. The regional analysis underscores Latin America's strategic importance in the global energy landscape, attracting investments from multinational oil companies and driving demand for choke valves across various applications. Segmentation analysis reveals diverse categories within the Latin American choke valve market, including different valve types, regulating functions, and end-user applications. Adjustable choke valves are widely used in the region, offering flexibility and precise control over flow rates and pressure levels in challenging operating environments, including deep-water drilling and unconventional resource extraction. In conclusion, Latin America presents significant opportunities for growth and expansion in the choke valve market, fuelled by the region's abundant hydrocarbon resources and ongoing exploration efforts.

• According to Cognitive Market Research, the Brazil Choke Valve market size was valued at USD 310.56million in 2024 and is projected to grow at a CAGR of 12.0%during the forecast period. Choke Valve sales flourish in Brazil due to the nation's region's abundant hydrocarbon resources and ongoing exploration efforts.
• The Argentina Choke Valve market had a market share of USD 121.90million in 2024 and is projected to grow at a CAGR of 12.3%during the forecast period. The demand is augmented by Argentina's commitment to sustainable farming practices, where Choke Valve play a crucial role in enhancing crop yields.
• The Colombia Choke Valve market is projected to witness growth at a CAGR of 11.2%during the forecast period with a market size of USD 64.58million in 2024.
• The Peru Choke Valve market is projected to witness growth at a CAGR of 11.6%during the forecast period with a market size of USD 59.50million in 2024.
• The Chile Choke Valve market is projected to witness growth at a CAGR of 11.7%during the forecast period with a market size of USD 52.24million in 2024.
• The Rest of Latin America Choke Valve market is projected to witness growth at a CAGR of 10.5%during the forecast period with a market size of USD 116.82 million in 2024.

 

Middle East Choke Valve Market

According to Cognitive Market Research, the global Choke Valve market size was estimated at USD 14512.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 290.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7%from 2024 to 2031.The Middle East and Africa region stand as a pivotal player in the global choke valve market due to its substantial oil and gas reserves and extensive upstream activities. With countries like Saudi Arabia, the United Arab Emirates, and Nigeria leading the oil production landscape, the region witnesses a high demand for choke valves in drilling, production, and processing operations. Additionally, ongoing investments in offshore exploration and development projects further drive market growth in the region. Segmentation analysis reveals a diverse market landscape, with various types of choke valves being utilized across different applications. In conclusion, the Middle East and Africa region present lucrative opportunities for choke valve manufacturers and suppliers, given the region's strategic importance in the global energy sector.

• According to Cognitive Market Research, the GCC Countries Choke Valve market size was valued at USD 124.22 million in 2024 and is projected to grow at a CAGR of 12.5%during the forecast period. Choke Valve sales flourish in the GCC Countries due to the region's strategic investments in healthcare research and advancements.
• The Egypt Choke Valve market is projected to witness growth at a CAGR of 12.0%during the forecast period with a market size of USD 30.48 million in 2024.
• The South Africa Choke Valve market is projected to witness growth at a CAGR of 12.7%during the forecast period with a market size of USD 45.86 million in 2024.Choke Valve sales flourish in South Africa due to the region's ongoing exploration and production activities.
• The Turkey Choke Valve market is projected to witness growth at a CAGR of 11.2%during the forecast period with a market size of USD 24.96 million in 2024.
• The Nigeria Choke Valve market is projected to witness growth at a CAGR of 10.8%during the forecast period with a market size of USD 30.48 million in 2024.
• The Rest of MEA Choke Valve market is projected to witness growth at a CAGR of 10.7%during the forecast period with a market size of USD 34.25 million in 2024.

Choke Valve Market Analysis

Choke Valve Type Segment Analysis

According to Cognitive Market Research, the dominating category is often the adjustable choke valve. Adjustable choke valves offer the advantage of flexibility in controlling flow rates and pressures in various oil and gas production scenarios. These valves allow operators to adjust the choke orifice size based on changing well conditions, such as fluid composition, flow rates, and reservoir pressures. As a result, adjustable choke valves are widely preferred in upstream oil and gas applications, including well testing, production, and flow back operations. Their ability to adapt to dynamic operating conditions enhances operational efficiency and enables optimal reservoir management, making them the preferred choice for many oil and gas operators.

The fastest-growing category in the choke valve market is the fixed choke valve. Fixed choke valves are often used in applications where consistent flow rates and pressures are required over extended periods without the need for frequent adjustments. These valves are designed with a fixed orifice size, providing a constant restriction to the flow of fluids. The increasing adoption of fixed choke valves is driven by their simplicity, reliability, and cost-effectiveness, particularly in wellhead and production facilities where steady-state flow conditions are common. Additionally, advancements in materials and manufacturing technologies have led to the development of high-performance fixed choke valves capable of withstanding harsh operating environments, further contributing to their growing popularity in the market.

• Adjustable Choke Valve 
• Fixed Choke Valve

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Choke Valve Industry. Request a Free Sample PDF!

Choke Valve Application Segment Analysis

According to Cognitive Market Research, the dominating category often comprises choke valves used in oil and gas production wells. These choke valves play a critical role in controlling the flow of fluids from reservoirs to the surface during production operations. They are installed at wellheads or production trees to regulate the flow rate and pressure of oil, natural gas, and other fluids produced from the reservoir. Choke valves used in production wells must withstand high pressures, corrosive environments, and fluctuating operating conditions typical of oil and gas production operations. Their robust construction, reliable performance, and ability to handle harsh operating conditions make them the preferred choice for operators seeking efficient and safe production from their wells.

The fastest-growing category in the choke valve market is often associated with choke valves used in reservoirs. These choke valves are employed in various reservoir management and control applications, including pressure maintenance, fluid injection, and enhanced oil recovery (EOR) processes. With increasing emphasis on reservoir optimization and maximizing hydrocarbon recovery, there is a growing demand for choke valves tailored to reservoir-specific requirements. These valves are designed to withstand reservoir fluids, varying temperatures, and pressures encountered during injection or production processes. The growing adoption of reservoir choke valves is driven by the expansion of EOR techniques, advancements in reservoir engineering, and the need for efficient reservoir management strategies to maximize production yields and extend field life.

• Oil and Gas Production Wells 
• Reservoirs

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Choke Valve Regulating Function Segment Analysis

According to Cognitive Market Research, the dominating category often consists of regulating choke valves. These valves are designed to precisely control the flow rate and pressure of fluids passing through the valve, providing operators with the flexibility to adjust production parameters according to reservoir conditions and production requirements. Regulating choke valves are widely used in upstream oil and gas production operations, where precise control of fluid flow is essential for optimizing production rates, managing wellbore pressures, and ensuring efficient reservoir management. Their ability to maintain constant flow rates despite changing upstream conditions makes them indispensable components in wellhead and production tree systems, contributing to enhanced operational efficiency and productivity.

The fastest-growing category in the choke valve market is non-regulating choke valves. Unlike their regulating counterparts, non-regulating choke valves are designed to provide a fixed orifice size without the ability to adjust flow rates. These valves are commonly used in applications where a constant flow rate is desired, such as downstream processing facilities, pipelines, and storage tanks. The increasing demand for non-regulating choke valves is driven by the expansion of midstream and downstream oil and gas infrastructure, including pipeline networks, refineries, and petrochemical plants. As the global energy industry continues to expand, there is a growing need for reliable and durable choke valves to support the transportation, processing, and distribution of hydrocarbon fluids, contributing to the rapid growth of non-regulating choke valve segments in the market.

• Regulating
• Non-regulating

Choke Valve Shape Segment Analysis

According to Cognitive Market Research, the dominating category often comprises in-line choke valves. In-line choke valves are widely used in various industries due to their compact design and ease of installation within existing piping systems. These valves are installed directly in-line with the piping, allowing for a streamlined flow path and minimizing pressure drop across the valve. Their straightforward installation process and space-saving design make them a preferred choice for many applications, including oil and gas production, refining, chemical processing, and power generation. Additionally, in-line choke valves offer versatility in terms of flow control and are available in a wide range of sizes, materials, and pressure ratings to accommodate diverse operating conditions and fluid compositions.

The fastest-growing category in the choke valve market is angle body choke valves. Angle body choke valves feature a unique design with an angled inlet and outlet, allowing for efficient fluid flow and reduced turbulence within the valve body. This design minimizes pressure drop across the valve while providing precise control over flow rates and fluid pressure. Angle body choke valves are particularly well-suited for applications where space constraints or piping layouts require the valve to be installed at an angle to the flow direction. As industries increasingly prioritize operational efficiency and performance optimization, the demand for angle body choke valves is expected to rise, driving their rapid growth in the market.

• Angle Body
• Y-type
• In-line

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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