In response to technical issues such as the ineffective noise reduction impact of balanced cage and single-seat control valves, the U-shaped noise reduction cage control valve is investigated and developed. In addition, its equal percentage flow properties and noise reduction impact are good, allowing it to effectively minimize the noise created by the change of fluid parameters of medium such as vapor, gas, and gas-liquid two-phase flow. The flow coefficient and flow properties were analyzed. The noise features of the medium air flow at small and large openings of 30% and 85% are simulated and analyzed, respectively. The pressure, velocity, and temperature of the inlet and outlet air, as well as the sound intensity maximum and sound power level maximum, are also analyzed with the opening curves. A small opening of 30% was selected, and the noise characteristics of cavitation generated by the medium water flow were simulated and analyzed. Together with the pressure and temperature change curves of the incoming water, the volume maxima and density minima of water are studied. The maximum sound intensity and sound power level of water are analyzed using the pressure and temperature curves of inlet water, as well as the cavitation coefficient and the degree of opening. The results of the trial for the pressure resistance of the valve body and the trial for the valve seat seal indicate that both the valve body strength and the valve seat seal meet the specifications. Comparing the noise trial results and simulation results reveals that the sound intensity and sound power level assessed by the trial and simulation are comparable, and the noise reduction impact of the control valve is positive.