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The Indian Industrial Valves Market valued at USD2,731.45 million in 2022 and is anticipated to project a robust growth in the forecast period with a CAGR of 5.65% through 2028. This is attributed to rapidly rising government projects and localization of products. Industrial valves represent the devices that open, close, or partially obstruct passageways to maintain the flow of liquid or gas within a container, pipe, or any other material. The growing export of Indian products to the foreign market is propelling the market growth. Expanding FDI in several industries including oil and gas sector is supporting the market growth. Speak directly to the analyst to clarify any post sales queries you may have.
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The elevating level of industrialization, along with the growing automation in industrial processes, is supporting the growth of the market. The increasing number of oil and gas exploration activities in offshore field is contributing to the market growth. With this, rise in number of pipeline installations and the inflating need for controlling as well as monitoring them from a centralized location are positively influencing the market growth. The integration of smart control systems and the growing adoption of diagnostics in industrial valves to aid monitor upstream and downstream pressure stem position, temperature, and flow rate. India is known for its trade relations with several countries and since the last decade, India is continuously focusing to improve the trade relations thereby giving more export options to the Indian manufacturers.
The Indian Industrial Valves Market is segmented based on type, industry, region, and company. Based on Type, the market is further fragmented Globe Valve, Ball Valve, Butterfly Valve, Check Valve, Gate Valve and Others. The Indian Industrial Valves Market is dominated by globe valve in the type segment. With a market share of 23.84% in the base year 2022, globe valve is widely used in India, given their wide range of applications in industries.
The major market players in the Indian Industrial Valves Market are L&T Valves, Kirloskar Brothers Limited, CRI Pumps, Ampo Valves, Emerson Electric Co., VIP Valves Private Limited India, Amco Industrial Valves, Amtech Valves, Hawa Engineers Ltd and Novel Valves.
Years considered for this report:
Historical Years: 2018-2021Base Year: 2022
Estimated Year: 2023E
Forecast Period: 2024F-2028F
Objective of the Study:
- To analyze the historical growth in the market size of the Indian Industrial Valves Market from 2018 to 2022.
- To estimate and forecast the market size of the Indian Industrial Valves Market from 2023E to 2028F and growth rate until 2028.
- To classify and forecast the Indian Industrial Valves Market on the basis of type, industry, regional distribution, and competitive landscape.
- To identify dominant region or segment in the Indian Industrial Valves Market.
- To identify drivers and challenges for the Indian Industrial Valves Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Industrial Valves Market.
- To identify and analyze the profile of leading players operating in the Indian Industrial Valves Market.
- To identify key sustainable strategies adopted by the market players in the Indian Industrial Valves Market.
The publisher calculated the Indian Industrial Valves Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The publisher Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources including company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by the publisher.
Key Target Audience:
- Industrial valves manufacturing companies
- End-users
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to industrial valves
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as industrial valves manufacturing companies, end-users etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Indian Industrial Valves Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Industrial Valves Market, By Type:
- Globe Valve
- Ball Valve
- Check Valve
- Butterfly Valve
- Gate Valve
- Others (Control, Pinch, Air Valve etc.)
India Industrial Valves Market, By Industry:
- Oil & Gas
- Power Generation
- Chemicals & Petrochemicals
- Wastewater Effluent
- Food & Beverages
- Others (Pulp & Paper, Health etc.)
India Industrial Valves Market, By Region:
- West
- South
- North
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Industrial Valves Market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
Detailed analysis and profiling of additional market players (up to five).Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID 19 on India Industrial Valves Market12. Market Trends and Developments13. Policy & Regulatory Landscape15. Strategic Recommendations
5. Voice of Customer
6. India Industrial Valves Market Outlook
7. West Industrial Valves Market Outlook
8. South India Industrial Valves Market Outlook
9. North India Industrial Valves Market Outlook
10. East India Industrial Valves Market Outlook
11. Market Dynamics
14. Competitive Landscape
16. About the Publisher & Disclaimer
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- L&T Valves
- Kirloskar Brothers Limited
- Ampo Valves
- Emerson Electric Co.
- CRI Pumps
- VIP Valves Private Limited India
- Amco Industrial Valves
- Amtech Valves
- Hawa Engineers Ltd
- Novel Valves
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 78 |
Published | July 2022 |
Forecast Period | 2018 - 2028 |
Estimated Market Value ( USD | $ 2506.95 Million |
Forecasted Market Value ( USD | $ 3736.73 Million |
Compound Annual Growth Rate | 4.0% |
Regions Covered | India |