Press Release

India Industrial Valves Market to Surpass $2.4 Billion by 2022

Widening power demand supply gap and growing requirement of natural gas coupled with favorable government initiatives to drive India industrial valves market by 2022

According to a TechSci Research report, India Industrial Valves Market, By Functionality, By End Use Industry, Competition Forecast & Opportunities, 2012 – 2022, the industrial valves market in India is anticipated to surpass $2.4 billion by 2022. In India, industrial valves market has been catalyzed by rising demand for power across diverse end use sectors such as oil & gas, power, petrochemicals, etc. Oil & gas pipeline infrastructure is undergoing considerable expansion in India, and since valves are regularly deployed in pipelines, which, in turn, has been driving their sales in this sector in India.

During the 12th Five Year Plan (FYP), the FDI inflows in petroleum & natural gas sector attracted investments worth USD152.77 billion; wherein a major chunk of the fund is to be used for the expansion of gas pipeline projects across the country. The Indian Government has announced plans to develop additional 15,000 kms of gas pipelines by 2017. Increase in the number of pipeline projects in the country is expected to positively influence the India industrial valves market over the next five years.

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“Any improvement in the performance of industrial valve positively impact its end use industry. In oil & gas hydraulic fracturing of unconventional plays, any failure of a frac valve can have a huge impact on operational efficiency. Operators are ready to pay extra for industrial valves with better performance, and are reliable under the most extreme conditions of temperature and pressure.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Industrial Valves Market, By Functionality, By End Use Industry, Competition Forecast & Opportunities, 2012 – 2022has evaluated the future growth potential of India industrial valves market and provided statistics and information on market structure, industry behaviour and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in the India industrial valves market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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