Press Release

Growing Natural Gas Consumption and Energy Demand to Drive India Industrial Valves Market to $ 2.2 Billion by 2023

Expanding power and oil & gas sectors, and growing number of water & wastewater management plants to drive India industrial valves market through 2023

According to TechSci Research report, India Industrial Valves Market By Product Type, By End User Industry, Competition Forecast & Opportunities, 2013 – 2023’’, industrial valves market in India is projected to reach nearly $ 2.2 billion by 2023, owing to increasing natural gas consumption and energy demand and rising potential of replacement valves market. Extensive use of industrial valves in upstream, midstream and downstream activities in the oil & gas sector coupled with increasing number of water & wastewater management plants are the other key factors expected to boost demand for industrial valves in India in the coming years.

Browse 14 market data Tables and 37 Figures spread through 116 Pages and an in-depth TOC on  “India Industrial Valves Market"

By valve type, the gate valve segment dominated India industrial valves market in 2017 and the segment is expected to maintain its market dominance during forecast period, owing to their wide use in oil & gas and water & wastewater management industries. Moreover, in the coming years, butterfly valves are expected to exhibit the fastest growth rate, on account of increasing number of water & wastewater management and power plants in India. Oil & gas sector leads India industrial valves market, while power sector is anticipated to grow at the fastest during the forecast period, backed by installation of new power plants and expansion of existing power plants in the country.

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West India is the leading demand generating region for industrial valves in the country, owing to the presence of oil & gas, power, and chemicals & petrochemical industries in major states like Gujarat and Maharashtra. However, backed by increasing industrial capabilities in the southern part of the country, South India is expected to emerge as the fastest growing region in India industrial valves market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Industrial Valves Market By Product Type, By End User Industry, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of industrial valves market in India and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India industrial valves market.

About TechSci Research

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