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"
https://www.techsciresearch.com/report/india-industrial-valves-market/3549.html
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.
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