India Industrial Valves Market By Type (Globe Valve, Ball Valve, Check Valve, Butterfly Valve, Gate Valve, Others), By Industry (Oil & Gas, Power Generation, Wastewater Effluent, Chemicals & Petrochemicals, Food & Beverages, Others), By Region, Competition, Forecast & Opportunities, 2028

India 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% owing to rapidly increasing government initiatives and localization of products.

Industrial valves are devices that open, close, or partially obstruct passageways to maintain the flow of liquid or gas within a container, pipe, or any other material. Given the type of valve alternatives present in the market, finding the one which will provide ideal results can be challenging.

Make in India Initiative

Since the beginning of the Make in India initiative, many foreign companies have made their way to India and set up manufacturing plants, which have helped the Indian economy grow and led to an abundance of products. This initiative has also increased the export of Indian products to foreign markets, adding more value to the industrial valve market. Boycotting Chinese products has proven beneficial for the Indian companies as the consumers are looking forward to the Indian products. As Industrial Valves have their applications in those industries that are a major contributor to India’s GDP, these valves have a huge demand in the upcoming future as well.

Increasing FDI in Industries Such as Oil and Gas and Other Industries

India is a central hub for foreign investment because of its large population and people having disposable income. This makes many companies look forward to India to increase their revenue. In 2019 & 2020, the Government allowed 100% FDI in many industries such as Pharmaceuticals, Oil & Gas, Agriculture, Chemicals, Food Processing, and many others, making a new path for industrial valve manufacturers. According to IBEF, India was among the top 10 economies in the world in terms of FDI. These industries are also a major contributor to Industrial Valves market revenue and the need for industrial valves will also be fuelled as there will be an increase in R&D in these industries.

Increase in Demand for Power 

The increase in urbanization has not only led to an increase in population in urban cities but also the launch of new projects such as Smart Cities, Commercial Hubs, and other such initiatives. From starting these projects, to maintaining them, constant power is required. To fulfil all the needs, 24*7 electrification is required in all these projects. Industrial valves play a crucial role in this process as non-stop electricity is required for the smooth running of commercial hubs and all the facilities associated with them. Also, with an increase in disposable income of the people, whether residing in urban or rural, demand for power is increasing at a rapid pace, which is expected to increase the demand for industrial valves.

Strengthening Trade Relations

India is known for its trade relations with many countries and since the last decade, India is continuously trying to commence its trade relations which it did not had with some countries till now thereby giving more export options to the Indian manufacturers. Since there is a huge stock pileup for use, shortage of valves won’t be a concern and with Indian valves being exported to other countries, the Indian companies will be the one who will get benefitted from trade relations.

Click here to download the sample

Market Segmentation

The India Industrial Valves Market is segmented based on Type, Industry, Region, and by Company. Based on Type, the market is further fragmented into Globe Valve, Ball Valve, Butterfly Valve, Check Valve, Gate Valve and Others. Based on Industry, the market is segmented into Oil & Gas, Power Generation, Wastewater Effluent, Chemicals & Petrochemicals, Food & Beverages, and Others. On the basis of regional analysis, the market is divided into regions i.e., North, South, East and West.

Company Profiles

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 and Novel Valves are among the major market players in India Industrial Valves Market.

Report Scope:

In this report, India 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:

o   Globe Valve

o   Ball Valve

o   Check Valve

o   Butterfly Valve

o   Gate Valve

o   Others (Control, Pinch, Air Valve etc.)

·         India Industrial Valves Market, By Industry:

o   Oil & Gas

o   Power Generation

o   Chemicals & Petrochemicals

o   Wastewater Effluent

o   Food & Beverages

o   Others (Pulp & Paper, Health etc.)

·         India Industrial Valves Market, By Region:

o   West

o   South

o   North

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Industrial Valves Market.

Available Customizations:

With the given market data, TechSci Research 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).