Market Size of India Industrial Valves Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.41 Billion |
| Market Size (2029) | USD 3.38 Billion |
| CAGR (2024 - 2029) | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Industrial Valves Market Analysis
The India Industrial Valves Market size is estimated at USD 2.41 billion in 2024, and is expected to reach USD 3.38 billion by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market for industrial valves due to several restrictions imposed by India's government. The pandemic affected the oil and gas, power, and chemicals sectors, impacting the industrial valve market. However, post-COVID-19, the market recovered significantly owing to the rising consumption of industrial valves in water treatment, oil and gas, chemical, and power applications.
- Over the short term, the increasing demand for valves from water treatment plants, the oil and gas industry, and the power industry are significant factors driving the growth of the market studied.
- However, the high costs and need for regular maintenance of valves are likely to restrain the growth of the market.
- Nevertheless, the increase in demand for automatic valves is likely to create lucrative growth opportunities for the industrial valves market.
India Industrial Valves Industry Segmentation
Industrial valves are mechanical devices that control the flow and pressure of liquids, gases, and slurries within a system. They are also known as regulators and are used in various applications. Valves vary significantly in size, design, function, and operation.
The Indian industrial valves market is segmented by type, product, application, and geography. By type, the market is segmented into butterfly valve, ball valve, globe valve, gate valve, plug valve, and other types (pitch valve, check valve, etc.). By product, the market is segmented into quarter-turn valves, multi-turn valves, and other products (control valves, valve actuators, etc.). By application, the market is segmented into power, water and wastewater management, chemicals, oil and gas, and other applications (food processing, mining, marine, etc.).
For each segment, the market sizing and forecasts are provided in terms of value (USD).
| Type | |
| Butterfly Valve | |
| Ball Valve | |
| Globe Valve | |
| Gate Valve | |
| Plug Valve | |
| Other Types (Pitch Valve, Check Valve, etc.) |
| Product | |
| Quarter-turn Valve | |
| Multi-turn Valve | |
| Other Products (Control Valves, Valve Actuators, etc.) |
| Application | |
| Power | |
| Water and Wastewater Management | |
| Chemicals | |
| Oil and Gas | |
| Other Applications (Food Processing, Mining, Marine, etc.) |
India Industrial Valves Market Size Summary
The Indian Industrial Valves market has seen significant growth, driven by increasing demand from various sectors such as water treatment, oil and gas, chemical, and power applications. The COVID-19 pandemic initially had a negative impact on the market due to restrictions imposed by the government; however, the market has since recovered considerably. Key drivers of growth include the rising demand for valves from water treatment plants and the oil and gas industry. Despite this, factors such as high costs and the need for regular valve maintenance may hinder market growth. Nevertheless, the increasing demand for automatic valves presents promising growth opportunities for the market. In terms of market trends, the oil and gas industry has been a significant contributor to the increasing demand for industrial valves. Industrial valves are used in various applications within the industry, including oil and gas exploration, production, and refining. The power industry has also seen a surge in demand for industrial valves, which are used in a range of applications including boiler startup, feed pump recirculation, and steam conditioning. As these industries continue to grow, they are expected to drive the market for industrial valves in India. The market is highly fragmented, with key players including AMTECH, Emerson Electric Co., Hawa Engineers Ltd, IMI Critical Engineering, and L&T Valves Limited.
Explore MoreIndia Industrial Valves Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Valves from Water Treatment Plants
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1.1.2 Increasing Demand for Valves in the Oil and Gas Industry
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1.1.3 Growing Demand from the Power Industry
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1.2 Restraints
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1.2.1 High Cost and Need for Regular Maintenance
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Butterfly Valve
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2.1.2 Ball Valve
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2.1.3 Globe Valve
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2.1.4 Gate Valve
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2.1.5 Plug Valve
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2.1.6 Other Types (Pitch Valve, Check Valve, etc.)
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2.2 Product
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2.2.1 Quarter-turn Valve
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2.2.2 Multi-turn Valve
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2.2.3 Other Products (Control Valves, Valve Actuators, etc.)
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2.3 Application
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2.3.1 Power
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2.3.2 Water and Wastewater Management
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2.3.3 Chemicals
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2.3.4 Oil and Gas
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2.3.5 Other Applications (Food Processing, Mining, Marine, etc.)
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India Industrial Valves Market Size FAQs
How big is the India Industrial Valves Market?
The India Industrial Valves Market size is expected to reach USD 2.41 billion in 2024 and grow at a CAGR of greater than 7% to reach USD 3.38 billion by 2029.
What is the current India Industrial Valves Market size?
In 2024, the India Industrial Valves Market size is expected to reach USD 2.41 billion.
