India Industrial Valves Market Overview, 2028

India Industrial Valves Market Overview, 2028

India's enormous population and growing standard of living have made it the main hub for global investment. The government opened up several industries, including pharmaceuticals, oil and gas, agriculture, chemicals, food processing, and many others, to 100% FDI in 2019 and 2020, opening up new opportunities for manufacturers of industrial valves. India is ranked among the top 10 economies in the world in terms of FDI, according to IBEF. These sectors also significantly raise the market's income for industrial valves, and as R&D spending in these sectors rises, so will demand for industrial valves. The growing use of industrial valves in sewage pumps, sewage treatment facilities, and numerous other applications also contributes to the market's expansion. In order to prevent unplanned downtime and other undesirable valve failure-related problems, businesses are now utilizing cutting-edge solutions like artificial intelligence (AI) and Internet of Things (IoT) technology. Professionals can remotely check the performance and health of industrial valves thanks to these valve technologies. Censored valves are used by the industry to reduce failure rates and total maintenance costs as industrialization develops. During the projection period, market strength is anticipated to increase due to the adoption of these innovative assets. India's rapid industrialization and economic growth have led to increased infrastructure development, manufacturing activities, and energy production. This expansion drives the demand for industrial valves in various sectors. The country's growing urban population and urbanization trends lead to increased investment in infrastructure development, including water supply, sewage systems, and power generation. Industrial valves play a crucial role in these infrastructure projects. India's energy sector is expanding rapidly. The construction of power plants, both conventional and renewable, requires a wide range of valves for steam, gas, and water control. The government's emphasis on energy efficiency further drives the demand for high-quality valves.

According to the research report ""India Industrial Valves Market Overview, 2028,"" published by Bonafide Research, the India Industrial Valves market is projected to grow with 7.19% CAGR from 2023 to 2028. India is a major consumer of gas and oil. Industrial valves are needed in this industry for distribution, production, refining, and exploration. The demand for specialty valves is driven by the nation's ongoing need for hydrocarbon products. Chemicals, steel, cement, and textiles are just a few of the several industries that make up India's industrial industry. These industries employ industrial valves for managing materials and controlling operations, which contributes to their strong demand. Irrigation systems are crucial to the agriculture sector in India since they guarantee crop output. The need for industrial valves has increased since they are essential for managing water flow in irrigation networks. The building of manufacturing facilities and refineries has been facilitated by the Indian government's policy to entice foreign investment. As a result, the need for industrial valves increases. Waste-to-energy projects are gaining popularity in India as the country searches for environmentally friendly ways to manage waste and produce energy. These installations employ industrial valves for gas safety and control. Due to infrastructural initiatives, real estate development, and urban growth, India's construction industry is expanding significantly. HVAC (heating, ventilation, and air conditioning) systems, plumbing, and fire safety all employ valves. India's trade partnerships and collaborations with other countries have facilitated the exchange of technology and expertise, further boosting the development of advanced valve solutions. Hydraulic and pneumatic systems are widely used in various industries for machinery and equipment operation. Control valves and actuators are integral to these systems, driving demand for such components.

Based on type market is bifurcated into globe valve, ball valve, butterfly valve, gate valve, check valve, pressure relief valve, plug valve, needle valve, pinch valve, diaphragm valve and others. Globe valve is expected to grow at the fastest rate in India industrial valves market. India's power generation sector is rapidly growing to meet the increasing demand for electricity. Globe valves play a significant role in power plants, including in steam control systems and feed water regulation. The growth of this sector drives the demand for globe valves. India's industries are increasingly adopting automation and process control systems. Globe valves, with their ability to be integrated into automated systems, are well-suited for these applications, enhancing efficiency and reducing human intervention. Ongoing technological advancements have improved the design and functionality of globe valves, making them more efficient and reliable. Digital control systems and smart technologies have been integrated into globe valve applications, further enhancing their desirability. India is investing in water and wastewater treatment facilities to address environmental concerns and ensure a reliable water supply. Globe valves are commonly used in these facilities to control the flow of water and chemicals for treatment processes. The chemical processing industry in India relies on globe valves for precision control of fluids and chemicals in various processes. As this sector grows to meet domestic and international demand, the demand for globe valves is expected to rise.

Based on material used in industrial valves market is divided into steel, cast iron, alloy based and others. Steel material type is expected to lead the market of India during the anticipated time frame. Steel valves are versatile and can be used across a wide range of applications, including in the oil and gas industry, power generation, water treatment, chemical processing, and many more. Their adaptability to diverse industries makes them a popular choice. Steel is known for its durability and resistance to corrosion, making it suitable for applications where valves are exposed to harsh environments and aggressive fluids. In industries such as oil and gas, where the conditions can be demanding, the durability of steel valves is highly valued. India's growing energy and power generation sector demands high-performance valves. Steel valves are commonly used in power plants for controlling steam, water, and gas flow, ensuring efficient power generation. Based on application market is majorly segmented into water & wastewater, oil & gas, energy & power/ utilities, chemical, food & beverages, pharmaceuticals, agriculture and others (automotive, marine, metals & mining, construction, pulp & paper). Energy & power/ utilities are key application of Industrial valves in India. India has experienced rapid economic growth, leading to increased urbanization, industrialization, and infrastructure development. This growth has driven the demand for energy and power generation to support economic activities. India's energy sector includes a diverse mix of energy sources, including coal, natural gas, hydroelectric power, nuclear energy, and a growing focus on renewable energy like solar and wind power. Each energy source requires specialized industrial valves for control and regulation. Power generation facilities, including thermal power plants, hydroelectric plants, and nuclear power stations, rely on industrial valves to control the flow of steam, water, and gases. Valves play a crucial role in ensuring the efficient operation of these plants.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Industrial Valves market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Globe Valve
• Ball Valve
• Butterfly Valve
• Gate Valve
• Check Valve
• Pressure Relief Valve
• Plug Valve
• Needle Valve
• Pinch Valve
• Diaphragm Valve
• Others

By Materials:
• Steel
• Cast Iron
• Alloy based
• Others

By Application:
• Water & Wastewater
• Oil & Gas
• Energy & Power/ Utilities
• Chemical
• Food & Beverages
• Pharmaceuticals
• Agriculture
• Others (automotive, marine, metals & mining ,construction, pulp & paper)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Industrial Valves industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.