Market Overview:

The India Industrial Valve Market size was reasonably estimated to be approximately USD 2.1 Million in 2022 and is poised to generate revenue of over USD 3.66 Million by the end of 2030, projecting a CAGR of around 7.2% from 2023 to 2030.

The industrial valve sector in India has experienced notable growth recently, driven by expansions in key industries like oil and gas, power generation, and manufacturing. Valves are essential for regulating fluid and gas flow, enhancing operational efficiency across various sectors. Government emphasis on infrastructure development and initiatives such as "Make in India" have bolstered demand. Additionally, concerns about environmental sustainability and safety have spurred the adoption of advanced valve technologies. Despite challenges like pricing pressures and competition, the market is set for further expansion, supported by modernization efforts and infrastructure investments. To thrive, manufacturers are likely to focus on technology advancements, customization, and nurturing strong client relationships to meet evolving demands effectively.

 Top Key Players Covered in The India Industrial Valve Market:

• • L&T (India)
  • Kirloskar Brothers Limited (India)
  • Ampo Valves (Spain)
  • Emerson Electric Co. (United States)
  • CRI Pumps (India)
  • VIP Valves Private Limited India (India)
  • Amco Industrial Valves (India)
  • Amtech Valves (India)
  • Hawa Engineers Ltd (India)
  • Novel Valves (India)
  • Forbes Marshall (India)
  • IMI Plc (United Kingdom)
  • Metso Corporation (Finland)
  • The Weir Group Plc (United Kingdom)
  • AVK Holding (Denmark), and Other Major Players

 Market Dynamics and Factors:          

The "Make in India" initiative has notably propelled India's valve market forward. Designed to bolster domestic manufacturing and attract foreign investment, the initiative has streamlined trade processes and encouraged international firms to establish manufacturing bases within the country. This influx of foreign capital has augmented production capabilities and spurred the adoption of cutting-edge technologies in the valve industry. The burgeoning development of smart cities across India has further fueled demand for industrial valves. These cities prioritize sustainability, efficiency, and automation, necessitating high-quality valves for functions like water regulation and sewage treatment. Consequently, both local and global valve manufacturers are seizing the opportunity, expanding production capacities, and innovating to tailor solutions to the requirements of smart city projects. In the Indian industrial valve market, tapping into "Exploration of New Growth Markets" involves strategically targeting untapped regions and industries for expansion. As different regions and sectors undergo rapid development and modernization, there emerges a potential demand for industrial valves. By venturing into these unexplored territories, valve manufacturers can diversify their customer base and extend their market reach beyond conventional boundaries. Furthermore, venturing into emerging industries such as renewable energy, pharmaceuticals, and food processing presents lucrative opportunities. Adapting valve solutions to meet the unique demands of these sectors can prove advantageous for manufacturers seeking sustained growth.

 The India Industrial Valve Market Report Highlight:

• • By Type, Ball valves, renowned for their reliability and versatility, are witnessing robust demand due to their suitability for various applications across industries such as oil and gas, water management, and chemicals. Similarly, segment valves, valued for their precise control and durability, are gaining traction, particularly in sectors requiring stringent flow regulation, such as power generation and pharmaceuticals. These two types dominate the market landscape, catering to diverse industrial needs and driving growth in the Indian valve industry.
  • By Country, the industrial valve market in Maharashtra, a leading economic region in India, significantly influences the country's valve industry. With key sectors like oil and gas, petrochemicals, power generation, pharmaceuticals, and manufacturing thriving in Maharashtra, the demand for industrial valves remains consistently high. Mumbai, the state capital, serves as a major industrial center, attracting both local and international valve manufacturers. Government initiatives aimed at fostering business growth further fuel the demand for industrial valves in Maharashtra. As the state continues to modernize and expand its industrial landscape, opportunities abound for valve manufacturers to cater to diverse sectoral needs and bolster their market presence.

Key Industry Development:

In July 2023, Emerson introduced the ASCO™ Series 588 Stationary Oxygen Concentrator, the healthcare industry's first turnkey solution that optimizes ventilator design and accelerates product development. The collector ensures quick availability and reliable operation of the essential oxygen concentrator for patients. It simplifies equipment design and assembly, and improves energy efficiency and equipment reliability.

In January 2023, Kirloskar Brothers Limited (KBL) introduced the "KW-LC" Pumps, a new addition to their HVAC product line. These pumps feature a vertical, long-coupled design that streamlines piping and offers space-saving advantages.

The India Industrial Valve Market Segmentation:

By Type

• • Ball
  • Globe
  • Gate
  • Butterfly
  • Plug
  • Check

By Material

• • Steel
  • Brass
  • Bronze
  • Cast Iron
  • Plastic

By Size

• • < 1”
  • 1”–6”
  • 6”–25”
  • 25”–50”
  • > 50”

By Application

• • Oil & Gas
  • Power
  • Energy
  • Chemical
  • Water & Waste Treatment

By Function

• • On/Off
  • Control
  • Isolation
  • Special Purpose

For this report, Pristine Intelligence Research has segmented the India Industrial Valve Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Russia
  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • Singapore
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA