Industrial valves are mechanical/electromechanical devices used for controlling, regulating and diverting flow and pressure in fluids (liquids, gases and slurries) by closing, opening or blocking the passage of fluid. Industrial valves are widely being used in diverse sectors including oil & gas; petrochemicals, chemicals & fertilizers; power; etc.

Increasing FDI in industries such as Oil & Gas, chemical, and petrochemical, growth in the pipeline network, and increasing number of small & medium manufacturers are some of the key factors driving the demand for industrial valves in India. In India, industrial valves market grew significantly over the last three years owing to increasing industrial application and government focus towards expanding pipeline infrastructure for natural gas distribution.

The industrial valves market in India is anticipated to grow at a CAGR of over 9% during 2017-2022. Expanding demand-supply gap in Indian power industry has been driving the need for power capacity additions, which is providing a boost to industrial valves market in the country.

Over the years, the Indian Government has been continuously focusing on the expansion of pipeline network for the distribution of natural gas across the country. As of September 2016, the total length of gas pipeline network in India stood at 16,121.21 kilometers. Moreover, the demand for natural gas in India is projected to increase from 446 MMSCMD in 2016 to 523 MMSCMD by 2019. Hence, with increasing demand for natural gas coupled with a continuous expansion of natural gas distribution network, the country’s industrial valves market is expected to grow at a robust pace over the next five years. From operational, safety and reliability point of view, the industrial valve is one of the crucial components used in oil & gas industry. Oil & gas is expected to remain the largest source of fuel in India in the next five years as well, consequently aiding India industrial valves market.

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Technology:

o On-Off Valve

o Control Valve

• By Valves Type:

o Ball Valve

o Butterfly Valve

o Gate Valve

o Safety Valve

o Globe Valve

• By Application:

o Oil & Gas Refining (Upstream, Midstream, and Downstream)

o Petrochemical, Chemical, and Fertilizers

o Power

o Other Industries

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