Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
The Indian valves market will be highly dependent on the country’s manufacturing sector for attaining growth. India’s industrial and services sector development is taking place at a prolific rate, simultaneously generating a high demand for factory equipment. Valves including solenoid valve, safety valve, control valve, needle valve, and ball valve, form an important component of the manufacturing and factory processing system. They control the input and output of fluids, thus assisting many important functions in the Indian manufacturing units. India’s manufacturing sector has been estimated to witness noticeable growth. The Indian government’s ‘Make in India’ programme will be pivotal in ensuring a high industrial output. Under this programme, the government of India has estimated that the manufacturing sector will contribute 25% to the gross domestic product by the end of 2022 as compared to the current 16%. Furthermore, India is also attracting enormous Foreign Direct Investment which reached $76.82 billion in June 2018. These statistics are reflective of the immense potential that the Indian industries hold in the contemporary global economic scenario. The Indian valves market will bank on these factors and the thriving industries in India such as oil and gas, water treatment, thermal power, and others to grow and prosper. This Indian Valve Market earned a revenue of $1.8 billion in 2018. Additionally, the Indian valves market will grow with a CAGR of 4.82% during the forecast period 2019-2025.
Water and Wastewater as the Most Promising Segment of the Indian Valves Market
Water and wastewater industry has been estimated to be the most promising segment of the Indian valves market. India is suffering from a terminal water crisis which is expected to get worse with the population expected to reach 1.6 billion by the end of 2050. This has put enormous pressure on the Indian government and private players to increase wastewater treatment facilities. Approximately 62,000 million liters of sewage is generated every day in urban parts of India. Only 30% out of this total wastewater generation gets treated while the other 70% lacks proper treatment facilities. This points out towards the investment potential that the wastewater treatment companies have. This would act as a lucrative factor for the Indian valves market to grow. Valves play an indispensable role in the wastewater facilities. The three kind of valves used inside treatment units are air, check, and shutoff. All the three valves collectively control reverse flow, expel excess air, and provide isolation to the pumps for maintenance and cleaning: processes that are imperative for treating sewage. Without these valves, seamless flowing of the treatment process would be extremely difficult to implement. This will act as a driving factor for the Indian valves market in the forecast period. The segment of waste and wastewater will grow with a CAGR of 7% during the forecast period 2019-2025.
Indian Industries Will be Pivotal in Ensuring Growth of the Indian Valves Market
India has gradually transformed from being an agricultural country to featuring a robust industrial sector. The growth of several industries in the country is burgeoning and contributing to the rise in production of various industry parts such as valves. India imported taps, cocks, valves, and similar appliances worth $1.4 billion in 2018. The Indian valves market will, therefore gain considerable growth with the rise in several industries such as:-
Agricultural Industry – 58% of the India’s population still depends entirely on the agricultural industry as a primary source of their livelihood. In 2017, the food and grocery retail market size was estimated to be at $380 billion. The Indian agricultural sector has been indispensable in contributing to the global food trade and will continue to experience immense growth. Irrigation forms an extremely important part of agriculture especially in a country like India where crops such as rice require excessive irrigational facilities. Valves are employed in a large number for controlling the flow of water in irrigational facilities. In the current scenario, automatic irrigation systems are making an increasing usage of valves, thus contributing to the Indian valves market growth.
Oil and Gas Industry – India is one of the world’s top three importers of petroleum and crude oil with the country exporting these products worth $114 billion in 2018. India’s economic growth is largely dependent on the oil industry as its products contribute to the rising energy demand. Indian government’s role has also contributed to this import. The government has adopted many policies such as 100% Foreign Direct Investment in industrial segments such as refineries, natural gas, and similar sectors. The oil and gas industry makes use of a number of valves including ARC, ball, bellow sealed, breather, butterfly, gate, globe, ORBIT, plug, pressure seal, and others. Though these valves have an individual typical role of their own, they collectively accomplish the common purpose of keeping the flow of vapors and fluids intact.
Talk to one of our sales representative about the full report by providing your details in the link below:
Indian Valves Market: Competitive Landscape
Key companies that are operating in this market and are ahead of the curve include L&T, Virgo, Weir, Koso, NSSL, Samson, Kirloskar Brothers, KSB MIL, Emerson, IMI, Flowserve, and Cameron-Schlumberger.
Control Valves Market
Fire-Fighting Valve Market
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
Wax Melts Market is Forecast to Grow at CAGR of 12.5% During 2020-2025
Isobutene Market is Expected to Grow at CAGR of 4.6% during the Forecast Period of 2019-2025
Stationary Gas Analyzer Market Demand Ramping up with Effective Mechanisms to Mitigate Hazardous and Combustible Incidents
Increasing Significance of Food Safety and Rising Foodborne Diseases are Amplifying the Grain Analysis Market Demand
Latin America Starch Derivatives Market Booming With Augmented Demand from Pharmaceutical While Players to Capitalize on Flourishing Biofuel Industry