LONDON, Aug. 4, 2015 /PRNewswire/ -- In India, industrial valves market has been
catalyzed by rising demand for power across diverse end use sectors
such as oil and gas, power, petrochemicals, etc. Oil & gas
pipeline infrastructure is undergoing considerable expansion in
India and since valves are
regularly deployed in pipelines, which in turn has been driving
their sales in this sector in India. Widening demand supply gap in Indian
power industry has been driving the need for power capacity
additions, which in turn is providing a boost to valves market in
the country. With policy liberalization, power sector has been
allocated with huge inflow of investments over the past few years.
In the 12th Five Year Plan (2012-17), government of India allocated 76,000 MW capacity addition in
the country's power infrastructure. The sector also attracted ample
foreign direct investments during 2000-14, which added to the
growth of industrial valves market. On account of rising growth,
other industries including chemical, petrochemical and fertilizer
have also been driving the demand for valves in the country.
According to "India Industrial Valves Market Forecast &
Opportunities, 2020", industrial valves market is expected to
register substantial growth at a CAGR of 13% during 2015-2020.
Growing demand for industrial valves in power and oil & gas
processing sector have been driving the sales of industrial valves
in the country. Indian government is also investing significantly
in the country's oil and gas pipeline infrastructure development,
which is expected to drive the installation of valves over the
forecast period. The market is also moving towards significant
consolidation on account of rising merger and acquisition
activities in the country. In addition to robust growth
opportunities, industrial valves market is also facing various
challenges such as volatility in raw material prices and dependence
on imports for large-size choke valves. Some of the major players
engaged in offering industrial valves in the Indian market are
L&T Valves Limited, NSSL Limited, Microfinish Valves Pvt. Ltd.,
CRI Valves and Kirloskar Brothers Limited. "India Industrial Valves
Market Forecast & Opportunities, 2020" discusses the following
aspects related to industrial valves market in India.
- India Industrial Valves Market Size, Share & Forecast
- Segmental Analysis – By Type, Functionality, Region and
Company
- Policy & Regulatory Landscape
- Import & Export Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of industrial valves market in
India
- To identify on-going trends and anticipated growth in the next
five years
- To help industry consultants, valve manufacturers and other
stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to
presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra
charges and get the research data or trends added in the report as
per the buyer's specific needs
Report Methodology
The information contained in this report is based upon both primary
and secondary sources. Primary research included interviews with
industrial valve manufacturers and industry personnel. Secondary
research included an exhaustive search of relevant publications
like company annual reports, financial reports and proprietary
databases.
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