Indian Valve Market - Forecast(2019 - 2024)

Report Code: AIR 0314 Report Format: PDF + Excel (Delivery in 48 Hrs)

Indian Valve Market Overview:

‘IoT’ integrated valves – A mega trend in Indian valve market

The widespread trend of ‘IoT’ has augmented the level of ‘energy-efficiency’ by valves implemented in an extensive array of industries including oil and gas, water and wastewater management, thermal power and mining. Alone in the United States, approximately 20% of the primary energy utilized during operations in petroleum refining manufacturing is lost throughout utility production. Consequently, there is a surge in demand for solenoid valves that automates the process towards energy efficiency. As valves and fittings are an integral constituent of above illustrated industries dealing with fluid management systems, IoT technology integrated with sensors is a playing a vital role as a mega trend. Similarly, the Indian valve market players with several lucrative application industries in its revenue pocket majorly oil and gas, and water and wastewater are manufacturing products in alignment with the trend. For instance, Kirloskar Brothers Limited has launched “KirloSmart,” that is a software technology that enables real-time and remote monitoring of solenoid vales and pumps and its critical health parameters to avoid any failures and restrict downtime economic adverse effects.

The energy sector in India is the primary industry adding impetus to the Indian valve market demand. India being the 3rd largest energy consumer globally has a flourishing oil and gas sector that is downright reliant on valves for liquid and gas flow management systems. Consequently, the Indian valve market size was estimated to be $1.82 billion in 2018. The market is well supported by other industries such as automotive, waste water treatment services and pulp and paper industry that employs safety valves and control valves for a myriad of applications including measuring pH, regulating pressure and temperature, boiler control and flow measurements. Hence, the Indian valve market demand is estimated to be progressing at a CAGR of 4.82% during the forecast period of 2019 – 2025.

Indian Valve Market Growth Drivers:

Indian government to provide piped water connection to every household by 2024 -

In 2015, India had the capacity to treat only 37% of its waste water that was 22,963 million litres per day (MLD), whereas the daily sewage generation was approximately 61,754 MLD. Furthermore, the operations at present related to water and waste water is yet to meet the requisite potential. Hence, 21% of contagious ailments in India are associated with unsafe water and the absence of hygiene practices. As a consequence, the Indian government has implemented a policy (Jal Shakti ministry) to provide piped water connection to every household by 2024. Valves such needle valves and ball valves are fundamental apparatuses employed to control the flow pf water. Hence, the Indian valve market demand is gaining substantial impetus from this governmental plan. And, water and wastewater application industry has emerged as the fastest growing segment progressing with an application CAGR of 7.27% during the forecast period of 2019 – 2025.

Indian automotive sector witnessed a growth rate of 8% during 2017 – 2018:

Valves are the pivotal constituent of engines in automotive. Intake and exhaust valves are the final component in the valve train system. As the Indian automotive sector is expanding in terms of production as well as evolving with focus on the trade of electric vehicles, Indian valve market demand is witnessing tremendous growth. During 2017 – 2018, the Indian automotive sector manufactured approximately 5.1 million vehicles, a growth of 8% from the preceding year.  Similarly, Indian government under the scheme titled ‘Faster Adoption and Manufacturing of Electric Vehicles in India’ has allotted a total $ 1.5 billion to drive the mobility towards electric.

An analysis of Indian oil and gas sector-

Oil and gas sector is the most pivotal industry in the Indian vale market. Valves and fittings are basic necessity in this sector to control the flow of liquid and gases in pipelines of plants and refineries. In 2017, India was the 3rd largest consumer of oil with consumption of 4.69 mbpd and the 4th largest Liquefied Natural Gas (LNG) importer in the same year. Therefore, the flourishing Indian oil and gas sector is directly influencing the Indian valve market demand. Moreover, the Government of India is under preparation to inaugurate around 5,000 compressed bio gas (CBG) plants by 2023.

Indian Valve Market Companies:

Some of the key player with majority of Indian valve market share are Larsen & Toubro Limited, Virgo Valves & Controls Ltd, Weir Group, Koso India Pvt Ltd, NSSL Private Limited, Samson Controls Private Limited, Kirloskar Brothers Limited, KSB Aktiengesellschaft, Emerson Electric Co., IMI plc, The Flowserve Corporation, and Cameron International Corporation.

Indian valve market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Indian valve market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various types of trends in global Indian valve market, and their specific advantages to the market.

1. Indian Valve Market – Overview
2. Executive Summary 
3. Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.3. Product Benchmarking
3.4. End User Profiling
3.5. Top 5 Financials Analysis
4. Indian Valve Market – Forces
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Degree of Competition
5. Indian Valve Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life cycle Analysis
6. Indian Hydraulic Control Valves Market, By Types
6.1. Introduction
6.2. Solenoid Operated
6.3. Hydraulic Piloted
6.4. Others
7. Indian Hydraulic Control Valves Market, By Function Type
7.1. Introduction
7.2. Directional Control Valves
7.2.1. Directional Poppet Valves
7.2.2. Directional Spool Valves
7.2.3. Check and non-return valves
7.3. Pressure Control Valves
7.3.1. Pressure Valves, Relief Function
7.3.2. Pressure Valves, Reducing Function
7.3.3. Pressure Valves, Fixed throttle
7.4. Proportional Control Valves
7.4.1. Proportional Directional Control Valves
7.4.2. Proportional Flow Control Valves
7.4.3. Proportional Pressure Control Valves
7.5. Flow Control Valves
7.5.1. Flow controls, pressure compensated valves
7.5.2. Flow controls, throttle valve
8. Indian Knife Gate Valves Market, By Type
8.1. Introduction
8.2. Unidirectional Knife Gate Valves
8.3. Bi-directional Knife Gate Valves
9. Indian Eccentric Valves Market, By Type
9.1. Introduction
9.2. Plug
9.3. Ball
10. Indian Valves Market, By Application
10.1. Introduction
10.2. Water Application
10.2.1. Water Supply and Water Supply Grids
10.2.2. Irrigation
10.2.3. Water Pumping Station
10.2.4. Sewage & Effluent Application
10.2.5. Water Distribution Lines
10.3. Thermal Power Application
10.3.1. Slurry Handling
10.3.2. Flue Gas Handling
10.4. Mining Application
11. Indian Valves Market, By Region
11.1. Introduction
11.2. East India
11.3. West India
11.4. North India 
11.5. South India
12. Indian Valves Market, Company profiles
12.1. Domestic Players
12.1.1. HAWE Hydraulics Pvt. Ltd
12.1.2. Apple Hydraulics
12.1.3. Dhanasree Hydraulics & Equipments
12.1.4. Tucson Hydrocontrols Private Limited
12.1.5. Polyhydron Pvt. Ltd
12.1.6. Company 6
12.1.7. Company 7
12.1.8. Company 8
12.2. International Players
12.2.1. Parker Hannifin Corporation
12.2.2. Bosch Rexroth AG
12.2.3. Moog Inc.
12.2.4. Honeywell International 
12.2.5. Damen Technical Agencies B.V
12.2.6. Company 6
12.2.7. Company 7
12.2.8. Company 8
13. Indian Valves Market, Market Entropy
13.1. Expansion
13.2. Technological Developments
13.3. Merger & Acquisitions, and Joint Ventures
13.4. Supply- Contract
13.5. Key Customer Analysis
"*Financials would be provided on a best efforts basis for private companies"
14. Appendix
14.1. Abbreviations
14.2. Sources
14.3. Research Methodology
14.4. Bibliography
14.5. Compilation of Expert Insights
14.6. Disclaimer