India Gas Valve Market Size
India Gas Valve Market was valued at USD 315 million in 2023 and is estimated to grow at a CAGR of 4.6% during 2024 to 2032. Gas valves are mechanical devices used to control the flow of gases in various applications, including residential, commercial, and industrial settings. These valves play a critical role in regulating the distribution of gases such as natural gas, propane, methane, and others, ensuring safe and efficient operation of gas systems.
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The gas valve market in India is expanding due to the increased industrialization and infrastructure development. There is a growing demand for gas valves in various industries such as power generation, manufacturing, oil & gas and constructions. Ongoing development projects in construction, transportation requires gas valves for the distribution of gas networks in commercial and residential buildings.
Furthermore, India is exploring oil and gas sector, with a strategic focus on bolstering domestic production to lessen its reliance on imported fuels. This will drive the demand for valves for safety and regulation purposes. Safety is critical for the oil and gas sector; gas valves play an important role in preventing leaks, controlling the flow of gases, and minimizing the risks associated within the sector.
India Gas Valve Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| India Gas Valve Market Size in 2023 |
USD 315 Million |
| Forecast Period |
2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR |
4.6% |
| 2032 Value Projection |
USD 469.72 Million |
| Historical Data for |
2021 - 2023 |
| No. of Pages |
487 |
| Tables, Charts & Figures |
428 |
| Segments covered |
Valve type, function, gas type, application, industry sector, distribution channel |
| Growth Drivers |
- Increasing industrialization and infrastructure development
- Exploration in oil and gas sector
|
| Pitfalls & Challenges |
- Regulatory compliance
- Price sensitivity
- Adoption of renewable energy sources
|
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The Indian gas valve market encounters challenges in adhering to regulatory safety standards and environmental mandates. All these safety regulations and frameworks keep evolving and changing with time. Manufacturers must be aware of any updates in regulations and ensure that the valve meets all the technical requirements and certifications.
Additionally, the gas valve market is highly competitive where manufacturers face challenges in offering competitive pricing, leading to price wars and low profit margins. The adoption of renewable energy sources like solar and wind is also a threat to the growing demand for valves.
India Gas Valve Market Trends
In India gas valve industry, the prevailing trend centers around automated gas valve systems. Increased digitization in industries has generated the] need for automated solutions. Automated gas valves are known for their advanced features such as automatic mechanisms; they also have automated safety features which help in reducing the risk of damage due to leakage. The demand for Automated valves demand is expected to rise due to their efficient operation and safety regulations.
India Gas Valve Market Analysis
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In 2023, cryogenic valves—valves designed to work with super-cold gases—brought in over $130 million. And this number is only expected to get bigger, reaching over $197 million by 2032. These special valves play a crucial role in the LNG industry, where they help keep these gases cold during storage and transportation. They're built tough with materials that can handle the extreme cold. Cryogenic valves aren't just for the LNG industry though. They're also used in the medical sector to handle gases like oxygen, nitrogen, and argon. They help keep these gases in check, making sure they're safe to use in hospitals and other healthcare settings. They also play a part in industrial gas applications, maintaining efficiency by keeping gas flow under control.
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In 2023, pneumatic and electric control valves ruled the roost in the gas valve market, raking in a cool $209 million. By 2032, experts predict that they'll dominate even more, reaching a staggering $314.7 million. Why the love affair? It's all about their reliability. These valves respond like a flash in emergencies like leaks or system glitches, making them heroes in the fight against gas-related disasters. Pneumatic and electric control systems aren't just quick on their feet; they're also low-maintenance compared to their manual counterparts. And let's not forget their rugged durability, which makes them a hit in all sorts of industries. All these perks are fueling the growth of the gas valve market like there's no tomorrow.
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India gas valve market size surpassed USD 315 million in 2023 and is projected to hit USD 469.7 million by 2032. India is a growing country due to the rapid industrialization and infrastructure development projects in sectors such as oil and gas, power and manufacturing where gas valves act as a critical component for ensuring operational efficiency while meeting the strict safety guidelines.
Region level analysis
The western part of India, known as the West Zone, is a major player in the gas valve market. In 2023, this region generated approximately USD 206.98 million in revenue and is expected to continue growing steadily over the next decade. This dominance stems from the presence of many petrochemical plants and heavy industries in states like Maharashtra and Gujarat. These industries, along with Gujarat's status as a significant producer of crude oil and natural gas, have created a strong demand for gas valves. In addition, the West Zone boasts a substantial number of refineries and high production capacity, further contributing to the growth of the gas valve market. This thriving industrial landscape in states like Maharashtra, Gujarat, and Rajasthan ensures the continued demand for gas valves.
East zone is generating a substantial revenue of USD 14.54 million and is expected to reach USD 18.79 billion by 2032. In the east zone of India assam state plays a significant role in country’s oil and natural gas sector. Assam has natural gas reserves located in Brahmaputra valley. Additionally ongoing projects including pipeline facilities there is a demand for high quality gas valves. Projects like NEGG (Northeast gas grid project) is further expected to boost the demand for gas valves in the east zone.
India Gas Valve Market Share
India gas valve industry is fragmented in nature due to presence of local and global players across the globe. Key market players include L&T valves limited, Emersion electric, Amtech, Hawa engineers LTD, and Imi critical engineering., which collectively held around 5.1% market share in 2023. These prominent players are actively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
India Gas Valve Market Companies
Major players operating in the India gas valve industry are
- Amtech
- Audco India Limited
- Beekay Industries
- Emerson Electric
- Flosteer Engineers Pvt. Ltd.
- Fluidline Valves Company Pvt. Ltd.
- Hawa engineers LTD
- Imi critical engineering
- L&T valves limited
- Rotex Automation Limited
- Samson Controls Pvt. Ltd.
- Sri Venkat Engineers
- Uniklinger Ltd.
- Unitech Combustion
- Virgo Valves & Controls Pvt. Ltd.
India Gas Valve Market Industry News
- In September 2023, Samson Controls announced the launch of its new factory for manufacturing valves and systems in Ranjangaon, Maharashtra.
- In February 2023, Emerson launched its first combustion safety shutoff valves, certified for biodiesel use in commercial boilers in Asian countries.
- In April 2018, Metso acquired the valve automation division of India based Rotex.
This India gas valve market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments
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Market, By Valve Type
- Liquefied petroleum Gas Valve
- Ball Valve
- Check Valve
- Gate Valve
- Globe Valve
- Others
- Cryogenic Valve
- Ball Valve
- Check Valve
- Gate Valve
- Globe Valve
- Butterfly Valves
- Others
- Air Separation Valve
- Ball Valve
- Check Valve
- Gate Valve
- Globe Valve
- Butterfly Valves
- Others
Market, By Function
- Manual
- Pneumatic/electric Control
Market, By Gas type
- Liquefied Natural Gas
- Liquid Nitrogen
- Hydrogen
- Oxygen
- Other Gases
Market, By Application
- Supplying Line
- Filling Device
- Bulk Storage Tank
- Gas Transportation
- Storage Tank & Piping
- Others
Market, By Industry sector
- Water & Wastewater
- Food & Beverage
- Chemicals
- Pharma
- Pulp & Paper
- Oil & Gas
- Power
- Semiconductor
- Others
Market, By Distribution channel
- Direct Sales
- Indirect Sales
The above information is provided for the following regions and countries
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
