India ball valves market is expected to grow at a steady rate during the forecast period. The India ball valves market is driven by the growing demand from various end user industries including oil & gas, chemical & petrochemical, water & wastewater, construction, among others. Additionally, the smart city initiative in the country is further expected to fuel the market growth through 2026. Furthermore, increased adoption of technologies such as IIoT and 3D printing technology in manufacturing of ball valves coupled with new product launches by the major players operating in the market is expected to create lucrative opportunities for market growth over the next few years. However, regular maintenance downtime in various processes across end user industries thereby slowing down the market growth during the forecast period. Besides, lack of standardization of certifications and policies can further impede the market growth.
The India ball valves market is segmented based on type, material, size, end user industry, company and region. Based on material, the market can be categorized into stainless steel, cast iron, alloy based, cryogenic and others. The stainless-steel segment is expected to dominate the market owing to the increasing demand for ball valves to avoid risks of contamination in various end user industries such as chemical, food & beverage, water & steam handling, among others. Based on end user industry, the market can be fragmented into oil & gas, water & wastewater, building & construction, marine, mining, energy & power, agriculture, chemical, pharmaceutical and others. The water & wastewater segment is expected to dominate the market owing to the increasing water pollution and scarcity of freshwater resources. This has increased the need to desalinize the salinized water and treat the wastewater to meet the needs of the population.
The major players operating in the ball valves market are Flowserve India Controls Private Limited, Kitz Corporation, Swagelok Company, Curtiss-Wright Corporation, Alfa Laval India Pvt. Ltd., CIRCOR Flow Technologies India Pvt. Ltd, AVK Valves India Pvt. Ltd., Shenco Valves Pvt. Ltd., KHD Valves Automation Pvt. Ltd., GM Engineering Pvt. Ltd., and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
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Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and estimate the market size of India ball valves market from 2016 to 2019.
- To estimate and forecast the market size of India ball valves market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast India ball valves market based on type, material, size, end user industry, company and regional distribution.
- To identify dominant region or segment in the India ball valves market.
- To identify drivers and challenges for India ball valves market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India ball valves market.
- To identify and analyze the profile of leading players operating in India ball valves market.
- To identify key sustainable strategies adopted by market players in India ball valves market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of India ball valves market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
- Ball valves manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to ball valves
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India ball valves market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Ball Valves Market, By Type:
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
- India Ball Valves Market, By Material:
- Stainless Steel
- Cast Iron
- Alloy Based
- Cryogenic
- Others
- India Ball Valves Market, By Size:
- Up To 1”
- 1” to 6”
- 6” to 25”
- 25” to 50”
- Above 50”
- India Ball Valves Market, By End User Industry:
- Oil & Gas
- Water & Wastewater
- Building & Construction
- Marine
- Mining
- Energy & Power
- Agriculture
- Chemical
- Pharmaceutical
- Others
- India Ball Valves Market, By Region:
- North
- South
- East
- West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India ball valves market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Contact
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