India Gas Valve Market Analysis

India Gas Valve Market Analysis

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In 2023, cryogenic valves segment was crossed USD 130.4 million and is likely to exceed USD 197.8 million by 2032. Cryogenic valves are the major segment due to their critical application in the LNG industry. Cryogenic valves are known for LNG storage and transportation due to their ability to handle the low temperature of gases. Cryogenic valves are designed with special materials to handle extreme temperatures. Furthermore, cryogenic valves are widely used in the medical sector for handling gases such as oxygen, nitrogen and argon. They ensure safety in healthcare and industrial gas applications by giving precise control of the gases and maintaining operational efficiency.
 

Based on function, the pneumatic / electric control valve was worth USD 209.03 million in 2023 and is expected to reach USD 314.7 million by 2032. This dominance can be attributed to the reliability and performance of pneumatic / electric control. Pneumatic and electric control systems provide quick response times in emergency situations in case of leaks and system failure. This further helps in minimizing the risks associated with gas handling. Pneumatic control requires less maintenance as compared to manual control. They are also durable, further increasing their adoption in various industries and contributing to the overall growth of the gas valve market.
 

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 west zone was valued at USD 206.98 million in 2023 and is estimated to grow at a CAGR of 4.9% during 2024 to 2032. The zone emerged as a dominant due to the presence of high petrochemical plants and heavy industries in states like Maharashtra and Gujrat. Gujrat is also one of the largest producers of crude oil and natural gas in India. The zone strong refineries presence and high production capacity is growing the demand for gas valves in the zone further contributing to the overall growth of the India valve market.
 

The West Zone with states like Maharashtra, Gujarat, and Rajasthan, is the leading region in the gas valve market. Maharashtra and Gujarat are industrial giants with diverse manufacturing bases, including chemicals, petrochemicals, pharmaceuticals, automotive, and engineering. Gujarat is known for its strong chemical and petrochemical industries, driving high 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.