| Product Code: ETC368664 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India pressure control equipment market import shipments exhibited robust growth with a notable CAGR from 2020 to 2024. The growth rate between 2023 and 2024 accelerated, indicating increasing momentum. The market significantly expanded over the period, showcasing a strong upward trend.
The pressure control equipment market in India was valued at $998 million in 2025 and is projected to witness a CAGR of 7.9% over the forecast period, on account of the growing industrial sector coupled with rising investments towards infrastructure development activities across various end-use sectors such as water & wastewater treatment plants and chemical industry among others which have created substantial opportunities for this segment throughout India regionally. Additionally, ongoing technological advancements around connected pressure control products have been contributing significantly towards its overall growth potential over the years.
The pressure control equipment market in India is experiencing significant growth, driven by several key factors. The demand for pressure control equipment, including pressure regulators, valves, and controllers, has increased across various industries, including oil and gas, manufacturing, and healthcare. The need to maintain precise and stable pressure in critical processes has propelled the adoption of pressure control solutions. Moreover, advancements in pressure control technology, such as digital pressure controllers and smart pressure regulators, have improved the efficiency and safety of pressure management systems, further contributing to market expansion.
The pressure control equipment market in India serves a wide range of industries, including oil and gas, chemical, and manufacturing. Despite steady growth, the market faces several challenges. One of the primary challenges is the volatility in global oil and gas prices, which can impact investments and projects in the energy sector, affecting the demand for pressure control equipment. Moreover, the COVID-19 pandemic and its economic repercussions have led to uncertainties and delays in projects across various industries. The competitive landscape, with the presence of both local and international players, adds challenges for companies to maintain market share and pricing strategies. Additionally, the need for regular maintenance and servicing of pressure control equipment, particularly in critical applications, can be a challenge for industries with limited resources.
The pressure control equipment market in India faced challenges during the pandemic due to reduced industrial activities and fluctuations in oil and gas prices. This impacted the demand for pressure control solutions in manufacturing, oil and gas, and other sectors. However, the market showed signs of recovery as industries adapted to new safety measures and resumed operations gradually.
The pressure control equipment market in India has experienced steady growth, driven by applications in industries like oil and gas, chemical processing, and manufacturing. Key players in this market include Emerson Electric India, Schlumberger India, Baker Hughes India, and Flowserve India. These companies offer a diverse range of pressure control equipment, including control valves, pressure regulators, and safety relief valves, catering to different industrial processes. They focus on providing high-performance solutions that ensure operational efficiency and safety. Key players also engage in strategic partnerships with engineering and EPC companies to supply pressure control equipment for large-scale projects, thus expanding their market presence in India.