Product Code: ETC306924 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India steel and alloy casting valves market import shipments exhibited a steady growth trend with a CAGR of 9.6% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024 with a decrease of 11.5%. Overall, the market expansion slowed towards the end of the period.
The India steel and alloy casting valves market was estimated at INR 593.5 billion in 2025, registering a CAGR of 5.4% from 2025 to 2025. The market is expected to reach an estimated value of INR 810.1 billion by 2031, exhibiting a moderate growth rate of 4.2% during the forecast period 2025-2031. The major factors driving the growth include industrialization & urbanization, increasing demand for power plants and water treatment projects, rising focus on infrastructure development along with government initiatives such as Make in India programs that are encouraging foreign investments from multinational companies into local steel industry etc..
The India steel and alloy casting valves market is anticipated to show steady growth in the foreseeable future. Valves play a crucial role in various industries, including oil and gas, water treatment, and power generation. The rising industrialization, urbanization, and infrastructure development in India are driving the demand for valves. Additionally, the emphasis on energy conservation and environmental regulations is expected to boost the adoption of efficient and sustainable steel and alloy casting valves.
In the India steel and alloy casting valves market, competition from international manufacturers and fluctuations in raw material prices pose challenges for domestic producers. Ensuring consistent product quality and meeting international standards are crucial to compete in the global market.
The India steel and alloy casting valves market had been witnessing growth due to the expansion of industries such as oil and gas, chemicals, and water treatment. Steel and alloy casting valves are essential components for controlling the flow of fluids in various industrial processes. However, the market faced headwinds during the COVID-19 pandemic. The disruptions in industrial activities and reduced investments in infrastructure projects impacted the demand for valves. As industrial activities resume and infrastructure investments pick up, the market is expected to recover steadily.
The India steel and alloy casting valves market is experiencing growth due to the expanding industrial infrastructure and oil & gas sectors. Steel and alloy casting valves are essential components in various industries for controlling the flow of fluids and gases. Key players in this market include L&T Valves Limited, Audco India Limited, NSSL Limited, and Kirloskar Brothers Limited, among others. These key players have a strong market presence and offer a wide range of high-quality valves to cater to different industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Steel and Alloy Casting Valves Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Steel and Alloy Casting Valves Market Revenues & Volume, 2021 & 2031F |
3.3 India Steel and Alloy Casting Valves Market - Industry Life Cycle |
3.4 India Steel and Alloy Casting Valves Market - Porter's Five Forces |
3.5 India Steel and Alloy Casting Valves Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 India Steel and Alloy Casting Valves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 India Steel and Alloy Casting Valves Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 India Steel and Alloy Casting Valves Market Revenues & Volume Share, By Size , 2021 & 2031F |
3.9 India Steel and Alloy Casting Valves Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 India Steel and Alloy Casting Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in India driving demand for steel and alloy casting valves. |
4.2.2 Growing focus on water and wastewater treatment projects boosting the market for valves in India. |
4.2.3 Rising investments in the oil and gas sector leading to increased demand for valves in the country. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the manufacturing cost and pricing of steel and alloy casting valves. |
4.3.2 Intense competition from global manufacturers affecting the market share of domestic players. |
4.3.3 Stringent government regulations regarding environmental standards and safety norms posing challenges for valve manufacturers. |
5 India Steel and Alloy Casting Valves Market Trends |
6 India Steel and Alloy Casting Valves Market, By Types |
6.1 India Steel and Alloy Casting Valves Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 India Steel and Alloy Casting Valves Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 India Steel and Alloy Casting Valves Market Revenues & Volume, By Manual Operation, 2021-2031F |
6.1.4 India Steel and Alloy Casting Valves Market Revenues & Volume, By Pneumatic ON-OFF Operation, 2021-2031F |
6.1.5 India Steel and Alloy Casting Valves Market Revenues & Volume, By Electric ON-OFF Operation, 2021-2031F |
6.1.6 India Steel and Alloy Casting Valves Market Revenues & Volume, By Pneumatic Control Operation, 2021-2031F |
6.1.7 India Steel and Alloy Casting Valves Market Revenues & Volume, By Electric Control Operation, 2021-2031F |
6.2 India Steel and Alloy Casting Valves Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 India Steel and Alloy Casting Valves Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.2.3 India Steel and Alloy Casting Valves Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.2.4 India Steel and Alloy Casting Valves Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2.5 India Steel and Alloy Casting Valves Market Revenues & Volume, By Austenitic Steel, 2021-2031F |
6.2.6 India Steel and Alloy Casting Valves Market Revenues & Volume, By Nickel Alloy Steel, 2021-2031F |
6.2.7 India Steel and Alloy Casting Valves Market Revenues & Volume, By Ductile Steel, 2021-2031F |
6.3 India Steel and Alloy Casting Valves Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Steel and Alloy Casting Valves Market Revenues & Volume, By Plug Valves, 2021-2031F |
6.3.3 India Steel and Alloy Casting Valves Market Revenues & Volume, By Gate Globe Check Valves, 2021-2031F |
6.3.4 India Steel and Alloy Casting Valves Market Revenues & Volume, By Butterfly Valves, 2021-2031F |
6.3.5 India Steel and Alloy Casting Valves Market Revenues & Volume, By Ball Valves, 2021-2031F |
6.4 India Steel and Alloy Casting Valves Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 India Steel and Alloy Casting Valves Market Revenues & Volume, By 2?? & Below, 2021-2031F |
6.4.3 India Steel and Alloy Casting Valves Market Revenues & Volume, By 2-6????, 2021-2031F |
6.4.4 India Steel and Alloy Casting Valves Market Revenues & Volume, By 6-25????, 2021-2031F |
6.4.5 India Steel and Alloy Casting Valves Market Revenues & Volume, By 25-50????, 2021-2031F |
6.4.6 India Steel and Alloy Casting Valves Market Revenues & Volume, By 50???? & Above, 2021-2031F |
6.5 India Steel and Alloy Casting Valves Market, By End-User Industry |
6.5.1 Overview and Analysis |
6.5.2 India Steel and Alloy Casting Valves Market Revenues & Volume, By Oil Exploration, 2021-2031F |
6.5.3 India Steel and Alloy Casting Valves Market Revenues & Volume, By Cracking & Refining, 2021-2031F |
6.5.4 India Steel and Alloy Casting Valves Market Revenues & Volume, By Pipelines & Oil Transports, 2021-2031F |
6.5.5 India Steel and Alloy Casting Valves Market Revenues & Volume, By LPG Marketing Terminals & Bottling Plants, 2021-2031F |
6.5.6 India Steel and Alloy Casting Valves Market Revenues & Volume, By Liquefied Natural Gas, 2021-2031F |
6.5.7 India Steel and Alloy Casting Valves Market Revenues & Volume, By Petrochemicals, 2021-2031F |
6.5.8 India Steel and Alloy Casting Valves Market Revenues & Volume, By Fertilizer, 2021-2031F |
6.5.9 India Steel and Alloy Casting Valves Market Revenues & Volume, By Fertilizer, 2021-2031F |
7 India Steel and Alloy Casting Valves Market Import-Export Trade Statistics |
7.1 India Steel and Alloy Casting Valves Market Export to Major Countries |
7.2 India Steel and Alloy Casting Valves Market Imports from Major Countries |
8 India Steel and Alloy Casting Valves Market Key Performance Indicators |
8.1 Percentage increase in the number of infrastructure projects utilizing steel and alloy casting valves. |
8.2 Growth in the adoption of advanced technology in valve manufacturing processes. |
8.3 Number of partnerships and collaborations between valve manufacturers and key industry players to expand market presence. |
9 India Steel and Alloy Casting Valves Market - Opportunity Assessment |
9.1 India Steel and Alloy Casting Valves Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 India Steel and Alloy Casting Valves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 India Steel and Alloy Casting Valves Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 India Steel and Alloy Casting Valves Market Opportunity Assessment, By Size , 2021 & 2031F |
9.5 India Steel and Alloy Casting Valves Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 India Steel and Alloy Casting Valves Market - Competitive Landscape |
10.1 India Steel and Alloy Casting Valves Market Revenue Share, By Companies, 2024 |
10.2 India Steel and Alloy Casting Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |