The market is dominated by domestic suppliers, as imports account for 33.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 93.1% of total demand in 2022. India has the third largest market size for pumps, compressors, taps and valves regionally, with demand reaching USD22.6 billion in 2022. Kirloskar Bros Ltd is the largest company in India, generating 1.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 3.1% of total production value in 2022. The total number of companies decreases in 2022, to 283,365 units. The costs of the industry increase by 6.2% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 16.6% of production value in 2022, the eighth highest regionally. The industry’s exports share increases in 2022 to 20.2% of total production output. With production value of USD13.6 billion, India accounts for 5.0% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Pumps, Compressors, Taps and Valves in India: ISIC 2912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pumps, Compressors, Taps and Valves in India: ISIC 2912 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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