The global Air compressor market is expected to reach USD 29.8 billion by 2020. Asia pacific region is expected to be the highest revenue generating region by 2020. The industrial compressors industry in India, currently valued at USD 550 million is expected to reach USD 833 million by FY 2019.
The global valve industry is estimated to be around USD 60 billion and is expected to grow at a CAGR of 4.3 per cent between 2015 and 2019, whereas the Indian valve industry is around USD 2 billion and is expected to grow at 7.3 per cent during the same period. CII Valves & Actuators Division's vision is to achieve USD 4 billion by 2020..
Global demand for fluid handling pumps is projected to increase 5.5% annually to USD 84 billion in 2018. The Asia-Pacific region will generate 44% of new pump demand through 2018. Several Asian countries are projected to record impressive gains, including China and India.