The Pumps & Valves sector provides among the highest net value addition of over 20% among the engineering sector. The Indian Pumps & Valves industries have seen a tremendous growth in the near past. The industry has matured enough, its domestic sales graphs are increasing at a rate of around 16-18% per annum. The Indian market is already worth over US$ 2 billion in valves. India has around 800 valves manufacturers.