Skip Ribbon Commands
Skip to main content
Navigate Up
Sign In

Quick Launch

MIT Community of India > Posts > Control Valves Market in India is Growing According to ARC Research
October 19

Control Valves Market in India is Growing According to ARC Research

By Rajabahadur V. Arcot and Ritika Agrawal

Driven by a growing and developing economy, India is witnessing the growth of process industries in a big way and this creates demand for control valves.  Process industries, such as chemical, oil and gas, power, refining, and others, which extensively use control valves, are expanding in India and this provides the impetus for the control valves market in India.  In process industries, to ensure quality standards and operational safety, various parameters such as pressure, flow, level, temperature, and others are automatically controlled using control valves and there are several control loops regulating the variables.  

Many global suppliers are competing in the control valves' market in India.  They are attracted not only by the country’s demand for control valves, but also by the advantages that the country offers, such as the low cost arbitrage, availability of design and engineering capabilities, and world-class casting and forging facilities, and such others.  Driven by these factors, global suppliers, such as Azbil, CCI, Emerson, Flowserve, and others have established facilities for manufacturing, engineering, sourcing, and marketing of control valves in India. These and other control valves supplier companies are competing with domestic suppliers, such as Instrumentation Limited and MIL Controls.  

India now produces a broad range of valves including special purpose valves such as severe service valves conforming to global standards.  These factors can propel India to emerge as a leading manufacturer and exporter of control valves.  It is already beginning to happen and ARC’s research reveals that export revenues of control valves are growing in double digits and this trend will gain further momentum. 

Currently, India’s economy, like that of others, is clouded by global slowdown sentiments and additionally there is continuing concern about the country’s inflation. ARC believes that the possibility of India’s economy slipping into a recession is unlikely because of its domestic consumer demand driven economy.  The growth rate may decelerate only marginally.  According to economists, the GDP growth rate may slide from 8.2 percent to 7.8 percent in 2012.  This situation will enable suppliers of control valves to maintain steady growth.    

Soon, ARC plans to release its India Control Valves, Actuators, and Positioners (CVAP) Market Outlook Study.  The study will highlight the overall market size of CVAP in India, identify the leading players, provide a five-year growth forecast, and discuss the market nuances.  The report will not only provide the market landscape but will give the roadmap for CVAP manufacturers to achieve sustainable profitability in this phase of India’s industrial expansion. 


Comments

There are no comments for this post.