Expanding Process Industries Drive Control Valves Market in India
Keywords: Actuators, Control Valves, Indian Economy, Positioners.
India's expanding economy, well supported by a booming manufacturing industry, drives growth in the process industries. Additionally, the country offers excellent opportunities for the growth of the automation market, including DCS, AC drives, and control valves; all areas in which ARC Advisory Group has performed extensive market research.
India has just entered a sustainable growth phase and it will take many years before the pent-up demand for basic things such as aluminum, cement, electric power, food & beverages, pharmaceuticals, and others, get satiated. However, escalating oil prices driven by market speculation, continuing political turmoil in the Middle East, and growing demand from emerging economies could upset the country's growth prospects.
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