The control valves market in India has been growing at an incredible rate, proven by the increasing industrial development in the country. Control valves, which are used for flow, pressure, temperature and level control applications, are widely used in industries like oil and gas, water/waste water, power, chemicals, and pharmaceuticals. Some of the factors which have been deemed to be affecting this market include high industrialization and urbanization in India. Due to the government’s emphasis on infrastructure development through ‘Make in India’ and ‘Smart Cities’ program there is a significant requirement of sophisticated control systems and control valves. The growth of oil and gas industry caused by the rising internal demand for the product and the exploration activities has a positive impact on the growth of the market.
In addition, the water and wastewater management industry, which is experiencing increased pressure in terms of population growth and pollution, depends mainly on the control valve solutions to improve efficiency and ensure sustainability. Technological innovation is another major driver which is driving the market at a fast pace. Advanced technologies and the integration of IoT in control valve systems have brought drastic changes in the monitoring and maintenance of such systems, thus cutting down on the time and costs for repairs and maintenance. The market has been expanding because Indian manufacturers are integrating these innovations to cater to the new requirements of the end customers.
In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.