Innovation in Industrial Flow Control

Growth in India’s industrial valve manufacturing sector has been attributed to the fast industrialization, growth of oil & gas industry as well as increasing number of projects on infrastructure development. The sector is benefitting from increasing demand from end user industries like water treatment, chemicals and power generation with the help of a consistent CAGR over the next few years. The expansion is not only due to internal market demand, but also matches with the strategic goal of India of enhancing manufacturing capacity and attracting foreign direct investment under 'Make in India' initiative. The oil and gas sector is a critical factor in this growth due to the need of valves with high durability and high precision for operations from exploration to refining.

India’s cost effective, skilled workforce and enhanced technological infrastructure provide it with a competitive advantage. To excel in the highly competitive global market, domestic manufacturers are investing in R&D to produce more advanced, corrosion resistant valves with automated control features to international standards. Indian valve manufacturers have expanding export prospects, as more and more Indian valve manufacturers are beginning to supply to international market, such as North America, Europe and the Middle East. In addition, domestic manufacturing policies such as reduced import duties on raw materials and favorable investment policies are supporting this sector. The market is expected to grow at a higher pace with industrial valves being a key constituent part in modern industrial processes owing to which India will be a strong economic participant in the global valve manufacturing market.

In this special issue, we introduce you to the top companies in from this segment. Industry Outlook has identified the select few companies that have done particularly well 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.