Precision That Powers Industries

In recent years, industrial gauges sector in India has grown tremendously owing to rapid industrialization, increased infrastructure development and technology advancement. Industrial gauges are an integral part of industries such as oil and gas, power generation, chemical processing and water treatment. Their critical role in the safety, efficiency, and regulatory compliance is the driver of their demand. The growth of this market is also driven by India’s rapidly developing energy and infrastructure sector. Growth in precision instrumentation in thermal power plants, refinery expansion and investments in renewable energy has been exponential. Further, domestic manufacturing has also been supported by government programs such as "Make in India" and ‘production linked incentive (PLI) schemes which encouraged local gauge manufacturers, reducing the import dependence.

This sector has also seen growth in the rise of smart manufacturing and Industry 4.0 technologies. Now manufacturers are realizing that digital and IoT enabled gauges can provide real time monitoring and analytics. They are geared towards enabling industries to achieve operational transparency and predictive maintenance capability that was not previously achievable. Not only did the market grow due to sectors ranging from pharmaceuticals to food processing, which need a high degree of precision and which depend on gauges used as a quality control tool, but the market also expanded from applications such as ink-jet metering. Indian manufacturers are expanding their horizons and exploring export opportunities with products that are cost competitive and of high quality and which conform to international standards.

In this special issue, we introduce you to the top companies 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 they have gone the extra mile in proving their commitment to excellence in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.