Growth of Process Industries Drives Control Valves Market in India
Dedham, Massachusetts; December 14, 2011: The global economic slowdown is likely to have a marginal effect on India’s economy in the short term, but in the long term, its growth prospects continue to remain robust because it depends largely on domestic consumer demand. The expanding Indian economy provides impetus for the growth of the country’s manufacturing industry. Almost all process industry verticals are growing and the growth seems to be sustainable from both mid-term and long-term perspectives. While manufacturing companies in India are well placed from the demand side perspective, they are under cost pressures. This trend makes India an attractive market for automation and especially the control valve, actuator, and positioner suppliers.
According to ARC Advisory Group’s research, the total control valve, actuator, and positioner market in India will exceed $107 million in 2015. ARC’s latest study, “Control Valve Outlook for India” (www.arcweb.com/market-studies/pages/control-valves-india.aspx), provides an in-depth analysis of the control valve, actuator, and positioner business in India. In addition to market analysis and forecasts, the study also covers the current market nuances, strategic issues, and the future outlook. The report also highlights the factors that influence the control valve market in India and its dynamics.
Expanding Process Industries Drive Control Valve Market Growth
According to Rajabahadur V. Arcot, Vice President and GM, ARC Advisory Group, (firstname.lastname@example.org), “Driven by a growing and developing economy, India is witnessing the growth of process industries in a big way that creates the demand for control valves.” He continues, “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 growth of control valves market in the country. India is emerging as an important market for control valve suppliers seeking sustainable long-term growth oriented markets.” ARC Advisory Group, based on its research, has identified some homegrown control valve companies among the leading suppliers serving India’s market.
India Attracts Control Valve Suppliers
According to the principal author of ARC’s study, Ritika Agrawal (email@example.com), “Global suppliers 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.”
The country not only acts as a good demand-centric market, but also as an excellent manufacturing base that can serve the growing markets in the region. While the market offers opportunities, the suppliers’ strategies ultimately contribute to success in the marketplace. Suppliers should understand the market nuances, identify emerging opportunities aligning with the overall corporate objectives, and develop their growth strategies.
Market Understanding Is Crucial for Success
The “Control Valve Outlook for India” study contains ample market intelligence, covering market share of suppliers, five-year growth forecasts, market trends and challenges, strategic recommendations, and such others. Quantitative information and assessment apart, this study provides an insightful analysis of issues that will affect the business in the future and suggests well-researched strategies for suppliers.
For more information about this study, please visit www.arcweb.com/market-studies/pages/control-valves-india.aspx.
About ARC: Founded in 1986, ARC Advisory Group is the leading research and advisory firm for industry. Our coverage of technology from business systems to product and asset lifecycle management, supply chain management, operations management, and automation systems makes us the go-to firm for business and IT executives around the world. For the complex business issues facing organizations today, our analysts have the industry knowledge and first-hand experience to help our clients find the best answers. Further information can be obtained from ARC Advisory Group, Three Allied Drive, Dedham, MA 02026 USA, 781-471-1000, Fax 781-471-1100, E-mail firstname.lastname@example.org, Web www.arcweb.com.