Control Valves Market in India Offers Immense Opportunities for Suppliers

​By Ritika Agrawal
The current downturn has created an aura of uncertainty in many parts of the world.  ARC believes that the uncertainty will be minimal in the case of some countries and India will be one among them.  The European crisis will affect India’s economy, causing a slowdown but not a recession.  

India’s expanding economy, well supported by a booming manufacturing industry, provides the impetus for the growth of process industries.  Additionally, it offers excellent opportunities for the growth of the automation market, such as DCS, AC drives, control valves, and others.  ARC, after researching the DCS, PLC, and AC drives market, has written a market outlook study on control valves, actuators, and positioners.  This study is intended to serve as an invaluable guide for control valve, actuator, and positioner (CVAP) suppliers and to new entrants to the business.  By providing strategic market information, ARC studies aim to assist suppliers to create business plans for marketing and development.  ARC studies also help end users make purchase decisions by providing an in-depth analysis of the CVAP market and its leading suppliers.  

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 & beverage, pharmaceuticals, and others, get satiated.  High oil prices due to growing demand from emerging nations and continuing political turmoil in the Middle East could upset growth.  Due to the numerous risks still present and the lag between orders and final shipment for new projects, short-term prospects for the market range widely by region and industry.  While most sectors are expected to experience positive growth over the forecast period, growth in the oil & gas and electric power markets will drive the overall market growth positively in 2011 and beyond. 

Domestic demand is unlikely to diminish over the next couple of decades. The country’s current production capacity is just adequate to meet the demand for cement, metals, and such others, and therefore possibility exists for adding fresh production capacities to meet the needs of an expanding economy.  For example, in the case of the electric power industry, which accounts for more than one-half of the control valves market, the current demand outstrips supply by almost double digits.  The present and the projected demand-supply gap encourage more investments in the electric power generation sector. 

Control valve suppliers addressing India’s CVAP market can look forward to the future with confidence.  The market offers excellent growth opportunities during the forecast period.  Growth opportunities apart, suppliers can also benefit from some of the advantages that the country provides.  India has excellent foundry facilities and human resources needed for control valve manufacturing.  Therefore, 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.  ARC believes that suppliers should understand the market nuances, identify emerging opportunities aligning with the overall corporate objectives, and develop their growth strategies.  

ARC’s interviews with leading CVAP suppliers reveal that they are upbeat about their business prospects in India.  The country’s sustainable economic and process industry growth prospects make India an attractive market for CVAP suppliers.  With numerous greenfield process plants coming up alongside project modernizations, the demand for control valves will remain robust. Additionally, there is increasing awareness among end users that automation plays an important role in maintaining the process under control, which ultimately results in improving product quality and consistency, achieving energy efficiency, waste reduction, and such others.  

ARC’s CVAP study will highlight the overall market size of CVAP in India, identify the leading players, provide a five-year growth forecast, and discuss the market nuances.  The report will not only provide the market landscape but will give the roadmap for CVAP manufacturers to achieve sustainable profitability in this phase of India’s industrial expansion. 

According to our study, the market is well served by leading global and domestic suppliers.  State-of-the-art control valves, actuators, and positioners are available in the market.  ARC believes that end users planning to invest in control valves must recognize that CVAP plays a crucial role in improving process controllability.  

To know more about the CVAP Market Outlook Study please write to ragrawal@arcweb.com.