Report about Pumps, Valves, and Compressors Market in India
Posted: 04/17/2014 04:04:37 Edited: 04/17/2014 04:04:37 Clicks: 942
The India Pumps, Valves, and Compressors market is expected to grow at a CAGR of 15.60% over the period 2012-2016. One of the key factors contributing to this market growth is the increasing requirements from process manufacturing industries. The Pumps, Valves, and Compressors market in India has also been witnessing the development of next-generation valves and pumps. While the increasing prices of raw material could come into being a challenge to the growth of this market.
The Pumps, Valves, and Compressors market in India is undergoing a steady transition from the utilization of traditional valve types to automatic valves. It is expected that during the forecast period, the automatic valve types will grow at a high speed in terms of adoption than the traditional valve types, especially due to the growing requirement for productivity from the process industries. There will be increased requirement for automatic valves from process industries owing to several enhancements in the operational efficiencies of the industrial production processes. But, with vendors focusing on low-cost products in order to attract cost oriented end-users, this transition is expected to gain momentum stably during the forecast period.
The increasing need from process manufacturing industries is one of the major drivers in the Pumps, Valves, and Compressors market in India. The Oil and Gas, Petrochemical, Chemical, Power, Food and Beverage, and Mining industries are some of the major end-users in the Pumps, Valves, and Compressors market in India.
The increasing prices of raw material is one of the major obstacles in the Pumps, Valves, and Compressors market in India. Raw materials such as steel, aluminium, andcastings are widely utilized to manufacture valves, pumps, and compressors.
The Pumps, Valves, and Compressors market in India is undergoing a steady transition from the utilization of traditional valve types to automatic valves. It is expected that during the forecast period, the automatic valve types will grow at a high speed in terms of adoption than the traditional valve types, especially due to the growing requirement for productivity from the process industries. There will be increased requirement for automatic valves from process industries owing to several enhancements in the operational efficiencies of the industrial production processes. But, with vendors focusing on low-cost products in order to attract cost oriented end-users, this transition is expected to gain momentum stably during the forecast period.
The increasing need from process manufacturing industries is one of the major drivers in the Pumps, Valves, and Compressors market in India. The Oil and Gas, Petrochemical, Chemical, Power, Food and Beverage, and Mining industries are some of the major end-users in the Pumps, Valves, and Compressors market in India.
The increasing prices of raw material is one of the major obstacles in the Pumps, Valves, and Compressors market in India. Raw materials such as steel, aluminium, andcastings are widely utilized to manufacture valves, pumps, and compressors.
