Control Valves for India

A control valve installation consists of a valve body, actuator, positioner, and accessories. The body includes a bonnet assembly and trim parts. Its design withstands fluid static pressure and differential pressure, allows fluid flow, provides pipe-connecting ends, and supports seating surfaces and a valve closure member. Actuators are pneumatic, hydraulic, or electrically powered devices that provide the force to open and close the valve. Positioners monitor and control true actuator movement to maintain a desired set-point. Accessories include electro-pneumatic transducers, pressure regulators, hand wheels, position indicators, and limit switches.

Control Valves for India: Advances in Data Science, Artificial Intelligence, and Computing Power to Drive the Market

Advances in data science, artificial intelligence, and computing power have converged in a “perfect storm” to enable the commercialization of algorithms that provide human-like analysis of large data sets at machine speeds. These advances are allowing control valve suppliers to apply artificial intelligence capabilities in their digital valve positioners to provide more advanced warning of impending valve failure. With the increasing implementation of Industrial IoT across the process industries, holistic valve operation management is gaining attention. Equipped with digital cloud solutions and cognitive analytical engines, the leading-edge control valve suppliers are developing holistic valve management services, including the remote monitoring of customers’ valves from a centralized location.  

Control Valves India Market Strategic Issues

In addition to providing a five-year market forecast, the Control Valves India Market Research Report provides detailed quantitative current market data and addresses key strategic issues as follow:

Strategic Issue for Control Valves India: Pricing Pressures

The global control valve market continues to be fiercely competitive, with suppliers establishing strong local presences by establishing service and support facilities closer to customers all over the globe.  As manufacturers continue to place increasing scrutiny on capital expenditures, many are exerting pricing pressure on their control valve suppliers.  This negatively impacts the selling price of new control valve projects as more manufacturers look for larger discounts.  Pricing pressures are particularly evident in greenfield projects where the competition is especially intense. The growing importance of price-sensitive markets like India further drives down control valve hardware prices for multinational suppliers.  Many suppliers opt to compete for new business at very low margins, betting that multi-year service, upgrade, and support revenue streams will provide additional returns at higher margins.

Strategic Issue for Control Valves India: “Leave Well Enough Alone” Mentality

The long life span of control valves used in general-purpose applications, a preference to leave well enough alone, and a fear of change among the heavy process end user community continue to inhibit valve upgrade opportunities for control valve suppliers.  End users in the heavy process industries typically do not see the benefit in upgrading, or need to upgrade, their valves unless there is a glaring need to do so.  This attitude is limiting the replacement business opportunities for control valve suppliers.

Strategic Issue for Control Valves India: Impact of COVID-19

Amid the COVID-19 pandemic, lockdowns and factory shutdowns resulted in ceasing of significant economic activity. The manufacturing output decreased, which reflected a fall in the external as well as domestic demand.