As per the recent reports, Bharat Forge Ltd , a global major in auto component manufacturing, has recorded a major turnaround in its international operations. Bharat Forge is one of the leading name in the production of automotive and industrial vales and on the whole paints a positive picture of the industry. For the starters, a valve is a device that regulates the flow of a fluid by opening, closing, or partially obstructing various passageways.
Valves suppliers reveal that, valves are used in a variety of contexts, including industrial, military, commercial, residential and transport. The industries in which the majority of valves are used are oil and gas, power generation, mining, water reticulation, sewerage, chemical manufacturing etc. Experts further reveal that valves are quite diverse and can be classified into number of types like hydraulic, pneumatic, manual, solenoid, motor and more.
As manufacturing on the whole has got the much needed impetus, the demand for valves is growing in almost all the sectors ( as it one of the most basic industrial infrastructure equipment). Valves manufacturers are now focusing on new technologies to design more efficient equipments specially the ones whose finish has improved significantly as compared to existing ones. Constant efforts are on to design new low emission, low noise special valves with better control systems .
As far as the Indian market is concerned, India is emerging as one of the significant producer-cum-exporter of valves. Analysts believe that the Indian market is big enough to offer opportunities to all manufacturers irrespective of the size of their operations. As far as the quality of India made valves is concerned, it is by and large acceptable to the domestic buyers ,however, it remains a cause of concern for large organisations where in strict buying criteria are observed.
As per the last statistics available, Indian valve industry is growing at more than 8 % per annum. As Indian products are becoming more competitive exports may even grow beyond 10-12 per cent from this year onwards.
The only issue over which many valve suppliers are having sleepless nights is the ever increasing costs of raw material. Materials like carbon steel, stainless steel, ductile iron or other materials are crucial for manufacturing valves. As the prices of these commodities are increasing repeatedly, it is gradually affecting the profits margins of valve manufacturers.
Industry insiders sincerely hope that, Indian valves suppliers will find out a way to counter increase in prices and remain highly competitive in the global arena in the times to come.
Valves suppliers reveal that, valves are used in a variety of contexts, including industrial, military, commercial, residential and transport. The industries in which the majority of valves are used are oil and gas, power generation, mining, water reticulation, sewerage, chemical manufacturing etc. Experts further reveal that valves are quite diverse and can be classified into number of types like hydraulic, pneumatic, manual, solenoid, motor and more.
As manufacturing on the whole has got the much needed impetus, the demand for valves is growing in almost all the sectors ( as it one of the most basic industrial infrastructure equipment). Valves manufacturers are now focusing on new technologies to design more efficient equipments specially the ones whose finish has improved significantly as compared to existing ones. Constant efforts are on to design new low emission, low noise special valves with better control systems .
As far as the Indian market is concerned, India is emerging as one of the significant producer-cum-exporter of valves. Analysts believe that the Indian market is big enough to offer opportunities to all manufacturers irrespective of the size of their operations. As far as the quality of India made valves is concerned, it is by and large acceptable to the domestic buyers ,however, it remains a cause of concern for large organisations where in strict buying criteria are observed.
As per the last statistics available, Indian valve industry is growing at more than 8 % per annum. As Indian products are becoming more competitive exports may even grow beyond 10-12 per cent from this year onwards.
The only issue over which many valve suppliers are having sleepless nights is the ever increasing costs of raw material. Materials like carbon steel, stainless steel, ductile iron or other materials are crucial for manufacturing valves. As the prices of these commodities are increasing repeatedly, it is gradually affecting the profits margins of valve manufacturers.
Industry insiders sincerely hope that, Indian valves suppliers will find out a way to counter increase in prices and remain highly competitive in the global arena in the times to come.
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