How technology is transforming the valves industry

By admin December 12, 2014 2:27 pm IST

The valve industry is seizing new opportunities and the statistics are overwhelming. The industry is experiencing an upsurge in the demand for valves.
 The valves today have practically found place in every sector. All core sectors like power, oil and gas, water, infrastructure projects, metal and mining, chemicals, drugs, pharmaceuticals, food and beverages, require various types of valves for expansion of capacities, de-bottlenecking or routine maintenance and repair of factories. Valve is a small but critical support device that is omnipresent because it is a must for operation and control of all big devices and processes.
Current scenarioCurrently world valve market size is $ 62 Billion with North America and West Europe as the largest markets. The global demand for valves is expected to grow and reach $ 75 Billion by 2017. China, Africa, Middle East and India are likely to be the fastest growing markets while oil and gas, chemicals, power, metal, pharmaceuticals, marine and water resources will be the fastest growing segments. India constitutes around 2 per cent of Asia’s valve demand with Rs. 10,000-crore market size. The valve industry being an intermediate industry is completely dependent on the growth of the core sectors in the Indian economy. Therefore, with an expected growth in the oil and gas, power, pipeline, steel, infrastructure, petrochemicals and pharmaceutical industries, the demand for valves is also expected to gather steam. On an average total cost of all valves is approximately 2 per cent of total factory and machinery cost.
In India, Kirloskar Brothers Limited (KBL) is one of the largest manufacturers of valves since over six decades. It has got accredited with ISO 9001 and introduced sluice valve in India. KBL offers wide product range including cast steel GGC, single, double and triple offset butterfly valves, suction diffuser valves, triple duty valves, ball valves, tamper proof kinetic air valves, swing type non-return valve and foot valve, impulse cum thermodynamic steam trapping device, etc.
Transforming phaseValve industry is transforming from low technology valves to a range of high and medium technology products. The growth in nuclear industry is spurring the development of high technology valves. KBL with N, NPT and MO certifications will be at an advantageous position to cater the demand arising from nuclear industry. The certification also serves as an assurance of the capability to address the critical applications. Power generation shift from low efficiency conventional thermal power plants to high efficiency ultra-mega power plants with super critical coal fired boiler technology will create the demand for high technology valves.
The Indian valve industry needs to collaborate and work closely with the end users to rise up to the global challenges, demands and opportunities and grow together. 

Advertising

Your future advertising space? Our media data