Indian Valve Market - Forecast(2020 - 2025)
Indian Valve Market Overview: ‘IoT’ integrated valves – A mega trend in Indian valve market The widespread trend of ‘IoT’ has augmented the level of ‘energy-efficiency’ by valves implemented in an extensive array of industries including oil and gas, water and wastewater management, thermal power and mining. Alone in the United States, approximately 20% of the primary energy utilized during operations in petroleum refining manufacturing is lost throughout utility production. Consequently, there is a surge in demand for solenoid valves that automates the process towards energy efficiency. As valves and fittings are an integral constituent of above illustrated industries dealing with fluid management systems, IoT technology integrated with sensors is a playing a vital role as a mega trend. Similarly, the Indian valve market players with several lucrative application industries in its revenue pocket majorly oil and gas, and water and wastewater are manufacturing products in alignment with ...