Strategic Report on Pumps, Valves Process Valves Process Equipments Strategic Report on. ... pumps, valves process equipments i.e. Pumps, ... 2.4 End-use sector analysis: ...

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  • Knowledge Partner

    Pumps, Valves & Process Equipments

    Pumps, Valves & Process Equipments

    Strategic Report onStrategic Report on

  • MESSAGE

  • MESSAGE

  • It is a matter of great pleasure and pride to write this message for INDIA CHEM rdGUJARAT 2013 3 International Exhibition and Conference on Specialty Chemicals,

    Fine Chemicals, Agrochemicals, Dyes and Colorants scheduled from October 24-26,

    2013 at Mahatma Mandir, Gandhinagar, Gujarat.

    I am grateful to Department of Chemicals and Petrochemicals, Government of India,

    Government of Gujarat and iNDEXTb for their involvement and support in bringing

    this event to a stage where we have large participation from the Indian and Foreign

    industry.

    I am sure INDIA CHEM Gujarat 2013 will provide an excellent platform for

    business-to-business contacts and help exhibiting companies to network with their

    prospective buyers. We are expecting Buyers from more than 40 countries and this

    would lead to productive interactions with Indian Chemical manufacturers keen to

    boost their exports.

    I wish all the exhibitors and visitors of INDIA CHEM Gujarat 2013 a fruitful

    participation.

    Dr A.Didar Singh

    Secretary General

    FICCI

    MESSAGE

  • It is a matter of great pleasure and pride to write this message for INDIA CHEM rdGUJARAT 2013 3 International Exhibition and Conference on Specialty Chemicals,

    Fine Chemicals, Agrochemicals, Dyes and Colorants scheduled from October 24-26,

    2013 at Mahatma Mandir, Gandhinagar, Gujarat.

    I am grateful to Department of Chemicals and Petrochemicals, Government of India,

    Government of Gujarat and iNDEXTb for their involvement and support in bringing

    this event to a stage where we have large participation from the Indian and Foreign

    industry.

    I am sure INDIA CHEM Gujarat 2013 will provide an excellent platform for

    business-to-business contacts and help exhibiting companies to network with their

    prospective buyers. We are expecting Buyers from more than 40 countries and this

    would lead to productive interactions with Indian Chemical manufacturers keen to

    boost their exports.

    I wish all the exhibitors and visitors of INDIA CHEM Gujarat 2013 a fruitful

    participation.

    Dr A.Didar Singh

    Secretary General

    FICCI

    MESSAGE

  • It is great pleasure for me to send this message for the international conference on

    pumps, valves & process equipments i.e. "Pumps, Valves & Process Equipments

    2013" on 24 October in Gandhinagar, Gujarat.

    I am confident that this conference "Pumps, Valves & Process Equipments 2013" will

    provide an excellent platform for business-to-business contacts, brainstorming,

    knowledge update, understanding the market overview, knowing the requirements

    of the end users, updating on the technological up gradation and help delegates to

    network with their prospective buyers and will create the right atmosphere for

    exchange of ideas. We have invited key professionals as the Speakers, and their

    deliberations would lead to productive interactions with Indian pumps and valves

    manufacturers keen to boost their market.

    The research report and background paper "Strategic Report on Pumps, Valves &

    Process Equipments" by FICCI and TSMG being released during the conference will

    definitely add value to the industry.

    I wish all the participants of "Pumps, Valves & Process Equipments 2013" a fruitful

    participation.

    Aseem Srivastav

    Chairman-

    Organsing Committee (PVPE Expo 2013)

    MESSAGE

  • It is great pleasure for me to send this message for the international conference on

    pumps, valves & process equipments i.e. "Pumps, Valves & Process Equipments

    2013" on 24 October in Gandhinagar, Gujarat.

    I am confident that this conference "Pumps, Valves & Process Equipments 2013" will

    provide an excellent platform for business-to-business contacts, brainstorming,

    knowledge update, understanding the market overview, knowing the requirements

    of the end users, updating on the technological up gradation and help delegates to

    network with their prospective buyers and will create the right atmosphere for

    exchange of ideas. We have invited key professionals as the Speakers, and their

    deliberations would lead to productive interactions with Indian pumps and valves

    manufacturers keen to boost their market.

    The research report and background paper "Strategic Report on Pumps, Valves &

    Process Equipments" by FICCI and TSMG being released during the conference will

    definitely add value to the industry.

    I wish all the participants of "Pumps, Valves & Process Equipments 2013" a fruitful

    participation.

    Aseem Srivastav

    Chairman-

    Organsing Committee (PVPE Expo 2013)

    MESSAGE

  • Table of Contents

    Executive summary .............................................................................................1

    1. Indian pumps market ................................................................................3

    2. Indian industrial valves market ..............................................................13

    3. Process plant equipment:..............................................................................21

    About Tata Strategic: .........................................................................................25

    1.1 Overview: ..........................................................................................4

    1.2 Market assessment:..........................................................................4

    1.3 Market segmentation: .........................................................................5

    1.5 Market growth drivers: ......................................................................8

    1.6 Market restraints: ..............................................................................9

    1.7 Competitive environment: ...............................................................10

    1.8 Likely scenario of Pumps market over next five years: ....................11

    2.1 Overview: ........................................................................................14

    2.2 Market assessment: ........................................................................14

    2.3 Market segmentation: .....................................................................15

    2.4 End-use sector analysis: ..................................................................16

    2.5 Competitive environment: ...............................................................17

    2.6 Market drivers:.................................................................................18

    2.7 Market restraints: ............................................................................18

    2.8 Likely scenario of industrial valves market in next five years:..........19

    3.1 Overview: ........................................................................................22

    3.2 Market assessment:........................................................................22

    3.3 Market restraints: ............................................................................23

    3.4 Likely scenario of process plant equipment market in ...................24next five years:

    1.4 End-use sector analysis: ....................................................................7

  • Table of Contents

    Executive summary .............................................................................................1

    1. Indian pumps market ................................................................................3

    2. Indian industrial valves market ..............................................................13

    3. Process plant equipment:..............................................................................21

    About Tata Strategic: .........................................................................................25

    1.1 Overview: ..........................................................................................4

    1.2 Market assessment:..........................................................................4

    1.3 Market segmentation: .........................................................................5

    1.5 Market growth drivers: ......................................................................8

    1.6 Market restraints: ..............................................................................9

    1.7 Competitive environment: ...............................................................10

    1.8 Likely scenario of Pumps market over next five years: ....................11

    2.1 Overview: ........................................................................................14

    2.2 Market assessment: ........................................................................14

    2.3 Market segmentation: .....................................................................15

    2.4 End-use sector analysis: ..................................................................16

    2.5 Competitive environment: ...............................................................17

    2.6 Market drivers:.................................................................................18

    2.7 Market restraints: ............................................................................18

    2.8 Likely scenario of industrial valves market in next five years:..........19

    3.1 Overview: ........................................................................................22

    3.2 Market assessment:........................................................................22

    3.3 Market restraints: ............................................................................23

    3.4 Likely scenario of process plant equipment market in ...................24next five years:

    1.4 End-use sector analysis: ....................................................................7

  • Executive summary

    Table of Figures:

    Figure 1: Break-up of Indian pumps market revenue by type (FY13) 4

    Figure 2: Classification of pumps by type 5

    Figure 3 : Segmentation of Positive Displacement Pumps by revenues (FY13) 6

    Figure 4 : Segmentation of Centrifugal Pumps by revenues (FY13) 7

    Figure 5: Split of Revenues of Indian pumps market (FY13) (by end-user) 8

    Figure 6: Total industrial valves market (FY13) 14

    Figure 7: On-off Valves: Split of Revenue by Product Type (FY13) 15

    Figure 8: On-off Valves: Split of Volume by Product Type (FY13) 15

    Figure 9: Control Volves : Split of Volume by Product Type (FY13) 16

    Figure 10: Control Volves : Split of Volume by Product Type (FY13) 16

    Figure 11: Break-up of industrial valves demand by end-use segment 16

    Figure 12: Market share of industrial valves manufacturers (FY13) 17

    Figure 13: Projected production of process plant equipment in India 22

    Figure 14: Segmentation of Pumps Industry 29

    Figure 15 : Key Players (with focus sectors of operation) 29

    Figure 16: Presence of pump manufacturing hubs 30

    Figure 17: Forecasts for Domestic revenues and growth 30

    Figure 18: Trends for exports-imports of pumps 31

    Figure 19: Projections for growth in end-use sectors 31

  • Executive summary

    Table of Figures:

    Figure 1: Break-up of Indian pumps market revenue by type (FY13) 4

    Figure 2: Classification of pumps by type 5

    Figure 3 : Segmentation of Positive Displacement Pumps by revenues (FY13) 6

    Figure 4 : Segmentation of Centrifugal Pumps by revenues (FY13) 7

    Figure 5: Split of Revenues of Indian pumps market (FY13) (by end-user) 8

    Figure 6: Total industrial valves market (FY13) 14

    Figure 7: On-off Valves: Split of Revenue by Product Type (FY13) 15

    Figure 8: On-off Valves: Split of Volume by Product Type (FY13) 15

    Figure 9: Control Volves : Split of Volume by Product Type (FY13) 16

    Figure 10: Control Volves : Split of Volume by Product Type (FY13) 16

    Figure 11: Break-up of industrial valves demand by end-use segment 16

    Figure 12: Market share of industrial valves manufacturers (FY13) 17

    Figure 13: Projected production of process plant equipment in India 22

    Figure 14: Segmentation of Pumps Industry 29

    Figure 15 : Key Players (with focus sectors of operation) 29

    Figure 16: Presence of pump manufacturing hubs 30

    Figure 17: Forecasts for Domestic revenues and growth 30

    Figure 18: Trends for exports-imports of pumps 31

    Figure 19: Projections for growth in end-use sectors 31

  • The Indian economy continued to remain sluggish in FY14, though it still

    maintained a pace faster than most of the emerging and developing economies.

    Real GDP growth contracted to 4.4% in Q1FY14 against 5.4% in Q1FY13 and

    7.5% in Q1FY12. Fiscal deficit in Q1FY14 ~50% of budget estimates as against

    37% in Q1FY13. These Key macroeconomic parameters do not inspire

    confidence.

    However, recent policy measures by the government in various segments,

    especially in the infrastructure sector, are likely to help improve production

    activity. Timely, normal and well-spread rainfall is expected to have a positive

    impact on agriculture production, which, in turn, may improve rural demand for

    industrial goods and services. The improvement in water storage levels in

    reservoirs due to heavy rainfall would enable the hydro power sector to enhance

    capacity utilisation. The targets set in 12th FYP are expected to boost the power

    sector and natural gas segment. We are expecting both industry and agriculture

    to rebound in H2FY14. This will essentially have a positive impact on the demand

    of pumps, valves and process plant equipment in Indian market.

    All these three markets are highly linked with the trends in key end-use sectors

    like oil and gas, power generation, waste and water treatment, agriculture and

    building services. At this juncture of the economy it is imperative to relook at the

    market for the key manufacturing segments like pumps, valves and process

    equipment from end-user's perspective as well as from manufacturer's

    perspective.

    The report covers a brief overview of all the three markets, their growth drivers

    and restraints. Considering the current trends and expected economic outlook,

    likely scenario of these markets in next five years is also built up.

    Executive summary

    2

    Indian pumps market 1

  • The Indian economy continued to remain sluggish in FY14, though it still

    maintained a pace faster than most of the emerging and developing economies.

    Real GDP growth contracted to 4.4% in Q1FY14 against 5.4% in Q1FY13 and

    7.5% in Q1FY12. Fiscal deficit in Q1FY14 ~50% of budget estimates as against

    37% in Q1FY13. These Key macroeconomic parameters do not inspire

    confidence.

    However, recent policy measures by the government in various segments,

    especially in the infrastructure sector, are likely to help improve production

    activity. Timely, normal and well-spread rainfall is expected to have a positive

    impact on agriculture production, which, in turn, may improve rural demand for

    industrial goods and services. The improvement in water storage levels in

    reservoirs due to heavy rainfall would enable the hydro power sector to enhance

    capacity utilisation. The targets set in 12th FYP are expected to boost the power

    sector and natural gas segment. We are expecting both industry and agriculture

    to rebound in H2FY14. This will essentially have a positive impact on the...