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Frost & Sullivan Estimates Process Transmitters Market to Grow at a CAGR in Excess of 13 Percent till FY 2015-16 - The National Manufacturing Policy has been the driver for implementation of National Investment and Manufacturing Zones (NIMZs) in the country
Frost & Sullivan Estimates Process Transmitters Market to Grow at a CAGR in Excess of 13 Percent till FY 2015-16

 

NewswireToday - /newswire/ - Mumbai, India, 2012/06/04 - The National Manufacturing Policy has been the driver for implementation of National Investment and Manufacturing Zones (NIMZs) in the country.

   
 
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Initially, there will be a limitation due to absence of back-end supply chain for transmitters. However, with indigenization of manufacturing increasing, there is a high probability of local establishment of the entire value chain.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Analysis of the Indian Process Transmitters Market, finds:

• The total process transmitters market in India was valued above INR 8,000 million during FY 2010-11 and is expected to grow at a compound annual growth rate (CAGR) in excess of 13 percent until FY 2015-16
• The pressure transmitters market was valued above INR 3,000 million during FY 2010-11 and is expected to grow at a CAGR in excess of 12 percent until FY 2015-16
• The temperature transmitters market was valued above INR 500 million during FY 2010-11 and is expected to grow at a CAGR in excess of 13 percent until FY 2015-16
• The level transmitters market was valued above INR 1,000 million during FY 2010-11 and is expected to grow at a CAGR in excess of 11 percent until FY 2015-16
• The flow meters market was valued above INR 3,000 million during FY 2010-11 and is expected to grow at a CAGR in excess of 12 percent until FY 2015-16

An increasing influx of Chinese Engineering Procurement and Construction (EPCs) in power generation projects has resulted in transmitter orders being placed directly with suppliers in China. Even though Chinese EPCs could limit the market for local transmitter suppliers in India to a certain extent, the targeted capacity addition of 100 GW in the 12th Five Year Plan will provide them with an opportunity to cater to the power sector.

"The process transmitters market in India is expected to directly benefit from the capacity additions in the power sector, as this sector is one of the leading consumers of process transmitters," notes Frost & Sullivan Analyst.

Growth in manufacturing activity due to NIMZs is expected to contribute to the anticipated surge in the demand for process transmitters. The National Manufacturing Policy will spur the growth in various manufacturing sectors.

"NIMZs created under the National Manufacturing Policy will witness expansions from end-user industries as well as product manufacturing companies," notes Frost & Sullivan Industry Analyst.

The research predicts that power and oil and gas will be the verticals driving the adoption of transmitters and indigenization of manufacturing will drive the usage of transmitters in India.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Caroline Lewis/ Akshata Mhatre, Corporate Communications, at caroline.lewis[.]frost.com / akshatam[.]frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Analysis of the Indian Process Transmitters Market is part of the Industrial Automation and Process Control Growth Partnership Services Program, which also includes research in the following markets: Analysis of the Indian Electrical Drives Market and Analysis of the Indian Hydraulic Components Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices

For more than 50 years, we have been developing growth strategies for the global 1000 emerging businesses, the public sector, and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

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Analysis of the Indian Process Transmitters Market / P5F2-10

Contact:
Nimisha Iyer, Corporate Communications - South Asia, Middle East and North Africa
P: +91 98200 50519 - E: niyer[.]frost.com.

 
 
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Frost & Sullivan Estimates Process Transmitters Market to Grow at a CAGR in Excess of 13 Percent till FY 2015-16

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Frost & Sullivan |
Publisher Contact: Caroline Lewis/ Akshata Mhatre 
+91 9821737935 / +91 2266072039 caroline.lewis[.]frost.com / akshatam[.]frost.com
 
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