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Energy Investments Help Pressure Transmitter Market in Asia
ControlDesign.com
03/20/2013
Pressure transmitter shipments finally returned to their regular levels in 2010 since the economic recession began. 2011 saw more growth compared to 2010 by several percentage points, but despite the positive growth, the slowdown in China and India poses risk to pressure transmitter suppliers.
Several challenges and a lag between orders and final shipments have left many Asian vendors skeptical about financial viability, and making them question investment decisions in the manufacturing capacity and after-market service capabilities, according to ARC Advisory Group.
"Ongoing financial instability continues to plague markets in Asia," said G. Ganapathiraman, country manager for ARC India and co-author of the Pressure Transmitters for Asia Market Research Study. "However, ARC expects the developing countries such as China and India to drive the majority of Asia’s growth in pressure transmitter shipments going forward."
Indonesia and South Korea continue to show growth above the average rate. China efforts to make strong investments in the electric power industry has created more opportunity for pressure transmitter vendors. In order for India to drive growth to its pressure transmitters market, the country will have to increase its generating capacity and create a more stable infrastructure.
Read the full press relase on ARC Advisory Group.
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