Pumps, Valves, and Compressors market in India to grow at a CAGR of 15.60 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from process manufacturing industries. The Pumps, Valves, and Compressors market in India has also been witnessing the development of next-generation valves and pumps. However, the increasing raw material prices could pose a challenge to the growth of this market.
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