The future holds immense opportunities for the valve industry in areas like liquefied natural gas (LNG), carbon capture and storage (CCS) and the burgeoning green hydrogen market, said S. Kalyanaraman, Chief Executive Officer and Director of L&T Valves, in Coimbatore Tuesday.
“Each segment presents unique challenges and demands specialised valve solutions. Embracing these new frontiers requires agility, continuous research and development, and a commitment to sustainable practices,” said Mr. Kalyanaraman, at the inauguration of the seventh edition of the Valve Technology Conclave, organised by the Confederation of Indian Industry (CII) and Indian Valve and Actuator Manufacturers Association (IVAMA).
Noting that the green hydrogen revolution presents exciting opportunities for the valve industry, he said valves for the fuel need to withstand high pressure, handle cryogenic temperature and ensure leak-proof operation due to its unique properties. It is estimated that the market for the fuel will reach $18.6 billion by 2030 and create significant demand for specialised valves, added Mr. Kalyanaraman, quoting a 2023 report by the Global Market Insights.
