We cover the entire life cycle of a product from initial idea to after its market release

Product development means series of activities that includes the technical survey, conceptualization, product design, development and marketing of completely newly created or rebranded goods or services. It covers the entire life cycle of a product from initial idea to after its market release.

The objective of product development from a business point of view is to develop, maintain and increase a company’s market value by satisfying customer’s demand. From a customer’s point of view, it’s to ensure value in the product as a quality good or service.

Following are the major steps involved in a product development activities which shall be followed by the team who handle the responsibilities:

1
process

Design Criteria

Design criteria to be identified and necessitates brainstorming possible new products. Once an idea has been found as a prospective product, a more formal product development strategy can be applied.

2
process

Idea Analysis

Idea analysis requires a closer evaluation of the product concept. Market research and concept studies are conducted to find out whether the idea is feasible or within a relevant business context to the company

3
process

Concept Genesis

Concept genesis involves turning an identified product opportunity into a tangible concept.

4
process

Prototype

Prototyping includes creating a prototype for a product concept that has been determined to have business relevance and value.

5
process

Product Development

Product development requires ensuring the concept is viable and has been determined to make business sense and have business value.

“By following above product development concept, Petronash Engineering is providing new product as well package development services for the critical requirements in various industries such as Oil & Gas, refinery, water treatment, food processing, etc., and also for any type of Hydraulic applications”

With experienced pool of engineers with sound knowledge in new product development and the state of the art manufacturing / testing facility, Petronash is taking up interesting and challenging products for development where customer is really looking for alternative or customised solution.

We are equipped with latest software for product modelling, detailing and analysis which will help to fine-tune the product design to ensure its meeting the 100% customer’s requirements.

All the product prototypes will be manufactured and tested with help of in-house facility. Petronash is open to take up any challenging products for development which shall meet customer needs.