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Submitted by: Sunil Srivastava
Since last few years the pre-engineered building market is growing by 20% per year. According to industry experts, this continued growth of the market is assured as more and more companies are adopting PEB systems which have great potential in automobile, power, infrastructure and logistics segments. The experts believe that pre-engineered metal buildings in India arent at an emerging stage anymore. In India, the term as well as the sector has been well accepted in the past two decades. Though initially the process has been slow, it has now received its due credit and significance. These PEB metal and steel buildings have been proving its worth in many diverse sectors such as public sector, automotive, power, oil and gas, retail, hospitals and hotels, etc.
Being in the construction industry for quite a long time, the technology was bound to undergo innovation and it certainly did. With the introduction of green buildings, light gauge framing systems, eco-friendly construction materials, options of so many possibilities with the metal buildings such as multi-storey or high rises, multilevel car parks etc., the sector has seen variations and additions which have led the industry to where its today. Today, in India, green buildings are the talk of the town as they are progressively increasing their footprint in India. Currently, there are already several buildings that have been officially identified as green buildings, mainly in the private sector. The Indian Green Building Council (IGBC) estimates the demand for green building materials along with the equipment will reach a billion dollar amount within a decade. The incorporation of better and more energy efficient buildings, confirming to international Green Building Standards and coders, greater use of thermal or reflective insulation, more natural lighting solutions through skylights and better ventilation in buildings using energy effective vents, etc., have set a benchmark in their own ways.
Pre-engineered steel building solutions has a great opportunity in power, automobile, infrastructure and logistics segments. Its considered to be the quicker system to build infrastructure, to get the competitive edge in a newer business framework. Today, a lot of companies are adopting PEB systems and the number is increasing with the PEB market growing by 20% per year. Experts anticipate demand in the manufacturing and commercial sectors to increase by 50%. The housing sector also needs to come up with similar demand.
A decade down the line one could witness players from the organised sector serving the need of the clients in existing as well as some new sectors such as highways and bridges, power, metros, railways, stadiums, etc. These ten years could also see several portable cabin manufacturers playing a significant role in the development of the PEB industry in India. The industry would also witness a lot of international market opportunities that will also add to the rise in demand of pre-engineered buildings. Thus many experts feel that these buildings in India would have a great future as it has in developed countries.
About the Author: Sunil Srivastava is a Business Partner at New Life Steel Structures, a leading organization having expertise into the manufacturing of pre-engineered buildings(
newlifesteel.com/pre-engineered-steel-metal-buildings.php
),industrial sheds,portable cabins(
newlifesteel.com/portable-cabin-manufacturers.php
) .The company has been into the industry since 2 decades constructing multiple steel structures with varied budget in different geographies and operating with a strong sense of work ethics, pride and integrity.
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