As Infrastructure construction across the country is combining speed, economy, safety, strength and aesthetics at awe inspiring levels, steel structures, until now a primary foundation element, have risen as complete solutions in construction projects for various structural requirements. India is growing fast as an economy for pre-engineered buildings (PEBs) as it is witnessing a boom in the infrastructure sector. Structural steel buildings or PEBs are addressing parameters including finishes, environment control and life cycle with a panache derived from product innovation and technology advancement.
Emerging as a strong alternative to conventional concrete construction methods, PEB in India is validated by the 33% market share of PEBs in the construction industry. While this figure is lower than some European countries, it marks India's growing global market share at 9.5 percent -- a step ahead of China's 8.5 percent. "The market demand is pegged at 425,000 TPA with a 15% growth per annum," informs the spokesperson from Kirby Building Systems India. "Current market size is around Rs.3,500 Crore and it is expected to grow at 10% to 15% per year," estimates Mr B.V. Rao, Executive Director, Pennar Engineered Building Systems Ltd. Generally, steel structures and specifically PEBs market have, on the domestic front, surpassed the GDP from both the Indian steel industry and the Indian construction sector. Over the next 2-3 years, the industry is optimistic about a 15 to 20% annual growth, resulting in doubling of the market over five years.