EDITORIAL

With all chaos that is happening around us, with all the negativism in the governance, India still all poised to see a tremendous growth in the coming years and decades and that is the silver line. This probably is the red hell short passage for a better future.

Architects and Civil engineers have always been facing the challenges of the future since time immemorial. The world today is undergoing vast changes the technological revolution, population growth, pollution, traffic congestion, energy needs, community planning, redevelopment, environmental concerns, and much more. The next decades will be the most creative, demanding, and rewarding of times for architects and civil engineers. They are in the forefront of technology and are applying the very latest concepts in computer-aided designs, construction, project scheduling, and cost control. As the technological revolution expands, as the world's population increases, and as environmental concerns mount, the need of the hour will be  Innovation in every aspect of our existence.

Built Expressions, in its constant endeavour to bring in the required knowledge at your finger tips, takes a closer look at one of the emerging trends in the current construction industry scenario - The Pre Engineered Metal Buildings.

As per the assessment by World Steel Association, India is the fourth largest steel producing nation in the world. Total crude steel production in India for 2010-11 was around 69 million tonnes and is expected to increase to nearly 110 million tonne by 2012-13. Further, if the proposed expansion plans are implemented as per schedule, India may become the second largest crude steel producer in the world by 2015-16.

According to a research report "Indian steel Industry Outlook to 2012", steel consumption is continuously increasing in the country with rise in demand from most sectors including automobile, power, construction, and infrastructure. Further, India with its low per capita consumption of steel compared to other countries, has enormous growth potential in the country. Additionally, housing demand and developments is expected to account for more steel consumption in the country, growing at a CAGR of around 12% during FY 2012 - FY 2014.

Pre-Engineered Metal Buildings market in India, which complements and supplements the steel industry, is also experiencing robust growth fuelled by infrastructure development and the increasing acceptability. The recent success story at Mohali, the location where 10 storey steel structure completed in 10 days - ready to occupy, says it all. According to Frost & Sullivan Analysis of the Indian Pre-engineered Buildings Market, the market earned revenues of INR 52,970 million in 2012 and estimates this to reach INR 136,120 million in 2016, growing at a compound annual growth rate (CAGR) of 26.6 percent. The structural steel buildings market in India was around 5.0 to 5.5 million MT in 2011, of which around 9.5-10 percent i.e. 537,176 MT accounted for the PEB market in India. It is expected that the market in terms of volumes will reach 900,000 MT by 2016, growing at a CAGR of 11.1 percent.

The Government of India has set a massive target for developing infrastructure in the 12th FYP (2012-17) at an estimated cost of INR 40,900,000 million, of which nearly 33-34 percent have been allocated for the power sector, with an additional target of 90,000 MW. Currently the thermal power capacity stands at 140,976 MW, with the proposed capacity addition of 50,000 MW during the 12th FYP, it will provide huge growth opportunity for PEB in this sector.

The commercial building sector in India is estimated to reach a target of 20.44 billion square feet by 2030 from 7 billion square feet in 2010. It is expected that nearly 34 percent of 2030 target had already been constructed and about 66 percent of the building stock is yet to be constructed.

India with its vision set on 2020, is expected to emerge as a strong force in the global steel market in coming years.