Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Outlook of Global Heavy Engineering Sector

By Keshav Dussal Subscribe to RSS | March 24th 2012 | Views:

The Engineering market is one of the largest emerging markets in the global Engineering industrial sector. The sector accounts for 12% of the GDP and provides direct employment to more than 5 million people. It produces machinery and capital goods for various industries as well as components and parts. It is out of order into heavy engineering and light engineering. Wide variety of production processes like casting, forging, welding, pressing, stamping etc. are used in the sector. It is also one of the leading sectors of exports.

In the recent past, many engineering MNCs have set up business in India taking advantage of the huge pool of skilled labor in the country. It is assorted with different number of segments which are categorized into two types respectively, Heavy engineering and light engineering. The competence requirements are high but it is highly disjointed at lower level and is conquered with small players. In developing countries manufactures a wide range of products, with heavy engineering goods by using mass production system. Most of the leading players are always try to engage in the production of high value products by using high technology in Heavy Engineering industrial sector. High investment capital is one of the major entry barriers in this particular set of business area. As a result unorganized small firms have a tiny market existence.

On the other hand the light engineering industry market is occupied with low end technology. Barriers are less as compared to heavy engineering in case of capital as well as technology. This segment is cover by small and unorganized players with less value products. If we look towards the global development in various countries, the engineering sector in world has been growing on the reverse of expansion in the user industries and several new projects being undertaken in various core industries such as railways, power, infrastructure, etc. Capacity creation in sectors such as infrastructure, oil & gas, power, mining, automobiles, auto components, steel, refinery, consumer durables, etc, is driving growth of the engineering industry.

The heavy engineering sector shows two types segment one is capital goods or machinery segment and second one is equipment segment. The capital goods market cover up by power generation, transmission and distribution equipments such as generators and motors, transformers and switchgears. Non capital goods or machinery includes machines or equipments used in various sectors such as material handling equipments boilers. The industry has also managed to successfully develop advanced manufacturing technology over the years. India is one of the major exporters of heavy and light engineering goods, producing a wide range of items. The bulk of capital goods required for power projects, fertilizer, cement, steel and petrochemical plants and mining equipment are made in India.

Almost all players are always expect demand in this sector to remain healthy primarily on the account of all country government constantly trust on infrastructure development. The continuous enlargement of the mechanized sector and encouraging regulatory policies would make available further boost up to the sector’s growth. Every year every government allot near about 60% to 70% amount to infrastructure sector. This result shows the every year fresh and bulky investment for this particular sector.

Now days the developing countries are showing a positive results in case of engineering sector. The major contribution have made in the world development which reflects future overall outlook and growth of engineering industry sector.

Keshav Dussal - About Author:
Keshav Dussal is the author of this article. He has been demonstrating his writing skills by writing the articles for B2B marketplace reports from last two years. He also has a keen interest in writing stuff for Company profile related topics. He has written various articles on

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

E-Procurement Software is ensures business internet presence
Published by Nairapost on January 9th 2012 | Business
Though, E-Procurement Software contains mixed variety for securing on-line marketer accession to the...
Business News in Hindi- Making business easier
Published by Poojarajput on June 1st 2012 | Business
Every individual today, is keen on knowing what is happening around them and across the globe. It ha...
Service Uncle’s Free Business Listings to give boost to Service Industry business
Published by Uncleservice on December 26th 2011 | Business
Service Uncle, the world’s 1st online portal … exclusively for Services, is a unique combination...
Financial management of a small business
Published by Adam Walker on April 11th 2012 | Business
Small business owners tend to many times think that it is best to do all the work by themselves. Tha...
Strategies for small business marketing
Published by Marketingspace on July 12th 2012 | Business
What do you understand by the term small business corporation? Generally the most common answer to t...
B2B business portal can attract customers with Mobile Marketing
Published by Uncleservice on February 25th 2012 | Business
B2B business plan creation is now days a creative and fully technical task. A successful B2B busines...
Varieties of Air conditioning installation Perth available in market
Published by Customisedair on March 7th 2012 | Business
Modern technologies & inventions have changed our life completely. Today all the accessories we are ...
Outsource Title Processing Services for getting additional business
Published by Amitaabh Saboo on January 16th 2012 | Business
As an autonomous mortgage loan instigator, there are a lot of advantages which you are able to achie...
Get all the precision measurement and calibration equipment you need ffor your business all under one roof
Published by Rossbrown Sales on January 17th 2012 | Business
Get all the precision measurement and calibration equipment you need for your business all under one...
Find business gas prices and save money
Published by Ashish Pandey on December 28th 2011 | Business
Saving money on the business gas can be very beneficial to take off your business. By getting the pr...
Get supported for any issue in your business round the clock!
Published by Rita on March 28th 2012 | Business
Dreaming about being a No.1 Business Man in the world? An idea of expanding the business globally ke...
Compete to Win can provide you with superior business planning London
Published by James Blee on June 16th 2012 | Business
Founded in 1997 Compete to Win is a specialist consultancy that provides assistance in all areas of ...
Why should businessmen read Indian business news
Published by Nidhigupta on July 2nd 2012 | Business
Since the post-independence period, India's business and trade economy has grown and has flourished ...
Industrial Heating is an essential part of any business whether you are heating an office or a factory
Published by Mary Porter on June 18th 2012 | Business
Most people take for granted the heating systems in their companies until something goes wrong. The ...
How access control can protect your business
Published by on January 9th 2012 | Business
Access control comes in a variety of forms. You may choose to give your employees magnetic swipe ca...
Voice broadcasting services enhance your business prospects
Published by Snooozy on February 7th 2012 | Business

Voice Broadcasting defines a telephonic message which can be sent to hundred or thousands of peo...
Limited company advantages: the greatest defense for a business owner
Published by Crowin Smith on February 13th 2012 | Business
The business laws that govern the world of business have to be understood properly before taking fur...
Ups and Downs within CAD industry – Has it affected business?
Published by Macjohn on August 21st 2012 | Business
Auto CAD became so popular that all engineering services was christened under “CAD Services”. Ho...
Importance of shredding services in business organisations
Published by Canberra Marketing on December 3rd 2011 | Business
For any business organisation, or government outfit, keeping paper credentials containing sensitive ...
A few ways to find business gas prices at a competent level
Published by Ankit Pandey on December 5th 2011 | Business
To get the best out of your business, you need to find business gas prices at the budget level that ...