NEWSLETTER
Engineering
Department of Library Services
NSHM Knowledge Campus
Durgapur, West Bengal
Engineering, Industry &
Technology Growth of Engineering Industry in India
[Engineering & Capital Goods]
• India’s Capital Goods manufacturing
industry serves as a strong base for its
engagement across sectors such as
Engineering, Construction, Infrastructure
and Consumer goods, amongst others.
• The electrical equipment market share in
India is expected to increase from US$
52.98 billion in 2022 to US$ 125 billion by
2027, implying a robust CAGR of 11.68%.
• Market size for the Indian Construction
Equipment Market stood at US$ 7.2
billion in FY23 and is forecasted to grow
at a CAGR of 15% for next 5 years, as per
the estimates of CII.
Read More…
Source: IBEF, August 2024
Industry 4.0 - Trend Report —reflect a positive long-term trajectory in the 15
AI and machine learning are driving innovations across industriestechnology trends areas.
and functional we analyzed.
The development of AI-
specific hardware and novel algorithms enhances existing systems and address manufacturing challenges.
Read
Factories are progressively incorporating AI into their production More…
systems and processes. The advent of advanced
Source: McKinsey, July 2024
AI has opened doors for predictive maintenance, cognitive computing, swarm intelligence, context-aware
computing, smart machines, hardware accelerators, and generative design.
Read More…
Source: Startus Insights, October 2024
Technology Trends Outlook 2024
Despite challenging overall market conditions in 2023, continuing investments in frontier technologies promise
substantial future growth in enterprise adoption. Generative AI (gen AI) has been a standout trend since 2022,
with the extraordinary uptick in interest and investment in this technology unlocking innovative possibilities
across interconnected trends such as robotics and immersive reality. While the macroeconomic environment with
elevated interest rates has affected equity capital investment and hiring, underlying indicators—including
optimism, innovation, and longer-term talent needs—reflect a positive long-term trajectory in the 15 technology
trends we analyzed.
Read More…
Source: McKinsey, July 2024
Industry Outlook 2024: Challenges, Opportunities and Trends to Watch in Six Sectors
Companies have been on a rollercoaster ride for the past few years as the pandemic, soaring commodity prices,
high interest rates and political disruption have resulted in good profits for many and bankruptcy for a few. Most
of these factors will persist into 2024 in a more muted form but accompanied by the added twist of accelerated
climate change and El Niño. The year—expected to be the hottest on record—will focus minds on efforts to
reduce emissions, rebooting investment into renewables and electric vehicles (EVs). It will also increase demand
for products to minimise the effects of climate change, such as air conditioning and the electricity needed to
power it.
Read More…
Source: Economist Intelligence, October 2023
Energy, Biochemical; Oil,
Gas - Industry
2025 Renewable Energy Industry Outlook
[Renewables race to fill resource gap as demand for clean energy is outpacing supply]
Demand growth is a rising tide that lifts all boats, and it especially lifted renewable ones in 2024. Renewables
were already buoyed by record public and private investment in, and demand for, clean energy that set the stage
for continued growth in 2024.1 Utility-scale solar and wind capacity additions were the largest across all primary
generation sources, accounting for close to 90% of all new builds and expansions in the first nine months of 2024,
versus 57% of capacity added for the same period in 2023, according to Deloitte analysis of data from the Federal
Energy Regulatory Commission.
Read More…
Source: Deloitte, December 2024
Independent Market Report on Biorefinery Chemicals
The market for bio-based chemicals in 2023 was valued at USD 97.2 billion, expected to be growing at CAGR
of 10.4%, for the next five years from 2023 to 2028. In 2028, the market is expected to reach a value of USD
159.3 billion.
Asia-Pacific is the largest market & the demand for bio-based chemicals in this region is growing substantially,
especially in areas of industrial chemicals and pharmaceuticals. Government policies towards business
sustainability programs, intensive fluctuations in crude oil prices, and usage of eco-friendly products are the key
reasons for growth in European and North American markets. Asia is more prominent and growing because of
the availability of raw materials and technological initiatives.
Read More…
Source: Frost & Sullivan, May 2024
2025 Oil and Gas Industry Outlook
[Focus on capital discipline, increasing customer centricity, and investments in new technologies may help
companies navigate economic, geopolitical, and regulatory uncertainties in 2025]
In 2024, the crude oil and natural gas market navigated a complex landscape of controlled OPEC+ supply and
variable demand, heightened geopolitical tensions, macroeconomic weakness, and a continued focus on energy
transition. This resilience is reflected in the stability of oil prices: Brent crude oil prices exhibited a minimal
average monthly change and a monthly range-bound movement between US$74 and US$90 per barrel in 2024,
making 2024 one of the most stable years in the past 25 years. Globally, the oil and gas industry distributed nearly
US$213 billion in dividends and US$136 billion in buybacks between January 2024 and mid-November 2024.
Read More…
Source: Deloitte, December 2024
Useful Link:
India’s Green Hydrogen Revolution - An Ambitious Approach
Source: EY & Ministry of New & Renewable Energy, Govt. of India, May 2024
Construction, Infrastructure
Manufacturing
2025 Engineering and Construction Industry Outlook
[Construction firms are likely to find reasons for optimism in 2025]
The construction industry in 2024 was defined by strong fundamentals, marked by a 10% increase in nominal
value added and a 12% increase in gross output. Construction spending crossed US$2 trillion and maintained a
balanced trajectory in the first half of 2024. Despite facing a pervasive talent shortage, the sector’s employment
level reached 8.3 million in July 2024, surpassing its previous peak of 7.7 million from 2006. This number has
been increasing steadily for more than a year now. The Dodge Momentum Index (DMI), a measure of non-
residential building spending, has been on a steady rise in the second quarter of 2024, reflecting growing
confidence in market conditions among owners and developers.
Read More…
Source: Deloitte, August 2024
2025 Manufacturing Industry Outlook
[Manufacturers prioritize targeted investments in their digital and data foundation to boost innovation and
tackle ongoing skills gap and supply chain challenges]
In 2024, US manufacturing experienced continued investment even as higher interest rates and a challenging
business environment have created obstacles to near-term industry growth. Deloitte’s analysis of S&P Global
data reveals that while 2024 began with the manufacturing purchasing managers’ index (PMI) moving into
expansion for the first time since April 2023,1 which continued for the first half of the year, weaker demand
nudged the PMI back into contraction in July 2024.2 In addition, the November 2024 PMI report identified an
ongoing combination of falling orders and rising customer inventories, which could signal the need for
manufacturers to further cut production in the coming months.
Read More…
Source: Deloitte, August 2024
Public Private Partnership Projects in India
• List of Infrastructure Projects - India
No. of Projects in this Report: 9242; Total Project Cost (in Rs Crore): 6813008.32
• List of all PPP Projects – India
No. of Projects in this Report: 1825; Total Project Cost (in Rs Crore): 2,495,568.44
• Projects Recommended by the Public Private Partnership Appraisal Committee (PPPAC)
• PPP Consolidated Projects
Source: Department of Economic Affairs, Govt. of India
Useful Links:
Manufacturing - India | Metals & Mining – India | Infrastructure - India
Source: IBEF, August 2024
India Real Estate: A Decade from Now
Source: Knight Frank & Confederation of Indian Industry (CII), April 2024
AI, Data Centre, Robotics
& Technology
Technology Report 2024: Technology Meets the Moment as AI Delivers Results
In 2024, the technology sector moved firmly into the AI phase of computing. Cloud service providers, enterprises,
and technology vendors are spending more on AI than ever, and adoption rates are high. But skeptics are wary of
AI’s return on investment. The resilience of today’s leaderboard may be partly due to the benefits of scale.
However, today’s technology leaders may also be skillful at identifying disruption and reinventing their
businesses in ways that allow them to move from one strength to another.
Read More…
Source: Bain & Company, September 2024
Algorithms vs Applications: The AI Investment Perspective
Companies involved in large language models (LLMs), chip manufacturing and data centres have attracted
substantial funding and experienced remarkable growth in recent months. However, a major challenge to fully
realising AI’s economic potential is the extent of its adoption in businesses. Amid this transition, investors are
assessing how the AI industry will transform over the next decade. Will AI developers (which create AI
technologies and applications, algorithms, frameworks, and tools) continue to deliver most of the value or will
adopters (which use AI solutions to enhance business processes or offerings) generate greater returns?
Read More…
Source: Economist Impact, November 2024
Telecom - Trend Report
The telecom industry is advancing rapidly driven by the need for higher data capacity, ultra-low latency, and
enhanced network resilience. Emerging technologies such as 5G, edge computing, artificial intelligence (AI)-
driven network management, and Internet of Things (IoT) enhance communication infrastructures. These
innovations enable telecom providers to optimize network performance, improve automation, and deliver new
service models across industries.
Read More…
Source: Startus Insights, October 2024
The Strategic Role of Data Centres in Empowering India’s Digital Revolution
The rise of emerging technologies such as artificial intelligence (AI), internet of things (IoT) and 5G is pushing
the demand higher for robust and scalable infrastructure required for data storage and processing. India is one of
the fastest growing markets in terms of data usage in both consumer as well as enterprise segment. It is reported
that Indians will consume the most data in the world by 2028, ahead of developed markets such as the US,
Western Europe and China.1 Similarly in the enterprise segment, the big data analytics industry in India is
expected to grow to eight times the current levels, and expected to reach USD 16 billion by 2025 from the current
level of USD 2 billion.2 This reflects phenomenal growth in data usage.
Read More…
Source: PWC, June 2024
Hype Cycle for Artificial
Intelligence, 2024
Investment in AI has reached
a new high with a focus on
generative AI, which, in most
cases, has yet to deliver its
anticipated business value.
This research helps AI leaders
to identify other techniques
worthy of the investment by
profiling a wide range of AI
innovations, many of which
are advancing fast.
Read More…
Source: Gartner, Jun 2024
Generative AI: From Hype to Value
The next frontier in AI development is taking the developed capabilities more directly to users. While many AI
applications run in centralized environments, taking AI processing closer to dispersed sources of data enables
real-time inferencing, which is using trained AI models to make predictions, key to using GenAI for real-time
control. The transition requires optimizing model size and resource requirements to run effectively in the lower
level of resources that are typical of edge environments. An edge environment describes a situation where data is
stored closer to its source instead of in a centralized location. Model distribution and life-cycle management also
present challenges as connectivity with training environments can be limited.
Read More…
Source: Bain & Company, September 2024
Useful Link:
2024 India Data Centre Outlook: Artificial Intelligence Set to Propel Sector’s Rapid Growth
Source: JLL, May 2024
India – Robotics Revenue
Source: Statista Market Insights, August 2024
Electronics &
Semiconductors
State of the Semiconductor Industry: Trends and drivers shaping the semiconductor landscape
Memory ICs have been the fastest-growing semiconductor category over the past two decades, with DRAM and
HBM standing out. DRAM will account for 14% of total semiconductor revenue in 2024, while HBM, optimized
for high-performance parallel computing and AI workloads, is expected to grow rapidly with a 64% CAGR in bit
growth and a 58% CAGR in revenue through 2028. HBM enhances AI application performance by leveraging
high throughput and low latency, as seen in NVIDIA and AMD GPUs.
Read More…
Source: PWC, November 2024
Electronics Manufacturing Services - Sector Thematic
To elevate India as a premier global destination for electronics manufacturing, the government has implemented
a comprehensive set of incentives aimed at improving critical infrastructure and reducing manufacturing and
capital expenditure costs. These initiatives are poised to propel strong growth (expected at 30% or more) in India’s
nascent EMS industry, potentially elevating its share in the global EMS market from 2% to 7%. This growth is
underpinned by several factors, including (1) large captive demand; (2) the proliferation of electronics in everyday
products; (3) import substitution strategies; and (4) rising exports.
Read More…
Source: HDFC Securities, March 2024
Electronics Trend Report
The semiconductor industry has been reliant on silicon for decades, but there is a limit to how far you can etch,
lithograph, & pattern a silicon material. As a result, innovation to increase the performance of integrated circuits
is coming from new materials & architectures. Startups & scaleups are developing silicon alternatives & other
semiconductor materials or composites such as graphene & nanomaterials for high performance & efficiency.
Read More…
Source: Economist Impact, November 2024
The Rise of India’s Semiconductor Startups Report 2024
India's Semiconductor Future: A Blueprint for Triumph –
• $150 bn+ total market opportunity for semiconductors in India by 2030
• $21 bn+ ai semiconductor market opportunity in India by 2030
• 50% of semiconductor manufacturing cost setup to be fulfilled by the central government
• 2.4x yoy growth in Indian semiconductor startup launches since 2014
Read More…
Source: InC42 Datalabs, July 2024
Useful Links:
Electronics System Design & Manufacturing
Source: IBEF, August 2024
INDUSTRIAL ROBOTICS – Tracxn Feed Report
Source: Tracxn, November 2024
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