
Panama Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)
Description
Panama Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)
Summary
GlobalData’s Construction in Panama - Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information, and insights into Panama's construction industry, including -
GlobalData expects the construction industry in Panama to record an annual average growth rate of 5.3% between 2024 and 2028, supported by investments in transport, renewable energy, green hydrogen, and telecommunication infrastructure projects. The government is undertaking a $2.8 billion railway infrastructure project that involves the construction of a 24.5km Panama Metro Line 3 line between Albrook to Ciudad del Futuro, with a 6km tunnel section under the Panama Canal. As of February 2024, civil works on the Panama Metro Line 3 were 50% complete, according to Panama Metro, which is a state-owned company responsible for implementing infrastructure works and providing equipment necessary for operation of the Metro system in the city of Panama. Construction works are expected to be completed by 2027. The government is also focusing on attracting investors in its green hydrogen sector by providing various policy incentives, such as exemption from import taxes on required equipment for renewable hydrogen production projects.
Scope
This report provides a comprehensive analysis of the construction industry in Panama. It provides -
Summary
GlobalData’s Construction in Panama - Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information, and insights into Panama's construction industry, including -
- Panama's construction industry's growth prospects by market, project type, and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Panama's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the construction industry in Panama to record an annual average growth rate of 5.3% between 2024 and 2028, supported by investments in transport, renewable energy, green hydrogen, and telecommunication infrastructure projects. The government is undertaking a $2.8 billion railway infrastructure project that involves the construction of a 24.5km Panama Metro Line 3 line between Albrook to Ciudad del Futuro, with a 6km tunnel section under the Panama Canal. As of February 2024, civil works on the Panama Metro Line 3 were 50% complete, according to Panama Metro, which is a state-owned company responsible for implementing infrastructure works and providing equipment necessary for operation of the Metro system in the city of Panama. Construction works are expected to be completed by 2027. The government is also focusing on attracting investors in its green hydrogen sector by providing various policy incentives, such as exemption from import taxes on required equipment for renewable hydrogen production projects.
Scope
This report provides a comprehensive analysis of the construction industry in Panama. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Panama, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Panama, Top Construction Projects by Value
- Table 3: Panama, Construction Output Value (Real, $ Million)
- Table 4: Panama, Construction Output Value (Nominal, $ Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Panama, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Panama, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: Latin America, Construction Output (Real % Change), 2022-28
- Figure 4: Panama, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Panama, Construction Value Add ($ Million, 2018 Constant Prices)
- Figure 6: Panama, Total Construction Area of the Main Municipalities in the Republic (m2)
- Figure 7: Panama, Total Value of Goods Exports ($ Million)
- Figure 8: Panama, Total Visitors Arrival (in Thousands)
- Figure 9: Panama, Real estate, Business and Rental Activities Value-Add ($ Million, 2018 Constant Prices)
- Figure 10: Panama, Construction Projects Pipeline, Value by Stage ($ Million)
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