
Taiwan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)
Description
Taiwan 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 Taiwan - Country Briefing (H1 2024) report provides detailed market analysis, information, and insights into Taiwan’s construction industry, including -
Over the remainder of the forecast period, Taiwan’s construction industry is expected to expand at an annual average rate of 4% between 2025 and 2028, supported by investment in semiconductor manufacturing, transport, tourism, energy, and housing. Taiwan aims to achieve net-zero emissions by 2050 and generate 20% of its electricity by renewables, 30% by coal, and 50% by gas by 2025, and this is expected to drive investment in the renewable energy sector. By 2050, Taiwan plans to generate 60-70% of electricity from renewables, with the remainder coming from gas and hydrogen. In a boost to the energy sector’s output, construction commenced on the TWD117 billion ($3.8 billion) Hai Long offshore wind project, Taiwan’s longest offshore wind project, in April 2024; the project will be implemented by a joint venture between Northland and Mitsui Group.
Scope
This report provides a comprehensive analysis of the construction industry in Taiwan. It provides -
Summary
GlobalData’s Construction in Taiwan - Country Briefing (H1 2024) report provides detailed market analysis, information, and insights into Taiwan’s construction industry, including -
- Taiwan’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 Taiwan’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.
Over the remainder of the forecast period, Taiwan’s construction industry is expected to expand at an annual average rate of 4% between 2025 and 2028, supported by investment in semiconductor manufacturing, transport, tourism, energy, and housing. Taiwan aims to achieve net-zero emissions by 2050 and generate 20% of its electricity by renewables, 30% by coal, and 50% by gas by 2025, and this is expected to drive investment in the renewable energy sector. By 2050, Taiwan plans to generate 60-70% of electricity from renewables, with the remainder coming from gas and hydrogen. In a boost to the energy sector’s output, construction commenced on the TWD117 billion ($3.8 billion) Hai Long offshore wind project, Taiwan’s longest offshore wind project, in April 2024; the project will be implemented by a joint venture between Northland and Mitsui Group.
Scope
This report provides a comprehensive analysis of the construction industry in Taiwan. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Taiwan, 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: Taiwan, Top Construction Projects by Value
- Table 3: Taiwan, Construction Output Value (Real, $ Million)
- Table 4: Taiwan, Construction Output Value (Nominal, TWD Billion)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Taiwan, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Taiwan, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: North-East Asia, Construction Output (Real % Change), 2022-28
- Figure 4: Taiwan, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Taiwan, Construction Value Add, In Chained 2016 Prices, In TWD Million
- Figure 6: Taiwan, Total Floor Area of Construction Licenses, In Thousand m2
- Figure 7: Taiwan, Total Floor Area of Construction Commencement, In Thousand m2
- Figure 8: Taiwan, Gross Fixed Capital Formation in Construction Industry (2016 Chained Prices, TWD Billion)
- Figure 9: Taiwan, Visitor Arrivals, In Thousand
- Figure 10: Taiwan, Hotel Occupancy Rate
- Figure 11: Taiwan, Wholesale and Retail Trade Sales, % Change YoY
- Figure 12: Taiwan, Sales of Food and Beverage Services (TWD Billion)
- Figure 13: Taiwan, Industrial and Manufacturing Production Indices, 2021=100, % Change YoY
- Figure 14: Taiwan, Total Exports Value ($ Billion)
- Figure 15: Taiwan, Total Floor Area of Residential Construction Commencement, In Thousand m2
- Figure 16: Taiwan, Total Floor Area of Residential Construction Licenses, In Thousand m2
- Figure 17: Taiwan, Employment in the Construction Industry, In Thousands
- Figure 18: Taiwan, Construction cost index (2021=100)
- Figure 19: Taiwan, Construction Projects Pipeline, Value by Stage ($ Million)
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