Project Insight - Global Industrial Construction Projects
Global economic growth is strengthening, according to the International Monetary Fund (IMF), with growth of 3.7% forecast in 2018 and 2019. This recovery is being supported by stronger industrial production growth and increased oil and commodity prices, which underwrites many economies. The global industrial projects pipeline, as tracked by the Construction Intelligence Center (CIC), is worth US$2.28 trillion. Asia-Pacific dominates with projects valued at US$1.13 trillion, followed by the Americas with projects valuing US$487.0 billion.
This report provides detailed analysis, information and insights based on 4,059 CIC projects globally, including detailed metrics on industrial construction projects (as tracked by CIC) split by region, country and value and by six types of project including manufacturing plants, metals and materials production and processing and chemical and pharmaceutical plants. Country profiles are provided for the top 10 countries including India, the US and China.
Timetric’s Construction Intelligence Center (CIC) is currently tracking industrial construction projects globally with a total value of US$2.28 trillion. Of this, US$1.06 trillion is in the planning stage. Asia-Pacific accounts for the highest value with US$1.13 billion, followed by the Americas with projects valuing US$487.0 billion.
The Middle East and Africa follow with projects with a value of US$359.6 billion and Europe has projects valued at US$295.1 billion. Globally. India heads up industrial project investment with US$376.7 billion followed by the US with projects valuing US$305.9 billion.
Manufacturing plants is the highest category value of projects with US$703.2 billion followed by chemical and pharmaceutical plants with US$525.5 billion.
The largest projects currently in the pipeline are the US$30.0 billion Nanjing Semiconductor Manufacturing Plant in China, followed by the US$28.0 billion Tanah Kuning Industrial Park Integrated Ferronickel Complex in Indonesia.
The report provides analysis based on CIC projects showing total project values for Global markets and the regions giving analysis by stage and funding for the top ten countries.
The top 50 projects are listed for the region giving country, stage, value and type of industrial construction. Values by six types of project categories are given, including chemical and pharmaceutical plants, and manufacturing plants.
Ranked listings of the top participants for the sector are also provided for the regions showing the leading contractors, consulting engineers and project owners.
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