Project Insight - Industrial Construction Projects: Europe
Europe’s industrial sector output has grown slowly in recent years compared to that of other regions, particularly Asia-Pacific.
Higher production costs and a slow growth domestic market compared with Asia-Pacific has slowed investment in industrial construction projects. The smaller EU economies such as Ireland, Slovenia, Poland and Romania have experienced growth above 10% in industrial production for the year to October 2017 but the major economies have struggled to achieve sustained growth. In the EU28 countries, industrial production grew by 0.3% monthly and by 4.2% year on year to October 2017.
This report provides detailed analysis, information and insights based on 863 CIC projects in Europe, including detailed metrics on the region's industrial construction projects (as tracked by CIC) split by 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 Russia, Germany and the UK.
Timetric’s Construction Intelligence Center (CIC) is currently tracking industrial construction projects in Europe with a total value of US$295.1 billion. Of this, US$106.3 billion is in the planning stage.
Russia accounts for the highest value with US$164.8 billion, followed by Germany with projects valuing US$19.7 billion. The UK and Belarus follow with industrial projects with a value of US$18.5 billion and US$11.0 billion respectively.
Europe's highest project investment is in manufacturing plants with a value of US$100.9 billion followed by chemical and pharmaceutical plants with a value of US$87.8 billion.
The largest projects currently in the pipeline are the US$11.5 billion Svobodnensky Gas Chemical Complex in Russia and the US$11.2 billion Battery Manufacturing Plant in Germany.
The report provides analysis based on CIC projects showing total project values for Europe and analysis by stage and funding for the top 10 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 manufacturing plants, metals and materials production and processing and chemical and pharmaceutical plants.
Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
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