Industrial Construction Project Insights and Analytics (Q1 2024)
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Industrial Construction Projects Report Overview
The total value of industrial construction projects is $4.6 trillion in Q1 2024 at all stages from announcement to execution. This pipeline mostly comprises industrial buildings, manufacturing plants, mines and mineral processing, and other related facilities. There has been a continued focus on climate change-related technology, such as electric vehicle manufacturing, along with investment in high-tech products. In addition, high commodity prices have accelerated investment in primary industry construction.
The industrial construction projects research report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects.
Market Size (Q1 2024) | $4.6 Trillion |
Key Regions | · North America
· North-East Asia · South Asia · South-East Asia · Middle East and North Africa |
Key Funding Mode | · Private
· Public · Public/Private |
Leading Contractors | · Austin Industries Inc
· Bechtel Construction Company, Inc. · Exyte GmbH · Sinopec Engineering · Galfar Engineering & Contracting |
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Industrial Construction Projects Segmentation by Regions
The key regions with industrial construction projects in the pipeline are North America, Northeast Asia, South Asia, and Middle East and North Africa (MENA), among others. In Q1 2024, North America holds the largest industrial construction projects pipeline share.
North America: The US largely dominates the North American industrial construction pipeline. The industrial construction project pipeline outlook for North America looks strong over the next 5 years. The continued “re-shoring” and increased dynamism to move technology supply chains away from Asia and China is the main reason behind this growth. Industrial construction will be further bolstered over the longer term by the CHIPS and Science Act, and the Inflation Reduction Act. Under the Biden-Harris Administration, private companies have announced billions, to invest in industries such as semiconductors and electronics, EVs, and batteries among others. The largest project in the pipeline is the $100 billion “Clay Semiconductor Fabrication Facility” project in New York, US.
Industrial Construction Projects Analysis by Region, Q1 2024 (%)
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Industrial Construction Projects by Funding Modes
The key funding modes supporting industrial construction projects are public, public/private, and private. The private funding mode accounts for the majority share of the industrial construction projects in Q1 2024. It was followed by public mode.
Industrial Construction Projects Analysis by Funding Modes, Q1 2024 (%)
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Industrial Construction Projects – Competitive Landscape
The leading contractors involved in the global industrial construction projects pipeline are:
- Austin Industries Inc
- Bechtel Construction Company, Inc.
- Exyte GmbH
- Sinopec Engineering
- Galfar Engineering & Contracting
Industrial Construction Projects Analysis by Contractors, Q1 2024 (%)
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Industrial Construction Projects- Latest Developments
- In November Q1 2024, the Danish pharmaceutical company Novo Nordisk announced its plan to expand its existing production facilities to create additional product capacity in Kalundborg, Denmark with an investment of $6.1 billion.
- The Japanese food company Nissin Foods announced plans to build its third US manufacturing facility in Greenville County, South Carolina, US, in November Q1 2024. The facility will be built over an area of 59,518m2 with an investment of $228 million.
Industrial Construction Projects Segmentation
Industrial Construction Projects Regional Outlook (Value, $ Trillion)
- North America
- Northeast Asia
- South Asia
- Middle East and North Africa (MENA)
- Southeast Asia
- Western Europe
- Eastern Europe
- Latin America
- Australasia
- Sub-Saharan Africa
Industrial Construction Projects Funding Mode Outlook (Value, $ Trillion)
- Public
- Public/Private
- Private
Scope
- The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region are listed giving the country, stage, and value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers, and project owners.
Reasons to Buy
- Gain insight into the development of the industrial buildings construction sector.
- Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Table of Contents
Frequently asked questions
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What is the total value of the industrial construction projects in Q1 2024?
The total value of industrial construction projects is $4.6 trillion in Q1 2024.
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Which region held the largest share of the industrial construction projects pipeline value?
North America holds the largest share of the global pipeline in Q1 2024.
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Which funding mode held the highest share of the industrial construction projects?
The private funding mode accounts for the majority share of the industrial construction projects in Q1 2024.
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Which are the major contractors operating in the industrial construction projects?
The leading contractors involved in the industrial construction projects are Austin Industries Inc, Bechtel Construction Company, Inc., Exyte GmbH, Sinopec Engineering, and Galfar Engineering & Contracting among others.
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