Ecuador Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
The Ecuador construction market size was $15.5 billion in 2021 and is projected to achieve an AAGR of more than 3% during 2023-2026. The Ecuador construction market research report provides detailed market analysis, information, and insights into the Ecuador construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Ecuador construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
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Ecuador Construction Market Segmentation
The key sectors in the Ecuador construction market are residential construction, commercial construction, industrial construction, infrastructure construction, energy and utilities construction, and institutional construction.
Residential construction: The growth in the residential sector will be supported by an improvement in real estate activities, coupled with the government’s focus on developing affordable housing projects in order to address the country’s housing shortage.
Commercial construction: The sector is expected to rebound due to a gradual recovery in tourism and retail activity and the low base effect concerning 2021. The sector is expected to register growth owing to the increased tourist arrivals in the country and the Ministry of Tourism’s 2022 Promotion Plan, which was unveiled in February 2022.
Industrial construction: The growth in this sector will be supported by a recovery in economic conditions, coupled with an improvement in manufacturing activities and investment.
Infrastructure construction: The project types in this sector will be supported by public and private sector investment in road and rail infrastructure projects. In August 2021, the government announced a multi-billion infrastructure plan in order to reconstruct roads and rehabilitate railroads by 2025.
Energy and utilities construction: The sector will be supported by ongoing developments in the renewable energy sector to achieve the government’s plan to increase the share of renewable energy, investment, and new initiatives to develop water infrastructure.
Institutional construction: The growth in this segment will be driven by the government’s new initiatives to strengthen the educational sector, coupled with the completion of healthcare and educational public sector works.
Ecuador Construction Market Analysis, by Sectors
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Ecuador Construction Market Segmentation by Construction Projects
The key projects in the Ecuador construction market are Eloy Alfaro Pacific Refinery and Petrochemical Complex Development, Santiago Hydroelectric Power Plant 2,432.70MW, Esmeraldas Refinery Upgrade, San Lorenzo to Duran Rail Line Rehabilitation, Quito Metro System, Ciudad del Conocimiento Development, Cardenillo Hydro Power Plant 595.65MW, Shushufindi–Aguarico Oil Field Redevelopment, Posorja Multi-Purpose Port Development, and Rumichaca–Riobamba Freeway.
Ecuador Construction Market, by Construction Projects
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Ecuador Construction Market Report Overview
| Market Size (2021) | $15.5 billion |
| AAGR (2023-2026) | >3% |
| Key Sectors | Residential Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Commercial Construction |
| Key Construction Projects | Eloy Alfaro Pacific Refinery and Petrochemical Complex Development, Santiago Hydroelectric Power Plant 2,432.70MW, Esmeraldas Refinery Upgrade, San Lorenzo to Duran Rail Line Rehabilitation, Quito Metro System, Ciudad del Conocimiento Development, Cardenillo Hydro Power Plant 595.65MW, Shushufindi–Aguarico Oil Field Redevelopment, Posorja Multi-Purpose Port Development, and Rumichaca–Riobamba Freeway |
Scope
This report provides a comprehensive analysis of the construction industry in Ecuador. It provides –
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Ecuador, 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
Reasons to Buy
- 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
List of Tables
List of Figures
Frequently Asked Questions
The construction market in Ecuador was valued at $15.5 billion in 2021.
The construction market in Ecuador is projected to achieve an AAGR of more than 3% during 2023-2026.
The key sectors in the Ecuador construction market are residential construction, commercial construction, industrial construction, infrastructure construction, energy and utilities construction, and institutional construction.
The key projects in the Ecuador construction market are Eloy Alfaro Pacific Refinery and Petrochemical Complex Development, Santiago Hydroelectric Power Plant 2,432.70MW, Esmeraldas Refinery Upgrade, San Lorenzo to Duran Rail Line Rehabilitation, Quito Metro System, Ciudad del Conocimiento Development, Cardenillo Hydro Power Plant 595.65MW, Shushufindi–Aguarico Oil Field Redevelopment, Posorja Multi-Purpose Port Development, and Rumichaca–Riobamba Freeway.
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