PUBLISHER: GlobalData | PRODUCT CODE: 1861087
PUBLISHER: GlobalData | PRODUCT CODE: 1861087
This report provides a detailed analysis of industrial construction projects globally, based on projects tracked by GlobalData.
GlobalData is currently tracking industrial construction projects with a total value of $5.3 trillion at all stages from announcement to execution. This pipeline mostly comprises industrial buildings, manufacturing plants, mines and mineral processing, and other related facilities. In terms of the current project pipeline value, North America accounts for the largest share, with a pipeline of $1.2 trillion, accounting for 22.7% of global project value - ahead of North-East Asia with 18.7% ($986.1 billion) and South Asia with a 11.9% share ($629.2 billion). The smallest share of the pipeline is attributed to Sub-Saharan Africa, which accounts for a 2.8% share ($146.5 billion). The pipeline is marginally skewed towards the early stages, with the share of projects in the pre-planning (announced and study) and planning stages accounting for 53.7%, while projects in pre-execution (design, tender and award) and execution stages accounting for the remaining 46.3% of the pipeline, by value. Assuming all projects in the pipeline proceed according to their schedules and spending is distributed evenly across the execution stages, annual pipeline expenditure will reach $549.5 billion in 2025, $890.7 billion in 2026 and $1.1 trillion in 2027.