Published on : Apr 18, 2017
Albany, New York, April 18, 2017: The 82-page research publication offers comprehensive insights into the main infrastructure sectors viz. railways, roadways, water and sewerage, electricity and power, ports and airports, and communication. The present state of these infrastructures has been assessed in detail, while shedding light on current and future spending in these sectors. The barriers and drivers and key projects have also been highlighted in the report.
The study states that the value of the global infrastructure market was pegged at US$3.1 trillion in 2016 and will register an annual growth rate of 6.0% through 2020 to reach US$4.2 trillion. Spending on infrastructure is closely linked to a nation’s gross domestic product (GDP). During the 2016–2020 period, the annual average growth is projected to be 3.0%, which has been an improvement from that of the 2011 to 2015 period.
The total infrastructure spending around the world is made up majorly of developing economies, which accounted for a whopping 62.0% in 2016. This is expected to rise to 66.0% by the end of the forecast period. Accounting for 29.0% of the world’s spending on infrastructure, China is a major contender in the market and is expected to register an annual growth rate of 10.5% till 2020.
The report finds that there are more than 12,700 private and public large-scale infrastructure projects being undertaken around the world, amounting to worth more than US$14 trillion. Of these, most projects are being carried out in the power and electricity sector, amounting to US$5.4 trillion. Railways form the second-largest industry wherein infrastructure projects are being undertaken, amounting to US$5.2 trillion. Coming in third are roadways with US$1.9 trillion, with airports and ports and water and sewerage following suit at US$1.2 trillion and US$421.5 billion respectively.
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Offering a detailed evaluation of the present spending on infrastructure around the world, the report takes into account the market share as well as projected growth till the end of the forecast period based on region, country, and sector. In addition to this, analysts have also identified the main drivers and restraints impacting infrastructural growth. They discuss aspects such as gaps in infrastructure needs, demographics, investments in different regions, quality of infrastructure base, level of public finances, public-private partnership funding in infrastructure, and cancelled infrastructure projects.
The report presents an in-depth assessment of the project pipeline for each of the infrastructure sectors discussed, taking into consideration at which stage of completion each project is at present and the various methods of funding involved. It also offers a comprehensive look at the growth prospects of upcoming projects in various sectors.
The different countries covered in the report include India, the U.K., the Philippines, Qatar, Malaysia, Nigeria, Ethiopia, China, the U.S., Russia, Indonesia, the Slovak Republic, Colombia, Myanmar, and Peru.
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