Published on : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: The report is titled “Project Insight - Industrial Construction Projects in Asia-Pacific.” Due to the availability of skilled labor at a relatively lower cost in the region of Asia Pacific, vast industrialization is uprising, especially in countries with emerging economies such as China, India, Indonesia, Philippines, and South Korea. These countries have stable governments that are encouraging foreign investments to further consolidate their economy. Exploring data from nearly 1,800 projects, this report provides a detailed market analysis and information and insights for existing as well as new players in the market for industrial construction.
Segmenting the global market for industrial construction by type, stage of development, and start date by value, the report provides in-depth metrics on each country’s industrial building projects. The projects observed in this report have been consolidated into six specific sectors of metal and material production plants, metal and material processing plants, chemical and pharmaceutical plants, manufacturing plants, waste processing plants, and industrial buildings.
The prominent country-wise markets explored in this report on industrial construction projects in Asia Pacific are: Australia, China, India, Indonesia, Malaysia, Mongolia, Philippines, South Korea, Taiwan, Thailand, Vietnam, Kazakhstan, Turkmenistan, Pakistan, and Uzbekistan. The report reveals that across the 15 countries evaluated in the study, industrial projects with a total value of US$1.08 trillion have been tracked.
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The report is aimed at providing an insight into the main drivers of activities related to industrial construction in the region of Asia Pacific, supplying an understanding of emerging trends and analyzing the main project participants by value and by sector. The report has been developed in order to enable the clients to target specific products and services in each type of project. It also helps the clients gain access to important project data for various types of industrial sector buildings, with value, development state, start date, and location.
The publication has studied a vast pool of industrial construction projects in Asia Pacific with over 70% of them in pre-execution phase. One of the key highlights mentioned in this report is that India is the leading country in the region. India, the world’s second most populated country, has been exhibiting a healthy GDP over the past two decades and as a result, several industry players are aggressively investing in this emerging economy. The report reveals that India alone accounts for projects worth US$411 bn, followed by China with projects valued at US$199 bn. Indonesia comes in third with industrial construction projects worth US$123 bn.
It has also been observed that the segment of metal and material production plants dominates the market with an overall value of US$466 bn. Manufacturing plants is the second significant segment with a value of US$314 bn, followed by chemical and pharmaceutical planets, which accounts for US$137 bn.
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