Project Insight: Industrial Construction Projects - Europe
Summary
Construction Intelligence Center (CIC) is currently tracking industrial construction projects in Europe with a total value of US$339.8 billion. Of this, US$153.6 billion is in the planning stage and US$109.9 billion is in the execution stage. Russia accounts for the highest value with US$193.8 billion, followed by the UK with projects valuing US$26.8 billion. Germany and Belarus follow with industrial construction projects with a value of US$19.3 billion and US$14.1 billion respectively. The highest value projects in Europe are the US$20.0 billion Ust-Luga Gas Chemical Production Plant project and the US$12.0 billion Mayskiy Polyethylene Terephthalate Production Complex both located in Russia.
According to CIC analysis, Europe has the lowest investment of all the regions in industrial construction, which reflects its position as a mature but slow-growth economic area. Industrial production in the EU is on a downward trajectory, falling by 0.5% in December 2018 compared with November 2018, and down by 0.9% in the Eurozone over the same period. Compared with December 2017, industrial production in the Eurozone decreased by 4.2% in December 2018 and by 2.7% for the European Union’s 28 countries (EU28). However, average industrial production for 2018 rose by 1.1% in the euro area and by 1.3% in the EU28 compared with 2017.
Key Highlights
Scope
Reasons to Buy
Summary
Construction Intelligence Center (CIC) is currently tracking industrial construction projects in Europe with a total value of US$339.8 billion. Of this, US$153.6 billion is in the planning stage and US$109.9 billion is in the execution stage. Russia accounts for the highest value with US$193.8 billion, followed by the UK with projects valuing US$26.8 billion. Germany and Belarus follow with industrial construction projects with a value of US$19.3 billion and US$14.1 billion respectively. The highest value projects in Europe are the US$20.0 billion Ust-Luga Gas Chemical Production Plant project and the US$12.0 billion Mayskiy Polyethylene Terephthalate Production Complex both located in Russia.
According to CIC analysis, Europe has the lowest investment of all the regions in industrial construction, which reflects its position as a mature but slow-growth economic area. Industrial production in the EU is on a downward trajectory, falling by 0.5% in December 2018 compared with November 2018, and down by 0.9% in the Eurozone over the same period. Compared with December 2017, industrial production in the Eurozone decreased by 4.2% in December 2018 and by 2.7% for the European Union’s 28 countries (EU28). However, average industrial production for 2018 rose by 1.1% in the euro area and by 1.3% in the EU28 compared with 2017.
Key Highlights
- The total pipeline of projects is valued at US$339.8 billion with US$50.6 billion being spent in 2019 and US$74.7 billion in 2020.
- The highest value of projects are at the planning stage with a total value of US$153.6 billion, followed by projects in execution with US$109.9 billion.
- Projects in the pre-execution stage amount to US$52.7 billion, while those at the pre-planning stage total US$23.4 billion.
- Assuming all projects in the current pipeline proceed as planned, spending will reach US$74.7 billion in 2020 and fall to US$20.3 billion in 2023. The highest value of project completions will be in 2021, with a value of US$60.8 billion.
- The top contractors in the region are VINCI Construction based in France and Uhde Inventa-Fischer based in Germany. The top engineers are NIPIgazpererabotka based in Russia and McDermott International headquartered in the US.
Scope
- The report provides analysis based on CIC projects showing total project values for Europe and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving country, stage, value of industrial construction.
- Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries including Russia, the UK, and Germany.
- The value is also provided for six types of industrial project by stage.
Reasons to Buy
- Gain insight into the development of the industrial construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries 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
1. OVERVIEW
2. PROJECT ANALYTICS BY COUNTRY
3. ABOUT THE AUTHOR
List of Tables
List of Figures
