The Construction in Singapore - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into Singapore’s construction industry, including :
- Singapore’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Singapore’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Over the remainder of the forecast period, between 2025 and 2028, The analyst expects Singapore’s construction industry to register an annual average growth rate of 4.1%, supported by investments in transport, renewable energy, and water infrastructure projects, coupled with the government’s aim to deploy at least 2GW-peak of solar energy by 2030 and reach carbon neutrality by 2050. In late August 2024, the Australian government approved the SGD18.3 billion ($13.5 billion) cable project to ship energy from Australia to Singapore through a 4,300km undersea cable project by 2030. Previously, in May 2024, the government reported that an undersea cable project connecting Singapore to Malaysia spanning 720km is under study phase and is expected to be completed by 2031. In another boost to the construction industry’s output, in June 2024, the government launched a tender for expansion of the Changi Water Reclamation Plant in Changi. This project will include a cost of SGD2 billion ($1.5 billion) and will involve the construction of a water treatment plant to expand the capacity of this plant by up to 96 million gallons per day (mgd) by 2030, from 246 mgd currently.
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides :
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Singapore, 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 the analyst'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 the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures