The analyst expects the Russian construction industry to decline in real terms by 1.7% in 2026 and 0.4% in 2027, due to the effect of a prolonged Russia-Ukrainian war, increasing labor shortages, rising construction material costs, elevated inflation rates, and a weaker industrial market. According to the Federal State Statistics Service (Rosstat), the average industrial production index declined by 3.7% year on year (YoY) in 2025, while the average manufacturing production index declined by 5.1% YoY during the same period. In January 2026, all 27 European Union (EU) member states approved a regulation to gradually phase out imports of Russian pipeline gas and liquefied natural gas (LNG). A full ban will take effect for LNG imports from the beginning of 2027 and for pipeline gas imports from autumn 2027, which will negatively affect the construction industry’s output.
Over the remainder of the forecast period, the Russian construction industry is projected to record an annual average growth rate of 2.8% between 2028 and 2030, supported by investments in industrial, transport infrastructure, and renewable energy projects, coupled with the government’s aim to build up to 34 new nuclear power plants by 2042 in line with its target to increase the share of nuclear power in the country’s energy mix from 18.9% in 2023 to 23.5% by 2042. In February 2026, the Russian Ministry of Energy estimated that the country required RUB50 trillion ($557.6 billion) to implement plans for the construction of generating capacity by 2042 and an additional RUB18 trillion ($200.7 billion) will be needed for the development of the electric grid.
Over the remainder of the forecast period, the Russian construction industry is projected to record an annual average growth rate of 2.8% between 2028 and 2030, supported by investments in industrial, transport infrastructure, and renewable energy projects, coupled with the government’s aim to build up to 34 new nuclear power plants by 2042 in line with its target to increase the share of nuclear power in the country’s energy mix from 18.9% in 2023 to 23.5% by 2042. In February 2026, the Russian Ministry of Energy estimated that the country required RUB50 trillion ($557.6 billion) to implement plans for the construction of generating capacity by 2042 and an additional RUB18 trillion ($200.7 billion) will be needed for the development of the electric grid.
The Construction in Russia - Key Trends and Opportunities to 2030 (Q1 2026) report provides detailed market analysis, information, and insights into the Russian construction industry, including:
- The Russian 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 the Russian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Russia. It provides:
- Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Russia, 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 our 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 business strategies 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
