Power, Chemicals Lead Increase in Global Industrial Spending

SUGAR LAND--October 29, 2014--Industrial Info Resources (Sugar Land, Texas) has released its Global Industrial Outlook for 2015. The Outlook provides easily navigated spending projections for 12 industrial market sectors across the world.

This year's Top Line Market Forecast currently shows $2.99 trillion of industrial capital and maintenance spending occurring throughout the world in 2015. Spending growth from last year is led primarily by the Power Industry, for which spending is forecast to increase more than $78 billion (up 9.65%), and the Chemical Processing Industry, which is forecast to increase by more than $32.49 billion (up 10.5%).