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November. 2022
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$100 Billion of U.S. Industrial Manufacturing Projects on Track for Completion in 2022

Industrial Info is tracking more than $100 billion worth of Industrial Manufacturing projects in the U.S. that have been completed or are planned to be completed this year. The distribution and warehousing sector, with more than $23 billon of projects on track for completion, leads the industry.

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While most of the distribution and warehousing projects are smaller in size than their counterparts in sectors such as automotive and transportation, with 510 projects to be completed, their volume makes up for their smaller size. Still, there are some blockbuster projects to be seen in this segment.

Examples include Amazon.com Incorporated's (NASDAQ:AMZN) (Seattle, Washington) new air services hub at the Cincinnati/Northern Kentucky International Airport in Hebron, Kentucky. Construction began in 2019 and wrapped up earlier this year. The project included a 3 million-square-foot building with a 350,000-square-foot loading dock and parking spaces for more than 100 aircraft. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for the report.

In addition to the air hub, Amazon also completed its largest fulfillment center in California in San Ysidro, in the southern part of Greater San Diego, near the Mexico border. The four-story, 2.6 million-square-foot facility began operating early this year, after kicking off construction in 2020. Subscribers can click here for the full report.

Outside of distribution and warehousing, the semiconductors and computers segment has been showing strength in the face of a global semiconductor shortage and impetus from the U.S. government to strengthen domestic manufacturing. Texas Instruments (NASDAQ:TXN) (Dallas, Texas) was somewhat prescient when it began planning and kicked off construction on its manufacturing plant in Richardson, Texas, before the pandemic roiled the U.S. and supply-chain disruptions became a fact of life. The project entailed constructing a 630,000-square-foot chip manufacturing plant and 317,000-square-foot clean room as well as a parking garage. The project was completed in the third quarter of this year. Subscribers can click here for the full report.

The U.S. automotive sector also has been going strong; in particular, the production of lithium-ion battery manufacturing plants has boomed. Examples include Ultium Cells LLC's (Lordstown, Ohio) battery cell manufacturing plant in Warren, Ohio. The site contains several buildings totaling approximately 3.4 million square feet, including 2.8 million square feet of production space. The complex will produce about 30 gigawatt-hours of batteries per year. Construction kicked off in 2020 and wrapped up in the late summer of this year. The batteries will be used in various vehicles, including the GMC Hummer electric pickup and Hummer electric SUV. Subscribers can click here for more details.

Other automotive projects completed in the U.S. include General Motors Company's (NYSE:GM) (Detroit, Michigan) renovations and expansion of its plant in Spring Hill, Tennessee. Following trends, the plant now will manufacture electric vehicles including the Cadillac Lyriq. Subscribers can click here for the full report.

Another sector that has shown strength in the U.S. (and throughout the world) this year is data centers. Some of the biggest names in tech, including Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California), Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California), Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) and Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington) have completed data center projects this year, along with dedicated data center companies such as Switch (Las Vegas, Nevada).

Among the largest U.S. data center projects completed this year is Meta Platforms' expansion of its campus in Papillion, Nebraska, which entailed the construction of four new data hall buildings totaling more than 1.6 million square feet and bringing the campus' total square footage to 2.6 million square feet. The facility is supported by wind energy from nearby windfarms. Construction began in 2018 and wrapped up in the first quarter of 2022. Subscribers can click here for the full report.

Subscribers can click here for a look at all of the projects discussed in this article, and here for the related plant profiles.

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