Released April 26, 2021 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial construction in the U.S. is up 37% in 2021 compared to 2020, according to the most recent update of the North American Industrial Project Spending Index.
All market regions in the country are showing double-digit growth, with the exceptions of the Great Lakes and New England regions, which are showing slight declines.
Currently, there are more than 3,700 industrial projects under construction in the U.S., totaling $495 billion.
The Industrial Manufacturing Industry is the leading industry for activity, with more than 1,100 projects, accounting for about 42% of the value of projects currently under construction. Transportation systems, power generation, distribution & warehousing, and pharmaceutical/biotech laboratories are the largest sectors for industrial construction currently.
The Project Spending Index compares planned industrial project spending for the current year to the previous year in order to get a measure of growth or contraction in the industrial market. The index, which is available to subscribers to Industrial Info's Global Market Intelligence database, provides spending details by industry and market region, including monthly updates that measure the rate of activity from this year to last year during the same month.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
All market regions in the country are showing double-digit growth, with the exceptions of the Great Lakes and New England regions, which are showing slight declines.
Currently, there are more than 3,700 industrial projects under construction in the U.S., totaling $495 billion.
The Industrial Manufacturing Industry is the leading industry for activity, with more than 1,100 projects, accounting for about 42% of the value of projects currently under construction. Transportation systems, power generation, distribution & warehousing, and pharmaceutical/biotech laboratories are the largest sectors for industrial construction currently.
The Project Spending Index compares planned industrial project spending for the current year to the previous year in order to get a measure of growth or contraction in the industrial market. The index, which is available to subscribers to Industrial Info's Global Market Intelligence database, provides spending details by industry and market region, including monthly updates that measure the rate of activity from this year to last year during the same month.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
