Amazon, Taiwan Semiconductor Lead $93 Billion of Industrial Project Construction Starts in 2021

Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Southwest market region is the largest region in the U.S. for industrial project starts this year, accounting for 21.7% of the nation's total investment value for related projects, according to Industrial Info's Global Market Intelligence (GMI) Project Database. The Southwest region, which includes Texas, Louisiana, Oklahoma and Arkansas, is home to 248 projects, totaling $20 billion, that have started construction so far in 2021.

Click on the image at right to view a chart showing the number and value of projects that have started construction so far in 2021, by market region.

More than 1,500 industrial projects across the U.S. have started construction so far this year, totaling $93.6 billion. The Rocky Mountains, Southeast and Great Lakes are the second-, third- and fourth-largest market regions, respectively, for industrial construction starts this year.

The Industrial Manufacturing Industry is the largest industry for construction activity. More than 350 Industrial Manufacturing Industry projects, worth more than $31.2 billion, have started construction this year. The largest project by far is Taiwan Semiconductor Manufacturing Company Limited's (Hsinchu, Taiwan) $12 billion grassroot semiconductor chip fabrication plant, which started construction in May in Phoenix, Arizona. Subscribers to Industrial Info's GMI Project Database can click here for a detailed project report.

Subsequent phases of Taiwan Semiconductor's project could top $35 billion in investment. The first 3.8 million-square-foot phase is scheduled for completion by mid-2024. Semiconductors have been in short supply this year, as pandemic-related supply issues and increase in demand have shorted supply chains.

Construction of data centers and distribution warehouses for companies like Amazon.com (NASDAQ:AMZN) (Seattle, Washington) and Facebook Incorporated (NASDAQ:FB) (Menlo Park, California) have exploded. Since the beginning of the year, Amazon alone has started construction on 67 projects totaling over $5 billion. Last month, Amazon began construction of a $200 million brownfield project at a 95-acre former Cortana Mall in Baton Rouge, Louisiana. Subscribers can click here for a detailed project report.

Power, Pharma-Biotech, Food & Beverage and Metals & Minerals round out the top five industries.

Industrial Info is pleased to announce its mid-year Industrial Market Outlook for North America, online and free for all attendees, beginning on Tuesday, July 20, until Thursday, July 22, starting at 10 a.m. CDT (11 a.m. EDT), and lasting for approximately one hour total each day. Join Industrial Info's global industry research managers as they share their thoughts and perspectives on the key industry trends and drivers, and how these are shaping the next 24 months' capital and maintenance project spending activity. Click here for more information or to sign up.

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.