2010 Global Industrial Outlook Forecasts $147 Billion North America Project Starts, an Industrial Info News Alert

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Industrial Info (Sugar Land, Texas) has released the 2010 Global Industrial Outlook analyzing global industrial project spending. For North America, the value of project activity scheduled for construction in 2010 is forecast to be $147.2 billion, down 2.7% from 2009.

The forecast is derived by applying a confidence factor based on historical spending trends to the baseline project activity that Industrial Info is currently tracking. As of October 2009, Industrial Info identified 5,023 capital and maintenance projects in North America valued at $1 million or more that are scheduled to start construction in 2010. The value of these projects is $431 billion. This is the baseline number. Applying a confidence factor of 34% results in the forecasted $147.2 billion.

The 2010 Global Industrial Outlook provides an in-depth analysis of 12 industrial market segments, incorporating major project spending statistics by industry, market region and budget type (capital and maintenance activity). Spending statistics are derived from actual projects reported by Industrial Info. Quarterly updates throughout the year keep you informed with forecast versus actual performances. You will find detailed trend analyses and spending statistics for the following industries:

Electric Power Bulk Liquids Storage Terminals Oil & Gas Transmission Oil & Gas Production Alternative Fuels Petroleum Refining

Chemical Processing Metals & Minerals Pulp, Paper & Wood Food & Beverage Industrial Manufacturing Pharmaceutical & Biotech

Click here for more information on Industrial Info's 2010 Global Industrial Outlook or contact Industrial Info's Member Center.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news.