Global Project Restarts Exceed $120 Billion for First-Quarter 2016

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Researched by Industrial Info Resources (Sugar Land, Texas)--Globally, Industrial Info is tracking 286 projects worth $121.77 billion that previously were canceled or placed on hold, but have returned to an active status since the beginning of the year. More than 90% of these project restarts can be found in four industries--Power, Metals & Minerals, Oil & Gas Production and Oil & Gas Pipelines--and include some of the most highly anticipated (and frequently delayed) projects in those areas.

More than half of the total investment value (TIV) for the restarts can be found in the Power Industry, in which $63.88 billion worth of projects have returned to active status since January 1. Most of these are related to restarts at nuclear power facilities. Nuclear projects in the U.S. have been especially slow to come to fruition, as the low price of natural gas has forced a reexamination of other energy sources.

To read the complete story, check out the most recent edition of Industrial Info's NavigatIIR online newsletter, which also includes details on what's driving investment in the Food & Beverage Industry; outages at nuclear power plants that are planned for the second quarter; and spending outlooks in the U.S. Industrial Manufacturing Industry.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.