Industrial Project Activity Reaches $203 Billion in 2002

---

Researched by Industrialinfo.com (Industrial Information Resources Incorporated; Houston, Texas). Tracking the progress of the industrial market is an all encompassing task, and one that even a 20 year old firm, like industrialinfo.com, finds challenging. Industrialinfo.com thrives on this challenge and prides itself on its ability to measure the pulse of the industrial market. Compiling this data into useful statistics is something the firm does for all industrialinfo.com registered users. Each quarter, summary statistics by market region are posted to the site giving users the ability to follow spending and plant activity in both the United States and Canada.

For the year 2002, industrialinfo.com identified 5,500 capital or maintenance projects valued at $1 million and greater, scheduled to kick-off in 2002. These projects included 5,179 capital and maintenance projects in the U.S., valued at $203 billion, and 331 projects valued at $16.4 billion covering all Canadian provinces.

The U.S. Southwest market region is home to some of the largest petrochemical and petroleum refinery complexes in the country, and it's no surprise that in 2002, the region accounted for the highest value of spending activity. The Southwest saw over 1,000 projects valued at approximately $36 billion kicking off in 2002. The next region following behind is the Great Lakes with over $30.1 billion in spending spread out in over 640 capital projects and 376 maintenance shutdowns, turnarounds, and outages.

Link below to view spending statistics at industrialinfo.com's Market Maps and Stats area

United States
Great Lakes
Mid Atlantic
Midwest
New England
Northeast
Rocky Mountains
Southeast
Southwest
West Coast
Canada
Atlantic Canada
Ontario
Quebec
Western Canada

Forecast spending statistics can be viewed in industrialinfo.com}s all new 2003 Industrial Outlook product. This all new web-based forecast allows users to view spending and plant statistics by industry and market region for the world. Traditionally, the Industrial Outlook has focused on forecast activity for North America, yet new in 2003, Industrialinfo.com has included an expanded international section that gives informative forecast information for four primary industries, Power, Petroleum Refining, Chemical Processing, and Metals & Minerals.

Much like the Market Maps and Stats area, industrialinfo.com added a quarterly update feature to the 2003 Industrial Outlook, where information is given on forecast spending projections based on actual surveys, rather than historical annual and quarterly results. For a free demonstration of the 2003 Industrial Outlook, click on the image to the right.