Global power generation construction project market worth $4.78tn

By Jonathan Dyble
According to data tracked by Timetric’s Construction Intelligence Centre (CIC), the global market for power generation construction projects is wor...

According to data tracked by Timetric’s Construction Intelligence Centre (CIC), the global market for power generation construction projects is worth $4.78tn.

The report forecasts that these new power generation projects, $1.94tn of which are currently in the planning stage, will add a global energy capacity of up to 2,944GW.

See also:

By region, the Asia-Pacific (APAC) accounts for the significant majority of these projects, with a total valuation of $2.11tn, followed by the Middle East and Africa (MEA) with $906.2bn and the Americas with $890.2bn.

Broken down further by country, China leads the way with over $541bn of investment into power generation projects, followed by India with $470.5bn.

Nuclear power is the sector that accounts for the highest proportion at $1tn, with the second largest project that is currently in the pipeline being the El Dabaa Nuclear Power Plant in Egypt, only behind the UK’s $35bn East Anglia Offshore Windfarm Development.

For more information, including the top 50 most expensive global construction projects, see the full report from Timetric’s CIC.

Share

Featured Articles

Honeywell debunks hydrogen energy and its global challenges

Maya Gomez, Director of Green H2 CCM at Honeywell, uncovers the different types of hydrogen and the challenges of applying them for more sustainable energy

ABB Motion & WindESCo partner to strengthen wind energy

ABB Motion invests in WindESCo to sustain wind turbine performance, in a renewable energy drive that will help ABB in its net zero ambitions

Shell Energy UK and Germany acquired by Octopus Energy

Octopus delivers industry leading service whilst investing in clean energy systems — we will deliver this to the new customers too, says CEO Greg Jackson

Sustainability LIVE links to energy and electrification

Sustainability

Green energy: A hot topic at Sustainability LIVE 2023

Sustainability

Sustainability LIVE London sells out on 2023 conference

Sustainability