The lack of infrastructure, industrial facilities, and civil engineering has worsened many of the challenges that the global economy has faced in the past years. Due to the rising inflation and Russia’s war on Ukraine, Europe has required the construction of new energy infrastructure and facilities to diversify its energy supplies. In the years after the start of the COVID-19 pandemic, port congestion has exacerbated supply chain problems, bottlenecks in airports have caused delays, and digital infrastructure has become more relevant than ever. In addition to that, there is also a need for resilient infrastructure that will be able to withstand the extreme weather events made more likely by climate change. Having good quality infrastructure and investing in heavy construction is, therefore, necessary to face such crises and to facilitate economic growth.
Global investment on inland transport infrastructure as share of GDP in 2021, by selected countries
Further details: Visit original statistic Global investment on inland transport infrastructure as share of GDP in 2021, by selected countries
Infrastructure spending varies heavily per country, for various reasons. Some countries might have a more outdated infrastructure that needs modernization, in others infrastructure might not necessarily be at the top of the priority list. Overall, investment in infrastructure was higher in developing countries relative to the size of their economies than in, for instance, Western Europe.
Highway construction in the U.S.Construction output value of new water infrastructure in England, Scotland and Wales from 1980 to 2022 (in million GBP)
Further details: Visit original statistic Construction output value of new water infrastructure in England, Scotland and Wales from 1980 to 2022 (in million GBP)
Changes in climate can bring about either drought or floods. Structures like seawalls or dikes can be built through engineering to help protect communities from flooding. Agricultural production can also be affected by drought. Despite these challenges, the construction output of new water infrastructure has been falling in the United Kingdom in the past years. However, other regions that are more exposed to water scarcity or natural disasters may require higher levels of spending.
Water infrastructure in AustraliaRevenue of the infrastructure construction industry in France in 2022, by type (in billion euros)
Further details: Visit original statistic Revenue of the infrastructure construction industry in France in 2022, by type (in billion euros)
Quality infrastructure is essential for economic growth because it makes it easier for any industry to run its operations. France dedicated most of its spending on civil engineering into road works and, to a lesser extent, earthworks and water infrastructure. Meanwhile, some of the largest projects in Canada were related to its energy infrastructure, similarly, most of the investment in the UK went into the energy sector.
Largest infrastructure projects in CanadaElectricity transmission lines under construction in the United States as of September 2023, by extension (in miles)
Further details: Visit original statistic Electricity transmission lines under construction in the United States as of September 2023, by extension (in miles)
Investment in power facilities is essential to ensure more resilient energy supplies, and transition to a zero-emission economy. To achieve that goal, not only new renewable-energy power plants are needed, but also transmission lines so that all that electricity can go where it is most needed. Nevertheless, as of October 2023, there were 65 new proposed oil pipelines worldwide and 25 under construction.
Oil pipelines operating, proposed, and under construction
The Heavy Construction covers infrastructure construction, industrial construction, and civil engineering - the building and maintenance of public works. This industry includes topics like road and highway construction, infrastructure projects and the building and maintenance of public works - including bridges, canals, dams, airports and railways, spending on infrastructure, and new construction of industrial facilities - such as offshore, mining and quarrying, processing plants, power stations, and steel mills.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
