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(EstateNewsWire.com, May 26, 2021 ) Rapid growth in investments in renewable power generation capacities is expected to drive the construction market in the forecast period. A large number of power generation companies are investing in renewable energy sources, especially in the USA and European countries.
For instance, in December 2017, EDF Energy announced an investment of more than €25 billion in solar power infrastructure. Further, governments globally are also promoting renewable energy sources by offering incentives and subsidies to renewable power generation companies. The Australian government offered $600 million in subsidies to wind power generators. This is expected to boost the demand for services provided by construction companies, thereby driving the market during the forecast period.
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The Business Research Company’s report titled Construction Market -Opportunities And Strategies – Global Forecast To 2030 covers major companies, construction market share by company, construction market size, and construction market forecasts. The report also covers the global construction market and its segments.
The Business Research Company’s global construction market report is segmented -
1)By Construction Type - Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
2)By End-User Sector – Public and Private
Read More On The Global Construction Market Report - https://www.thebusinessresearchcompany.com/report/construction-market
Construction Market Size Forecast
The global construction market is expected to recover from the COVID-19 impact and grow at a compound annual growth rate of 7.5% from 2021 and reach $15,482.0 billion in 2023.
Asia Pacific is the largest region in the global construction market, accounting for 41% of the total market. It is followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the construction market will be the Middle East and Asia Pacific.
The countries covered in the global construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major Players In The Construction Market
Major companies in the construction market include China State Construction Engineering Co., Ltd. China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd., Vinci S.A.
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Construction Market -Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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