The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest manufacturing plant construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Shanghai C919 Assembly Plant Phase II
The project involves the construction of the Phase II of Comac C919 assembly plant with a 330,000m2 gross floor area (GFA) in Shanghai, China.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
2. Butibori Integrated Solar and Photovoltaic Modules Manufacturing Plant
The project involves the construction of an 5GW integrated solar cells and 3GW photovoltaic modules manufacturing plant in Nagpur, Maharashtra, India.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Hefei Medium and Low Voltage Power Module Production Base
The project involves the construction of a medium and low-voltage power module production base in Feixi Economic Development Zone, Hefei, Anhui, China.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Zhuhai Yiyuan Semiconductor Materials Industrial Base
The project involves the construction of a semiconductor material industrial base on a site area of 17.80 ha in Jinwan District, Zhuhai, Guangdong, China.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
5. Shenzhen Shenshan BYD Auto Industrial Park Phase III
The project involves the construction of a battery pack and new energy vehicle parts manufacturing plant on a 130ha site area in Shenzhen, Guangdong, China.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
