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 Q3 2024, according to GlobalData’s construction projects database.
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1. Hohhot Sodium-Ion Battery and Energy Storage Industrial Park
The project involves the construction of 50GWh sodium-ion battery and energy storage production plant on 80ha of land in Hohhot, Inner Mongolia, China.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
2. Hotan Lithium Power Battery Intelligent Manufacturing Plant
The project involves the construction of a lithium power battery intelligent manufacturing plant at Cele county in Hotan Prefecture, Xinjiang, China.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
3. Huzhou Microcavity Electronic Paper Display Device Manufacturing Plant
The project involves the construction of a microcavity electronic paper display device manufacturing plant in Huzhou, Zhejiang, China.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Xiamen Energy Storage Battery Production Line
The project involves the construction of a 30GWh energy storage battery production line in Tong’an, Xiamen, Fujian, China.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. Tongling Lithium-Ion Battery Production Plant: Phase II
The project involves the construction of a lithium-ion battery manufacturing plant with a production capacity of 17GWh per year on a site area of 44.66ha in Zongyang Economic Development Zone, Tongliang, Anhui, China.
Construction work started in Q3 2024 and is expected to be completed in Q3 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
