Global Infrastructure Market to register USD 2,552.4 Billion growth by 2021
Zion Market Research, the market research group announced the analysis report titled ‘Infrastructure Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2021’
The study concludes that the global Infrastructure Market is expected to grow at a CAGR of 12.1% between 2016 and 2021. The market revenue of $1,365.6 billion in 2015, is expected to reach $2,552.4 billion in 2021. The main drivers for the growth of the market increase in numbers of women working outside the home.
Indian economy is booming, with rates of Gross Domestic Product growth exceeding 8% every year since 2004. The infrastructure sector is a foremost driver for the Indian economy. This sector is highly responsible for driving the overall development of India and experiencing strong focus from the government for initiating policies that would make sure time-bound creation of world class infrastructure in this country. Indian infrastructure sector is well poised to take a big leap and it presents several investment opportunities for foreign investors from across the world.
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For development in the infrastructure sector, the Government of India has always been very proactive. India needs over USD 1.5 trillion in investment during coming 10 years to bridge infrastructure gap as the government aims to connect 700 thousand villages with roads by 2019 as part of a massive modernization plan. Key segments Indian infrastructure market includes residential/non-residential construction, energy and utility infrastructure, transport infrastructure and others. Modernization of Airports has been progressing satisfactorily.
In 2015, transport sector emerged as one of the prominent segment of Indian infrastructure market with 28% share of the overall market. Transport infrastructure includes road, railway, inland water transport, sea and coastal transport and air transport infrastructure. An efficient, reliable, and safe transport system is vital for fostering rapid economic growth. In the recent years, economic liberalization has quickened the impulses of economic growth. Rapidly growing middle-class needs of domestic and international trade, the large-scale mobility of working population to longer distances and growing demographic pressure have fuelled further demand for transport.
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Technological up gradation is needed in traffic control system. With the increase in traffic, the development of non-Metro Airports would be taken up at the accelerated pace through private sector participation. The Indian power sector itself has an investment potential of USD 250 billion in the next 4 to 5 years, providing immense opportunities for power generation, distribution, transmission, and equipment, according to Union minister of coal, power and renewable energy.
For the growth in the India Energy Infrastructure, investments in ports, railways, pipelines and power transmission are urgently needed to attract energy sector investments in the first place and to enable efficient energy choices. Key industry participants in the Indian infrastructure market include Larsen & Toubro, Gammon India, and Reliance Infrastructure among others.
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