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Civil Engineering Market Growth Opportunities to 2024 - U.S Industry to grow over $1830 billion

Author : Rahul Varpe | Published Date : 2019-09-17 

The U.S. Civil Engineering Market will collect a revenue of USD 1830 billion by 2025. The escalating investments in industrial infrastructure, commercial, and residential sectors across this region will augment the industry growth. Furthermore, the government has been implementing numerous legislations pertaining to energy conservation, which will also influence the civil engineering market share noticeably.

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Civil Engineering Market in Russia will register CAGR of more than 2.5% over the coming eight years. The presence of a huge industrial base of mining, metallurgical, and oil & gas sector will fuel the requirement of civil engineering on large scale.

Civil Engineering Market in China size, worth more than US 3400 billion revenue in 2015, will exhibit a noticeable growth rate over the years ahead. Strong initiation taken by the government to develop infrastructure in the various sectors such as road & transport, power plants, and commercial buildings will augment the industry outlook.

Increasing investments in infrastructural developments across the globe will boost civil engineering market significantly. With digitization conquering the global industrial landscape, the development of smart cities is on an incline, which will also provide a positive impetus to market. The infrastructure of a country is largely responsible for its overall progress, subject to which the governments of various countries have been investing heavily in the construction sector and infrastructural development.

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Civil Engineering Market by Application:

  • Residential Buildings
  • Energy
  • Industrial Infrastructure
  • Transport
  • Others

Important pointers encompassed pertaining to the application spectrum:

  • The study is inclusive of significant data pertaining to the application spectrum.
  • The report encompasses the revenue forecast details of the application segments categories by the end of the anticipate duration.
  • The market share which each of the application segments account for are mentioned in the study.
  • Also, the most proliferating trends that the application spectrum is characterized by are also entailed.

Civil engineering market from private business customer group is predicted to register an annual growth rate of 4.1% over the coming years of 2016 to 2025. Escalating investments in the housing sector to provide shelter to the ever-growing population base will favor the business growth. Supportive government policies regarding infrastructure development will also augment market expansion.

Industrial infrastructure application segment will exhibit considerable growth rate over the coming timeframe. Surging investment by the government for the development of roads, bridges, and dams will influence the product demand noticeably. In addition, rising infrastructure development across various sectors such as automotive, nuclear, leisure & hospitality, and food & beverages will propel civil engineering market share.

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The noteworthy participants in civil engineering market are US Army Corps of Engineers, Foster Wheeler, Galfar Engineering & Contracting SAOG, HDR, Inc., URS Corporation, CH2M Hill, Jacobs Engineering Group, AECOM Technology, SNC-Lavalin, Fluor Corporation, and Kentz.

Related News: https://www.marketwatch.com/press-release/hoist-sling-chains-assemblies-market-growth-projection-to-2024-oil-gas-sector-to-register-10-cagr-2019-09-17

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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