Taiwan Infrastructure Report

Published 07 January 2015

  • 88 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Taiwan Infrastructure Report

BMI View: Over our long-term forecast period to 2023, Taiwan's construction industry will accelerate at a modest pace, despite a very slight slow in growth in 2015, on the back of investment uncertainty due to national elections, weakening external demand and falling house prices. Our overall outlook for the economy and construction remains positive, however, due to a relatively conducive monetary environment for construction, changes in the country's energy policy and the government's desire to improve transport links.

Key Trends And Developments

  • After the KMT lost key local elections in November 2014, President Ma Ying-jeou stepped down as party chairman and doubts will now be raised as to whether the KMT will be able to stay in power in 2016. This will in turn entail strong risks of a reversal in the warm cross-strait ties that Ma has built up since 2008, consequently altering the country's economic trajectory. China is unlikely to push through with any major policies as it would be left unsure if Ma's successor would honour the agreements. Investors could therefore wait for greater political clarity before taking on new construction projects. Furthermore, most governments typically put on hold key decisions on large-scale infrastructure projects (such as project awards and approvals) until major elections are concluded.

  • The Ministry of Economic Affairs announced in August 2014 that pre-operational tests at Lungmen Nuclear Power Plant's unit 1 had been completed and that the unit would be sealed in 2015. Should a public referendum prove negative for nuclear generation and policy in Taiwan, greater opportunities in the thermal and renewables sectors can be expected, as the country will need to readdress and realign its energy plan. However, we do not expect any policies or major project decisions to be made until after the national elections in 2015.

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Taiwan 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Taiwan 2018-2023)
11
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (Taiwan 2012-2017)
17
Table: Transport Infrastructure Industry Data (Taiwan 2018-2023)
17
Table: Competitiveness Of Taiwan's Infrastructure
20
Major Projects Table - Transport
25
Table: Key Projects Transport
25
Energy And Utilities Infrastructure - Outlook And Overview
29
Table: Energy And Utilities Infrastructure Data (Taiwan 2012-2017)
29
Table: Energy And Utilities Infrastructure Data (Taiwan 2018-2023)
29
Energy & Utilities Infrastructure Outlook And Overview
30
Major Projects Table - Energy & Utilities
37
Table: Major Projects - Energy & Utilities
37
Residential/NonResidential Building - Outlook And Overview
39
Table: Residential And Non-Residential Building Industry Data (Taiwan 2012-2017)
39
Table: Residential And Non-Residential Building Industry Data (Taiwan 2018-2023)
39
Industry Risk Reward Ratings
46
Taiwan - Infrastructure Risk/Reward Ratings
46
Rewards
46
Risks
46
Asia Pacific - Risk/Reward Ratings
49
Developed Markets: Favoured
50
Giants Of Asia: Rewards Sizeable, Risks Sizeable
53
South East Asia: Environment Deteriorating Slightly
54
Table: Asia Pacific Infrastructure Risk/Reward Ratings
56
Market Overview
57
Competitive Landscape
57
Company Profile
59
Kung Sing Engineering
59
BES Engineering
62
CTCI Corporation
65
Global Industry Overview
70
Global Infrastructure Overview
70
Methodology
76
Industry Forecast Methodology
76
Sector-Specific Methodology
77
Risk/Reward Rating Methodology
81
Sector-Specific Methodology
82
Table: Infrastructure Risk/Reward Rating Indicators
82
Table: Weighting Of Indicators
83

The Taiwan Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Taiwan Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Taiwanese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Taiwan to test other views - a key input for successful budgetary and planning in the Taiwanese infrastructure market.
  • Target business opportunities and risks in the Taiwanese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Taiwan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc