United States Infrastructure Report

Published 10 April 2015

  • 226 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
United States Infrastructure Report

BMI View: Growth will decelerate in the US construction sector over 2015 and 2016 in line with a normalisation of the housing market following a steep recover over recent years. Whilst infrastructure industry value will sustain its recovery it will not be enough to offset a slowdown.

Key Developments

  • The residential construction sector continues to expand. As expected, data has been and will continue to be mixed and growth is expected to slow over 2015. Housing starts, homebuilder confidence and permits are all trending higher, although starts have struggled to sustain levels above the 1mn mark. While the sector has come a long way since 2011, there is considerable room for further expansion as housing starts remain considerably below the peak of 2,273,000 in January 2006. Consequently, we forecast residential construction to continue to positively contribute to the overall construction industry value.

  • Power and transmission infrastructure industry value will stabilise in 2015 following a rebound in investment in 2014. We see some potential for value creation over the medium term from retrofitting and safety upgrades to nuclear power plants, a new fleet of natural gas power plants as old coal plants are retired, as well as major transmission projects to hook up new renewable supply. However, much will depend on the longer-term ability to implement new legislation guiding existing coal-fired power plants, announced in June 2014, which indicates a significant portion of existing coal projects could need to come offline, requiring investment in new capacity.

  • Oil and gas pipelines will see some decline in high construction growth rates which expanded steeply over 2014. However we expect the segment to continue to grow through to 2017 driven by a substantial pipeline of projects. Weak oil prices and capex cuts will place greater downside pressure on non-residential building through upstream and downstream investment cuts, rather than midstream...

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 (United States 2013-2018)
10
Table: Construction And Infrastructure Industry Data (United States 2019-2024)
11
Transport Infrastructure - Outlook And Overview
18
Table: Transport Infrastructure Industry Data (United States 2013-2018)
18
Table: Transport Infrastructure Industry Data (United States 2019-2024)
19
Table: FAA Pilot Privatisation Programme, Application & Status
28
Table: Major Projects - Transport
29
Table: Major Projects - Transport
60
Energy And Utilities Infrastructure - Outlook And Overview
84
Table: Energy And Utilities Infrastructure Data (United States 2013-2018)
84
Table: Energy And Utilities Infrastructure Data (United States 2019-2024)
85
Table: Renewables Targets By State
87
Table: Major Projects - Energy And Utilities
93
Table: Major Projects - Energy & Utilities
134
Residential And Non-Residential Building - Outlook And Overview
158
Table: Residential and Non-Residential Building Industry Data (United States 2013-2018)
158
Table: Residential and Non-Residential Building Industry Data (United States 2019-2024)
158
Table: Major Projects - Social Infrastructure And Non-Residential Building
163
Industry Risk/Reward Ratings
185
United States - Infrastructure Risk/Reward Index
185
Rewards
185
Risks
186
North America And Western Europe - Infrastructure Risk Reward Index
186
Table: Western Europe And North America: Infrastructure Risk/Reward Index
192
Market Overview
193
Competitive Landscape
193
Table: Key Players - Financial Data
195
Company Profile
197
Skanska
197
Table: Skanska US Units, 2012-2014 Annual Financial Data
199
Global Infrastructure Partners
201
Table: GIP Assets
205
Bechtel
206
Table: Bechtel Financial Data, USDbn
211
Global Infrastructure Overview
213
Industry Trend Analysis
213
Table: Multilaterals And Development Bank Infrastructure Support Programmes
217
Methodology
219
Industry Forecast Methodology
219
Sector-Specific Methodology
220
Risk/Reward Index Methodology
224
Sector-Specific Methodology
225
Table: Infrastructure Risk/Reward Index Indicators
225
Table: Weighting Of Indicators
226

The United States Infrastructure Report features BMI Research'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 United States Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the American infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for United States to test other views - a key input for successful budgetary and planning in the American infrastructure market.
  • Target business opportunities and risks in the American infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United States.
  • 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