U.S. Energy Market to See Record Construction Spending in 2015

摘要

Construction spending in the U.S. power and energy sector is expected to reach a record high of $102.4 billion in 2015, according to FMI's most recent Construction Outlook report. Researchers at FMI report, "America is on the verge of a veritable manufacturing renaissance, building petrochemical plants in the Gulf and gaining interest from more companies, especially foreign-owned companies, considering relocating manufacturing to America." Along with the need for new and rehabbed plants to support the emergence of natural gas, midstream and downstream owners have proposed over 1,700 miles of pipeline construction to be completed in the next few years.