According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in China in Q2 2024, according to GlobalData’s construction projects database.
1. Urumqi N-Type High-Purity Crystalline Silicon Production Plant
The project involves the construction of a high-purity crystalline silicon production plant in Midong District, Urumqi, Xinjiang.
Construction work started in Q2 2024 and is expected to be completed in Q3 2026.
The project aims to meet the region’s growing demand for high-purity crystalline silicon.
2. Yancheng Photovoltaic Modules Manufacturing plant
The project involves the construction of a photovoltaic modules manufacturing plant in Yandu District, Yancheng.
Construction work commenced in Q2 2024 and is expected to finish in Q3 2026.
3. Shangrao Photovoltaic Glass Manufacturing Plant
The project involves the construction of a photovoltaic glass plant in Shangrao, Jiangxi.
Construction work started in Q2 2024 and is forecast to complete in Q2 2026.
4. Wuwei Energy Storage Sodium Ion Battery Production Base
The project involves the construction of an energy storage sodium ion battery production base in Liangzhou Industrial Park, Wuwei, Gansu.
Construction work commenced in Q2 2024 and is expected to be completed in Q2 2026.
5. Dingxi Sodium-Ion Energy Storage Battery Manufacturing Plant
The project involves the construction of a 4GWh sodium-ion energy storage battery equipment manufacturing plant on a 13.3ha of land in Minxian County, Dingxi, Gansu.
Construction work started in Q2 2024 and is expected to be completed in Q2 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
