“Growth and opportunity” are good words to sum up what’s happening right now with industrial construction around the country. Water projects – particularly municipal treatment plants – are on the rise, and that upward trend is expected to continue as local governments confront the need to expand and upgrade their systems.
The power sector also continues to be strong with nearly $6 billion worth of projects being tracked through Industrial Information Resources in this sector. Mining construction is up, and so are opportunities in the oil and gas industries. In fact, this sector is experiencing a revolution thanks to new opportunities and innovations in onshore fracking. Here’s some great insight from Zeus Intelligence in one of the organization’s recent refining reports:
“Some $50 billion of gas-conversion infrastructure has been proposed in the U.S., including four large-scale gas-to-liquid (GTL) projects along with a dozen smaller-scale projects, 11 methanol proposals, more than a dozen ammonia projects/upgrades, and new direct-reduced iron (DRI) infrastructure.”
This is good news for companies like Sundt that have expertise and experience in multiple industrial construction markets. It’s also a welcome signal to consumers that the American economy is revving up again.