- The key vendors in the construction market in APAC 2015-2019 are China State Construction Engineering Corporation Ltd., Jaya Konstruksi Manggala Pratama. PT, Koh Brothers Group Ltd., Larsen and Toubro (L&T) Construction and PetroVietnam Construction Corp.
London, 16 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the construction market in APAC 2015-2019. Construction projects based on PPP schemes are on the rise in APAC. Most infrastructure projects introduced by emerging economies in APAC, particularly in South East Asia, are designed to attract private investors; for instance, the National PPP Capacity Building Program in India, MP3EI in Indonesia, Economic Transformation Program in Malaysia, and the Philippines’ PPP Program. The construction market in APAC 2015-2019 is expected to grow at a CAGR of 8.23% during the forecast period of 2015-2019.
The emerging economies in APAC are continuously striving for development of high-quality infrastructure to maintain their competency with other emerging economies of the world. This has led to increased investment in the infrastructure construction sector, which is driving the growth of the construction market in APAC.
“With a rise in energy prices, restrictions on energy use, and stringent carbon emission regulations, construction firms, building owners, and government bodies are devoting a considerable amount of attention to the potential savings that can be achieved with new technologies to monitor and control energy usage in buildings,” says Faisal Ghaus, Vice President of Technavio Research.
“While developing countries continue to construct new commercial buildings, developed countries are focusing on comprehensive energy savings and energy conservation measures in existing buildings to reduce costs as well as increase their energy efficiency.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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