Infrastructures are physical structures developed/required for a country, region or organization to function properly. It includes civil engineering projects like roads, railways, highways, dams, ports, airports, bridges as well as utility system construction. Infrastructure plays a vital role in the economic development of a country and also involves rehabilitation, reconstruction and repair of various infrastructure projects. Such projects are usually built by the government and are generally publicly owned, however can also be funded through public-private partnerships.
The industry is also witnessing increased competition in investments majorly driven by institutional investors and sovereign sources. Investment in high-grade sustainable infrastructure is anticipated to create employment along with industrial, agricultural and urban growth. Presently, the industry is highly fragmented with high competition among key players creating medium barrier for new entrants.
Strong economic performance, rising global population and urbanization in emerging markets are key drivers of infrastructure industry. However, project cancellations due to negative impact of global recession, high volatility of raw material costs and stringent credit policies are expected to deter overall development of the market.
Need for asset management is becoming very crucial. Infrastructure owners are shifting their focus towards operational efficiency and high performance of acquired assets instead of new asset purchases. Advances in technology in the field of data analytics may also provide value addition and will help in real time monitoring and control of existing assets. Also over long term, industry is expected to witness shift from reactive to proactive maintenance due to increased use of predictive data analytics.
Shift from traditional to alternative energy sources like solar power and other green technologies are expected to drive the infrastructure sector towards adoption of innovative technologies. Geographically, emerging markets are witnessing growing adoption of newer technologies due to affordability concerns pertaining to conventional technologies, whereas, matured markets prefer new technologies on account of flexibility and increased control. Consequently, changing infrastructure requirements and growing acceptability of new technologies are expected to drive the market growth.
ASDReport.com provides a collection of reports on infrastructure market. A range of reports are available on sewage system, guard rail, traffic management, infrastructure monitoring and among others.