Russia Construction Market Trends and Opportunities Report 2021-2025 - ResearchAndMarkets.com

·4 min read

DUBLIN, July 28, 2021--(BUSINESS WIRE)--The "Construction in Russia - Key Trends and Opportunities to 2025 (Q2 2021)" report has been added to ResearchAndMarkets.com's offering.

Despite the COVID-19 outbreak and a sharp decline in revenue owing to low oil and gas prices, the Russian construction industry managed to avoid a sharp decline in output in 2020, with a minor 0.01% contraction in value-add, reflecting a much better performance than expected in mid-2020.

According to the Federal State Statistics Service (Rosstat), the construction industry's value-add grew by 2.7% year on year (YoY) in the fourth quarter of 2020 - this was preceded by Y-o-Y declines of 2.1% in Q3 and 3.2% in Q2 2020.

The publisher continues to maintain that the construction industry will recover this year, forecasted to grow by 2.6% in real terms, supported by investment in major infrastructure projects and the global economic recovery. This includes an announcement made in November 2020, wherein it was reported that the transport infrastructure spending plan had increased to RUB7 trillion (US$97.3 billion) for the next five years, pushed up by additional private investment.

The energy sector will be supported by the government's efforts to invest in renewable sources, as it aims to generate 4.5% of the country's total electricity needs through renewable energy by 2024. The government is also planning to generate 5,863.7MW through renewable energy sources by 2024, of which 3,416MW will be from wind power, 2,238MW from solar and 210MW from small hydroelectric power plants.

Russia also has a huge pipeline of oil and gas construction projects amounting to US$204 billion, with a large portion of these projects in the pre-execution stage totalling US$102 billion. The major projects at pre-execution include the US$35.1 billion Ust-Lugansky Gas Processing and Liquefaction Complex, which involves the construction of a gas processing and liquefaction complex on 1,400ha of land in the Baltic Sea port of Ust-Luga in Kingiseppsky District, Leningrad Oblast, Russia.

Another major project in the pre-execution stage is the US$21 billion Yamal Arctic LNG Plant II project, which involves the construction of a liquefied natural gas plant with a capacity of 19.8MPTA in the Yamal Peninsula, Siberia. If all projects do proceed as planned, and spending is evenly distributed over the construction phase, annual spending could reach US$10.5 billion in 2021, increasing to US$27 billion in 2024.

Following the recovery in 2021, The publisher expects the construction industry to stabilize and grow at an annual average rate of 2.8% between 2022 and 2025, supported by investments in the transport, oil and gas, renewable energy, telecommunication, and manufacturing sectors.

This report provides detailed market analysis, information, and insights into the Russian construction industry, including:

  • The Russian construction industry's growth prospects by market, project type and construction activity

  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Russian construction industry

  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Russia, featuring details of key growth drivers.

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

  • Listings of major projects, in addition to details of leading contractors and consultants

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

  • Outlook

  • Latest news and developments

  • Construction Projects Momentum Index

4.2 Commercial Construction

4.3 Industrial Construction

4.4 Infrastructure Construction

4.5 Energy and Utilities Construction

4.6 Institutional Construction

4.7 Residential Construction

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/h2th4d

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005464/en/

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