All projects need to be built, and CCLs Engineers and Professionals are out there around the world building them. Construction involves the designing, planning, construction and management of buildings and infrastructures - Building (residential housing, commercial building, businesses) and Civil Engineering (infrastructures, bridges, airports, railroads, dams, energy production sites, facilities pipelines, offshore and inshore plants etc.).
Construction is one of the main global economy key drivers. The global financial crisis saw the sector slump in 2008, but the global construction industry restarted growing from an annual average of 2.7% a year in 2011-2013 to 3.1% in 2014. Forecasts for the future are positive: +3.8% in 2015, and then an average increase of 3.9% over 2016-2020. The global industry grew from US$7.4 trillion in 2010 to US$8.5 trillion in 2015 and is expected to reach US$10.3 trillion in 2020 (exchange rates 2010 US$).
Construction activity in the United States currently represents 5.5% of GDP. The total value of the Construction industry, up to August 2015, amounts to $1,086,224 million. Its the result of a recent recovery in the sector after a fall by 17% in 2014. The forecast for transportation public works in 2015 is set at a 3 percent increase ($56.5 billion).
Major civil engineering works in the US include ExxonMobil Baytown Refinery, the seventh world largest oil refinery, the Back River waste treatment plant in Baltimore and the Anacostia River Tunnel in Washington, D.C.
Construction is one of Europe's biggest industries, accounting for more than 5% of gross value added. It employs more than 12 million EU citizens and it is estimated that 26 million workers in the European Union depend directly (or through other fields) on the Construction industry. After a steady growth until 2006, construction in EU suffered the hit of financial crisis. Between spring 2008 and early 2013 the amount of total Construction in the EU-28 had been in decline: EU construction activity fell by 16% from its pre-crisis high by the second quarter of 2011 (Eurostat). The recovery started during the first half of 2013 and registered a steady growth although in May 2015 the index for the EU-28 still registered 35 percentage points below the pre-crisis growth rate. Within the EU Countries the construction of buildings (residential and non-residential) accounts for the 78% of total Construction sector while civil engineering works (railways, roads, bridges, airport runways, dams, energy production sites) represent 22% of total Construction production.
Trans Adriatic Pipeline (TAP) is one of the biggest infrastructures projects in Europe, with its construction works still ongoing. It will transport Caspian natural gas to Europe, connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border. TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy. Construction works will start in 2016 and will link the Caspian Sea to Europe via 3500-kilometre long gas pipeline. The construction involves BP, SOCAR, Statoil, Fluxys, Enagás and Axpo.
Gravelines Nuclear Power Station is the sixth largest nuclear power station in the world is the largest in the EU and Western Europe. Its six nuclear reactors of 900 MW made Gravelines the first nuclear plant in the world to deliver 1000 billion kilowatt-hours (one petawatt-hour) of electricity.
London Array is the world’s largest offshore wind farm. Its 630MW 175 turbines have been built 20 km off the Thames Estuary in the UK. It is run by E.ON, DONG Energy, Caisse de dépôt et placement du Québec and Masdar and it is also the largest wind farm in Europe by megawatt capacity.
In the UK the quantity of goods or services produced in 2014 by the Construction industry was £103 billion, 6.5% of the total economy. The industry grew in 2014 by 9.5%, the biggest increase since at least 1990. The Construction sector employed more than two million people.
Tilbury B Power Station, the largest Renewable power stations since 2011, is the UK's largest biofuel power station at 750 MWe.
Drax, a large coal-fired power station in North Yorkshire, England, is capable of co-firing biomass and petcoke. Its generating capacity of 3,960 megawatts is the highest of any power station in the United Kingdom and Western Europe, providing about 7% of the UK's electricity supply.
Longannet power station is a large coal-fired power station. With its annual production of 9,525 GWh it has the highest capacity in Scotland. It was the largest coal-fired power station in Europe in the 1970, run by Scottish Power Longannet, but is set to close by March 2016.
While China overtook the US in 2010 to become the world's largest construction market, India is going to overtake Japan as the third-largest construction market with annual growth averaging 7.4% annually in the sector. The steady growth of this engineering sector among emerging economies produces positive forecasts based on solid facts: emerging economies in 2012 grew at a faster rate than the advanced ones, producing more than 50% of the global construction output.
Housing and Green energy seem to be the main trending development challenging innovation in the Construction sector.
Building new sustainable housing in cities is the main challenge for Construction industry which by 2050 is set to be addressing the needs of two more billion people. From 2016-2020, the construction industries in advanced economies combined are forecast to expand by 2.2% a year on average, while African, Asian and Latin American countries will record an average 5.3% annual expansion during the same period.
The green-building sector is steadily growing. The European efficiency-related construction market is expected to double to €140 billion by 2020.
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