MARKET INSIGHT | EUROPE
Western Europe – Industrial construction project pipeline, projected spending Value by stage ($ millions)
120,000 100,000 80,000 60,000 40,000 20,000 0
2022 2023 2024 2025 2026 2027 2028 Pre-planning Planning Pre-execution Execution Construction complete Note: Based on assumption that all projects proceed as planned and that spending is evenly distributed during the construction phase. 2029
Western Europe – Industrial construction project pipeline By sub-sectors ($ millions)
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000 Chemical and pharmaceutical plants Manufacturing plants Metal and material production and processing plants Waste processing plants
Western Europe – Industrial construction project pipeline Funding mode (% of total)
Public/private 12%
400,000
450,000
Public 7%
Private 81%
32 | August 2025 |
www.hoistmagazine.com
GlobalData is currently tracking industrial construction projects in Western Europe with a total value of $408.4bn, which includes projects from announcement to execution stages. The overall pipeline in Western Europe is skewed towards projects in the earlier stages, with those in the pre-planning and planning stage accounting for 62% of projects, totalling $253.4bn in value. Assuming all projects move ahead as planned, spending will peak in 2026 at $96.3bn, with $51.9bn expected spending for 2025 in Western Europe. The UK is the largest country in the Western Europe region, accounting for 22.8% of the regions pipeline, by value, at $92.9bn. France and Germany follow, with 15.8% and 12.3% of the region’s total project pipeline at $64.5bn and $50bn, respectively. The largest project in the pipeline is the $15bn Sellafield Plutonium Recycling Plant project, which is in the planning stage and involves the construction of a plutonium recycling plant in Cumbria, England. The project also includes the construction of a new MOX fabrication facility, plutonium storage facilities, a substation, a waste disposal facility and installation of reactor coolant pumps.
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