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disruptions. In the US, the re-election of Donald Trump and his tariff-focused agenda is expected to intensify trends like reshoring, nearshoring, and friendshoring.
Industrial construction report G
overnments around the world are adopting protectionist policies aimed at boosting domestic manufacturing through investments in new facilities, largely in response to supply chain
Global – Industrial construction project pipeline By region ($m)
North America, 1,022,963
Sub-Saharan Africa, 153,449 Australasia, 200,741
Latin America, 259,029 Eastern Europe, 273,087
In this analysis, we investigate the North American industrial construction pipeline, along with the trends and policies from the federal government that could impact future growth.
While Trump’s push to “Make America Great Again” emphasises domestic
production and tariffs, the impact on the industrial sector is likely to be mixed. As a result of the administration change, there is a risk of project cancellations or funding freezes. In late January 2025, for instance, the Trump administration paused $42.1bn in clean energy funding, affecting projects involving EVs, solar power and battery production.
Western Europe, 332,800
North East Asia, 763,084
South East Asia, 395,362 Middle East and North Africa, 458,521 South Asia, 523,393
North America The US leads North America’s industrial construction pipeline, accounting for 87.6% of its total value. The region’s industrial outlook remains strong over the next five years, bolstered by a solid post-pandemic recovery. This rebound has been fuelled by reshoring initiatives and efforts to shift technology supply chains away from Asia – particularly China – amid rising trade tensions and intellectual property disputes. Although long-term growth was expected to be supported by
legislation such as the CHIPS and Science Act (providing around $80bn for semiconductor manufacturing) and the Inflation Reduction Act (offering $369bn over ten years for energy security and climate change programmes), President Trump’s opposition to these acts could weaken some investment momentum. This includes subsidies for electric vehicle (EV) manufacturing and related clean energy initiatives. Under the Biden-Harris administration, private sector commitments
had reached $988bn by late October 2024, targeting sectors such as semiconductors and electronics ($446bn), EVs and batteries ($180bn), clean energy ($84bn), biomanufacturing ($46bn) and heavy industry ($48bn). Moving forward, industrial construction will be heavily influenced by efforts to reduce US reliance on China for battery and electronics production. However, in January 2025, President Trump signed an executive order titled “Terminating the Green New Deal” that halted funding disbursements
under the Inflation Reduction Act and the Infrastructure Investment and Jobs Act – both key to Biden’s clean energy agenda. The freeze affects programmes like the National Electric Vehicle Infrastructure Formula Program and the Charging and Fueling Infrastructure Discretionary Grant Program. Despite the freeze, $96.7bn of the $107.6bn allocated to 53 projects had already been committed under Biden’s administration.
n GlobalData is currently tracking industrial construction projects in North America valued at approximately $1trn. A significant portion of this pipeline – 54.6% by value – is in the early stages, including pre-planning and planning phases.
n The largest project in the pipeline is the $100bn Clay Semiconductor Fabrication Facility in New York, which remains in the planning stage. The development includes a 55,741m2 semiconductor manufacturing facility, along with parking structures, cleanroom spaces for scientific research and the installation of advanced safety and security systems. Originally slated to begin construction in 2024, the project has been delayed to November 2025 due to environmental concerns.
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