PROJECT PIPELINE
semiconductor manufacturing. Chip demand has risen sharply due to the expansion of data centres. Further supporting this positive outlook, data
from the US Census Bureau shows that new manufacturing orders increased by 4% YoY in the first 11 months of 2025, a notable improvement compared to a marginal annual decline of 0.5% recorded in 2024.
GlobalData is currently tracking industrial construction projects in North America valued at $1.1trn. The pipeline is slightly weighted towards later stages of development, with 54.9% of projects (by value) in pre-execution and execution phases. The US dominates the regional pipeline with an 84.4% share by value, followed by Canada at 15.5%. The largest individual project in the pipeline is the
$100bn Clay Semiconductor Fabrication Facility in New York, US, which is currently in the planning stage. The project entails the development of a large-scale fabrication campus spanning 545ha, including production and assembly units, a warehouse, administrative facilities and the installation of machinery along with safety and security systems.
North America, industrial construction project pipeline, value by stage ($ million)
0
200,000
400,000
600,000
800,000
1,000,000
North America, industrial construction project pipeline, value by stage and country ($ million) Pre-planning Planning Pre-execution Execution
1,200,000
US
Canada 0 200,000 400,000 600,000 Pre-planning Planning Pre-execution Execution North America, industrial construction project pipeline, project type ($ million) 800,000 1,000,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000 Manufacturing plants Chemical & pharmaceutical plants Waste water processing plants Metal & material production & processing plants
North America, industrial construction project, projected spending value by stage ($ million)
250,000 200,000 150,000 100,000 50,000 0
North America, industrial construction project pipeline, funding mode ($ million)
Public / private 82.8% Public 4.4%
2024
2025
2026
2027
2028
2029
2030 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.
64 Summer 2026 |
ochmagazine.com Private 82.8%
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