The construction industry in the United States is expected to grow by 5.1% to reach USD 1.47 trillion in 2024.

Despite near-term challenges in certain construction sectors, the United States’s construction industry is poised for significant growth this year. However, the year’s end brought new variables: hurricanes in the Southeast and wildfires in the Southwest were joined by major political shifts in the U.S. – all of which are major disruptions to the construction industry’s expected trajectory into 2025. The infrastructure sector remains strong, with an expected 4.68% year-on-year increase for 2025. Investment in Power Infrastructure is a strategic area for growth as part of the green transition and has seen plenty of government investment.