Infrastructure Sector in China Market Size

Statistics for the 2023 & 2024 Infrastructure Sector in China market size, created by Mordor Intelligence™ Industry Reports. Infrastructure Sector in China size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Infrastructure Sector in China

China Infrastructure Sector Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.10 Trillion
Market Size (2029) USD 1.49 Trillion
CAGR (2024 - 2029) 6.32 %
Market Concentration Low

Major Players

China Infrastructure Sector Major Players

*Disclaimer: Major Players sorted in no particular order


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China Infrastructure Market Analysis

The Infrastructure Sector in China Market size is estimated at USD 1.10 trillion in 2024, and is expected to reach USD 1.49 trillion by 2029, growing at a CAGR of 6.32% during the forecast period (2024-2029).

  • The COVID-19 pandemic negatively impacted the economic livelihood of governments, businesses, and individuals in the country. In addition, the pandemic resulted in construction interruptions or delays due to a lack of personnel, supply chain disruptions, or delays in government approvals. After easing the restrictions, the government recognized the importance of infrastructure projects for re-establishing economic livelihoods and encouraged investments in the sector.
  • In 2021, China's cabinet announced that infrastructure investments in telecommunication networks, satellite navigation, the industrial internet, smart logistics, and transportation might increase in the coming five years. On the other hand, in August 2022, China's State Council announced more incentive policies, including an additional CNY 300 billion (USD 44 billion) in quotas for infrastructure spending and investments by banks, apart from the existing CNY 300 billion (USD 44 billion) announced at the end of June 2022.
  • The country is focusing on developing green energy, resulting in increasing investments in renewable power projects. For instance, in 2022, China tripled its investments in solar power projects in the first four months of the year. According to the National Energy Administration, the country invested more than CNY 29 billion (USD 4.3 billion) from January through April 2022, up by 204% higher than in the same period in 2021.
  • Under the first phase, the country started the 450 GW phase, and the second phase may cost more than CNY 3 trillion (USD 435 billion). However, the country is continuously developing infrastructure projects to overcome the pandemic's effect and build a strong economy.

China Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)