Each year, Industrial SalesLeads, an MNI partner, reports on new planned industrial capital projects. The types of industrial projects tracked include facility expansions, new plant construction, and significant equipment modernization. These B2B projects help businesses serving the industrial sector gain insights into the scope and scale of various initiatives while identifying potential opportunities within these facilities. Included in this report are a representation of the 5,619 identified projects in 2024.
Planned Industrial Construction by Project Type:
Manufacturing Facilities – 1,638 New Projects
Processing Facilities – 1,271 New Projects
Distribution and Industrial Warehouse – 2,322 New Projects
Power/Energy/Oil and Gas - 129 New Projects
Laboratory Facilities - 198 New Projects
Planned Industrial Construction by Scope/Activity
New Construction – 2,516 New Projects
Expansion – 1,213 New Projects
Renovations / Equipment Upgrades – 2,029 New Projects
Relocations - 900 New Projects
Plant Closing - 306 New Projects
Industrial Project Opportunities - By Equipment Needs
Air Emissions Control Equipment – 2,547
Compressed Air Systems – 5,005
Control Systems and Instrumentation – 2,636
Conveyors – 3,002
Floor Coatings – 3,289
Material Handling/Storage Equipment – 3,773
Mechanical Construction – 4,710
Packaging Equipment – 1,909
Process Equipment – 1,058
Tanks/Vessels - 835
Largest Planned Industrial Construction Projects
During the year 2024, our research team identified 488 industrial construction projects with an estimated value of $100 million or more.
The largest project is owned by Substrate, Inc., who is planning to invest $108 billion for the construction of a 3 million sf manufacturing complex in BRYAN, TX. They are currently seeking approval for the project.
Top 10 Tracked Industrial Projects
Clay, NY
Semiconductor mfr. is planning to invest $100 billion for the construction of a 7.2 million sf manufacturing complex in CLAY, NY. Construction will occur in phases, with completion slated for 2030.
New Albany, OH
Semiconductor mfr. is investing $28 billion for the construction of a manufacturing and office campus in NEW ALBANY, OH. Completion is slated for late 2026.
Wood Buffalo, AB
Environmental protection agency is planning to invest $17 billion for the construction of a carbon capture and storage facility in WOOD BUFFALO, AB.
Indiana
Semiconductor mfr. is planning to invest $15 billion for the construction of a manufacturing facility and currently seeking a site in INDIANA.
Alliston, ON
Automotive mfr. is planning to invest $15 billion for the construction of an EV battery manufacturing complex in ALLISTON, ON. They are currently seeking approval for the project. Completion is slated for 2028.
Malta, NY
Semiconductor mfr. is planning to invest $12 billion for the construction of a 358,000 sf manufacturing facility on their manufacturing campus in MALTA, NY. The project includes the expansion of their existing plant. Construction is expected to start in 2025.
Carson, CA
Water utility service provider is planning to invest $8 billion for the construction of a wastewater treatment processing plant in CARSON, CA. They are currently seeking approval for the project. Construction is expected to start in 2026, with completion slated for 2032.
Falls City, NE
Specialty plastic mfr. is planning to invest $7.5 billion for the construction of a processing facility in FALLS CITY, NE. They are currently seeking approval for the project. Completion is slated for 2029.
Stanton, TN
Automotive mfr. is investing $5.6 billion for the construction of a 4 million sf EV automotive and battery manufacturing campus in STANTON, TN. Completion is slated for Fall 2027.
Lebanon, IN
Pharmaceutical company is planning to invest $5 billion for an expansion of their processing facility in LEBANON, IN. They are currently seeking approval for the project. Completion is slated for 2028.
Dig Deeper Into These Opportunities with Industrial Project Reports
For businesses aiming to stay ahead in this competitive environment, having access to real-time data and insights on these industrial expansions is critical. Industrial Project Reports offers in-depth, up-to-date information not only on expansions but also on relocations, new construction, equipment upgrades, plant closings, and capital equipment modernizations.
These reports cover key industries such as industrial manufacturing, plastics, food and beverage, metals, power generation, pulp paper and wood, oil and gas, mining and aggregates, chemical, research and development, distribution and supply chain, pipelines, pharmaceutical, misc. industrial buildings, waste water treatment, and data centers—giving you a strategic advantage in identifying new opportunities across North America.
Ready to explore how your business can benefit from these expansion projects and more? Learn more about Industrial Project Reports today.
Data for this report was provided by Industrial SalesLeads, a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Industrial SalesLeads is a partner of IndustryNet, helping you to access actionable market insights and generate new sales opportunities. Learn more about how to leverage these resources for your business.
