Myanmar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027

Myanmar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027

Summary

GlobalData expects the construction industry in Myanmar to have contracted by 3.7% in real terms in 2023, owing to weak investor and consumer confidence, the impact of the ongoing civil war on public and private investment, frequent power outages, the depreciation of the Myanmar kyat, and the exit of international businesses from Myanmar following the 2021 military coup. As of September 2023, around 2GW of natural gas-based power plants, which were planned to be constructed through foreign direct investment are on hold. According to the International Labour Organization (ILO), the labour market in the country continues suffer due to the impact of 2021 military coup, which has resulted in increased unemployment and rising rates of poverty.

GlobalData expects the industry to register an annual average growth of 6.5% between 2024 and 2027, supported by investment in tourism, energy generation, housing and transport infrastructure, low base effects following the multi-year downturn and a gradual improvement in exports. In March 2023, Myanmar and China signed a memorandum of agreement (MOA) to implement three wind power projects in Ann, Gwa and Thandwe townships in Rakhine State, with a combined capacity of 360MW. In October 2023, the Russian state corporation ‘’Rosatom” and the Ministry of Science and Technology of the Republic of the Union of Myanmar signed a memorandum of understanding (MoU) to develop nuclear infrastructure in the country, and the building of 372 MW of wind energy capacity.

The report provides detailed market analysis, information, and insights into Myanmar’s construction industry, including -

• Myanmar’s construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Myanmar’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Myanmar, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.