China: Architecture, Construction, Engineering (ACE) Service Market
Summary
From 2002 - 2006, the total output of China’s construction industry increased from $245 billion to $542 billion, a 120% annual growth rate. Rapid development of urban centers, China’s aggressive western regions infrastructure development plans, and the 2010 Shanghai World Expo should provide market opportunities for American companies interested in China’s architecture, construction and engineering (ACE) services market.
The event will focus on improving the energy efficiency of buildings in China and is the best venue to showcase products, services and new technologies in this field. Minister Wang Guangtao and Vice Minister Qiu Baoxing of the Ministry of Construction will host this conference. The U.S. Department of Energy, and governments of European and Asian countries will send delegations to attend this event. This year’s event will feature a U.S. Pavilion, which provides an excellent platform for U.S. companies to showcase their products and services in this sector. The U.S. Pavilion will offer prospective U.S. exhibitors the following services: streamlined booth arrangements, market entry counseling and logistics liaison with Chinese organizers. We welcome and encourage American companies that provide energy efficient products and services to attend this high-level, technical-oriented conference and trade show. The U.S. Commercial Service in Beijing will work to facilitate communication between American exhibitors and the show organizer in making arrangement to exhibit and participate in this important event.
Market Demand
The construction market is a major driver of China’s economy. During the 11th Five Year period (2006-2010), the total construction plan is estimated to reach 2 billion square meters each year. According to the Industrialization Report issued by the Ministry of Construction’s Promotion Center for Housing, by 2010, China will have built 80 billion square meters of new housing. By 2020, estimates are 205 billion square meters. Construction spending in China increased 165% in the last four years, according to the National Bureau of Statistics of China, and is still expanding at 25% annually (Source: Reed Construction, June 7,2007).
The 11th Five Year Plan made “energy efficiency” and “environmental protection” top priorities in China’s construction industry. The Chinese government set a goal of reducing energy consumption per unit GDP by 20 percent in the five-year period from 2006 to 2010. The government also plans to reduce energy consumption in residential buildings by 50%. American construction and design firms will have a technological advantage in green construction, as most domestic producers lack expertise in environmentally friendly products.
For More Information Visit our website: http://www.buyusa.gov/china/en/ace.html
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