The report reveals that while the U.S. extraction market will grow as social and transportation sectors slow, lower energy costs in the U.S. will boost competitiveness in heavy energy-using sectors. PwC estimates that overall industrial output in the U.S. will likely be around two percent higher in the long-term than in a non-shale scenario. However, the impacts will be concentrated on heavy energy-using sectors, such as chemicals and metals. As such, the benefit to these sectors will be much greater than the economy-wide impact, spurring faster investment in these sectors than in other high-income economies. At the same time, “new economy” sectors will also continue to thrive in the U.S., with substantial investment in telecommunication networks, which PwC expects to increase from $77 billion in 2013 to $160 billion in 2025.
Infrastructure spending in a national contextView chart
Infrastructure spending by broad sectorView chart
Investment in extraction infrastructureView chart
Manufacturing infrastructure investmentView chart
Transportation infrastructure investmentView chart
Other utilities infrastructure investmentView chart