Tennessee to Add 147 New Industrial Projects in 2024, Driving Economic Growth

Tennessee is revving its industrial engine in 2024—and the numbers don’t lie. According to the newly released 2024 CapEx report from Industrial SalesLeads, 147 new industrial projects have been confirmed across the state. These projects span new manufacturing facilities, warehouse construction, high-tech expansions, and strategic equipment modernizations—cementing Tennessee’s position as a rising industrial growth hub in the U.S.

Industrial SalesLeads has released the 2024 report on planned industrial capital project spending in Tennessee. The Firm monitors industrial project activity across North America, including facility expansions, new plant construction, and major equipment modernization efforts. Research findings confirm the identification of 147 new industrial projects in Tennessee for 2024, indicating continued investment and development in the state’s industrial sector.

From EV battery campuses and fusion energy labs to HVAC and chemical processing upgrades, Tennessee’s investment momentum shows no signs of slowing. For OEMs, suppliers, and B2B sales pros, this data provides a clear roadmap for lead generation, strategic prospecting, and industrial appointment setting.

The following are selected highlights on recent Tennessee industrial construction news and manufacturing capital projects.

📊 Tennessee Industrial Construction Breakdown by Project Type

These 147 industrial projects span a diverse range of verticals:

• Manufacturing Facilities: 63

• Processing Facilities: 29

• Distribution & Warehousing: 62

• Power/Energy/Oil & Gas: 2

• Laboratories: 1

• Data Centers: 1

Whether you're selling air systems, automation controls, or packaging lines, these project types offer clear paths to growth.

🏗️ Activity Scope – What Type of Work is Happening?

The report breaks down Tennessee’s project activity by scope:

• New Construction Projects: 58

• Facility Expansions: 48

• Renovations & Equipment Upgrades: 41

• Relocations: 17

• Plant Closures: 12

This activity demonstrates an aggressive CapEx environment, with companies expanding footprints and modernizing legacy infrastructure.

⚙️ Equipment & System Demand Across TN Projects

These projects are fueling significant demand across key industrial categories:

• Compressed Air Systems: 129

• Mechanical Construction: 123

• Material Handling & Storage: 109

• Conveyors: 84

• Control Systems & Instrumentation: 77

• Floor Coatings: 93

• Air Emissions Control: 74

• Packaging Equipment: 61

• Process Equipment: 22

• Tanks & Vessels: 20

If your company supplies these solutions—or sells to those who do—Tennessee should be on your radar.

Largest Planned Industrial Construction Projects in Tennessee

During the year 2024, our research team identified 13 industrial construction projects in TENNESSEE with an estimated value of $100 million or more. 

Thirteen Tennessee-based industrial projects broke the $100M mark in 2024, led by:

Ford Motor Company – Investing $5.6 billion into a 4 million sq. ft. EV and battery manufacturing mega-campus in Stanton, TN. Completion expected by Fall 2027.

The largest project is owned by Ford Motor Company, who 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. 

These projects create immense downstream opportunities for equipment manufacturers, facility services firms, automation providers, and B2B solution vendors.

🔟 Top Tracked Industrial Projects in Tennessee

1. Oak Ridge, TN – $2.5B federal investment to expand laboratory and R&D facilities.

2. Surgoinsville, TN – $1B, 1.2M sq. ft. specialty silicon production plant.

3. Chattanooga, TN – $1B proposed battery component manufacturing site.

4. Knoxville, TN – $300M manufacturing, warehouse, and office campus.

5. Memphis, TN – $238M HVAC facility renovation (787,000 sq. ft.).

6. Knoxville, TN – $225M industrial coatings processing plant (250,000 sq. ft.).

7. Clinton, TN – $223M clean fusion energy plant at Edgemoor Road.

8. Clarksville, TN – $150M processing facility expansion by industrial gas supplier.

9. Athens, TN – $100M upgrade and expansion at auto component factory.

10. Mt. Juliet, TN – $85M renovation of 400,000 sq. ft. electrical component plant.

Each of these sites represents a high-value entry point for appointment setting, lead nurturing, and strategic B2B outreach.

🧭 Why This Matters

For manufacturers, suppliers, and contractors operating in verticals like material handling, mechanical contracting, HVAC, controls, industrial paint, EV, and packaging equipment—Tennessee offers a fertile landscape of verified industrial opportunities.

And with Industrial SalesLeads delivering real project data—not stale lists—you get in front of decision-makers before the RFP ever hits the street.

🔹 About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads has been a trusted partner for B2B sales and marketing teams focused on the industrial and manufacturing sectors. Headquartered in Jacksonville, FL, the company delivers verified industrial construction project intelligence and outsourced lead generation services to help sales pipelines scale with predictability and precision.

Industrial SalesLeads is a leader in delivering industrial capital project intelligence and Outsourced Lead Generation services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Lead Generation Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com. 

Whether you’re targeting new construction, equipment upgrades, plant relocations, or expansion projects, our Industrial Project Reports give you an unfair advantage in competitive markets like Tennessee.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

• 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
• Data Centers

Want in on the growth?
Let’s connect and put your team in front of the right buyers, faster.

👉 Visit salesleadsinc.com to learn more.