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Western Europe Data Center Construction Market Outlook & Forecast 2024-2029: The Top Choice for Hyperscale Facility Development Due to Free and Air-based Cooling Availability - ResearchAndMarkets.com

The "Western Europe Data Center Construction Market - Industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Western Europe Data Center Construction...

Autore: Business Wire

Western Europe Data Center Construction Market Outlook & Forecast 2024-2029: The Top Choice for Hyperscale Facility Development Due to Free and Air-based Cooling Availability - ResearchAndMarkets.com

DUBLIN: The "Western Europe Data Center Construction Market - Industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The Western Europe Data Center Construction Market was valued at USD 9.01 Billion in 2023, and is expected to reach USD 14.41 Billion by 2029, rising at a CAGR of 8.14%.

The increasing demand for data centers nationwide will provide significant opportunities for construction contractors to generate revenue. Some well-known construction contractors in the Western Europe data center construction market include AECOM, AEON Engineering, Arup, Basler & Hofmann, Bouygues Construction, Callaghan Engineering, Cap Ingelec, Collen, DPR Construction, Future-tech, Mercury, PM Group, Turner & Townsend, Winthrop Engineering and Contracting, and many more.

Major players Colt Data Centre Services (COLT DCS), CyrusOne, DATA4, Digital Realty, Echelon Data Centers, Equinix, Global Switch, Iron Mountain, NTT Global Data Centers, Orange Business Services, Vantage Data Centers, Yondr, and others have made substantial investments in the Western Europe data center construction market. Microsoft, Meta (Facebook), and Google are the major hyperscale operators investing in the Western Europe data center construction market.

The Climate Neutral Data Center Pact has significantly improved the sustainability of Western European data centers. By 2030, all signatories commit to powering their facilities with renewable energy. By October 2022, over 100 companies had signed the Climate Neutral Data Center Pact, representing over 90% of European data center capacity.

Western Europe is the top choice for hyperscale facility development due to free and air-based cooling availability. This advantage helps reduce power consumption in these regions. Data center investors are increasingly choosing locations like Spain, Portugal, Greece, and others with abundant renewable energy and reasonable land prices. Industry leaders like Microsoft, Meta, and Google are at the forefront of developing sustainable hyperscale facilities. Colocation data center developers also contribute by adopting initiatives like HVO, sustainable construction materials, and green facades.

Significant growth has been made in greenfield and modular data center developments. The modular data center developments are increasing as construction methods are deemed inefficient due to labor shortages, budget constraints, and construction delays in certain countries across the region. The increased demand for modular solutions from data center operators is increasing the revenue of modular data center solutions providers such as Vertiv, Dell Technologies, and HPE, among others.

The government's interest in promoting data center investments through land for development, renewable energy procurement, and reducing electricity tariffs will drive the colocation market in Europe during the forecast period.

KEY TRENDS

Rising AI Wave Boost Data Center Investment

Utilizing Advanced Cooling Technologies

Chip-Level Security in Data Centers

SEGMENTATION INSIGHTS

KEY QUESTIONS ANSWERED

Key Attributes:

Report Attribute Details
No. of Pages 406
Forecast Period 2023 - 2029
Estimated Market Value (USD) in 2023 $9.01 Billion
Forecasted Market Value (USD) by 2029 $14.41 Billion
Compound Annual Growth Rate 8.1%
Regions Covered Europe

Market Overview

Market Opportunities & Trends

Market Growth Enablers

Market Restraints

VENDOR LANDSCAPE

Prominent Support Infrastructure Providers

Prominent Construction Contractors

Prominent Data Center Investors

New Entrants

SEGMENTATION

Infrastructure

Electrical Infrastructure

Mechanical Infrastructure

Cooling Systems

Cooling Techniques

General Construction

Tier Standards

Geography

For more information about this report visit https://www.researchandmarkets.com/r/8ng8zt

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Fonte: Business Wire


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