The "Data Center Construction Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Data Center Construction Market was valued at USD 61.84 ...
DUBLIN: The "Data Center Construction Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Data Center Construction Market was valued at USD 61.84 billion in 2023, and is expected to reach USD 113.62 billion by 2029, rising at a CAGR of 10.67%.
The global data center construction market is experiencing robust growth across different regions, driven by escalating demand for data infrastructure and services. In North America, prominent construction contractors such as AECOM, Arup, and Jacobs Turner Construction are capitalizing on the burgeoning data center construction market, supported by the expansion efforts of major colocation operators such as Equinix, Digital Realty, and CyrusOne.
In addition, hyperscale giants such as Amazon Web Services (AWS) and Microsoft are aggressively expanding their footprint, particularly in regions such as Northern Virginia and Texas, stimulating further construction activity. New entrants such as Corscale Data Centers and Skybox Datacenters are also making significant strides, intensifying competition and fostering innovation in the data center construction market.
Latin America presents a dynamic landscape with established players and emerging contenders. Construction contractors such as AECOM and Afonso Franca Engenharia are the leading key projects, while colocation operators such as Ascenty and ODATA (Aligned Data Centers) are spearheading the development of multiple data center facilities. Supporting infrastructure vendors such as ABB and Vertiv is crucial to facilitating construction activities and ensuring efficient regional operations. The entry of new players, such as Layer 9 Data Centers and CloudHQ, further enriches the competitive environment, signaling market disruption and expansion opportunities.
The convergence of sustainability, 5G, cloud adoption, and government support underscores a global push toward connectivity and innovation as data centers evolve to meet the demands of an increasingly interconnected world. Globally, data centers are shifting towards renewable energy sources, reflecting a commitment to sustainability and reducing carbon emissions. The International Energy Agency (IEA) predicts data centers will consume 8% of global energy by 2030.
The deployment of 5G networks drives the demand for edge data centers, enabling low-latency services and real-time decision-making across industries and supporting the data center construction market growth. Governments worldwide offer tax incentives and policies to attract data center investments. For instance, European governments prioritize compliance with regulations like GDPR and provide incentives for green initiatives to attract data center projects.
GEOGRAPHICAL ANALYSIS
Regarding investment, the North American region leads the global data center construction market with consistent yearly growth. From 2020 to 2029, North America has been witnessing a significant increase in investment, with a CAGR of 11.75%. North America, particularly North Virginia, is the epitome of data center development, boasting the highest concentration of facilities globally.
Locations such as Loudoun County in Virginia, Texas, California, Arizona, Illinois, Georgia, Oregon, and New York/New Jersey are the key hotspots, attracting major colocation and hyperscale operators. Strong connectivity, renewable energy options, and tax incentives contribute to their appeal. While North Virginia leads, other regions such as Texas, Arizona, and Georgia are witnessing significant growth, driven by hyperscale demand and favorable business environments.
While North America remains the dominant player in terms of investment, the APAC region emerges as a key emerging data center construction market, experiencing substantial growth in investment during the forecast period. With a CAGR of 10.28%, APAC showcases robust development driven by countries such as China, India, and Singapore. Adopting artificial intelligence (AI) and increasing investments from data center operators contribute to the region's growth trajectory. Additionally, Southeast Asian countries such as Malaysia and Indonesia stand out as significant investors, with anticipated acceleration in investments in the coming years.
In terms of area and power capacity, North America maintains its lead in the data center construction market, showcasing steady growth, while other regions such as Latin America, Europe, the Middle East, and Africa demonstrate noteworthy expansion. Latin America, for instance, shows promising growth in terms of area and power capacity, indicating a rising demand for data center infrastructure in the region. Similarly, the Middle East and Africa witness substantial growth in power capacity, driven by investments in smart cities, sustainable energy resources, and government initiatives.
KEY QUESTIONS ANSWERED:
Key Attributes:
Report Attribute | Details |
No. of Pages | 1201 |
Forecast Period | 2023 - 2029 |
Estimated Market Value (USD) in 2023 | $61.84 Billion |
Forecasted Market Value (USD) by 2029 | $113.62 Billion |
Compound Annual Growth Rate | 10.6% |
Regions Covered | Global |
VENDOR LANDSCAPE
Key Data Center Support Infrastructure Providers
Other Data Center Support Infrastructure Providers
Key Data Center Contractors
Other Data Center Contractors
Key Data Center Operators
Other Data Center Operators
New Entrants
SEGMENTATION ANALYSIS
Segmentation by Facility Type
Segmentation by Infrastructure
Segmentation by Electrical Infrastructure
Segmentation by Mechanical Infrastructure
Segmentation by Cooling Systems
Segmentation by Cooling Technique
Segmentation by General Construction
Segmentation by Tier Standards
For more information about this report visit https://www.researchandmarkets.com/r/2wwxum
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Fonte: Business Wire
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