Global Data Center Construction Market

Global Data Center Construction Market Size, Share, Growth Analysis, By Type(Tier I, Tier II), By Application(Electrical Infrastructure and Mechanical Infrastructure) - Industry Forecast 2024-2031

Report ID: SQMIG45D2060 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 62 | Figures: 75

Global Data Center Construction Market Regional Insights

North America dominated the data center construction market due to the presence of several established cloud service providers, such as Amazon Web Services, Microsoft, and Google. The region also has a well-developed IT infrastructure, making it easier for companies to build and operate data centers. The United States is the largest market in the region, accounting for the majority of the market share. The country is experiencing significant growth in the construction of hyperscale data centers, which are increasingly being adopted by companies to manage and process large amounts of data. Canada is also emerging as a potential market, as the government is investing in developing its digital infrastructure.

The APAC region is expected to be the fastest-growing market for data center construction. The region is witnessing significant growth due to the increasing adoption of cloud computing and the growing number of internet users. The IT infrastructure market in the region is also expanding rapidly, with China being the largest market in the region. The Chinese market is being driven by the government's initiatives to promote digitalization, such as the Made in China 2025 plan. Japan is also a significant market, with several large data center providers operating in the country. Other countries, such as India and Australia, are emerging as potential markets due to their growing IT infrastructure and increasing demand for data center services.

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Global Data Center Construction Market size was valued at USD 213.55 billion in 2022 and is poised to grow from USD 229.57 billion in 2023 to USD 409.43 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2024-2031).

The global data center construction market is highly competitive, with several regional and global players operating in the industry. The market is characterized by intense competition, where companies strive to offer innovative solutions to meet customer demands. In order to improve their service offerings and brand value, market participants are concentrating on mergers, collaborations, and acquisitions, which is fostering a favourable atmosphere for the data centre building industry. Additionally, businesses are spending a lot of money on research and development to create new technologies that will lower building costs and boost data centre productivity. 'Turner Construction Company (US)', 'DPR Construction (US)', 'AECOM (US)', 'Skanska AB (Sweden)', 'Jacobs Engineering Group Inc. (US)', 'Clark Construction Group, LLC (US)', 'Hensel Phelps Construction Co. (US)', 'Structure Tone (US)', 'Fluor Corporation (US)', 'Mortenson (US)', 'ISG plc (UK)', 'Balfour Beatty plc (UK)', 'M. A. Mortenson Company (US)', 'Corgan (US)', 'NCC AB (Sweden)', 'Holder Construction Company (US)', 'Gilbane Building Company (US)', 'HITT Contracting Inc. (US)', 'The Whiting-Turner Contracting Company (US)', 'PCL Construction (Canada)'

One significant driver for the growth of the data center construction market is the increasing demand for cloud computing. As more companies shift their operations to the cloud, the need for data centers to store and manage data also increases. The rise in data consumption by enterprises is also contributing to the growth of the market. Moreover, the construction of hyperscale data centers and the establishment of multi-tenant or colocation facilities are expected to create more opportunities in the market.

The key market trend in the global data center construction market is the increasing adoption of modular data centers. Modular data centers offer several benefits, such as reduced construction time, lower costs, flexibility, scalability, and high energy efficiency. Modular data centers can be constructed in pre-fabricated modules, which can be assembled quickly and easily, and can be expanded or reduced based on the changing demands of businesses. This trend is gaining traction due to the need for rapid deployment and scalability of data center infrastructure in response to changing business requirements.

North America dominated the data center construction market due to the presence of several established cloud service providers, such as Amazon Web Services, Microsoft, and Google. The region also has a well-developed IT infrastructure, making it easier for companies to build and operate data centers. The United States is the largest market in the region, accounting for the majority of the market share. The country is experiencing significant growth in the construction of hyperscale data centers, which are increasingly being adopted by companies to manage and process large amounts of data. Canada is also emerging as a potential market, as the government is investing in developing its digital infrastructure.

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