What is the global market size of Data Center Construction Market?

Data Center Construction Market size was valued at USD 212.98 billion in 2021 and is poised to grow from USD 213.55 billion in 2022 to USD 354.30 billion by 2030, growing at a CAGR 7.5% during the forecast period (2023-2030).

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 Insights

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 expected to continue its growth trajectory as the demand for data storage and processing capabilities expands. Factors such as the proliferation of edge computing, 5G technology, and the increasing importance of data privacy and security are likely to drive the market further. Moreover, advancements in technologies like modular data center construction and prefabricated components are expected to streamline the construction process and improve efficiency in the coming years. The rise in digital transformation initiatives across various industries has led to the need for robust and scalable data center infrastructure. Additionally, the increasing adoption of cloud services by businesses and consumers has further fueled the demand for data center facilities. Key players in the global data center construction market include construction companies, engineering firms, and data center infrastructure providers. These companies offer services such as site selection, architectural design, electrical and mechanical installations, and project management.

The construction of data centers involves various stages, including site preparation, design and engineering, procurement of equipment and materials, construction of physical infrastructure, and commissioning. Sustainability and energy efficiency have become crucial considerations in data center construction, with an emphasis on utilizing renewable energy sources and implementing efficient cooling systems. Challenges in the data center construction market include the high cost of construction, complex infrastructure requirements, and the need for skilled labor and expertise in managing large-scale projects. Additionally, regulations and compliance standards related to data privacy and security pose additional challenges that need to be addressed during the construction process.

Global Data Center Construction Market Report Snapshots

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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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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

Global Data Center Construction Market Insights

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