rozersmith021According to IMARC Group’s latest report, titled “Data Center Construction Market: Industry Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global data center construction market size reached US$ 51.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 80.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
Data center construction refers to the process of physically designing and building a data center facility with the required capacity, efficient design and disaster tolerance systems to perform essential functions. It generally consists of backup power supplies, data communication connections, air conditioning (AC), fire suppression systems, and security devices. It assists in the optimal utilization of resources and ensures that environmental factors are taken into consideration.
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Market Trends
Significant growth in the information technology (IT) industry, along with the continuous rise in data consumption and widespread utilization of big data analytics and cloud-based system, represents one of the major factors driving the market. Apart from this, the construction of green data centers is gaining traction across the globe as these data centers use low emission building materials that facilitate efficient waste recycling. Moreover, extensive infrastructural developments, in confluence with the launch of liquid cooling technology and direct-to-cooling chip server racks to prevent overheating in data centers, are anticipated to strengthen the market growth.
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List of Key Companies Covered in this Market Report:
- AECOM (NYSE: ACM)
- DPR construction Inc.
- Eaton Corporation Inc. (NYSE: ETN)
- Fujitsu Limited (TYO: 6702)
- Holder Construction Company
- Legrand SA (EPA: LR)
- Rittal GmbH & Co. KG
- Schneider Electric SE (EPA: SU)
- Tripp Lite
- Turner Construction
- Vertiv Group Corporation. (NYSE: VRT)
The report has segmented the market on the basis of construction type, data center type, tier standard, vertical and geography.
Breakup by Construction Type:
- Electrical Construction
- UPS
- Rack PDU (Power Distribution Unit)
- Generators
- Transfer Switches and Switchgears
- Others
- Mechanical Construction
- Cooling Systems
- Racks
- Others
Breakup by Data Center Type:
- Mid-Size Data Centers
- Enterprise Data Centers
- Large Data Centers
Breakup by Tier Standards:
- Tier I & II
- Tier III
- Tier IV
Breakup by Vertical:
- Public Sector
- Oil & Energy
- Media & Entertainment
- IT & Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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