According 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 collective process of physically constructing a data center facility with sufficient capacity, disaster recovery systems, minimal wiring requirements, and an efficient layout that fulfills all necessary functions. It involves numerous tasks such as engineering, project management, planning, and preventative maintenance. It usually comprises data communication connections, security devices, power supplies, and air conditioning and fire suppression systems, which ensures that resources are optimally utilized, and all environmental factors are considered. As a result, data center construction is widely adopted in oil and gas, media and entertainment, retail, banking, financial services and insurance (BFSI), information and technology (IT), telecommunication, and healthcare sectors across the globe.
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Market Trends
The market is primarily driven by the significant expansion in the information and technology (IT) industry. In addition, the escalating demand for data center construction due to the increasing penetration of connected devices and easy access to the internet is contributing to market growth. Moreover, the emergence of cloud-based systems, the Internet of Things (IoT), and big data analytics to process numerous data, such as videos and audio, and the development of edge computing represent other major growth-inducing factors. Furthermore, large data centers are extensively constructed across various sectors to enhance networking infrastructure, computing ability, memory, and storage resources. Besides this, the increasing focus on green data centers that use low-emission building materials and promote sustainable ecosystems and efficient waste recycling is also creating a positive market outlook.
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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.
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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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