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).

Who are the key vendors in the Global Data Center Construction Market?

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)'.

What is the key driver of Global Data Center Construction Market?

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.

What is the key market trend for Global Data Center Construction 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.

Which region accounted for the largest share in Global Data Center Construction Market?

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.

Data Center Construction Companies

Data Center Construction Market Competitive Landscape

Top Player’s Company Profiles in Data Center Construction Market

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)

Global Data Center Construction Market

FAQs

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 prominent companies in data center construction are increasingly emphasizing incorporating advanced technologies. It includes artificial intelligence, machine learning (ML), and IoT. These advanced technologies have the potential to improve the efficiency and sustainability of data centers. Many organizations in the sector are investing in research and development (R&D) to enhance energy-efficient construction procedures. They are primarily focusing on the utilization of renewable energy sources and innovative cooling systems to reduce carbon footprints. Furthermore, they are also increasing their market presence with the help of strategic alliances and acquisitions. This tactic is also helping them to make more profits with emerging growth potential of markets. '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)'

The emergence of cloud computing services has boosted the necessity for more data centers to provide these services. Many companies are moving towards cloud-based solutions, which is rising the demand for data center construction. This is because of its advantages like better scalability, flexibility, and cost-effectiveness. This transformation to cloud computing has also increased the demand for hyperscale data centers that can easily manage huge numbers of virtualized workloads.

Emergence of Edge Data Centers: The growth of edge computing has accelerated the advancement of edge data centers. These centers are deliberately located closer to end-users and IoT devices for reducing latency and enhancing performance. These smaller, distributed facilities allow real-time data processing. They also support latency-sensitive applications such as self-driving cars and augmented reality. The edge data centers are also constructed with flexibility, energy efficiency, and modular designs in mind due to the changing edge computing needs.

North America is dominating the data center construction market with the largest market share. The growth of data center construction in North America is increasing exponentially. This is because the providers are developing advanced data centers with sustainable building. They are also trying to offer operations and business procedures that can fulfill the growing demands of hyperscale data centers. In January 2024, EdgeCore Digital Infrastructure made an announcement about completing a USD 1.9 billion debt financing agreement for their Mesa, Arizona, data center campus. Along with the completion of this deal, the water-neutral, LEED-certified campus will extend over 3.1 million square feet of space. It will also sustain 450 MW of crucial load and fulfill the requirement of present and future clients.

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

Data Center Construction Market Competitive Landscape

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

Data Center Construction Market Competitive Landscape

Data Center Construction Market Report Snapshots

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FAQs

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

Who are the key vendors in the Data Center Construction Market?

What is the key driver of Data Center Construction Market?

What is the key market trend for Data Center Construction Market?

Which region accounted for the largest share in Data Center Construction Market?

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