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

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. 

Asia Pacific is witnessing the fastest growth in the data center construction market. The data center construction market is growing rapidly in the region because of factors like increasing digitalization and growing adoption of cloud computing in various sectors. Furthermore, the demand for data centers is also increasing due to the rising adoption of cloud and data localization. The implementation of growing advanced technologies like 5G and the internet of things is also boosting the growth of the market in the region. Many prominent cloud service providers in China like Huawei Cloud, Tencent Cloud, and AliCloud are also investing towards the advancement of data centers. Beijing is also considered the largest data center hub in Asia as there are a growing number of data center colocation service providers in the region.