Press release
Data Center Construction Market Growth 2023, Industry Size, Share, Trends and Forecast 2028
Report Highlights
How big is the data center construction market?
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.
What is data center construction?
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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What are the growth prospects and trends in the data center construction industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Region:
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
Who are the key players operating in the industry?
The report covers the major market players including:
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)
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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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