2025-2034 Data Center Renovation Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Data Center Renovation Market Through 2025?
In recent years, there has been a significant expansion in the size of the data center renovation market. It's expected to increase from $29.48 billion in 2024 to $36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 22.1%. Factors contributing to this growth in the previous period include modernization of legacy infrastructure, rising needs for data storage, issues around energy efficiency, along with security and compliance enhancements.

What's the Projected Size of the Global Data Center Renovation Market by 2029?
The market size for data center refurbishment is predicted to exponentially increase in the upcoming years, reaching $96.05 billion by 2029 with a compound annual growth rate (CAGR) of 27.8%. This surge within the projected period can be credited to the integration of edge computing, 5G implementation, as well as the focus on sustainability and green computing, along with resilience and disaster recovery. Expected trends during this period entail technical progressions, environmentally friendly initiatives, and the advent of modular and scalable designs, coupled with advanced cooling technologies.

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Top Growth Drivers in the Data Center Renovation Industry: What's Accelerating the Market?
The surge in online service utilization is predicted to fuel the expansion of the data center renovation market. The heightened use of online services for various purposes such as payments, shopping, travel, entertainment, and medical applications is expected to escalate data traffic across diverse sectors. This would prompt leaders in the data center renovation market to upgrade their backend IT infrastructure, accommodating the continual market evolution. For example, data from the Switzerland-based United Nations agency for information and communication technologies, the International Telecommunication Union, in September 2023 indicated that 67% of the global population, or 5.4 billion people, were internet users, an increase from 5.3 billion people or 66% of the global populace in 2022. Consequently, the burgeoning use of online services propels the growth of the data center renovation market.

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What Trends Will Shape the Data Center Renovation Market Through 2029 and Beyond?
Leading businesses in the data center renovation sector are introducing vertical data centers to enhance their gains. A vertical data center, when used in the context of data center renovation, references an architectural or design method that utilizes vertical space efficiently within a data center site. For instance, Scala Data Centers, a Brazil-based data center service provider, launched a second major vertical facility in Latin America, the 6MW IT SGRUTB05 data center, in May 2023. The SGRUTB05, a tall 35.5 meter structure with five levels, 6,700 sqm area, contains approximately 400 racks in three high-density data halls with a total power capacity of nearly 9MW. The design, project, construction, and commissioning of the data center have been optimized through Scala's One Scala Template methodology, undertaken by a Centre of Excellence (CoE) team of over 200 professionals, catering to the demands of the Hyperscale market. SGRUTB05 operates solely on renewable energy, offers a PUE below 1.4, zero WUE, and upholds the eco-friendly data centre standards of LEED and ANSI/TIA-942-B.

What Are the Main Segments in the Data Center Renovation Market?
The data center renovationmarket covered in this report is segmented -

1) By Product: Cooling, Power, IT Racks And Enclosures, Networking Equipment, DCIM, Other Products
2) By Organization Size: Small Size Organization, Medium Size Organization, Large Size Organization
3) By Application: BFSI, IT And Telecom, Manufacturing, Government, Healthcare, Other Applications

Subsegments:
1) By Cooling: Air Conditioning Units (CRAC Or CRAH), Liquid Cooling Systems, In-Row Cooling, Free Cooling (Economizer), Hot Aisle Or Cold Aisle Containment Systems
2) By Power: Uninterruptible Power Supply (UPS) Systems, Backup Generators, Power Distribution Units (PDUs), Batteries and Energy Storage Solutions, Power Management Systems
3) By IT Racks And Enclosures: Server Racks, Rack Cabinets, Modular Racking Systems, Custom IT Enclosures
4) By Networking Equipment: Routers And Switches, Fiber Optic Cables And Connectors, Network Interface Cards (NICs), Firewalls And Load Balancers
5) By DCIM (Data Center Infrastructure Management): Monitoring And Management Software, Environmental Monitoring Tools (Temperature, Humidity Sensors), Asset Tracking And Management Systems, Energy Management Solutions
6) By Other Products: Fire Suppression Systems, Security Systems (Access Control, Surveillance), Cable Management Solutions, Environmental Sensors (Water, Smoke Detection), Physical Security Barriers

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Which Top Companies are Driving Growth in the Data Center Renovation Market?
Major companies operating in the data center renovation market include Equinix, Digital Realty, Schneider Electric, Vertiv, NTT Communications, Eaton Corporation, Hewlett Packard Enterprise, Cisco Systems, Fujitsu, IBM Corporation, ABB Ltd., Siemens AG, Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Iron Mountain, CyrusOne, QTS Realty Trust, DataBank, Flexential, STACK Infrastructure, CoreSite Realty, Aligned Data Centers, CloudHQ, Switch, RagingWire Data Centers, Evoque Data Center Solutions, Compass Datacenters, T5 Data Centers, Cologix

Which Regions Will Dominate the Data Center Renovation Market Through 2029?
South America was the largest region in the data center renovation market in 2024. North America was the second largest region of the data center renovation market. The regions covered in the data center renovation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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