Cognitive AI Is Fastest Growing Segment Fueling The Growth Of Data Center Construction Market

https://www.coherentmarketinsights.com/market-insight/data-center-construction-market-4872
Data Center Construction Market


Market Overview:
Data centers are facilities that house hundreds or thousands of servers and other IT equipment. They require specialized construction and building features to house, cool, and provide power to computer systems and associated components. This includes items like air handling units, power distribution units, fire suppression systems, raised flooring, and access control systems. The growing demand for cloud computing and data storage services is driving significant investment in new data center construction projects.

Market key trends:
One of the key trends in the data center construction market is the growing development of hyperscale data centers. Hyperscale data centers are massive in size, typically over 100,000 square feet, and are designed and built specifically for cloud computing and content delivery applications. Hyperscale operators like Amazon Web Services, Microsoft, Google, and Facebook have been spearheading massive investments in new data center campuses around the world. Their demand for customized, energy-efficient mega data centers is fueling significant business opportunities for specialist construction contractors. The hyperscale segment is expected to account for over 35% of the total data center construction market by 2028.

The global Data Center Construction Market Size is estimated to be valued at US$ 62586.47 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global data center construction market is segmented by electrical infrastructure, mechanical infrastructure, general construction, and tier standards. The mechanical infrastructure segment is expected to dominate the market owing to high adoption of cooling systems like HVAC systems in data centers. Mechanical infrastructure involves key components like cooling systems that play an essential role in the functioning of data centers as excess heat generated from servers needs to be managed efficiently. Hence, companies spend majorly on installing effective cooling solutions.

Key Takeaways
The global data center construction market is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing digitization and adoption of cloud-based services across organizations.
Regional analysis
North America is anticipated to dominate the market owing to heavy investments by technology giants like Amazon Web Services, Microsoft, Google, and IBM in the construction and modernization of data centers in the US and Canada. The region also has strong government backing for cloud adoption and infrastructure development.
Key players
Key players operating in the data center construction market are DPR Construction, Inc., Turner Construction Co., Holder Construction Company, Hensel Phelps Construction Co, Balfour Beatty US, Helix Electric, Sudlows, Kraus Anderson Construction, The Beck Group, PCL Construction Enterprises, The Walsh Group, Hill International, and Engineered Structures, Inc. (ESI). DPR Construction dominates the market owing to its expertise in data center construction and energy-efficient design & commissioning services for hyperscale data centers.

Read More: https://www.pressreleasebulletin.com/boost-the-data-center-construction-market-size-and-share-analysis/

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is...
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c...
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers ...
Read more