Home > Semiconductors & Electronics > Data Center > Data Center Infrastructure > Data Center Construction Market

Data Center Construction Market Trends

Report ID: GMI5949
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Data Center Construction Market Trends

The data center construction industry is witnessing significant trends driven by rising investments from leading companies. One prominent trend is the increasing focus on hyperscale data centers, fueled by the exponential growth of data and the demand for cloud services. Leading tech companies like Google, Amazon, and Microsoft are investing heavily in hyperscale data centers to support their expanding cloud infrastructure. Additionally, there's a growing emphasis on energy efficiency and sustainability in data center construction, with companies investing in innovative cooling technologies and renewable energy sources to reduce environmental impact.

Moreover, there is a trend towards modular and prefabricated data center construction, allowing for faster deployment and scalability. Overall, these trends reflect the evolving landscape of data center construction driven by the strategic investments of leading companies. To cite an instance, in April 2024, Blackstone, a US equity firm, was planning to acquire the Northumberland Energy Park (NEP3) site to develop a hyperscale data center. The site, located in Cambois, UK, was intended to be purchased by Blackstone on behalf of its data center landlord QTS.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for data center construction was USD 212.7 billion in 2023 and is projected to depict over 6% CAGR from 2024 to 2032, due to the expanding initiatives from leading companies to bolster their data center infrastructure.

The large data center segment in the data center construction market recorded USD 90 billion in 2023 and is estimated to grow at substantial CAGR between 2024 and 2032, led by the growing volume of digital data, and rising need for high-performance computing.

North America industry held over 40% share in 2023 and is predicted to grow at notable rate between 2024 and 2032, on account of the increasing dependence on cloud computing, IoT, and big data analytics.

Alibaba Cloud, Amazon Web Services (AWS), Apple iCloud, Baidu Cloud, Facebook (Meta), Google Cloud Platform (GCP), IBM Cloud, Microsoft Azure, Oracle Cloud Infrastructure (OCI), and Tencent Cloud are some of the leading data center construction companies worldwide.