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Data Center Renovation Market Trends

Report ID: GMI5239
Published Date: Sep 2023
Report Format: PDF

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Data Center Renovation Market Trends

The demand for data center renovation is increasing globally due to the development of green data centers by leading service providers. They are engaged in integrating energy-efficient power, networking, cooling & storage solutions to reduce the environmental impact of IT devices and improve network connectivity simultaneously. For instance, in March 2022, Vantage Data Centers constructed green data centers in Canada. The company planned to extend its QC4 Montreal complex with a third building, which was scheduled to be launched in the fourth quarter of 2022.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Data center renovation industry was valued at USD 20 billion in 2022 and is expected to register over 14% CAGR from 2023 to 2032, fueled by the increase in reliance on online services for remote work, e-commerce, and cloud computing.

Network equipment product segment will account for over 37% share of the market by 2032, owing to rising demand for advanced networking solutions for data traffic management.

North America held more than 37% share of the global market in 2022, driven by the increasing use of AI, which is boosting computational demands amid the rising data traffic.

Key players operating in the data center renovation industry include Vertiv Group Corp., Schneider Electric SE, Dell Inc., Hewlett Packard Enterprise Company, Eaton Corporation, Huawei Technologies Co., Ltd., ABB Ltd., and Rittal GmbH & Co. KG, among others.