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The Data Center Construction Market size is forecast to increase by USD 31.70 billion between 2019 and 2024, accelerating at a CAGR of 10%. The research report on the Data Center Construction Market offers industry forecasts and segmentation based on Type including Enterprise, Cloud, Colocation, and Hyperscale. Geographically, the report covers North America, Europe, APAC, South America, and MEA.
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Enterprises are increasingly adopting colocation and managed hosting services because of the increasing CAPEX and OPEX involved in running their data centers. This is one of the key data center construction market growth drivers. Most of the SMEs have budget constraints and cannot afford to maintain on-premise data centers, creating the need for colocation and managed hosting services. As a result, colocation service providers (CSPs) are recording an increase in sales of services, which, in turn, is prompting them to expand their data center facilities. For instance, Equinix announced a plan to open 12 new International Business Exchange (IBX) data centers and expand 23 existing IBX data centers by the end of 2019. Also, enterprises such as Facebook, Amazon.com, Apple, and Google are increasingly investing in the construction of data center facilities.Hence all these factors will propel the market advancement during the forecast period.
Portable Generator Market Size, By Region, Global 2020 - 2024.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. The demand for data centers in North America is growing due to increasing consumer and enterprise data traffic because of the following reasons.
The construction of new data centers and the renovation of existing data centers in the US will contribute a major share of revenue to the market in the region during the forecast period. New data center constructions also include the construction of colocation facilities, which can be utilized by enterprises for infrastructure that suits their business requirements. North America has been dominated by two hubs in data center construction, which are the US and Canada. In Canada, Toronto is the key location for data centers because of its fiber connectivity, cool ambient temperature, low electricity tariffs, tax-friendly environment, and low risk of natural disasters.
Data Center Construction Market Size, By Region, Global, 2020 - 2024.
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The Data Center Construction Market is fragmented in nature. Some significant players include ABB Ltd., AECOM, Ove Arup & Partners International Ltd., and DPR Construction.
The research report also includes detailed analyses of the competitive landscape of the market and information about market companies, including:
Eaton Corporation Plc, Legrand SA, Rittal GmbH & Co. KG, Schneider Electric SE, Turner Construction Co., and Vertiv Group Corp.
Data Center Construction Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2020-2024 |
USD 31.70 billion |
Market structure |
Fragmented |
YoY growth 2019-2020(%) |
9.12 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 32% |
Key countries |
US, UK, China, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., AECOM, Ove Arup & Partners International Ltd., DPR Construction, Eaton Corporation Plc, Legrand SA, Rittal GmbH & Co. KG, Schneider Electric SE, Turner Construction Co., and Vertiv Group Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Tier Level
Market Segmentation by Construction Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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