Global Data Center Construction Market Analysis & Outlook 2019-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 2, 2019--The “Data Center Construction Market to 2027 - Global Analysis and Forecasts by Types of Construction; By Tier Standards; and By Industry Verticals” report has been added to ResearchAndMarkets.com’s offering.
The global Data Center construction market accounted for US$ 45.1 Bn in 2018 and is expected to grow at a CAGR of 8.4% over the forecast period 2019-2027, to account for US$ 89.9 Bn in 2027.
The demand of Data Center construction market is largely influenced by rise in the demand of green/energy efficient data center, which is designed to achieve maximum energy efficiency and decreasing the environmental impact. For this purpose, strategies to reduce carbon footprint are used within the data centers including low-emissions building materials usage, minimizing building footprints, water and waste recycling as well as making use of alternative energy technologies.
These alternative technologies include heat pumps, photovoltaic, evaporative cooling etc. For achieving energy efficiency and controlling the costs of operations, several companies are already implementing measures to reduce electricity and water usage in the data centers.
The Data Center construction market is fragmented with the presence of several industries, and the competitive dynamics in the data center construction market is expected to change in the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies as well as private data center construction market player to further accelerate the global Data Center construction market.
For instance, Amazon is planning to build a US$ 1.08 Bn (Euro 1 Bn) data center in Dublin; IBM plans to open three data centers in UK; also, after two data centers in Ireland and Denmark, Facebook is announced to construct its third data center in Denmark. Furthermore, Interxion has plans to invest US$ 87.8 Mn (Euros 83 Mn) to construct new data center facilities in London, Frankfurt, and Stockholm.
On the basis of type of construction, the electrical design segment is leading the Data Center construction market and is anticipated to grow at a highest CAGR. Growth of this segment is primarily driven by technological advancement in modern data processing servers and storage systems.
Utilization of advanced analytical techniques across enterprises is demanding the deployment of high speed processing equipment in data center facilities. Further, development in cloud computing is encouraging the companies to replace old IT infrastructure equipment in order to keep pace with innovation.
Some of the prominent companies present in Data Center construction market are DPR Constructions, Inc., Fujitsu Limited, Hitachi Vantara Corporation (Hitachi Ltd.), AECOM, Holder Construction Company, Rittal GmbH & Co. KG, Tripp Lite, Turner Construction, The Whiting-Turner Contracting Company, and Schneider Electric. SE among other data center construction market players.
Key Topics Covered
2. Key Takeaways
3. Data Center Construction Market Landscape
4. Global Data Center Construction Market - Key Industry Dynamics
5. Data Center Construction Market - Global
6. Global Data Center Construction Market Analysis - by Types of Construction
7. Global Data Center Construction Market Analysis - by Tier Standards
8. Global Data Center Construction Market Analysis - by Industry Vertical
9. Global Data Center Construction Market - Geographical Analysis
10. Industry Landscape
11. Competitive Landscape
12. Global Data Center Construction Market - Key Company Profiles
- DPR Construction Inc.
- Fujitsu Limited
- Holder Construction Company
- Rittal GmbH & Co. KG
- Tripp Lite
- Turner Construction
- The Whiting-Turner Contracting Company
- Schneider Electric SE
- Hitachi Vantara Corporation
For more information about this report visit https://www.researchandmarkets.com/r/njhz24
View source version on businesswire.com:https://www.businesswire.com/news/home/20190502005411/en/
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Related Topics:Data Centers
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SOURCE: Research and Markets
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PUB: 05/02/2019 07:40 AM/DISC: 05/02/2019 07:40 AM