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"Global Data Center Construction Market was Valued at US$ 76.628 Bn in 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 3.23% During the Forecast Period.”
Data centre construction is the collective set of processes used to physically construct a data centre facility. It combines construction standards data centre operational environmental requirements. The data centre is a room on a raised floor used to hosts computer systems and related IT equipment. The construction of the data centre allows the airflow underneath and through grated tiles.
Exponential growth in the data as a result of digital transformation has led to increased demand for edge computing. This rise in the edge computing has further increase in the array of smaller data centers that are build closer to the population centers. As the edge computing processes, data and services in closer proximity of the end user, its demand in a smaller emerging market are projected to grow significantly.
Rising penetration of connected devices and convenient access to web coupled with decreasing value of internet offerings has resulted in up surged demand for the data storage worldwide. This due to growing demand for big facts analytic and cloud services, such as on line contents such as movies, apps, video and social media.
By Electrical Construction, UPS are expected to account for major share of Global Data Center Construction Market
UPS systems dominated the majority of the market size in 2018, growing at a CAGR of over 6% during the forecast period. The development of rack stage UPS structures is propelling the boom of this market segment in the international market. The implementation of present day UPS structures with battery monitoring controls to predict the possibility of failure and protection needs will radically change the world market. The adoption of lithium-ion UPS systems services operators in developed nations to reduce the OPEX via decreased protection price will create new avenues for main companies in the market. The continuous improvements in UPS options and growing demand for modern-day options in rising countries will attribute to the growth of this section in the global market
By Tier Standard, Tier 3 is expected to expand at a rapid CAGR in the global Data Center Construction market.
Tier 3 standards occupied majority of the market size in 2017, growing at a CAGR of over 5% during the forecast period. The developing need for tier 3 certification from Uptime Institute to attract customers and make bigger occupancy rate to up 80% up the front will raise the increase of this segment in the global market. The developing deployment of modular amenities in the creating international locations will include minimum of N+1 redundancy in power and cooling capacity to keep away from strength fluctuation and outages problem thereby, using the requirement for tier 3 standards in these regions. The improvement of environment friendly infrastructure will enable carriers to appeal to more customers and enhance revenues in the international statistics core development market.
Increasing Investment in Data Centre Construction is high in Latin America
Latin America occupied a significant market size in 2017, growing at a CAGR of around 11% during the forecast period. The increasing investments from collocation provider providers, telecommunication carrier companies and hyperscale developers are augmenting the demand in the two building of the new amenities in the Latin American market.
The developing building of giant and mega amenities with a energy potential of over 5MW will seriously change the market in the area over the next few years. Developing areas are fueling the demand for modular facilities tasks in the international market. For instance, Flexenclosure entered the Latin America market in 2016 and is journey high interest from local carrier carriers in building modular options thereby, creating new possibilities for main vendors in the Latin American market.
The Global Data Center Construction Market is very competitive with the presence of a large number of global and local/regional manufacturers. Key manufacturers such as ABB, Eaton, Rittal, Schneider Electric, STULZ, Vertiv, Caterpillar, Cummins, IBM Corporation, SAS Institute Inc, Turner Construction Co., DPR Construction, Inc, Fortis Construction, Hensel Phelps Construction Co., Inc., HITT Contracting Inc, JE Dunn Construction Group, Inc., M. A. Mortenson Company, Inc, AECOM, Gilbane Building Company, Inc, Clune Construction Company, L.P., Nabholz Corporation, RagingWire Data Centers, Inc., CyrusOne Inc., Cyxtera Technologies, Inc. In the current scenario, Europe and North America are projected to account for more than half of the market share of the global Data Center Construction market due to higher demand in these regions.
Data Center Construction Market Segmentation:
By Construction Type
- General Construction
- Electrical Design
- Mechanical Design
By Tier Standard
- Tier 1
- Tier 2
- Tier 3
- Tier 4
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Media and Entertainment
- Retail and eCommerce
- Telecom and Information Technology (IT)
- North America
- Asia- Pacific
- Middle East and Africa
- Latin America