Canada Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

THE CANADA DATA CENTER MARKET SIZE WAS VALUED AT USD 5.44 BILLION IN 2024 AND IS EXPECTED TO REACH USD 12.27 BILLION BY 2030, GROWING AT A CAGR OF 14.54% DURING THE FORECAST PERIOD.

Canada Data Center Market Report

Canada Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

140 pages

14 tables

26 charts

1 region

1 countries

76 company

7 segments

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THE CANADA DATA CENTER MARKET SIZE WAS VALUED AT USD 5.44 BILLION IN 2024 AND IS EXPECTED TO REACH USD 12.27 BILLION BY 2030, GROWING AT A CAGR OF 14.54% DURING THE FORECAST PERIOD.

The Canada Data Center Market Report Includes Size in Terms of

  1. IT Infrastructure: Servers, Storage Systems, and Network Infrastructure
  2. Electrical Infrastructure: UPS Systems, Generators, Transfer Switches & Switchgears, PDUs, and Other Electrical Infrastructure
  3. Mechanical Infrastructure: Cooling Systems, Rack Cabinets, and Other Mechanical Infrastructure
  4. Cooling Systems: CRAC & CRAH Units, Chiller Units, Cooling Towers, Condensers & Dry Coolers, and Other Cooling Units
  5. General Construction: Core & Shell Development, Installation & Commissioning Services, Engineering & Building Design, Fire Detection & Suppression Systems, Physical Security, and DCIM
  6. Tier Standard: Tier I & Tier II, Tier III, and Tier IV
  7. Geography: Montreal, Toronto, and Other Cities

Get Insights on 112 Existing Data Centers and 11 Upcoming Facilities across Canada.

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CANADA DATA CENTER MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (INVESTMENT)USD 12.27 Billion (2030)
MARKET SIZE (AREA)925 thousand sq. feet (2030)
MARKET SIZE (POWER CAPACITY)246 MW (2030)
CAGR - INVESTMENT (2024-2030)14.54%
COLOCATION MARKET SIZE (REVENUE)USD 2.11 Billion (2030)
HISTORIC YEAR2021-2023
BASE YEAR2024
FORECAST YEAR2025-2030
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CANADA DATA CENTER MARKET SIZE & OVERVIEW

The Canada data center market size will witness investments of USD 12.27 billion by 2030, growing at a CAGR of 14.54% during the forecast period.

Canada is one of the most developed data center markets in North America, and the Canada data center market has witnessed investment in data centers from global and local data center operators. For instance, In January 2025, Nadia Partners, a venture capital firm, announced the launch of a new data center firm, Beacon AI Centers. The company plans to develop AI data centers across Montreal, Canada.

Canada has a strong infrastructure including a reliable network of submarine cables and high-speed internet connectivity. It has around 18 undersea cables that connect the U.S., Iceland, the UK, Greenland, Ireland, Japan, Saint Pierre, and Miquelon. The country is set to host around three upcoming submarine cables such as EAUFON 3, Leif Erikson, and Sunoque III. Additionally, Canada has around 29 internet exchange points such as Montreal (QIX), Toronto (TORIX), Vancouver (VANIX), and Calgary (YYCIX), among others. Furthermore, the Canadian government supports investment in AI technology. For instance, in December 2024, the Minister of Innovation, Science, and Industry of Canada launched the Canadian Sovereign AI Compute Strategy. Under this strategy, the government is likely to invest around USD 2 billion to support AI in Canada.

The Canadian government supports green energy and has taken the initiative to attract renewable energy investors by offering tax incentives for clean energy technologies. For instance, the government offers a refundable tax credit of 30% for investment in electricity generation systems, stationary electricity storage systems, low-carbon heat equipment, industrial zero-emissions vehicles, and related charging or refueling equipment.

KEY HIGHLIGHTS

  1. Canada is witnessing significant investment in AI-ready data centers. For instance, in October 2024, eStruxture announced plans to build a new AI-ready data center in Calgary, Alberta, with an investment of around USD 540 million. The facility is likely to offer a power capacity of around 90 MW; will support rack densities of up to 125 kW and is expected to be operational by 2026.
  2. With the development of AI-ready data centers in the Canada data center market, the demand for liquid cooling solutions is also expected to grow. For instance, in January 2025, Bit Digital plans to upgrade its acquired facility MTL2 with direct-to-chip liquid cooling technology to support AI and other high-performance workloads.
  3. Major cloud service providers, including Amazon Web Services (AWS), Google, IBM, Microsoft, Oracle, and Tencent Cloud have a strong presence in the Canada data center market. In addition, existing cloud operators are expanding their cloud infrastructure due to the rising demand for cloud computing in Canada. For instance, in June 2024, Microsoft announced the start of construction on the first phase of its new data center in Quebec, which is expected to be completed by 2026.
  4. Operators in the Canada data center market are procuring renewable energy for their operations. For instance, the TOR01 data center campus by STACK Infrastructure is powered by 100% renewable energy. The second phase of the development will see hydroelectric power delivered by Toronto Hydro through its three diverse substations.
  5. The Canadian government and private companies have taken the initiative to upskill Canadian workers according to industry demand. For instance, AWS announced that, through its 'AI Ready' initiative, it will provide free AI and generative AI skills training and education to two million people by 2025.
  6. According to the International Trade Administration (ITA), the Canadian digital economy is expected to grow at a CAGR of around 9% through 2025. This growth is driven by factors such as increased adoption of e-commerce, investments in AI, and the expansion of digital payment in Canada.

WHY SHOULD YOU BUY THIS RESEARCH?

  1. Market size available in the investment, area, power capacity, and Canada colocation market revenue.
  2. An assessment of the data center investment in Canada by colocation, hyperscale, and enterprise operators.
  3. Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
  4. A detailed study of the existing Canada data center market landscape, an in-depth market analysis, and insightful predictions about the Canada data center market size during the forecast period.
  5. Snapshot of existing and upcoming third-party data center facilities in Canada
  6. Facilities Covered (Existing): 112
  7. Facilities Identified (Upcoming): 11
  8. Coverage: 20+ Cities
  9. Existing vs. Upcoming (Data Center Area)
  10. Existing vs. Upcoming (IT Load Capacity)
  11. Data center colocation market in Canada
  12. Colocation Market Revenue & Forecast (2021-2030)
  13. Retail & Wholesale Colocation Pricing
  14. The Canada data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  15. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
  16. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
  17. A transparent research methodology and the analysis of the demand and supply aspects of the market.

VENDOR LANDSCAPE

  1. The Canada data center market has the presence of several global support infrastructure providers that will increase its competitiveness in the market. Some of the support infrastructure vendors present in the Canada data center market include ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Johnson Controls, Legrand, Schneider Electric, Vertiv, and others.
  2. Some of the key colocation data center investors in the Canada data center market include Cologix, Compass Datacenters Digital Realty, Equinix eStruxture Data Centers, Qscale, Urbacon Data Centre Solutions, Vantage Data Centers, and Others.
  3. The rising demand and significant growth opportunities have led to an increase in the investment in data centers from new entrants. These new entrants in the Canada data center market include Beacon AI Centers, Bit Digital, Cohere+ CoreWeave, Gatineau Data Hub (GDH), and Yondr. The rise in new entrants will increase competitiveness in revenue generation in the market in the coming years.
  4. The Canada data center market has several local and global construction contractors operating in the market including Arup, AECOM, Bird Construction Black & Veatch, DPR Construction, First Gulf, HDR, Jacobs, Karbon Engineering, PCL Construction, Pomerleau, Revenco, Rider Levett Bucknall (RLB), Salas O’Brien, Salute, Stantec, Turner Construction and others that have been offering their services in the market. For instance, In July 2024, Salas O'Brien announced the merger with Ehvert Mission Critical to offer design and construction services for hyperscale data centers.

EXISTING VS. UPCOMING DATA CENTERS

  1. Existing Facilities in the Region (Area and Power Capacity)
  2. Montreal
  3. Toronto
  4. Other Cities
  5. List of Upcoming Facilities in the Region (Area and Power Capacity)
  6. Montreal
  7. Toronto
  8. Other Cities

REPORT COVERAGE:

This report analyses the Canada data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

  1. IT Infrastructure
  2. Servers
  3. Storage Systems
  4. Network Infrastructure
  5. Electrical Infrastructure
  6. UPS Systems
  7. Generators
  8. Transfer Switches & Switchgears
  9. PDUs
  10. Other Electrical Infrastructure
  11. Mechanical Infrastructure
  12. Cooling Systems
  13. Rack Cabinets
  14. Other Mechanical Infrastructure
  15. Cooling Systems
  16. CRAC & CRAH Units
  17. Chiller Units
  18. Cooling Towers, Condensers & Dry Coolers
  19. Other Cooling Units
  20. General Construction
  21. Core & Shell Development
  22. Installation & Commissioning Services
  23. Engineering & Building Design
  24. Fire Detection & Suppression Systems
  25. Physical Security
  26. Data Center Infrastructure Management (DCIM)
  27. Tier Standard
  28. Tier I & Tier II
  29. Tier III
  30. Tier IV
  31. Geography
  32. Montreal
  33. Toronto
  34. Other Cities

VENDOR LANDSCAPE

  1. IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, Juniper Networks, Lenovo, NetApp, and Oracle.
  2. Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Bird Construction Black & Veatch, Computer Room Services Corporation (CRSC), DPR Construction, EllisDon, First Gulf, HDR, Jacobs, Karbon Engineering, PCL Construction, Pomerleau, Revenco, Rider Levett Bucknall (RLB), Salas O’Brien, Salute, Stantec, Turner Construction, TAG Engineering, Urbacon, and WZMH Architects.
  3. Support Infrastructure Providers: ABB, Alfa Laval, Caterpillar, Chatsworth Products, ClimateWorx, Cummins, CoolIT Systems, Dataprobe, Delta Electronics, Eaton, Generac, Johnson Controls, KyotoCooling, Legrand, Mitsubishi Electric, Panduit, Piller Power Systems, Rittal, Rolls-Royce, Schneider Electric, Siemens, STULZ, Toshiba, Trane, and Vertiv.
  4. Data Center Investors: Cologix, Compass Datacenters, Digital Realty, Equinix, eStruxture Data Centers, Google, Microsoft, OVHcloud, Qscale, STACK Infrastructure, Telehouse, Urbacon Data Centre Solutions, and Vantage Data Centers.
  5. New Entrants: Beacon AI Centers, Bit Digital, Cohere+ CoreWeave, Gatineau Data Hub (GDH), and Yondr.

TARGET AUDIENCE

  1. Real Estate Investment Trusts
  2. Construction Contractors
  3. Infrastructure Providers
  4. New Entrants
  5. Consultants/Consultancies/Advisory Firms
  6. Corporate and Government Agencies

SNAPSHOT

The Canada data center market size is projected to reach USD 12.27 billion by 2030, growing at a CAGR of 14.54% from 2024 to 2030.

The following factors are likely to contribute to the growth of the Canada data center market during the forecast period:

  1. Growing Inland & Submarine Connectivity
  2. Increasing Cloud Service Adoption
  3. Digitalization, Big Data & IoT The Driving Data Center Investments

Base Year: 2024

Forecast Year: 2025-2030

The report considers the present scenario of the Canada data center market and its market dynamics for 2025-2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the industry. 

The report includes the investment in the following areas:

  1. IT Infrastructure
  2. Servers
  3. Storage Systems
  4. Network Infrastructure
  5. Electrical Infrastructure
  6. UPS Systems
  7. Generators
  8. Transfer Switches & Switchgears
  9. PDUs
  10. Other Electrical Infrastructure
  11. Mechanical Infrastructure
  12. Cooling Systems
  13. Rack Cabinets
  14. Other Mechanical Infrastructure
  15. Cooling Systems
  16. CRAC & CRAH Units
  17. Chiller Units
  18. Cooling Towers, Condensers & Dry Coolers
  19. Other Cooling Units
  20. General Construction
  21. Core & Shell Development
  22. Installation & Commissioning Services
  23. Engineering & Building Design
  24. Fire Detection & Suppression Systems
  25. Physical Security
  26. Data Center Infrastructure Management (DCIM)
  27. Tier Standard
  28. Tier I & Tier II
  29. Tier III
  30. Tier IV
  31. Geography
  32. Montreal
  33. Toronto
  34. Other Cities

VENDOR LANDSCAPE

IT Infrastructure Providers

  1. Arista Networks
  2. Atos
  3. Broadcom
  4. Cisco Systems
  5. Dell Technologies
  6. Hewlett Packard Enterprise
  7. Huawei Technologies
  8. IBM
  9. Juniper Networks
  10. Lenovo
  11. NetApp
  12. Oracle

Data Center Construction Contractors & Sub-Contractors

  1. Arup
  2. AECOM
  3. Bird Construction Black & Veatch
  4. Computer Room Services Corporation (CRSC)
  5. DPR Construction
  6. EllisDon
  7. First Gulf
  8. HDR
  9. Jacobs
  10. Karbon Engineering
  11. PCL Construction
  12. Pomerleau
  13. Revenco
  14. Rider Levett Bucknall (RLB)
  15. Salas O’Brien
  16. Salute
  17. Stantec
  18. Turner Construction
  19. TAG Engineering
  20. Urbacon
  21. WZMH Architects

Support Infrastructure Providers

  1. ABB
  2. Alfa Laval
  3. Caterpillar
  4. Chatsworth Products
  5. ClimateWorx
  6. Cummins
  7. CoolIT Systems
  8. Dataprobe
  9. Delta Electronics
  10. Eaton
  11. Generac
  12. Johnson Controls
  13. KyotoCooling
  14. Legrand
  15. Mitsubishi Electric
  16. Panduit
  17. Piller Power Systems
  18. Rittal
  19. Rolls-Royce
  20. Schneider Electric
  21. Siemens
  22. STULZ
  23. Toshiba
  24. Trane
  25. Vertiv

Data Center Investors

  1. Cologix
  2. Compass Datacenters
  3. Digital Realty
  4. Equinix
  5. eStruxture Data Centers
  6. Google
  7. Microsoft
  8. OVHcloud
  9. Qscale
  10. STACK Infrastructure
  11. Telehouse
  12. Urbacon Data Centre Solutions
  13. Vantage Data Centers

New Entrants

  1. Beacon AI Centers
  2. Bit Digital
  3. Cohere+ CoreWeave
  4. Gatineau Data Hub (GDH)
  5. Yondr

CANADA DATA CENTER MARKET FREQUENTLY ASKED QUESTIONS

How big is the Canada data center market?

The Canada data center market will witness investments of USD 12.27 billion by 2030.

How many existing and upcoming data center facilities exist in Canada?

There are around 112 existing data center facilities and 11 upcoming data center facilities in Canada.

How much MW of power capacity will be added across Canada during 2025-2030?

Over 1,040 MW of power capacity will be added across Canada during 2025-2030.

What is the growth rate of the Canada data center market?

The Canada data center market is projected to grow at a CAGR of 14.54% during the forecast period.

What factors are driving the Canada data center market?

The demand for data center infrastructure in Canada is driven by several key factors, including growing inland and submarine connectivity, which is fueling data center developments. Additionally, the increasing adoption of cloud services, along with the rise of digitalization, big data, and IoT, is further accelerating data center investments. These factors collectively contribute to the growth of the Canada data center market.

Who are the key investors in the Canada data center market?

The key investors in the Canada data center market include Beacon AI Centers, Bit Digital, Cohere +CoreWeave, Cologix, Compass Datacenters, Digital Realty, Equinix, Gatineau Data Hub (GDH), Microsoft, OVHcloud, Urbacon Data Centre Solutions, Vantage Data Centers, Yondr and others.

Exhibit 1 Third-Party Data Centers Snapshot

Exhibit 2 Third-Party Data Center Snapshot by Cities

Exhibit 3 Area Developed by Cities (Thousand Square Feet)

Exhibit 4 Power Capacity by Cities (MW)

Exhibit 5 Data Center Market Size & Forecast by Investment 2021−2030 ($ Million)

Exhibit 6 Data Center Market Size & Forecast by Area 2021−2030 (Thousand Square Feet)

Exhibit 7 Market Size & Forecast by Power Capacity 2021−2030 (MW)

Exhibit 8 Data Center Colocation Service Revenue: Market Size & Forecast by 2021−2030 ($ Million)

Exhibit 9 Retail vs. Wholesale Colocation Revenue: Market Size & Forecast by 2021−2030 ($ Million)

Exhibit 10 Retail & Wholesale Colocation Pricing 2024

Exhibit 11 Market Size & Forecast by IT Infrastructure 2021−2030 ($ Million)

Exhibit 12 Market Size & Forecast by Electrical Infrastructure 2021−2030 ($ Million)

Exhibit 13 Market Size & Forecast by Mechanical Infrastructure 2021−2030 ($ Million)

Exhibit 14 Market Size & Forecast by Cooling Systems 2021−2030 ($ Million)

Exhibit 15 Market Size & Forecast by General Construction 2021−2030 ($ Million)

Exhibit 16 Breakup of Construction Cost 2024

Exhibit 17 Market Size & Forecast by Tier Standards 2021−2030 ($ Million)

Exhibit 18 Data Center Market Size & Forecast in Montreal by Investment 2021-2030 ($ Million)

Exhibit 19 Data Center Market Size & Forecast in Montreal by Area 2021-2030 (Thousand Square Feet)

Exhibit 20 Data Center Market Size & Forecast in Montreal by Power Capacity 2021-2030 (MW)

Exhibit 21 Data Center Market Size & Forecast in Toronto by Investment 2021-2030 ($ Million)

Exhibit 22 Data Center Market Size & Forecast in Toronto by Area 2021-2030 (Thousand Square Feet)

Exhibit 23 Data Center Market Size & Forecast in Toronto by Power Capacity 2021-2030 (MW)

Exhibit 24 Data Center Market Size & Forecast in Other Cities by Investment 2021-2030 ($ Million)

Exhibit 25 Data Center Market Size & Forecast in Other Cities by Area 2021-2030 (Thousand Square Feet)

Exhibit 26 Data Center Market Size & Forecast in Other Cities by Power Capacity 2021-2030 (MW)


LIST OF TABLES


Table 1 List of Upcoming Data Center Projects

Table 2 Data Center Site Selection Criteria

Table 3 Overall Market Size & Forecast 2021−2030

Table 4 Market Size & Forecast by Colocation Service Type 2021−2030 ($ Million)

Table 5 Market Size & Forecast by Infrastructure 2021−2030 ($ Million)

Table 6 Market Size & Forecast by IT Infrastructure 2021−2030 ($ Million)

Table 7 Market Size & Forecast by Electrical Infrastructure 2021−2030 ($ Million)

Table 8 Market Size & Forecast by Mechanical Infrastructure 2021−2030 ($ Million)

Table 9 Market Size & Forecast by Cooling Systems 2021−2030 ($ Million)

Table 10 Market Size & Forecast by General Construction 2021−2030 ($ Million)

Table 11 Investment Market Size & Forecast by Tier Standards 2021−2030 ($ Million)

Table 12 Montreal Market Size & Forecast 2021-2030

Table 13 Toronto Market Size & Forecast 2021-2030

Table 14 Other Cities Market Size & Forecast 2021-2030

1. Existing & Upcoming Third-Party Data Centers in Canada

1.1. Historical Market Scenario

1.2. 110+ Unique Data Center Properties

1.3. Data Center IT Load Capacity

1.4. Data Center White Floor Area Space

1.5. Existing Vs Upcoming Data Center Capacity by States

1.6. States Covered

1.6.1. Montreal

1.6.2. Toronto

1.6.3. Other Cities

1.7. List of Upcoming Data Center Projects

2. Investment Opportunities in Canada

2.1. Microeconomic and Macroeconomic factors for Canada Market

2.2. Investment Opportunities in Canada

2.3. Digital Data in Canada

2.4. Essential Steps for Establishing a Data Center in Canada

2.5. Investment by Area

2.6. Investment by Power Capacity

3. Data Center Colocation Market in Canada

3.1. Colocation Services Market in Canada

3.2. Retail Vs Wholesale Data Center Colocation

3.3. Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & Add-ons

4. Market Dynamics

4.1. Market Enablers

4.2. Market Trends

4.3. Market Restraints

5. Market Segmentation

5.1. IT Infrastructure: Market Size & Forecast

5.2. Electrical Infrastructure: Market Size & Forecast

5.3. Mechanical Infrastructure: Market Size & Forecast

5.4. General Construction Services: Market Size & Forecast

5.5. Breakup of Construction Cost

6. Tier Standards Investment

6.1. Tier I & II

6.2. Tier III

6.3. Tier IV

7. Geography

7.1. Montreal

7.2. Toronto

7.3. Other Cities

8. Key Market Participants

8.1. IT Infrastructure Providers

8.2. Construction Contractors & Sub-contractors

8.3. Support Infrastructure Providers

8.4. Data Center Investors

8.5. New Entrants

9. Appendix

9.1. Market Derivation

9.2. Site Selection Criteria

9.3. Quantitative Summary

9.4. List of Abbreviations

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Frequently Asked Questions

How big is the Canada data center market?

The Canada data center market will witness investments of USD 12.27 billion by 2030.

How many existing and upcoming data center facilities exist in Canada?

There are around 112 existing data center facilities and 11 upcoming data center facilities in Canada.

How much MW of power capacity will be added across Canada during 2025-2030?

Over 1,040 MW of power capacity will be added across Canada during 2025-2030.

What is the growth rate of the Canada data center market?

The Canada data center market is projected to grow at a CAGR of 14.54% during the forecast period.

What factors are driving the Canada data center market?

The demand for data center infrastructure in Canada is driven by several key factors, including growing inland and submarine connectivity, which is fueling data center developments. Additionally, the increasing adoption of cloud services, along with the rise of digitalization, big data, and IoT, is further accelerating data center investments. These factors collectively contribute to the growth of the Canada data center market.

Who are the key investors in the Canada data center market?

The key investors in the Canada data center market include Beacon AI Centers, Bit Digital, Cohere +CoreWeave, Cologix, Compass Datacenters, Digital Realty, Equinix, Gatineau Data Hub (GDH), Microsoft, OVHcloud, Urbacon Data Centre Solutions, Vantage Data Centers, Yondr and others.