US Data Center Construction Market To be Worth $12 Billion by 2024
Arizton’s recent research report on data center construction market in US provides comprehensive industry analysis, trends forecasts, and competitive analysis. The research study segments the market by infrastructure (electrical (UPS systems, generators, transfer switches & switch gears, rack PDUs, and others) and mechanical type (cooling systems, racks, and others), general construction (building development, installation and commissioning services, building design, physical security, and DCIM), facility size (small data centers, medium data centers, and hyperscale data centers), tier standards (Tier I and Tier II, Tier III, and Tier IV), and geography (South Eastern US, South Western US, Mid-Western US, Western US, and North Eastern US).
The data center construction market in US is projected to generate revenues of around $12 billion by 2024.
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Growing Investment from Colocation Providers
Due to increased adoption of cloud computing and big data analytics, US has emerged as the major contributor to the data center colocation market. The demand will be further fueled by IoT and artificial intelligence during the forecast period. Further, a substantial investment of more than $200 million by several colocation service providers would lead to construction and expansion of new data centers in US. Thus, increased investments in new facilities and expanding the existing facilities will lead providers to add thousands of square feet of net rentable area and hundreds of MW of power capacity in US colocation data center market. These growing investments by colocation providers are boosting the data center construction market in US. Further, Virginia, California, New York, Texas, North Carolina, and Chicago are the major market for colocation constructions in the US market.
Rising Construction of Green Data Center Facilities
The data center construction market in US is influenced by the increasing demand of energy efficient infrastructure leading to operations of facility at a PUE of less than 1.4. In data centers, there is a significant increase in energy consumption through IT and cooling infrastructures, so the use of efficient infrastructure can significantly reduce OPEX and CAPEX. Several organisations in US are focusing on constructing green data centers to reduce power consumption and environmental impact. Thus, the adoption of green data centers is likely to grow as they enhance system reliability and reduce power costs, thereby reducing total cost of ownership.
Increasing Renewable Procurement to Power Data Centres
The growing renewable consumption is likely to witness growth due to increased data center power consumption in the US and the need to decrease carbon footprint, many data center service companies are purchasing clean, renewable sources of energy to power their current and new facilities across the country. The hyperscale data center providers like Microsoft, Facebook, Apple, Google, and Amazon Web Services are the major investors in renewable energy initiatives. Thus, use of renewable energy will boost focus on data center design, redefine installation and commissioning procedures, and boost physical security demands for on-site power generation.
Some of the key vendors of the data center construction market in US are:
The key construction contractors in the data center construction market in US are AECOM, Corgan, DPR Construction, Holder Construction, Jacobs Engineering Group, Syska Hennessy Group, and Turner Construction. The key infrastructure providers in the data center construction market in US areABB, Airedale Air Conditioning, Eaton, Schneider Electric, STULZ, and Vertiv. The key data center investors are Apple, COPT Data Center Solutions, CyrusOne, Digital Realty, Equinix, Facebook, Google, Microsoft, Stream data center, and Vantage Data Center.
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The complete overview of the latest market research report on the data center construction market in US by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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