The data center construction market is expected to grow at a CAGR of 5.95% during the period 2022-2027, according to Research and Markets.
In 2021, the data center construction market witnessed 10+ new entrants and 50+ M&A and Joint Venture activities, along with a rapid expansion of US-based operators into the EMEA and APAC market.
Global data center construction market segmentation
In data center cooling and rack solutions the chiller systems dominate the global data center market, capturing a share of around 30% in 2021. The free cooling chillers has gained increased market traction across regions in colder climatic conditions.
By 2027, Over 50% of the prefabricated modular deployments will be complete, which will attract more investment in the data center construction market.
The US & China dominate the global data center construction market, contributing a combined share of around 50% in 2021. These countries will continue to dominate with skyrocketing construction of data center campuses, and migration of data centers to Tier 2 and Tier 3 cities
Market opportunities and trends
- Growing Renewable Energy Adoptions
- 5G Deployments to Grow Edge Data Centers
- Impact of AI Adoption on Data Center Infrastructure
- Increase in Use of Innovative Data Center Technologies