Jul 5, 2023   SOURCE: BusinessWire

Global Data Center Construction Market Report 2023: Sector is Expected to Reach $73.43 Billion in 2028 at a CAGR of 6.5% - ResearchAndMarkets.com

The "Data Center Construction Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global data center construction market is expected to reach $73.43 billion in 2028 from $50.34 billion in 2022 at a CAGR of 6.50%.

KEY HIGHLIGHTS/ TRENDS

Shift Towards Sustainable Measures to Reduce Carbon Emissions

The increasing data center power consumption and the need to decrease carbon emissions have prompted many service providers to purchase clean, renewable energy sources to power their current and new facilities. There is a high interest in adopting renewable power sources among global and local operators. Also, many smaller operators are installing solar panels on the rooftops of their facilities to power the data centers.

AI to Boost Liquid-Cooling Adoption

Liquid cooling will rapidly grow among data centers deploying AI & ML workloads. For instance, most upcoming facilities will include at least one data hall to support the deployment of advanced two-phase immersion cooling and direct-to-chip cooling solutions. Meta (Facebook) has announced its plan to pause several new and expansion projects across the U.S., as it wants to create a new AI design for the data center facilities.

Government Support to Develop Data Centers

Over the past few years, data center growth has focused on countries offering tax incentives. Many state and local governments provide investments and sales tax incentives to attract operators. The U.S. is leading in providing tax incentives to data center operators. Several states in the U.S. provide tax incentives to data centers for investments, job opportunities, and compensation for employees.

Impact of Supply Chain Disruption

Supply chain disruptions are a major challenge faced by data center developers recently. With the onset of COVID-19, supply chain disruptions increased, leading to a shortage of infrastructure such as power equipment, cooling infrastructure, chips, and other infrastructure. Also, political instability and disturbances between Russia and Ukraine led to a price hike in energy and fuel costs. One of the major shortages faced in the data center construction market was chip shortage, which led to a decline in manufacturing several infrastructures.

KEY QUESTIONS ANSWERED:

1. How big is the data center construction market?

2. What is the growth rate of the data center construction market?

3. What is the estimated market size in terms of area in the global data center construction market by 2028?

4. What are the key trends in the data center construction industry?

5. How many MW of power capacity is expected to reach the global data center construction market by 2028?

Key Attributes:

Report Attribute Details
No. of Pages 1143
Forecast Period 2022 - 2028
Estimated Market Value (USD) in 2022 $50.34 Billion
Forecasted Market Value (USD) by 2028 $73.43 Billion
Compound Annual Growth Rate 6.4%
Regions Covered Global

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Premium Insights

7.1 Market Overview

7.2 Key Highlights/ Trends

7.3 Segmentation Analysis

7.4 Geographical Analysis

7.5 Vendor Analysis

8 Introduction

8.1 Internet & Data Growth

8.2 Data Center Site Selection Criteria

8.2.1 Key

9 Market Opportunities & Trends

9.1 Sustainability Initiatives by Data Center Operators

9.2 5G Deployments Fueling Edge Data Center Investments

9.3 Surge in Rack Power Density

9.4 Sustainable Innovations in Data Center Power Technology

9.4.1 Ecodiesel Generators

9.4.2 Natural Gas Generators

9.4.3 Fuel Cells (Hydrogen)

9.4.4 Hydrotreated Vegetable Oil (Hvo) Fuel

9.4.5 Nuclear Energy Generation

9.4.6 Other Innovations

9.5 Innovative Data Center Power Technologies

9.5.1 Adoption of Advanced Ups Batteries

9.5.2 Software-Defined Data Centers & Ai in Power Monitoring

9.5.3 Microgrids

9.6 Automation & Intelligent Monitoring Solutions

9.7 Adoption of Ai-Based Infrastructure Driving Liquid Immersion & Direct-To-Chip Cooling

10 Market Growth Enablers

10.1 Growing Submarine & Inland Connectivity

10.2 Increasing M&As and Jvs Across the Industry

10.3 Big Data & IoT Fueling Data Center Investments

10.4 Government Support for Data Center Investments

10.5 Increasing Demand for Cloud-Based Services

11 Market Restraints

11.1 Rising Carbon Emissions from Data Centers

11.2 Site Selection Hindrances to Data Center Development

11.3 Lack of Skilled Data Center Professionals & Discrimination

11.4 Security Challenges Impacting Data Center Growth

11.5 High Maintenance Costs & Inefficiencies

11.6 Supply Chain Disruptions Hampering Growth

Companies Mentioned

  • ABB
  • Caterpillar
  • Cummins
  • Delta Electronics
  • Eaton
  • Legrand
  • Rolls-Royce
  • Schneider Electric
  • STULZ
  • Vertiv
  • 3M
  • Airedale
  • Alfa Laval
  • Asetek
  • Assa Abloy
  • Bloom Energy
  • Carrier
  • Condair
  • Cormant
  • Cyber Power Systems
  • Daikin Applied
  • Data Aire
  • Enlogic
  • FNT Software
  • Generac Power Systems
  • Green Revolution Cooling (GRC)
  • HITEC Power Protection
  • Honeywell
  • Johnson Controls
  • KOHLER
  • KyotoCooling
  • Mitsubishi Electric
  • Munters
  • Natron Energy
  • NetZoom
  • Nlyte Software
  • Panduit
  • And Many More Companies!

For more information about this report visit https://www.researchandmarkets.com/r/ucwmwx

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