Global Data Center Construction Market Analysis, Size, Share, Trends & Forecast 2023| Arizton

CHICAGO - April 25, 2018 - PRLog -- Arizton's recent market research report on the global data center construction market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by electrical construction (UPS systems, generators, transfer switches & switchgear, rack PDU, and other electrical infrastructure), by mechanical construction (cooling systems, rack, and other infrastructure), by tier standard (Tier 1 & 2, Tier 3, and Tier 4), by general construction (building development, installation and commissioning services, building design, physical security, and DCIM), by geography (North America, Europe, APAC, Latin America, and MEA), and offers detailed competitive analysis.

The global data center construction market is anticipated to reach revenues of approximately $45 billion by 2023, growing at a CAGR of over 6% during the forecast period. The research report also offers market size in square ft area and power capacity in megawatts (MW) across geographies.

The increasing number of colocation providers building hyperscale facilities spanning over 200,000 square feet and rack power density of up to 40kW will contribute to the growth of the global data center construction market.

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The top 3 drivers and trends augmenting the growth of the global data center construction market are discussed below:

Tax Incentives and Availability of Resources

The growing availability of various resources and lucrative tax incentives are the major factors attributing of the growth of the global data center construction market. Several state and local governments provide investment, job creation, and sales tax incentives to attract new facilities operators in the global market. The availability of beneficial tax breaks will help yield millions of dollars in savings for hyperscale operators in the global data center construction market. Tax incentives are major criteria for the process of site selection for data center and further help to generate business opportunities for local sub-contracts.

According to the research analysts at Arizton, currently, more than 20 states in the US provide tax incentives for service providers and is expected that about 40 states will be offering tax incentives for facilities development by 2023. Moreover, the availability of resources such as renewable energy sources, reliable power supply, accessibility of water for cooling, and presence of fiber connectivity are some of the other factors that will attract more investments to specific regions for construction activities in the global market. The lucrative incentives and land for development will boost the revenues in the global data center construction market over the next few years.

District Heating by Data Centers

Constructions of new facilities are the largest of consumer of power and water in any region and the main attributors of environmental pollution in the area. Leading colocation operators are now focusing on redistributing the excess heat generate by these facilities in locations where it gets very cold in the winter thereby, promoting sustainable development and reducing carbon footprint in the global data center construction market. Facilities waste heat for district heating is being used by few provides in the global market and IBM is among the pioneering companies that support this technique. District heating concept is gaining increased popularity among facilities operators and local governments across the Europe, the US, and Canada. For instance, Multigrid facility in Stockholm Data Parks has partnered with Fortum Värme, a district energy company regarding supply of waste heat from centers to nearby homes during winter. Another example of this method of reducing heat wastage is undertaken by Facebook's upcoming facility Odense, Denmark that is being designed to heat around 7,000 homes in nearby community. Such efforts to reduce energy wastage and adoption of new technology will augment the development of the global data center construction market.

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Growing Construction of Cryptocurrency Centers

The increasing interest from individuals and businesses in cryptocurrency mining owing its growing popularity and profitability will fuel the growth of the global data center construction market. Mining of cryptocurrency will initiate the building of new facilities, collocating spaces, and increased mining in cloud platforms. The miners are identifying suitable locations for their operations and investing heavily on construction of new centers in the global data center construction market.

For instance, Kolos data center development in Norway is promising to be the largest data center in worldwith power capacity of 1GW during the forecast period.

The growing popularity of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Ripple (XRP) will have a positive impact on the overall development of the construction market. The growing investments in new facilities will contribute to the revenues in the global data center construction market.

The leading vendors in the global data center construction market are ABB, Eaton, Rittal, Schneider Electric, STULZ, Vertiv, Caterpillar, Cummins, AECOM, DPR Construction, HDR Architecture, Holder Construction, Jacobs Engineering Group, Mercury Engineering, M +W Group, Airedale Air Conditioning, Alfa Laval, Altima Technologies (NetZoom), Bosch Security Systems (Robert Bosch), Condair Group, Delta Group, GE, HPE, Huawei, Legrand, Nlyte Software,          Mitsubishi Electric Corporation, MTU On Site Energy, Socomec Group, Trane (Ingersoll Rand), Arup Group, Cap Ingelec, Corgan, CSF Group, Fluor Corporation, Fortis Construction, Gensler, Gilbane Building Co., Jones Engineering Group, KKR Investment Group, Morrison Hershfield, Mortenson Construction, Structure Tone, Syska Hennessy Group, and Whiting-Turner Contracting.

The complete overview of the latest market research report on global data center construction market by Arizton is now available.


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