NEW
YORK, July 12, 2024 /PRNewswire/ -- The global
data center mechanical construction market size is estimated to
grow by USD 18.12 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 14.76% during the forecast period. Growing
investments in data center construction is driving market
growth, with a trend towards growing investment in
hyperscale data centers. However, focus on data center
consolidation poses a challenge. Key market players include
ABB Ltd., Asetek, Black Box Corp, Coolit Systems, Delta Electronics
Inc., Eaton Corp. Plc, Equinix Inc., Friedhelm Loh Stiftung and Co.
KG, Green Revolution Cooling Inc., International Business Machines
Corp., King Slide Works Co. Ltd., Legrand SA, LiquidStack B.V.,
Munters Group AB, NetRack Enclosures Pvt. Ltd., Schneider Electric
SE, STULZ GmbH, Submer Technologies SL, Super Micro Computer Inc.,
and Vertiv Holdings Co..
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Data Center
Mechanical Construction Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
14.76%
|
Market growth
2024-2028
|
USD 18123.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
12.55
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
47%
|
Key
countries
|
US, China, UK,
Australia, and Japan
|
Key companies
profiled
|
ABB Ltd., Asetek, Black
Box Corp, Coolit Systems, Delta Electronics Inc., Eaton Corp. Plc,
Equinix Inc., Friedhelm Loh Stiftung and Co. KG, Green Revolution
Cooling Inc., International Business Machines Corp., King Slide
Works Co. Ltd., Legrand SA, LiquidStack B.V., Munters Group AB,
NetRack Enclosures Pvt. Ltd., Schneider Electric SE, STULZ GmbH,
Submer Technologies SL, Super Micro Computer Inc., and Vertiv
Holdings Co.
|
Market Driver
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Market Challenges
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Segment Overview
This data center mechanical construction market report
extensively covers market segmentation by
- Product
- 1.1 Cooling solutions
- 1.2 Rack
- 1.3 Server rail kit
- 1.4 Others
- Geography
- 2.1 North America
- 2.2 Europe
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Cooling solutions- The Data Center
Mechanical Construction Market is experiencing significant growth,
driven by the expanding needs of hyperscale facilities operated by
public cloud providers. This market encompasses networking
equipment, colocation services, and the IT infrastructure segment,
including Tier 3 and Tier 4 facilities. IT and telecom companies
are at the forefront of data center construction, focusing on data
storage and processing capabilities, edge computing, and 5G
technology integration. Construction companies and engineering
firms play crucial roles in site selection, architectural design,
electrical installations, and mechanical installations. Compliance
with redundancy, uptime, and mission-critical application
requirements is paramount. Skilled labor is essential for complex
infrastructure needs, including prefabricated components, digital
transformation initiatives, and cloud services. Sustainability and
energy efficiency are key considerations, with renewable energy
sources and efficient cooling systems increasingly adopted.
Construction projects require project management expertise,
adherence to compliance standards, and a focus on security.
Electrical and mechanical infrastructure are integral to these
facilities, serving mission-critical applications in healthcare,
finance, and other industries.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Data Center Mechanical Construction Market is experiencing
significant growth due to the increasing demand for data storage,
processing capabilities, and digital transformation initiatives.
Edge computing and 5G technology are driving the need for smaller,
decentralized data centers. Security is a top
priority, leading to the adoption of prefabricated components and
modular design. Construction companies and engineering firms are
partnering to deliver IT projects, from site selection and
architectural design to electrical and mechanical installations.
Sustainability is a key consideration, with hyperscale facilities
and public cloud providers investing in renewable energy and
energy-efficient systems. The IT infrastructure segment, including
Tier 3 and Tier 4 data centers, is expected to dominate the market.
Networking equipment, colocation services, and cloud services are
also significant contributors. Project management, including
project delivery methods and risk management, is crucial for
successful data center construction. The market is also witnessing
the integration of IT and telecom, with the convergence of data
centers and communication networks. Overall, the Data Center
Mechanical Construction Market is a dynamic and evolving industry,
driven by technological advancements and the growing demand for
digital services.
Market Research Overview
The Data Center Mechanical Construction Market encompasses the
design, engineering, and construction of data storage facilities,
including data centers and edge computing sites. With the surge in
digital transformation initiatives, cloud services, and 5G
technology, the market is experiencing significant growth.
Construction companies and engineering firms collaborate on site
selection, architectural design, electrical and mechanical
installations, and project management. Complex infrastructure
requirements demand efficient cooling systems, renewable energy
sources, and sustainable designs. Skilled labor is essential for
compliance with redundancy, uptime, and mission-critical
application standards. Hyperscale data centers, colocation
facilities, and multi-tenant facilities require capital investment
in IT infrastructure, power distribution, and cooling solutions.
Major industries, such as healthcare and finance, rely on data
centers for their electrical and mechanical infrastructure,
including generators, transfer switches, switchgears, and
networking equipment. The IT infrastructure segment, including Tier
3 and Tier 4 data centers, is a significant contributor to the
market's growth. The market also caters to public cloud providers,
hyperscale facilities, and IT projects, with a focus on energy
efficiency, sustainability, and compliance standards.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Cooling Solutions
- Rack
- Server Rail Kit
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio