CHICAGO, May 15, 2024
/PRNewswire/ -- According to Arizton's latest research report,
the U.S. data center construction market is growing at a CAGR
of 11.69% during 2023-2029.
To Know More, Click:
https://www.arizton.com/market-reports/united-states-data-center-construction-market-2024
Browse in-depth TOC on the US Data Center
Construction Market
57 – Tables
177 – Figures
567 – Pages
The US Data Center Construction Market Report
Scope
Report
Attributes
|
Details
|
Market Size
(2029)
|
USD 47.72
Billion
|
Market Size
(2023)
|
USD 24.59
billion
|
CAGR
(2023-2029)
|
11.69 %
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
Geographic
Analysis
|
Southeastern U.S.,
Midwestern U.S., Southwestern U.S., Western U.S., and Northeastern
U.S.
|
Market
Dynamics
|
•
Significant Development of Data Center
Facilities
•
Ongoing Investments by Hyperscale
Operators in the U.S.
•
Rise in M&A and Joint Venture
Activities
•
Tax and Sales Incentives a Major Boost
for U.S. Data Center Construction Market
•
Increase in the Adoption of Cloud-Based
Services and the Shift From On-Premises to Cloud
Platforms
•
Enhanced Connectivity Driving Growth in
the Data Center Market
•
Data Centers Becoming More Important Due
to Big Data, the Internet of Things (IoT), Augmented Reality (AR)
and Virtual Reality (VR)
|
The US data center construction market is witnessing robust
growth, fueled by surging demand for data storage and processing
capabilities. Major players across tech, real estate, and
infrastructure sectors are investing significantly in building and
upgrading data centers. This demand surge is propelled by ongoing
digital transformation and expanding adoption of cloud and edge
computing. With businesses increasingly relying on data centers to
power technologies like 5G, IoT, and AI, investment in this sector
is poised to escalate further.
Key hubs have emerged for data center development, with
Northern Virginia leading the pack
as the renowned "Data Center Alley," thanks to its proximity to
Washington D.C., and superior
connectivity. Silicon Valley retains its prominence due to its
tech-focused ecosystem. Dallas-Fort
Worth has emerged as a significant hub in the Southwest US,
offering cost-effective solutions and strategic geographic
positioning. Meanwhile, Chicago is
a considerable data center hub, benefiting from its central
location and robust network connectivity. These locations are
expected to remain pivotal in driving the growth and expansion of
the US data center construction market.
Market Segmentation Insight
Core & Shell Development to Contribute the Largest Market
Share
The US data center construction market by core and shell
development will reach over $9
billion by 2029.
The Northeastern region will likely witness a surge in
brownfield projects due to location constraints. The cost of core
& shell development increased in 2023 compared to 2022. Silicon
Valley, New Jersey, and
Chicago were the top locations
where the cost was higher than other cities such as Northern Virginia, Phoenix, and Atlanta.
Air-based Cooling Techniques to Occupy the Major Share in the
Market
The US data center construction market by air-based cooling will
reach $3.60 billion by 2029.
Air cooling techniques have long been instrumental in data
center cooling, including traditional Computer Room Air
Conditioning (CRAC) units and free-cooling solutions. While
liquid-based cooling solutions have been prevalent, free-cooling
methods have gained traction recently, especially in the US market.
Chilled water systems remain common, particularly in water-based
cooling setups. There's a growing trend toward waterless cooling
systems featuring indoor CRAC units, particularly among data
centers utilizing free cooling chillers. Innovations focusing on
using outside air for cooling, without onsite water requirements,
are expected to drive market growth further.
Air-based cooling technologies are widely deployed and
understood, forming the backbone of data center cooling strategies.
Data center personnel are familiar with air cooling systems and
adept at maintenance, benefiting from extensive industry
experience. Maintaining these systems is streamlined due to
established industrial practices, ensuring efficient and reliable
cooling for data center equipment.
Boom in M&A & Joint Venture Activities Uplifting the
Market Growth
The US data center market has experienced a significant surge in
mergers and acquisitions (M&A) as well as joint ventures (JVs)
in recent years. This growth in demand can largely be attributed to
the expansion in cloud and edge computing as well as the increased
reliance on digital infrastructure for data storage and processing
capabilities.
- In March 2023, Amazon acquired a
former insulation factory in Santa Clara,
California, by paying over $237
million. The factory is likely to be converted into a data
center.
- In May 2023, Gigapower, LLC, a
joint venture between AT&T and BlackRock, was formed to offer
fiber broadband services to internet service providers and
businesses in various parts of the US.
- American Real Estate Partners (AREP) and Harrison Street Real
Estate formed a new joint venture (JV) of around $1 billion to develop and build a powered shell
campus in Northern Virginia.
The Report Includes the Investment in the Following
Areas:
Facility Type
- Hyperscale Data Centers
- Colocation Data Centers
- Enterprise Data Centers
Infrastructure
- Electrical Infrastructure
- Mechanical Infrastructure
- General Construction
Electrical Infrastructure
- UPS Systems
- Generators
- Transfer Switches & Switchgear
- PDUs
- Other Electrical Infrastructure
Mechanical Infrastructure
- Cooling Systems
- Racks
- Other Mechanical Infrastructure
Cooling Systems
- CRAC & CRAH Units
- Chiller Units
- Cooling Towers, Condensers, & Dry Coolers
- Economizer & Evaporative Coolers
- Other Cooling Units
Cooling Techniques
- Air-based Cooling
- Liquid-based Cooling
General Construction
- Core & Shell Development
- Installation & Commissioning Services
- Engineering & Building Design
- Fire Detection & Suppression
- Physical Security
- DCIM/ BMS Solutions
Tier Standards
- Tier I & II
- Tier III
- Tier IV
Geography
United States
- Southeastern U.S.
-
- Virginia
- Georgia
- Tennessee
- Florida
- Alabama
- Other States
- Midwestern U.S.
-
- Ohio
- Illinois
- Nebraska
- Missouri
- Iowa
- Other States
- Southwestern U.S.
-
- Texas
- Arizona
- Other States
- Western U.S.
-
- California
- Nevada
- Utah
- Oregon
- Other States
- Northeastern U.S.
-
- New Jersey
- Pennsylvania
- New York
- Connecticut
- Other States
Competitive Landscape
Key Data Center Support Infrastructure Providers
- ABB
- Caterpillar
- Cummins
- Delta Electronics
- Eaton
- Legrand
- Rolls-Royce
- Schneider Electric
- STULZ
- Vertiv
Key Data Center Contractors
- AECOM
- Arup
- Corgan
- DPR Construction
- Fortis Construction
- Holder Construction
- Jacobs
- Rogers-O'Brien Construction
- Syska Hennessy Group
- Turner Construction
Key Data Center Investors
- Apple
- Amazon Web Services (AWS)
- CyrusOne
- DataBank
- Digital Realty
- Equinix
- Google
- Meta (Facebook)
- Microsoft
- NTT DATA
Other Data Center Support Infrastructure Providers
- Airedale
- Alfa Laval
- Asetek
- Bloom Energy
- Carrier
- Condair
- Cormant
- Cyber Power Systems
- Enlogic
- FNT Software
- Generac Power Systems
- Green Revolution Cooling (GRC)
- HITEC Power Protection
- Johnson Controls
- KOHLER
- KyotoCooling
- Mitsubishi Electric
- Natron Energy
- NetZoom
- Nlyte Software
- Rittal
- Siemens
- Trane (Ingersoll Rand)
- Tripp Lite
- Yanmar (HIMOINSA)
- ZincFive
Other Data Center Contractors
- AlfaTech
- BlueScope Construction
- Brasfield & Gorrie
- CallisonRTKL
- Clark Construction Group
- Climatec
- Clune Construction
- EMCOR Group
- EYP MCF
- Fitzpatrick Architects
- Fluor Corporation
- Gensler
- Gilbane Building Company
- HDR
- HITT Contracting
- Hoffman Construction
- JE Dunn Construction
- JHET Architects
- kW Engineering
- WSP (kW Mission Critical Engineering)
- Linesight
- M+W Group (Exyte)
- Morrison Hershfield
- Mortenson
- Rosendin
- Salute Mission Critical
- Sheehan Nagle Hartray Architects
- Skanska
- Southland Industries
- Sturgeon Electric Company
- Structure Tone
- The Mulhern Group
- The Walsh Group
- The Weitz Company
- TRINITY Group Construction
Other Data Center Investors
- Aligned Data Centers
- American Tower
- AUBix
- CloudHQ
- Cologix
- Compass Datacenters
- COPT Data Center Solutions
- CoreSite
- DartPoints
- DC BLOX
- Edge Centres
- EdgeConneX
- EdgePresence
- EdgeCore Digital Infrastructure
- Element Critical
- Evoque
- Flexential
- fifteenfortyseven Critical Systems Realty (1547)
- H5 Data Centers
- HostDime
- Iron Mountain
- Netrality Data Centers
- Novva Data Centers
- PowerHouse Data Centers
- Prime Data Centers
- QTS Realty Trust
- Sabey Data Centers
- Skybox Datacenters
- Stream Data Centers
- STACK Infrastructure
- Switch
- T5 Data Centers
- TierPoint
- Vantage Data Centers
- Vapor IO
- Yondr
- 365 Data Centers
New Entrants
- Corscale Data Centers
- Crane Data Centers
- Edged Energy
- NE Edge
- Quantum Loophole
- Rowan Digital Infrastructure
The US Data Center Construction Market Report
Encompasses Crucial Data, Including:
CAGR (Compound Annual Growth Rate) during the forecast
period: This metric provides insights into the annual
growth rate of the US data center construction market over the
specified time frame.
Detailed information on growth drivers: The report
offers in-depth information on the factors that will propel the US
data center construction market growth from 2023 to 2029. This
includes an analysis of various market
influences.
Precise estimation of market size: Accurate
assessments of the US data center construction market size and its
contribution and focusing on key market
segments.
Predictions about upcoming trends and changes in consumer
behavior: The report offers insights into anticipated
trends and shifts in consumer behavior that are likely to impact
the US data center construction market, helping businesses prepare
for future market dynamics.
Geographical market growth: The report covers the
development of the data center construction market across the
US.
Competitive landscape analysis: A thorough
examination of the market's competitive landscape is presented,
including detailed information about companies operating in the US
data center construction market. This includes an overview of key
players, their market share, strategies, and key
developments.
Analysis of growth challenges: The report includes a
comprehensive analysis of factors that may pose challenges to the
growth of companies in the US data center construction market,
providing a well-rounded view of the market
dynamics.
Buy this Research @
https://www.arizton.com/market-reports/united-states-data-center-construction-market-2024
Post-Purchase Benefit
- 1hr of free analyst discussion
- 10% off on customization
Key Questions Answered in the Report:
What are the key trends in the U.S. data center construction
market?
What is the growth rate of the U.S. data center construction
market?
How big is the U.S. data center construction market?
What is the estimated market size in terms of area in the U.S.
data center construction market by 2029?
How many MW of power capacity is expected to reach the U.S. data
center construction market by 2029?
Get the Detailed TOC @
https://www.arizton.com/market-reports/united-states-data-center-construction-market-2024
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