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The North America data center construction market was valued at US$ 89,006.54 million in 2022 and is expected to reach US$ 1,65,421.01 million by 2030; it is estimated to register at a CAGR of 8.1% from 2022 to 2030.
The increasing focus on environmental responsibility is a significant driver in the North America data center construction market. Green data centers, designed for maximum energy efficiency and minimal environmental impact, are gaining traction. These facilities incorporate strategies such as low-emission building materials, carbon footprint reduction, water and waste recycling, and the utilization of alternative energy technologies like heat pumps, photovoltaics, and evaporative cooling.
Major cloud providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, are actively implementing measures to decrease their electricity and water consumption within data centers to enhance energy efficiency and control operational costs. Microsoft, for instance, has invested considerably in renewable energy sources to power its data centers and has pioneered innovative cooling solutions like underwater data centers and modular designs to further improve efficiency and reduce water usage. Beyond these advancements, companies are integrating water-saving cooling technologies and energy-efficient equipment while also making fundamental changes to data center designs. Although the initial investment in green data center construction can be substantial, the long-term benefits include significant savings in operational, power, and maintenance expenses. Furthermore, green data centers foster a healthier work environment for employees. The growing trend of companies launching new green data centers is projected to be a key factor fueling the expansion of the North America data center construction market in the coming years.
North America Data Center Construction Market Overview
The North America data center construction market experienced robust growth in 2023, primarily driven by a surge in demand from cloud providers and the blockchain industry. Within the US, regions such as Texas (Austin and parts of San Antonio) and North California saw particularly high cloud activity. Overall data center absorption and demand in the US and other prominent North American countries were consistent with the trends observed in the preceding year.
The data center construction market in North America is currently undergoing significant expansion, evidenced by several recent developments. For example, in October 2023, JE Dunn recommenced construction on an $800 million Meta data center project in Temple, Texas. Similarly, in April 2023, Equinix announced its plans to build a new data center in Montreal, Canada. Additionally, in November 2023, Vertiv launched the Vertiv SmartMod Max CW, a prefabricated modular data center designed to meet the increasing need for rapid deployment of computing infrastructure across North America. These examples illustrate the ongoing growth of the North America data center construction market, propelled by the increasing number of new data center initiatives.
North America Data Center Construction Strategic Insights
Strategic insights for the North America Data Center Construction market offer a data-driven analysis of the industry's landscape, encompassing current trends, key players, and regional specificities. These insights provide actionable recommendations that enable stakeholders to differentiate themselves from competitors by identifying untapped market segments or developing unique value propositions. By leveraging data analytics, these insights assist industry participants, including investors and manufacturers, in anticipating market shifts. Adopting a future-oriented perspective is crucial, allowing stakeholders to foresee market changes and position themselves for sustained success in this dynamic region. Ultimately, effective strategic insights empower readers to make well-informed decisions that drive profitability and help them achieve their business objectives within the market.
North America data center construction market Segments Covered
North America data center construction market By Types of Construction
General Construction
Electrical Design
Mechanical Design
North America data center construction market By Tier Standards
Tier 1 & Tier 2
Tier 3
Tier 4
North America data center construction market By Industry Verticals
BFSI
Government
Education
Manufacturing
Retail
Transportation
Media & Entertainment
North America data center construction market Regions and Countries Covered
North America
US
Canada
Mexico
North America data center construction market leaders and key company profiles
Rittal GmbH & co KG
Schneider Electric SE
DPR Construction Inc
STO Building Group Inc
AECOM
HOLDER CONSTRUCTION COMPANY
Turner Construction Co
Eaton Corp Plc
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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