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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 North America Data Center Construction Market is experiencing significant growth, primarily driven by the increasing adoption of green data centers. These facilities prioritize energy efficiency and minimizing environmental impact through various strategies. These include using low-emission building materials, reducing carbon footprints, implementing water and waste recycling, and utilizing alternative energy technologies like heat pumps, photovoltaics, and evaporative cooling.
Major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are actively implementing measures to decrease their electricity and water consumption in data centers to achieve energy efficiency and control operational costs. Microsoft, for instance, has invested heavily in renewable energy and implemented innovative cooling technologies, including underwater and modular data center designs, to enhance energy efficiency and reduce water usage. Furthermore, companies are installing water-saving cooling devices and energy-efficient equipment while making crucial design changes to their data centers.
While the initial investment in constructing a green data center can be substantial, it offers long-term savings in operational, power, and maintenance costs. Additionally, green data centers provide a healthier work environment for employees. The increasing number of companies launching new green data centers is projected to further fuel the North America Data Center Construction Market in the coming years.
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
North America Data Center Construction Market Overview
The North America data center construction market demonstrated continued growth in 2023, largely due to a significant surge in demand from cloud providers and blockchain technology. In the United States, regions like Texas (Austin and parts of San Antonio) and Northern California saw particularly high cloud activity. Overall data center absorption and demand in the US and other key countries were consistent with previous year trends.
The North America Data Center Construction Market is witnessing significant expansion, exemplified by several developments in October 2023, JE Dunn resumed construction on an US$ 800 million Meta data center project in Temple, Texas. Similarly, in April 2023, Equinix announced plans for a new data center in Montreal, Canada. Further highlighting this growth, Vertiv introduced the Vertiv SmartMod Max CW in November 2023, a prefabricated modular data center designed for rapid deployment of computing across North America. The increasing number of data center launches underscores the ongoing growth of the data center construction market in the region.
North America Data Center Construction Market 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 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 for 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 achieve their business objectives within this market.
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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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