According to a study conducted by Grand View Research, the global data center construction market is expected to reach over 121.5 billion dollars by 2027. As large volumes of data are being generated with the increasing usage of smartphones, cloud computing, and the internet, service providers are focused on providing operational efficiency. The exact thing is happening in the construction industry as the sector’s professionals are looking into reducing the overall power consumption and carbon footprint. As a consequence, the data center construction market is developing.
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Data Centers and Harmful Emissions
Data centers are based on the mechanical systems that require installation on a raised floor and which is responsible for emissions that are harmful to the environment. Service providers have introduced cooling techniques that work by separating cold from hot air, that way removing the need for raised floors. Since the way of building such centers becomes more mobile and more efficient, such infrastructures are leading to the overall development and expansion of the market.
Four Data Centers Expecting Expansion
On the account of the high cost of construction and the upcoming large-scale facilities in the market of data centers, data centers in rank tier 4 are expected to expand. The Asia Pacific is expected to expand at the fastest rate with more data center facilities built in the area. However, in 2019, North America was on the head of the market with 38% in revenue share.
Key Players of Data Center Construction Market
Some of the key players in the expanding market that could reach the value of over 121 billion dollars in the next seven years according to the report are DPR Construction, AECOM, Equinix Incorporation, Fluor Corporation, Holder Construction Group LLC, and Gensler. These key players are usually focused on forming merges, that way expanding the business and generating more revenue.
