The global data center construction market is highly fragmented and is composed of a number of prominent players. Several companies are establishing themselves in the market with the help of technological advancements and product innovations. Key players operating in the market include IBM Corporation, SAS Institute Inc., DPR Construction Inc., Turner Construction Co., and Whiting-Turner Contracting Company. This report focuses on the latest developments in the data center construction market and analyzes the future growth prospects for this industry.
The study noted that North America will continue to be one of the strongest markets for data center construction.
In 2021, Northern Virginia is projected to grow by 17%, while the vacancy rate will drop to 7.2%. This is mainly due to the increased demand for space, which is expected to exceed the supply. Currently, developers have over 727 MW of facilities under construction, which is 147 percent of the predicted leasing volume in 2021. Of these, 44 percent has already been preleased.
Power and cooling assessment is a crucial part of data center construction. This type of analysis determines the capacity of cooling systems. It also determines whether the data center is over or under-cooled. Additionally, it provides information on the effectiveness of the raised floor strategy and equipment positioning. Additionally, the analysis identifies the breakpoints for equipment loading. Finally, power cooling density is used to measure the capacity of cooling systems. In data centers, cooling represents the second highest power consumption after computer power.
As more companies migrate to the cloud, demand for data centers has risen significantly.
According to the report, 57% of respondents said that they had more than half of their infrastructure in the cloud. Moreover, 64% of respondents are planning to completely move to the public cloud in the next five years. This means that the market for data center construction is expected to be worth $2.1 billion by 2021.
In addition to data center construction, other factors such as the rising consumption of data are driving market growth. For example, ST Telemedia Global Data Center recently announced the construction of a hyperscale data center in Thailand. The facility will have two seven-story buildings that will support an IT load of 20MW. Moreover, the company will continue to provide infrastructure services through their Scala subsidiary, including Digital Solutions, Security, and Multicloud.
While the demand for data centers is predicted to remain strong for the foreseeable future, there will also be a significant increase in the demand for advanced cooling solutions. In the near future, the demand for data centres will increase, driven largely by APAC and North America. The countries with the most data centres are China, the United States, and Germany. In addition, the increasing regulatory burdens on data storage will result in the creation of large data centres around the world. While Western companies will dominate the market for cooling solutions, Asian players will compete for the UPS market.
The data analysis of the global data center construction market has revealed several key trends that will continue to drive the growth of the industry. Technological advancements have provided countless benefits to businesses and caused daily economic shifts. Hence, it is imperative to keep an eye on the latest trends and strategies to remain competitive. For this purpose, the report has been prepared by Precision Reports. Further, it also includes industry news and professional advice.