The US Data Center Construction Market Investment to Reach $47.72 Billion by 2029 - the Investment to Double Up in the Next 6 Years - Arizton
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
• 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.
The Report Includes the Investment in the Following Areas:
Facility Type
Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Cooling Techniques
General Construction
Tier Standards
Geography
United States
Competitive Landscape
Key Data Center Support Infrastructure Providers
Key Data Center Contractors
Key Data Center Investors
Other Data Center Support Infrastructure Providers
Other Data Center Contractors
Other Data Center Investors
New Entrants
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.
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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?
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