The data center construction market was valued at approximately US$ 234.85 billion in 2022 and is projected to grow to around US$ 448.14 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.4% during the period from 2022 to 2030.

The report on the data center construction market encompasses various regions, including North America, Europe, Asia Pacific, the Middle East and Africa, as well as South and Central America.

In the United States, the data center sector is poised for significant transformation in the coming years, driven by new federal regulations and initiatives from the current presidential administration aimed at optimizing data center operations. The construction market for data centers in the US is also expected to expand due to the introduction of tax incentives and lower electricity costs. However, the escalating expenses associated with construction and installation present a considerable challenge to the growth of data centers in the nation. Despite these hurdles, major corporations like Google, Facebook, and Amazon are actively constructing their proprietary data centers throughout the US. Notably, in December 2023, Digital Realty announced a partnership with funds affiliated with Blackstone, focusing on the development of four hyperscale data center campuses across three metropolitan areas. Consequently, the market share for data center construction in the US is on the rise, fueled by the increasing number of new data center projects.

In China, the surge in mobile data users and smartphone connections?now surpassing traditional personal computer connections?along with a growing reliance on mobile internet services, is a significant factor driving the expansion of the data center construction market. The presence of major telecommunications companies necessitating enhanced storage capacity further supports market growth in the region. As a global manufacturing powerhouse and the largest exporter of numerous goods, China plays a crucial role in international trade. The ongoing economic growth in China, coupled with the operations of various manufacturing and international firms, leads to an escalating demand for scalable data centers. In December 2023, China made headlines by commencing the assembly of an underwater commercial data center off the coast of Sanya on Hainan Island. Similarly, in November 2023, a collaboration between Saudi Call (an ICT service provider), China Mobile International Limited (CMI), and Shanghai Lumaotong Group (LMT) was announced to initiate the construction of data centers in Saudi Arabia.

The competitive landscape in the banking and finance sector is prompting companies to enhance their IT infrastructure. To offer customers advanced banking solutions, including mobile banking, application-based services, mobile web access, and SMS services, financial institutions require data center service providers that can ensure security, compliance, flexibility, and scalability. Additionally, as digitization permeates various sectors beyond banking and finance, service providers must continuously assess their operations to adapt to evolving customer demands and expectations. This need for robust IT infrastructure drives the demand for data centers, leading to an increase in their construction.

**Data Center Construction Market Segmentation:**

The analysis of the data center construction market has been conducted by examining several segments, including construction type, Tier design, and industry vertical. In terms of construction type, the market is divided into general construction, electrical construction, and mechanical construction. Regarding Tier design, the market is categorized into Tier 1, Tier 2, Tier 3, and Tier 4. Furthermore, the industry vertical segmentation includes IT & telecom, banking, financial services and insurance (BFSI), government, manufacturing, retail, transportation, media & entertainment, and others. The report highlights growth opportunities based on current trends in the data center construction market and the factors driving its expansion.

**Competitive Landscape and Key Developments in the Data Center Construction Market**

The report on the data center construction market includes profiles of key players such as Rittal GmbH & Co. K.G., Schneider Electric SE, DPR Construction Inc., Mercury Engineering Ltd., STO Building Group Inc., AECOM, HOLDER CONSTRUCTION COMPANY, Turner Construction Co., Eaton Corp Plc, and Nikom InfraSolutions Pvt. Ltd. A comprehensive analysis of several other significant players in the data center construction market has also been conducted to provide a well-rounded perspective of the market and its ecosystem. The forecast for the data center construction market can assist stakeholders in strategizing their growth initiatives.