According to our latest study on "Raised Floor Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market is projected to grow from US$ 1,283.52 million in 2022 to US$ 1,842.65 million by 2028; it is estimated to record a CAGR of 6.5% from 2023 to 2028.

Development of Hyperscale Data Centers to Provide Opportunities for Raised Floor Market During Forecast Period

A hyperscale data center is a mission-critical facility supporting scalable and robust workloads. Since Amazon, Google, Facebook, Apple, Microsoft Corporation, and other large companies require enormous data processing and storage, they prefer hyperscale data centers. In the last few years, data centers are undergoing significant evolution and changes. Earlier, large enterprises only could afford resources, IT teams, and space needed by the data centers. However, with changing industrial dynamics, data centers are taking various forms such as collocated, cloud, edge, and hosted, which would propel the development of hyperscale data centers in the coming years. A rise in the number of cloud computing services such as software as a Service (SaaS) and mission-critical workload applications bolsters the requirement for complex data centers. Owing to rising mission-critical applications, the scope of hyperscale data centers will grow in the coming years. The hyperscale data centers exhibit value proposition features over enterprise/traditional data centers. Therefore, many companies are looking forward to having hyperscale data centers. Microsoft Corporation has a hyperscale data center in Illinois (US), which occupies over 700,000 square feet of space. This data center has its own on-premise electric substation. Similarly, Apple has a Mesa hyperscale data center worth US$2 billion in Arizona (US). Pertaining to changing applications, hyperscale data centers tend to be larger than old data centers to enable rapid deployment. Therefore, the emergence of hyperscale data centers will increase the usage of raised floors in data centers, which will offer lucrative opportunities for the raised floor market growth during the forecast period.

COVID-19 pandemic drastically affected two huge markets in Asia Pacific—India and China. Lockdowns and temporary shutdowns of industrial activities across major countries in the region disrupted the supply chain of various raw materials and goods. The shutdown of manufacturing industries, disruptions in supply chain, and low demands for raised floors were among the primary implications of the pandemic, which negatively impacted the raised floor market growth. Asia Pacific reported delays in construction projects and high costs of raw material and labor due to limited availability during the COVID-19 pandemic. Also, disrupted supply chains led to a shortage of critical components and equipment needed to construct data centers and raised floors.

Key Findings of Study:

The raised floor market analysis is segmented on the basis of type, application, and geography. Based on type, the raised floor market is segmented into steel encapsulated, calcium sulphate board, aluminum board, and chipboard encapsulated.  Based on application, the raised floor market is segmented into data center, commercial office space, clean room floor system, and seismic isolation floor system. By geography, the raised floor market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, South America, and Africa.

Based on application, in 2021, the data center segment dominated the raised floor market. Data centers use multiple IT equipment, wirings, and servers; hence, they need an airflow control system. The raised floor helps data centers accommodate IT equipment and cooling equipment in a single place. Data centers also need a raised floor for heat/temperature management to reduce the temperature of IT equipment. The growth in data centers is attributed to the development of Edge Computing, 5G data networks, and hyperscale data centers; as a result, the demand for raised floors is increasing to support the infrastructure, which in turn will drive the overall demand of raised floor market.

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