Report : Europe Data Center Construction Market Forecast to 2030 – Regional Analysis – by Types of Construction (General Construction, Electrical Design, and Mechanical Design), Tier Standards (Tier 1 & Tier 2, Tier 3, and Tier 4), and Industry Verticals (BFSI, Government, Education, Manufacturing, Retail, Transportation, Media & Entertainment, and Others)
At 7.3% CAGR, Europe Data Center Construction Market is Projected to be Worth US$ 96,516.99 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe data center construction market was valued at US$ 54,813.00 million in 2022 and is expected to reach US$ 96,516.99 million by 2030, registering a CAGR of 7.3% from 2022 to 2030. Rapid expansion of IOT services and surge in data center construction activities are among the critical factors attributed to the Europe data center construction market expansion.
The IoT has transformed data centers in recent years due to a surge in the adoption of IoT and IoT devices such as lightbulbs, cellphones, and webcams. With the rise in the number of IoT devices, the reliance on data centers to appropriately store, process, and analyze data is also growing. In addition, as more and more devices connect to the internet through IoT, they generate massive amounts of data. These devices include sensors in smart homes, wearables, industrial equipment, and connected cars, among others. The type of data generated by these devices is becoming increasingly diverse and complex. It includes location data, environmental data, usage data, and even real-time video streams. Further, analytics and processes are critical components in a company's digital transformation. Analytics and processes provide an avenue for data centers to expand their activities in terms of their operations. Their distinct digitization processes will include IoT deployment in operations, capacity building, business development, infrastructure, and system utilization. As more devices connect and generate massive data, the need for efficient and scalable data center infrastructure also increases. Thus, the expansion of IoT services fuels the Europe data center construction market growth.
On the contrary, complexities in data center infrastructure and its establishment hamper the growth of Europe data center construction market.
Based on types of construction, the Europe data center construction market is segmented into general construction, electrical design, and mechanical design. The electrical design segment held 46.7% share of the Europe data center construction market in 2022, amassing US$ 25,601.37 million. It is projected to garner US$ 48,926.30 million by 2030 to expand at 8.4% CAGR during 2022–2030.
In terms of tier standards, the Europe data center construction market is segmented into tier 1 & tier 2, tier 3, and tier 4. The tier 3 segment held 47.0% share of the Europe data center construction market in 2022, amassing US$ 25,763.71 million. It is estimated to garner US$ 44,298.75 million by 2030 to expand at 7.0% CAGR during 2022–2030.
By industry verticals, the Europe data center construction market is segmented into IT & telecommunication, BFSI, government, education, manufacturing, retail, transportation, media & entertainment, and others. The IT & telecommunication segment held 27.5% share of Europe data center construction market in 2022, amassing US$ 15,075.40 million. It is predicted to garner US$ 28,248.22 million by 2030 to expand at 8.2% CAGR during 2022–2030.
Based on country, the Europe data center construction market is categorized into Germany, France, UK, Sweden, and the Rest of Europe. The Rest of Europe held 56.3% share of Europe data center construction market in 2022, amassing US$ 30,876.16 million. It is projected to garner US$ 51,396.97 million by 2030 to expand at 6.6% CAGR during 2022–2030.
Key players operating in the Europe data center construction market are Rittal GmbH & Co KG, Schneider Electric SE, DPR Construction Inc, Mercury Engineering Ltd, STO Building Group Inc, AECOM, Turner Construction Co, and Eaton Corp Plc, among others.
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