Report : North America 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 8.1% CAGR, North America Data Center Construction Market is Projected to be Worth US$ 1,65,421.01 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the North America data center construction market was valued at US$ 89,006.54 million in 2022 and is expected to reach US$ 1,65,421.01 million by 2030, registering a CAGR of 8.1% from 2022 to 2030. Rise in launch of new edge data centers and rapid expansion of IOT services are among the critical factors attributed to the North America data center construction market expansion.
The rise in the launch of new edge data centers is a significant driver of the data center market, as it reflects the evolving needs of industries and consumers for faster and more efficient data processing and storage capabilities closer to the point of use. Edge data centers are strategically positioned closer to end-users, enabling faster data transmission and reduced latency, which is crucial for applications such as IoT, autonomous vehicles, augmented reality, and real-time analytics, where even milliseconds of delay can impact performance and user experience. Also, the rollout of 5G networks is driving the need for edge computing infrastructure to support the increased data traffic and low-latency requirements of next-generation applications. Edge data centers play a vital role in processing and storing data at the network edge, optimizing the efficiency of 5G networks. Various industries are leveraging edge computing for a wide range of use cases. For example, in the healthcare sector, edge data centers facilitate remote patient monitoring, predictive maintenance of medical equipment, and real-time analysis of patient data. In retail, edge computing supports personalized marketing, inventory management, and in-store analytics. Further, various companies are launching new edge data centers. Thus, the rise in the launch of new edge data centers is the data center market.
On the contrary, complexities in data center infrastructure and its establishment hamper the growth of North America data center construction market.
Based on types of construction, the North America data center construction market is segmented into general construction, electrical design, and mechanical design. The electrical design segment held 45.2% share of the North America data center construction market in 2022, amassing US$ 40,270.91 million. It is projected to garner US$ 81,704.33 million by 2030 to expand at 9.2% CAGR during 2022–2030.
In terms of tier standards, the North America data center construction market is segmented into tier 1 & tier 2, tier 3, and tier 4. The tier 3 segment held 48.5% share of the North America data center construction market in 2022, amassing US$ 43,199.71 million. It is estimated to garner US$ 78,154.19 million by 2030 to expand at 7.7% CAGR during 2022–2030.
By industry verticals, the North America data center construction market is segmented into IT & telecommunication, BFSI, government, education, manufacturing, retail, transportation, media & entertainment, and others. The IT & telecommunication segment held 25.6% share of North America data center construction market in 2022, amassing US$ 22,779.29 million. It is predicted to garner US$ 46,836.96 million by 2030 to expand at 9.4% CAGR during 2022–2030.
Based on country, the North America data center construction market is categorized into the US, Canada, and Mexico. The US held 85.3% share of North America data center construction market in 2022, amassing US$ 75,913.68 million. It is projected to garner US$ 1,43,834.73 million by 2030 to expand at 8.3% CAGR during 2022–2030.
Key players operating in the North America data center construction market are Rittal GmbH & Co KG, Schneider Electric SE, DPR Construction Inc, STO Building Group Inc, AECOM, HOLDER CONSTRUCTION COMPANY, Turner Construction Co, and Eaton Corp Plc, among others.
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