Data Center Construction Market to Reach Around USD 73 Bn in 2022, States Beige Market Intelligence in New Report Available at MarketPublishers.com06 Feb 2017 • by Natalie Aster
LONDON – Globally, the data center construction market is projected to be worth close to USD 73 billion by 2022. The sector is likely to witness a hike in revenue during 2016-2020, followed, however, by a revenue decline afterwards. This decrease in revenue is due to a considerable slowdown in Tier 1 and Tier 2 data center construction in the forthcoming years. Furthermore, extensive construction of mega data centers by 2019, sluggishness of technical innovation in data center construction following 2020 are other factors contributing to the revenue decline.
Based on construction type, electrical construction accounted for the major revenue share. Still, by 2022, general construction is set to surpass the electrical and mechanical construction by revenue.
In 2016, North America led the worldwide data center construction sector grabbing the lion’s market share. However, by 2022 APAC is anticipated to see double digit growth and grab the largest market share, outpacing North America. The reason for that is that close to 40% of large data centers construction will likely take place be in China, Southeastern Asia, and India.
Corgan Associates, Arup Group, Fluor, HDR Architecture, Gensler, Syska Hennessy, ISG, Nakano, Schneider Electric, Jones Engineering, Sweett, and SISK are some of the dominant players in the marketplace.
Comprehensive research report “Global Data Center Construction Market - Strategic Assessment and Forecast 2017-2022” drawn up by Beige Market Intelligence offers a detailed market analysis of the market on a global scale and across different regions.
The study provides market segmentation by type of construction, Tier standards, and geographic region; for each regional market the report presents market size and analysis based on construction type and Tier standards. The study canvasses the present-day scenario and the growth prospects of the world data center construction marketplace to 2022. It offers deep insights into the market growth driving forces and restraints, and trends. The study also includes a competitive scene overview covering the leading vendors based on segment and geographies; as well as includes detailed profiles of these top 5 players. A discussion of other prominent vendors is included as well.
More comprehensive research reports by the publisher can be found at its page.