The global data center construction market is currently valued at more than USD 54 billion and is expected to reach USD 74 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global data center construction market, under its data center portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like AECOM, Arup Group, Corgan, DPR Construction, Gensler, HDR, Page Southerland Page, Holder Construction Group, Jones Engineering Group, Structure Tone, Syska Hennessy, and Turner Construction.
According to Abhishek Sharma, a lead analyst for data center research at Technavio, “Almost all states in the US offer tax incentives to organizations that are establishing data center facilities. This trend can be witnessed worldwide in a majority of countries.”
When an enterprise chooses a location for setting up a facility, it considers factors such as availability of power, connectivity, and tax incentives offered by the local government. If an enterprise can create jobs for the native population by establishing a data center, it can earn more tax incentives.
Increase in purchase of renewable sources of energy
Growing concerns about electricity consumption and CO2 emissions is prompting vendors in the market to focus increasingly on green data centers that are powered by renewable sources of energy. Use of renewable energy sources, energy-efficient infrastructure, and waste recycling are some of the methods implemented in green data centers. Most of the mega data centers are being powered by renewable resources such as wind energy and solar panels. Google, for instance, is planning to power all its data center operations using renewable sources of energy by 2017.
Growing use of free cooling techniques
Free cooling solutions can reduce power consumption of data centers by more than 40%. Regions that have favorable climatic conditions for free cooling are adopting this technique of using outside air for cooling the data center for almost the entire year. Airside free cooling and waterside free cooling are the two types of free cooling techniques used by data centers.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Data Center Construction Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Data Center Market in ANZ 2017-2021
- Data Center Colocation Market in APAC 2017-2021
- Global Data Center Rack Market 2017-2021
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