NEW YORK, July 12, 2024 /PRNewswire/ -- The global data center mechanical construction market size is estimated to grow by USD 18.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.76% during the forecast period. Growing investments in data center construction is driving market growth, with a trend towards growing investment in hyperscale data centers. However, focus on data center consolidation poses a challenge. Key market players include ABB Ltd., Asetek, Black Box Corp, Coolit Systems, Delta Electronics Inc., Eaton Corp. Plc, Equinix Inc., Friedhelm Loh Stiftung and Co. KG, Green Revolution Cooling Inc., International Business Machines Corp., King Slide Works Co. Ltd., Legrand SA, LiquidStack B.V., Munters Group AB, NetRack Enclosures Pvt. Ltd., Schneider Electric SE, STULZ GmbH, Submer Technologies SL, Super Micro Computer Inc., and Vertiv Holdings Co..
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Data Center Mechanical Construction Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.76% |
Market growth 2024-2028 |
USD 18123.3 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
12.55 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 47% |
Key countries |
US, China, UK, Australia, and Japan |
Key companies profiled |
ABB Ltd., Asetek, Black Box Corp, Coolit Systems, Delta Electronics Inc., Eaton Corp. Plc, Equinix Inc., Friedhelm Loh Stiftung and Co. KG, Green Revolution Cooling Inc., International Business Machines Corp., King Slide Works Co. Ltd., Legrand SA, LiquidStack B.V., Munters Group AB, NetRack Enclosures Pvt. Ltd., Schneider Electric SE, STULZ GmbH, Submer Technologies SL, Super Micro Computer Inc., and Vertiv Holdings Co. |
Market Driver
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Market Challenges
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Segment Overview
This data center mechanical construction market report extensively covers market segmentation by
- Product
- 1.1 Cooling solutions
- 1.2 Rack
- 1.3 Server rail kit
- 1.4 Others
- Geography
- 2.1 North America
- 2.2 Europe
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and Africa
1.1 Cooling solutions- The Data Center Mechanical Construction Market is experiencing significant growth, driven by the expanding needs of hyperscale facilities operated by public cloud providers. This market encompasses networking equipment, colocation services, and the IT infrastructure segment, including Tier 3 and Tier 4 facilities. IT and telecom companies are at the forefront of data center construction, focusing on data storage and processing capabilities, edge computing, and 5G technology integration. Construction companies and engineering firms play crucial roles in site selection, architectural design, electrical installations, and mechanical installations. Compliance with redundancy, uptime, and mission-critical application requirements is paramount. Skilled labor is essential for complex infrastructure needs, including prefabricated components, digital transformation initiatives, and cloud services. Sustainability and energy efficiency are key considerations, with renewable energy sources and efficient cooling systems increasingly adopted. Construction projects require project management expertise, adherence to compliance standards, and a focus on security. Electrical and mechanical infrastructure are integral to these facilities, serving mission-critical applications in healthcare, finance, and other industries.
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Research Analysis
The Data Center Mechanical Construction Market is experiencing significant growth due to the increasing demand for data storage, processing capabilities, and digital transformation initiatives. Edge computing and 5G technology are driving the need for smaller, decentralized data centers. Security is a top priority, leading to the adoption of prefabricated components and modular design. Construction companies and engineering firms are partnering to deliver IT projects, from site selection and architectural design to electrical and mechanical installations. Sustainability is a key consideration, with hyperscale facilities and public cloud providers investing in renewable energy and energy-efficient systems. The IT infrastructure segment, including Tier 3 and Tier 4 data centers, is expected to dominate the market. Networking equipment, colocation services, and cloud services are also significant contributors. Project management, including project delivery methods and risk management, is crucial for successful data center construction. The market is also witnessing the integration of IT and telecom, with the convergence of data centers and communication networks. Overall, the Data Center Mechanical Construction Market is a dynamic and evolving industry, driven by technological advancements and the growing demand for digital services.
Market Research Overview
The Data Center Mechanical Construction Market encompasses the design, engineering, and construction of data storage facilities, including data centers and edge computing sites. With the surge in digital transformation initiatives, cloud services, and 5G technology, the market is experiencing significant growth. Construction companies and engineering firms collaborate on site selection, architectural design, electrical and mechanical installations, and project management. Complex infrastructure requirements demand efficient cooling systems, renewable energy sources, and sustainable designs. Skilled labor is essential for compliance with redundancy, uptime, and mission-critical application standards. Hyperscale data centers, colocation facilities, and multi-tenant facilities require capital investment in IT infrastructure, power distribution, and cooling solutions. Major industries, such as healthcare and finance, rely on data centers for their electrical and mechanical infrastructure, including generators, transfer switches, switchgears, and networking equipment. The IT infrastructure segment, including Tier 3 and Tier 4 data centers, is a significant contributor to the market's growth. The market also caters to public cloud providers, hyperscale facilities, and IT projects, with a focus on energy efficiency, sustainability, and compliance standards.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
- Cooling Solutions
- Rack
- Server Rail Kit
- Others
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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