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The global data centre construction market accounted for US$ 45.1 Bn in 2018 and is expected to grow at a CAGR of 8.4% over the forecast period 2019-2027, to account for US$ 89.9 Bn in 2027. The demand of data centre construction market is largely influenced by rise in the demand of green/energy efficient data center, which is designed to achieve maximum energy efficiency and decreasing the environmental impact.
The data centre construction market is fragmented with the presence of several industries, and the competitive dynamics in the data center construction market is expected to change in the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies as well as private data center construction market player to further accelerate the global data centre construction market. For instance, Amazon is planning to build a US$ 1.08 Bn (Euro 1 Bn) data center in Dublin; IBM plans to open three data centers in UK; also, after two data centers in Ireland and Denmark, Facebook is announced to construct its third data center in Denmark. Furthermore, Interxion has plans to invest US$ 87.8 Mn (Euros 83 Mn) to construct new data center facilities in London, Frankfurt, and Stockholm.
On the basis of type of construction, the electrical design segment is leading the data centre construction market and is anticipated to grow at a highest CAGR. Growth of this segment is primarily driven by technological advancement in modern data processing servers and storage systems. Utilization of advanced analytical techniques across enterprises is demanding the deployment of high speed processing equipment in data center facilities. Further, development in cloud computing is encouraging the companies to replace old IT infrastructure equipment in order to keep pace with innovation.