DUBLIN--(BUSINESS WIRE)--The "United States Data Center Construction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The United States data center construction market was valued at USD 8.4 billion in 2020, and it is expected to reach a value of USD 13.9 billion by 2026, registering a CAGR of 8.63% over the forecast period (2021 - 2026).
The exponential growth of data requirements in the country has been fueling data center construction. As per Turner & Townsend, its data center cost index 2019 study suggested that in the United States, Dallas, North Virginia, and Phoenix were the most demanded markets for Data Center construction in 2019.
Key Market Trends
Cooling Systems (Mechanical Infrastructure) Expected to Show Significant Growth
- The United States has maintained a continued growth in data center infrastructure solutions. The investments in tier-2 cities are responsible for data center facilities to rise, especially for local users, which is driving the growth of the data center cooling systems.
- Several efforts have been made by the United States to modernize its data center infrastructure. In a plan to achieve this, the US Army is planning to spend up to USD 249 million to deploy private cloud computing services and data centers.
- General Dynamics, HP, and Northrop Grumman are among the service providers selected for the Army Private Cloud contract, which will provide cloud computing services to consolidate data centers, using a secure private cloud.
- System providers, along with cloud server providers, are regularly investing in the country in terms of new data center building, which are likely to have a positive impact on the market's growth over the forecast period.
Healthcare Industry Expected to Grow
- Data generation is growing exponentially across the end-user industries, with the healthcare industry holding a significant share. The healthcare industry generates enormous amounts of data. Collection of data by various healthcare departments from clinical trials and several outpatient records is also required to analyze such data and derive meaningful analysis. However, most of the hospitals involved in such data collection are not equipped with relevant infrastructure.
- As a result, many healthcare institutes are facing pressure to reduce the cost structure of a company, to deliver full regulatory compliance and efficient solutions, with constraints about the increasing amount of data being generated.
- Increasing regulations on data acquisition and records, especially the ones related to clinical trials, are drawing several healthcare clients toward datacenters. Further, several government initiatives taken up globally are expected to boost the colocation market.
- To facilitate such transformation, over the forecast period, the country has planned to establish over 100 medical data centers that enable the sharing of health and medical data resources across several medical organizations in the country. Such a scenario opens several opportunities to the colocation market, globally.
Competitive Landscape
The competitive landscape of the United States Data Center Construction Market is moderately fragmented owing to the presence of several regional players offering innovative solutions and services in the market. The solution providers are increasingly expanding their data center capacity to cater to the growing demands of the customers.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Cloud Applications, AI, and Big Data
4.2.2 Rising Adoption of Hyperscale Data Centers
4.3 Market Restraints
4.3.1 Increase in Real Estate Costs
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.5 Key US Data Center Construction Statistics
4.5.1 Number of Data Centers in the United States, 2019
4.5.2 Number of Data Center Under Construction in the United States, 2019
4.5.3 Average Capex And Opex for the US Data Center Construction
4.5.4 Power Capacity Absorption, Data Centers, in MW, Selected Cites, 2019
4.6 Assessment of Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Infrastructure
5.1.1 Electrical Infrastructure
5.1.1.1 UPS Systems
5.1.1.2 Other Electrical Infrastructure
5.1.2 Mechanical Infrastructure
5.1.2.1 Cooling Systems
5.1.2.2 Racks
5.1.2.3 Other Mechanical Infrastructure
5.1.3 General Construction
5.2 By Tier Type
5.2.1 Tier-I and -II
5.2.2 Tier-III
5.2.3 Tier-IV
5.3 By End User
5.3.1 Banking, Financial Services, and Insurance
5.3.2 IT and Telecommunications
5.3.3 Government and Defense
5.3.4 Healthcare
5.3.5 Other End Users
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Schneider SE
6.1.3 DPR Construction Inc.
6.1.4 Fortis Construction Inc.
6.1.5 Hensel Phelps Construction Co. Inc.
6.1.6 HITT Contracting Inc.
6.1.7 AECOM Engineering
6.1.8 Clune Construction Company LP
6.1.9 Nabholz Corporation
6.1.10 CyrusOne Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/c8tbcr
