Europe Data Center Construction Market is expected to reach US$ 96.52 billion by 2030
Emergence of Edge Computing Boosts Europe Data Center Construction Market Growth
According to our latest study on “Europe Data Center Construction Market Forecast to 2030 – Market Size and Forecast (2020–2030), Country Share, Trend, and Growth Opportunity Analysis Report Coverage – by Types of Construction, Tier Standards, and Industry Verticals,” the Europe data center construction market size was valued at US$ 54.81 billion in 2022 and is expected to reach US$ 96.52 billion by 2030. The Europe data center construction market is expected to record a CAGR of 7.3% from 2022 to 2030.
The Europe data center construction market report emphasizes the key factors driving the market and prominent players' developments. The high rise in the data as a result of digital transformation has increased the demand for edge computing, further resulting in the rapid growth of smaller data centers. While most data will still be processed in centralized data centers, some real-time applications require edge computing facilities closer to the data source. This fuels the demand for data center construction in smaller, distributed locations. The Tier 2 and Tier 3 markets have increased entirely novel categories of data centers (edge-data centers).
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The smaller data centers have relatively less well-funded competitors than Tier I markets and have a low entry barrier, particularly to those high-quality data centers offering colocation. This enables them to gain a position in the market quickly. Although the demand in the retail & wholesale colocation market had outpaced the supply for several years, the supply of data center space at the edge is projected to get soon even more stringent, which in response is expected to lead to above-average pricing hikes in some of the underserved markets. Also, some Tier 2 and Tier 3 markets would mainly remain secured from retail & wholesale colocation service providers, facilitating investment opportunities to the underserved market. The emergence of IT and edge computing is projected to substantially facilitate the expansion of the Europe data center construction market share. By embracing innovation, the industry can capitalize on this driver and contribute to the digital transformation of various sectors.
Moreover, the rapid expansion of IoT services and constant growth in data center construction are among the factors contributing to the growing Europe data center construction market size. The rise in investments in green data centers is anticipated to bring new Europe data center construction market trends in the coming years.
The Europe data center construction market analysis has been carried out by considering the following segments: type of construction, tier design, and industry vertical. Based on types of construction, the Europe data center construction market is segmented into general construction, electrical design, and mechanical design. Based on tier design, the Europe data center construction market is segmented into Tier 1 & Tier 2, Tier 3, and Tier 4. Based on industry vertical, the Europe data center construction market is segmented into IT and Telecommunication, BFSI, government, manufacturing, retail, transportation, media & entertainment, and others. Based on country, the Europe data center construction market is segmented into Germany, the UK, France, Sweden, and the Rest of Europe. In terms of revenue, Germany dominated the Europe data center construction market share.
Rittal GmbH & Co KG, Schneider Electric SE, DPR Construction Inc, INFINITI IT Ltd, blu-3 (UK) Ltd, Datalec Power Installations Ltd, Coromatic AB Sweden, Winthrop Technologies Ltd, Mercury Engineering Ltd, and STO Building Group Inc are among the key players profiles in the Europe data center construction market report. The strategic presence of key players positions Germany as a key country for the Europe data center construction market growth.
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