Data Center Construction Project Insights and Analytics (Q1 2024)
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Data Center Construction Project Report Overview
The data center construction projects value was $510.7 billion in Q1 2024. Data centres have earned the status of being the fifth utility, alongside water, electricity, gas, and telecoms due to their critical role in modern society. Rising incomes and technological advancement are driving the data traffic increase. Likewise, with the rise in global data traffic over the next decade, investment in data centre construction is expected to increase significantly.
The data center construction project research report provides analysis based on GlobalData’s construction projects. The report shows total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects.
Market Size (Q1 2024) | $510.7 Billion |
Key Regions | · North America
· Western Europe · North-East Asia · South Asia · South-East Asia · Latin America · Australasia · Eastern Europe · Middle East and North Africa · Sub-Saharan Africa |
Key Funding Modes | · Private
· Public · Public/Private |
Leading Contractors | · STO Building Group
· Actividades de Construccion y Servicios · Ak Bars Holding Company · Kamgesenergostroy · ATGC Transport and General Contracting |
Leading Designers and Consultants | · DLR Group
· Corgan Associates · ARX Portugal Arquitectos lda · Thomson Medical Group · b2 Architects |
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Data Center Construction Project Segmentation by Regions
In Q1 2024, North America held the highest data center construction project pipeline share
The key regions with data center construction projects in the pipeline are North America, Western Europe, North-East Asia, South Asia, South-East Asia, Latin America, Australasia, Eastern Europe, Middle East and North Africa, and Sub-Saharan Africa.
North America: The major US hyperscalers, such as Google, Microsoft, and Amazon, continue to invest substantially in hyperscale facilities and the provision of cloud services. Meanwhile, the increased need for localized data center infrastructure to support latency-sensitive applications has driven increased investment in “edge” data centers. The US is the leading country in the region in terms of data center construction project pipeline share in Q1 2024. While construction activity will continue to be robust in the coming years, rising construction costs, a substantial increase in land prices in primary markets, and power availability issues will, to some degree, constrain new development.
Data Center Construction Project Analysis by Regions, Q1 2024 (%)
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Data Center Construction Project by Funding Modes
The key funding modes supporting data center construction projects are public, public/private, and private. The private funding mode accounted for the majority share of the data center construction projects in Q1 2024.
Data Center Construction Project Analysis by Funding Modes, Q1 2024 (%)
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Data Center Construction Projects – Competitive Landscape
A few of the leading contractors involved in the data center construction projects pipeline are:
- STO Building Group
- Actividades de Construccion y Servicios
- Ak Bars Holding Company
- Kamgesenergostroy
- ATGC Transport and General Contracting
Data Center Construction Project Analysis by Contractors, Q1 2024
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A few of the leading designers and consultants involved in the data center construction projects pipeline are:
- DLR Group
- Corgan Associates
- ARX Portugal Arquitectos lda
- Thomson Medical Group
- b2 Architects
Data Center Construction Project Analysis by Designers and Consultants, Q1 2024
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Data Center Construction Projects- Latest Developments
A few of the latest developments in the data center construction projects are:
- Swiss construction company Implenia has secured new contracts spanning across Switzerland, Germany, and Sweden. The contracts involve the construction of data centers, residential developments, and infrastructure projects.
- Skanska has signed a contract with an existing client to build a data center in Arizona, USA. The contract will be included in the US order bookings for the first quarter of 2024. The project consists of a single-story data center. Work is underway and is scheduled for completion in the second quarter of 2025.
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Segments Covered in the Report
Data Center Construction Projects Regional Outlook (Value, Q1 2024, $Billion)
- North America
- Western Europe
- North-East Asia
- South Asia
- South-East Asia
- Latin America
- Australasia
- Eastern Europe
- Middle East and North Africa
- Sub-Saharan Africa
Data Center Construction Projects Funding Mode Outlook (Value, Q1 2024, $Billion)
- Public
- Private
- Public/Private
Scope
The report provides:
- Analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region including country, stage, and value of projects.
- Ranked listings of the key operators for the market including the leading contractors, consulting engineers, and project owners.
Reasons to Buy
- Gain insight into the development of the data center construction sector.
- Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Frequently asked questions
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What was the value of the data center construction projects in Q1 2024?
The data center construction projects value was $510.7 billion in Q1 2024.
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Which region accounted for the highest share of the data center construction projects pipeline in Q1 2024?
In Q1 2024, North America held the highest data center construction project pipeline share.
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Which funding mode held the highest share of the data center construction projects in Q1 2024?
The private funding mode accounted for the majority share of the data center construction projects in Q1 2024.
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Which are the major contractors operating in the data center construction market?
A few of the leading contractors involved in the data center construction projects are STO Building Group, Actividades de Construccion y Servicios, Ak Bars Holding Company, Kamgesenergostroy, and ATGC Transport and General Contracting, among others.
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Which are the major designers and consultants operating in the data center construction market?
A few of the leading designers and consultants involved in the data center construction projects pipeline are DLR Group, Corgan Associates, ARX Portugal Arquitectos lda, Thomson Medical Group, and b2 Architects.
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