Business Wire

Subscribe to Business Wire: eMailAlertsEmail Alerts
Get Business Wire via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

News Feed Item

Global Data Center Mechanical Construction Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

The global data center mechanical construction market is expected to post a CAGR of close to 11% during the period 2019-2023, according to the latest market research report by Technavio. However, the market's growth momentum will decelerate, owing to a decrease in the year over year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190614005238/en/

Technavio has published a new market research report on the global data center mechanical constructi ...

Technavio has published a new market research report on the global data center mechanical construction market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global data center mechanical construction market is the growing investments in the data center construction industry. Factors including the increasing implementation of automation across industries, developments in networking communication technologies, and rising investments in the HMI technologies are driving significant investments in the data centers across the globe. Companies are compelled to build their data centers or lease data center space from colocation service providers due to the growing demand from different end-users. The increasing demand for data center racks, server rail kit, cooling solutions, and others is expected to drive the data center mechanical construction market growth during the forecast period.

As per Technavio, the growing interest in green data centers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global data center mechanical construction market 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global data center mechanical construction market: Growing interest in green data centers

Data center operations revolve around power consumption and carbon emissions concerns, particularly in the developed economies, including the US. The growing power consumption concerns further necessitate the purchase of renewable energy sources while emphasizing the use of energy-efficient infrastructure for data center operations. This has encouraged various colocation vendors to use renewable energy sources to power their data centers while reducing their electricity cost and carbon footprint. Thus, growing concerns regarding carbon footprint will fuel the demand for data center mechanical construction solutions in the forthcoming years.

“Easy access to renewable energy sources has been encouraging the construction of green data centers. Countries, including Sweden and the Netherlands, are planning strategies for using natural resources as the key source of power, in turn, reducing their dependency on coal and petroleum products. As a result, the growing interest in green data centers will foster the growth of the data center mechanical construction market in the upcoming years,” says a senior research analyst at Technavio.

Global data center mechanical construction market: Segmentation analysis

This market research report segments the global data center mechanical construction market by product (cooling solutions, rack, server rail kit, and others) and geographic regions (North America, Europe, APAC, South America, and MEA).

North America led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. The market growth in North America can be attributed to the increasing number of data center establishments in the region. These data centers will also require massive investments in IT infrastructure and power and cooling solutions.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.