North America Data Center Construction Market Report and Forecast 2025-2034

North America Data Center Construction Market Outlook

The North America data center construction market size reached USD 23.03 billion in 2023. The market is projected to grow at a CAGR of 9.3% between 2024 and 2032, reaching almost USD 53.02 billion by 2032.

Key Takeaways:

• Electrical infrastructure is expected to constitute a major portion of the North America data center construction market share.

• The United States is expected to dominate the market over the forecast period.

• Increasing private sector investments are accelerating the construction of new data centers across the region.

Financial institutions, including investment firms, banks, and insurance companies, heavily depend on data centers to effectively handle and analyse large volumes of data related to their day-to-day activities. These data centers act as the backbone of their digital infrastructure, providing the necessary computing power, storage capacity, and network connectivity to handle the immense volume of financial transactions, customer information, and market data. This is expected to accelerate the North America data center construction market growth in the forecast period.

The United States is expected to dominate the North America data center construction market share due to several factors. Firstly, there is a growing demand for secure and dependable data storage in the country. With the increasing reliance on digital technologies and the exponential growth of data, businesses and organisations require robust data centers to store and manage their information securely.

Additionally, the need for quicker and more effective data processing is driving the construction of data centers in the United States. As businesses strive to analyse and utilise data in real-time, the construction of data centers with advanced infrastructure and high-speed connectivity is becoming crucial. This enables faster data processing and reduces latency, allowing businesses to make informed decisions and respond swiftly to market changes.

Market Segmentation

North America Data Center construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Infrastructure

• Electrical Infrastructure
  • UPS Systems
  • Others
• Mechanical Infrastructure
  • Cooling Systems
  • Racks
  • Others
• General Infrastructure

Market Breakup by Size

• Small and Medium-Size Data Center

• Large-Size Data Center

Market Breakup by Type

• Tier I and II

• Tier III

• Tier IV

Market Breakup by End Use

• BFSI

• IT and Telecom

• Government and Defence

• Healthcare

• Others

Market Breakup by Country

• United States of America

• Canada

The key North America data center construction market players are IBM Corp., PCL Constructors Inc., DPR Construction, Clune Construction Company, Jacobs Solutions Inc., HITT Contracting Inc., J.E. Dunn Construction Company, HOCHTIEF AG (Turner Construction Company), Hensel Phelps, and AECOM, among others.

Key Highlights of the Report