Asia Pacific Data Center Construction Market Revenue to cross US$ 1,47,987.47 Million by 2030

At 10.4% CAGR, Asia Pacific Data Center Construction Market is Projected to be Worth US$ 1,47,987.47 Million by 2030, says The Insight Partners

According to The Insight Partners' research, the Asia Pacific data center construction market was valued at US$ 67,236.34 million in 2022 and is expected to reach US$ 1,47,987.47 million by 2030, registering a CAGR of 10.4% from 2022 to 2030. Surge in data center construction activities and increasing implementation of hyperscalers and colocation are among the critical factors attributed to the Asia Pacific data center construction market expansion.

The world's data generation and consumption are increasing exponentially, driven by the adoption of big data analytics, artificial intelligence (AI), cloud computing, and the Internet of Things (IoT) across various industries. This necessitates more data centers to store, process, and distribute this data, leading to rising demand for construction services globally. Additionally, with the rising adoption of cloud and digital services across the globe, the need for data centers is increasing. As a result, several major cloud providers plan to construct their data centers in various countries. The surge in data center construction activities drives the Asia Pacific data center construction market.

On the contrary, complexities in data center infrastructure and its establishment hampers the growth of Asia Pacific data center construction market.

Based on types of construction, the Asia Pacific data center construction market is segmented into general construction, electrical design, and mechanical design. The electrical design segment held 44.2% share of the Asia Pacific data center construction market in 2022, amassing US$ 29,710.83 million. It is projected to garner US$ 71,608.73 million by 2030 to expand at 11.6% CAGR during 2022–2030.

In terms of tier standards, the Asia Pacific data center construction market is segmented into tier 1 & tier 2, tier 3, and tier 4. The tier 3 segment held 46.5% share of the Asia Pacific data center construction market in 2022, amassing US$ 31,261.41 million. It is estimated to garner US$ 66,833.68 million by 2030 to expand at 10.0% CAGR during 2022–2030.

By industry verticals, the Asia Pacific data center construction market is segmented into IT & telecommunication, BFSI, government, education, manufacturing, retail, transportation, media & entertainment, and others. The IT & telecommunication segment held 24.6% share of Asia Pacific data center construction market in 2022, amassing US$ 16,538.75 million. It is predicted to garner US$ 41,678.89 million by 2030 to expand at 12.2% CAGR during 2022–2030.

Based on country, the Asia Pacific data center construction market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 27.6% share of Asia Pacific data center construction market in 2022, amassing US$ 18,550.51 million. It is projected to garner US$ 36,438.48 million by 2030 to expand at 8.8% CAGR during 2022–2030.

Key players operating in the Asia Pacific data center construction market are Rittal GmbH & Co KG, Schneider Electric SE, DPR Construction Inc, AECOM, Turner Construction Co, Eaton Corp Plc, and Nikom InfraSolutions Pvt. Ltd., among others.

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