Lewes, DE -- (SBWire) -- 05/02/2016 --Report forecast the data center construction market in the US to grow at a CAGR of 4.38% during the period 2016-2020.
The construction of a data center encompasses design, architecture, installation of electrical and mechanical systems, and general building works.
The US is a suitable location for data center construction due to benefits such as low electricity cost, high network connectivity, tax incentives, ease of business operations, and availability of resources.
With the increase in data center construction in the US, investments in network connectivity are expected to grow for continued operational support. State governments are offering tax incentives for enterprises planning to establish a data center presence. In addition, they are reducing electricity prices for these businesses and promoting the use of renewable energy. Therefore, the generation of renewables, for both commercial and consumer use, is growing to support green initiatives.
The report covers the present scenario and the growth prospects of the data center construction market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the building of new data centers (including modular data center facilities) and the renovation of data centers.
The market is divided into the following segments based on electrical construction:
- UPS
- Energy storage equipment
- Generators
- Transfer switches and switchgear
According to the report, the US government has built many smart cities over the years. The exponential growth of IoT presents challenges in terms of capacity, analytics, and security. Therefore, the need for data centers equipped to deal with these difficulties has increased in the country. It will be a challenging task to process large data volumes generated by connected devices, especially if the data is stored in a single location.
Further, the report states that the adoption of containerized data centers will increase during the forecast period given their benefits. Vendors in the containerized data center market pose a significant threat to those in the traditional data center construction market.
Data Center Construction Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Data Center Construction Market in the US: Corgan Associates, DPR Construction, Fluor, Gensler, HDR, Holder Construction, Jacobs, Syska Hennessy Group, and Turner Construction Company.
Other Prominent Vendors in the market are: AECOM, AKF Group, Balfour Beatty, Carlson Design Construct, Clune Construction, Fortis Construction, Gilbane, Hensel Phelps, HITT Contracting, Integrated Design Group, JE Dunn Construction, McGough, Merrick & Company, Mortenson Construction, Page Southerland Page, Pepper Construction, PTS, Skanska, Structure Tone, and URS Corporation.
Market driver
- Growth of IoT
- For a full, detailed list, view our report
Market challenge
- Containerized data centers
- For a full, detailed list, view our report
Market trend
- Green data centers
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 83 pages and 37 Exhibit "Data center Construction Market in US 2016" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by electrical construction, Market segmentation by mechanical construction, Market segmentation by general construction, Market segmentation by tier standards, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/data-center-construction-market-us-2016
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