The Europe Data Center Construction Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Data center facilities need to be disaster-tolerant to withstand various calamities and natural disasters, like earthquakes, floods, snowstorms, tornadoes, etc. Also, the construction of data centers considers strategies to avert calamities, such as providing enough water hoses and tanks inside the building to put out a fire. Additionally, for efficient design of the data center, the wiring should not be overly complicated, and the overall configuration should be simple.
Airflow efficiency, renewable energy sources, and other environmental considerations are all considered with the move toward green data centers. Data center demand is skyrocketing, and development has accelerated to keep up. For example, data center construction increased during the COVID-19 pandemic. In addition, people began doing their work, going to school, and buying online, which only fueled the already exploding need for data centers and the capacity they provide for the Internet.
One of the most successful healthcare sectors, the region's healthcare industry is strong. This region is becoming more developed because the medical equipment industry of the region is likewise sizable. The healthcare sector is also significantly populated by several large market firms, including Siemens and Dragerwerk. These businesses are working harder to advance the regional healthcare sector's use of developments and breakthroughs such as optical technology, precision dental and medical instruments, and diagnostic imaging. For the hardware to function, all of these solutions need a sizable quantity of electricity. Furthermore, Germany claims to have the third-largest medical technology industry in the world. It is also by far the largest market in Europe, with a size triple that of Italy, Spain, and the United Kingdom and twice that of France.
The Germany market dominated the Europe Data Center Construction Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19,827.4 million by 2028. The UK market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.6% during (2022 - 2028).
Based on Tier Type, the market is segmented into Tier 3, Tier 2 and Others. Based on End-Use, the market is segmented into IT & Telecom, BFSI, Healthcare, Government & Defense, Energy and Others. Based on Type, the market is segmented into IT Infrastructure, Electrical Infrastructure and Miscellaneous Expenses & Others. Based on IT Infrastructure Type, the market is segmented into Server, Networking Equipment and Storage. Based on Electrical Infrastructure Type, the market is segmented into Cooling and Power Distribution. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Data Center Construction Market is Projected to reach USD 305.3 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett-Packard enterprise Company (HP Development Company L.P.), IBM Corporation, ABB Ltd., Schneider Electric SE, Oracle Corporation, Cisco Systems, Inc., Vertiv Holdings Co., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Fujitsu Limited and Equinix, Inc.
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