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The hyperscale data center market is expected to grow at a CAGR of over 9% during the period 2018-2024NEW YORK, Dec. 3, 2019 /PRNewswire/ -- The hyperscale data center market is expected to grow at a CAGR of over 9% during the period 2018–2024. Read the full report: https://www.reportlinker.com/p05628212/?utm_source=PRN Hyperscale construction in terms of area and power will be high in the US, the UK, Germany, China & Hong Kong, Ireland, Brazil, Canada, the Netherlands, Singapore, Japan, South Korea, Australia, India, France, Denmark, Sweden, and Norway. Adoption of Cloud-based Services and & big data driving hyperscale data center surge Tax incentives offered by regulatory agencies worldwide are likely to play an important role in the development of hyperscale facilities construction. A majority of development over the past few years has been concentrated in those regions that offer tax incentives. These tax breaks yield high savings for service operators. For instance, Google negotiated a 100%, 15-year sales tax exemption for a $600-million data center in New Albany, Ohio, the US in 2018. Similarly, Facebook is likely to receive about $150 million through property tax incentives for building a facility in Utah. Tax incentives are being offered to grow the digital economy through multi-million-dollar investments. Many developing countries are looking to allure investors by providing incentives and land for development during the forecast period. Tax incentives, which are a major criterion for the site selection process, help to generate business opportunities for local sub-contractors. Hence, the availability of attractive tax incentives is expected to drive the hyperscale data center market. The following factors are expected to contribute to the growth of the hyperscale data center market during the forecast period: The report considers the present scenario of the hyperscale data center market during the forecast period and its market dynamics for the period 2018?2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report profiles and examines leading companies and several other prominent companies operating in the market. Hyperscale Data Center Market: Segmentation The use of Lithium-ion UPS systems will continue to grow among hyperscale data center operators during the forecast period. Vendors are continually innovating their UPS solutions to increase efficiency and reduce cost. Diesel generators are likely to witness growth in the US. However, gas and bi-fuel generators are xpected to witness steady growth due to the increased awareness of carbon emissions, especially in the US. The adoption of switchgears will grow because of the increased construction of large and mega facilities that require medium and high-voltage switchgears. The adoption of basic rack PDUs is expected to decline with the higher adoption of metered, monitored, switched, and metered-by outlet PDUs. The use of indirect evaporative cooler and air/water-side economizers is likely to continue as most hyperscale facilities are being developed in countries that experience cold climate for more than 4,000 hours per year. The facilities in Southeast Asia, China, India, the Middle East, Africa, and Latin America are likely to prefer chilled water systems. A majority of the existing development in the US is being carried in locations that offer free cooling of a minimum of 4,000 hours. The facilities established in the South Western US are incorporated with energy-efficient water-based cooling systems, with on-site water treatment plants saving a minimum of 30% of water consumed. In the US, a majority of states provide tax incentives for data centers; also, they provide job-based tax incentives. The growing hyperscale construction will be a major boost to contractors and sub-contractors operating in the market. Most projects established in MEA are of greenfield development type. The labor cost is high in the Middle East due to the availability of a skilled workforce. However, the labor cost in Africa is low, with the growing need for skilled professionals as construction activities increase. The use of renewable energy such as solar panels will grow across the region because of the extreme climatic conditions. In terms of general construction, China is leading in the greenfield construction of data centers in APAC. China has strong landmass and favorable climatic conditions to develop multiple hyperscale facilities across the country. Beijing and Shanghai are the leading hubs for data center operations. However, it is expected that most hyperscale development will be carried out in rural areas during the forecast period. Market Segmentation by IT Infrastructure Geographical Insights Market Segmentation by Geography Key Vendor Analysis Key Company Profiles Other Prominent Vendors Key Market Insights Include Read the full report: https://www.reportlinker.com/p05628212/?utm_source=PRN About Reportlinker __________________________ View original content:http://www.prnewswire.com/news-releases/the-hyperscale-data-center-market-is-expected-to-grow-at-a-cagr-of-over-9-during-the-period-20182024-300968539.html SOURCE Reportlinker |