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Data Center Market in US - Industry Outlook and Forecast 2018-2019 & 2024: Market is Expected to Reach Revenues of Over $69 BillionDUBLIN, Sept. 27, 2019 /PRNewswire/ -- The "Data Center Market in US - Industry Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. The US data center market is expected to reach revenues of over $69 billion by 2024. Amazon Web Services (AWS), Google, and Microsoft are increasing their investments in data center construction. In 2019, Northern Virginia, Oklahoma, Ohio, and Oregon have appeared as the major construction destinations for new cloud-based datacenters. The SaaS market in the US is expected to grow at a CAGR of over 15% during the forecast period 20182024. US Data Center Market: Segmentation The growth in submarine cable projects and increased investments are expected to augment the hyperscale data center segment. Digital Realty, Cologix, COPT Data Center, Raging Wire Data Center, and Sabey Data Center are the major investors in the medium-sized data centers market in the US. The Southeast US has the highest number of medium data center facilities due to the maximum investments from investors. The lithium-ion UPS systems market in the US is expected to grow among service operators as they help to reduce the OPEX. Also, the market is receiving a significant healthy boost due to the adoption of nickel-zinc UPS systems. The increased construction of large and hyperscale data center facilities is expected to increase the demand for generators in the US market during the forecast period. The transfer switches and switchgear market in the US is expected to grow due to the increased construction of data centers in the region. The increased innovations and demand for rack PDUs are likely to increase in the US data center market. The market is observing the increased adoption of evaporative coolers that facilitate partial cooling with indoor CRAC units among data centers. The use of traditional air-cooled systems will continue among data centers that operate less than 5 kW per rack mainly among tier II facilities. Water-based cooling adoption was witnessed among multiple facilities in the US and will continue to contribute to market growth. With the increasing number of Tier III facilities, the demand for 2N redundant CRAC and CRAH units in data centers is growing to facilitate efficient data center operations. The construction of mega and hyperscale facilities is the driving factor for the increasing adoption of both CRAC and CRAH units in the US market. The adoption of cooling towers and dry coolers is high in the data centers that use chilled water for cooling purposes. As several data centers are being constructed to benefit from free cooling methods, particularly in the northern region, the implementation of indirect evaporative cooling technologies is likely to increase. Most data centers in Southeastern and Southwestern US do not require economizers/evaporative cooling solutions. The US data center market a presence of several principle contractors with a strong base of sub-contractors. There are also many construction contractors trying to enter the data center market due to the high service potential. Infrastructure vendors are also increasingly partnering with major contractors to increase their revenue share in the industry. The US data center market is witnessing high demand for facilities, which offer high reliability, scalability, and operational flexibility, along with effectiveness and resilience. Hence colocation and managed service suppliers prefer to work with those vendors that follow certifications and comply with sustainability practices issued by leading regulatory bodies, including the Uptime Institute, Leadership in Energy and Environmental Design (LEED), and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) among others. Hence, the increased demand for environment-friendly data centers is expected to increase the share of the data center market in the US by building designs. Currently, the development of Tier IV certified data center facilities is being witnessed in the Western and South-Western part of the US. Hence, the increased construction from hyperscale developers such as Facebook, Apple, Microsoft, and Google, which need fully fault-tolerant data centers is likely to increase the market share of Tier IV data centers.
Key Construction Contractors in US Data Center Market
Key Infrastructure Providers in US Data Center Market
Key Data Center Investors in US Data Center Market
Other Prominent IT Infrastructure Provider
Prominent Construction Contractors
Prominent Support Infrastructure Providers
Prominent Data Center Investors
For more information about this report visit https://www.researchandmarkets.com/r/wtatfj Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/data-center-market-in-us---industry-outlook-and-forecast-2018-2019--2024-market-is-expected-to-reach-revenues-of-over-69-billion-300926800.html SOURCE Research and Markets |