Global data centre construction to peak in 2030

Data centre construction work done in the 25 markets we forecast will grow 45% over the next four years to peak at US$212bn in 2030. Construction activity will then fall 40% through to 2037 but remain more than three times the 2022 level.

What you will learn:

• The US remains the largest market for data centre construction activity and will account for over 60% of global spending growth over the next two years. Activity continues to be driven by tech giants (Amazon, Meta, Microsoft, Google and OpenAI) building data centres for their own purposes. China is the 2nd largest market.
• Australia will be the fastest growing market through to 2028. Ireland will be the 2nd fastest growing market.
• New data centre announcements far exceed the capability of the construction industry to deliver the pipeline. Ongoing tightness in many construction labour markets limits the number of projects that can break ground and affects live projects through both input cost escalation (as workers are paid higher wages) and project delays (as work cannot be completed as quickly).
• In the US there is a risk that sweeping Democratic victories place greater restrictions on the next wave of data centre projects. We think this risk is more prevalent at the state and local level where governors, utility regulators, and zoning boards set the rates, incentives, permitting and grid access of data centres.

Download the report for more detailed insights.