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October 10, 2024

Data Centers Industry Report - Q3 2024

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Data Centers Sector Report - Q3 2024

Our Data Centers Industry Report provides an overview of key trends and developments affecting the industry. This quarterly update covers market performance, economic indicators, and emerging opportunities.

Below are the highlights from the full report. Click the link to download the complete analysis.

Market Dynamics & Outlook


  • Accelerating demand for data center capacity with limited power availability is leading to more alternative energy sources to keep up with the AI boom.
  • Sustainability pressures from regulatory bodies and customers are pushing data centers to adopt greener practices, leading to increased adoption of energy-efficient cooling systems and carbon neutral power sources.
  • Modular and scalable data center designs are being embraced to adapt to unpredictable power constraints and shifting demand, allowing operators to expand capacity more quickly while optimizing energy use.
  • Microsoft has signed a 20-year agreement to purchase power from the previously shut-down Three Mile Island nuclear plant. This move underscores the growing need for stable, long-term power solutions as the U.S. energy infrastructure faces challenges in supporting the rapid expansion of AI and data-driven workloads.

     

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