Data Center Market Boom Fuels Acquisitions, Revenue Surge for Service and Technology Providers

The booming data center market is driving a wave of acquisitions and boosting revenues for service, systems, and technology providers. Companies like Wesco, CBRE, and JLL are strategically acquiring specialized firms to enhance their data center capabilities, from design and build to operations and maintenance, including expertise in areas like liquid cooling. This surge in activity is fueled by record-low vacancy rates and high preleasing percentages in primary data center markets, with major players like Johnson Controls, Honeywell, Schneider Electric, Trane Technologies, and Modine all reporting significant growth in their data center-related businesses. These companies are capitalizing on the increasing demand for data center solutions, driven by the rise of hyperscale and colocation facilities, as well as the growing need for advanced technologies like AI data centers.

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