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Data centers are essential for the digital economy, supporting a wide range of applications from cloud services to AI. The global data center market is booming, with an estimated $215 billion spent on data center capital expenditures in 2023. Building a data center costs around $38 million per MW, with a significant portion directed towards IT equipment like servers, networking, and storage.
Key players in the data center industry include companies like Dell Technologies, Hewlett Packard Enterprise, and Lenovo for servers, and Schneider Electric, Vertiv, and Eaton for electrical infrastructure. The rise of AI is driving a transformation in data center design, with AI workloads requiring enhanced power and cooling capabilities. Liquid cooling systems are becoming more popular to manage the heat generated by high-performance AI processors.
In terms of future trends, AI is expected to increase the demand for more powerful and efficient data centers with greater cooling capacities. Total data center spending is projected to reach $311 billion by 2026, with a focus on higher rack densities and liquid cooling. Hyperscale data centers owned by tech giants like Amazon, Google, and Microsoft are driving innovation in the industry, leading to advanced cooling systems and custom-designed servers.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
