The North America Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private), and by Geography (United States, Canada, Mexico). The Market Forecasts are Provided in Terms of Value (USD).

The US Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Region (Northeast, Midwest, Southeast, West, and Southwest). The Market Forecasts are Provided in Terms of Value (USD).

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Turkey Construction Market Size 2024-2028

The turkey construction market size is forecast to increase by USD 68.3 billion, at a CAGR of 5.96% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for real estate properties. This trend is fueled by both domestic and foreign investors seeking opportunities in Turkey's thriving economy. Another key driver is the government's focus on building earthquake-resilient structures, which is leading to increased investment in advanced construction technologies and materials. However, the market faces challenges as well. The rising cost of construction materials, particularly steel and cement, poses a significant obstacle for construction firms, potentially increasing project costs and impacting profitability. To capitalize on market opportunities and navigate these challenges effectively, companies must stay informed of the latest construction trends and technologies, while also exploring cost-effective solutions for sourcing construction materials. Additionally, collaborating with local partners and suppliers can help mitigate risks and ensure regulatory compliance, ultimately positioning firms for long-term success in Turkey's dynamic construction market.

What will be the size of the Turkey Construction Market during the forecast period?

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The construction industry in Turkey is experiencing dynamic changes, driven by various factors. Research indicates that maintenance and supervision are critical challenges, necessitating innovative solutions. Construction technology adoption, including data analytics and testing, is transforming project management and inspection processes. Building retrofit and adaptive reuse are gaining traction, contributing to the industry's future growth. Sustainable construction practices, green building design, and infrastructure maintenance are key trends, driven by policy and regulatory requirements. Specialty contracting and consulting services are essential for addressing complex projects. Construction economic outlook remains positive, with opportunities in general contracting, repair, and demolition. The industry's future hinges on workforce development, innovation, and compliance with regulations. Construction services, from project management to inspection, are evolving to meet these challenges and opportunities.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. SectorPrivatePublicEnd-userResidentialInfrastructureCommercialGeographyMiddle East and AfricaTurkey

By Sector Insights

The private segment is estimated to witness significant growth during the forecast period.

The Turkish construction market witnesses dynamic activity and trends, driven largely by the private sector. This segment plays a pivotal role in shaping the industry's landscape, offering various services and projects throughout the country. Employment generation and economic growth are significant outcomes of this sector's growth. High-rise buildings, a notable contribution, are increasingly popular in major cities like Istanbul, Ankara, and Izmir. Sustainable and energy-efficient practices, such as LEED certification and green building, are gaining traction in residential and commercial construction. Construction automation, project management, and digital transformation are key trends, with the adoption of construction management software, building information modeling, and robotics in construction. Real estate development, infrastructure projects, and industrial construction are other thriving sectors, with safety regulations, building codes, and quality control ensuring the highest standards. Construction audits, waste management, and recycling initiatives contribute to cost savings and sustainability. Construction financing, permits, and contracts are streamlined through innovative methods, enabling efficient and effective project execution. The market is characterized by continuous innovation, with precast concrete, structural steel, and 3D modeling being widely used. Skilled labor and workforce management are essential components of the industry, with quality assurance and safety regulations ensuring the delivery of top-notch projects. Infrastructure development, including bridge construction and highway construction, is ongoing, driving the demand for heavy equipment and construction machinery. Environmental regulations and sustainability are increasingly important, with the use of sustainable construction materials and a focus on energy efficiency. Construction risk management and safety standards

The remote construction market is estimated to be worth USD 1.45 billion in 2025 and anticipated to reach a value of USD 6 billion by 2035. Sales are projected to rise at a CAGR of 15.2% over the forecast period between 2025 and 2035. The industry is experiencing a profound change that could be attributed to technological progress, labor shortages, and the necessity of cost-efficient and effective construction solutions.

Metrics	Values
Industry Size (2025E)	USD 1.45 billion
Industry Value (2035F)	USD 6 billion
CAGR (2025 to 2035)	15.2%

Trend Analysis and Purchasing Criteria across Different End-Use Segments

Organization	Investment Value (USD Million)
Australian Government	USD 54 Million
UK Cabinet Office	USD 103,136 Million
Commonwealth Bank of Australia (CBA)	Not specified
Queensland Government	USD 530 Million

Segment-wise Analysis

Component	Share (2025)
Remote Construction Solutions	65.3%

Application	CAGR (2025 to 2035)
Remote Management	16.6%

Country-wise Analysis (2025 to 2035)

Country	CAGR (2025 to 2035)
USA	8.2%
UK	7.5%
France	6.8%
Germany	7%
Italy	6.3%
South Korea	8%
Japan	7.2%
China	9.5%
Australia	7.8%
New Zealand	6.5%

In 2024, the North America Construction Market reached $2.58 trillion, and is projected to surge to $3.53 trillion by 2030 due to rising government investment

The global residential construction market size reached approximately USD 4.92 Trillion in 2024. Further, the residential construction industry is further projected to grow at a CAGR of 5.00% between 2025-2034, reaching a value of USD 8.01 Trillion by 2034.

According to Cognitive Market Research, the global Construction market size is USD 12415.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 4966.12 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3724.59 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2855.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 620.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 248.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The General Construction held the highest Construction market revenue share in 2024

Market Dynamics of Construction Market

Key Drivers for Construction Market

Urbanization and Population Growth to Increase the Demand Globally

Urbanization and population increase are riding huge demand for new housing, industrial homes, and infrastructure worldwide. With extra human beings shifting to urban regions, cities are under stress to amplify and upgrade their infrastructure to meet the desires of growing populations. This consists of constructing new residential buildings, commercial areas, transportation networks, and utilities which include water and electricity systems. Additionally, urbanization spurs calls for amenities like schools, hospitals, and leisure facilities. Meeting those demands calls for massive construction and improvement projects, imparting opportunities for the construction industry whilst additionally posing demanding situations related to sustainability, useful resource control, and concrete planning.

Economic Growth to Propel Market Growth

Strong economic situations, especially in developing economies, drive multiplied investments in infrastructure tasks, public buildings, and personal development. Robust monetary growth stimulates the call for modernization and growth of transportation networks, utilities, and industrial spaces. Governments allocate finances to enhance public services and construct colleges, hospitals, and government homes, even as private investors capitalize on possibilities in actual property and commercial improvement. This financial momentum fosters innovation, process creation, and business growth, similarly fueling a boom throughout various sectors. Additionally, infrastructure investments enhance productivity, entice overseas investment, and enhance residing standards, contributing to sustained monetary improvement. As a result, financial increase acts as a catalyst for infrastructure improvement, using development and prosperity in each advanced and developing economy.

Restraint Factor for the Construction Market

Volatility in Material Prices to Limit the Sales

Volatility in material fees poses a tremendous mission for the construction industry, wherein raw substances are vital additives. Fluctuations inside the charges of substances, including steel, cement, lumber, and petroleum merchandise, can profoundly have an effect on task budgets and profitability. Sudden spikes in costs can purpose value overruns, delays, and reduced margins for contractors and developers. These fluctuations are motivated by elements like worldwide delivery and call for dynamics, geopolitical tensions, and forex fluctuations. To mitigate dangers, production companies often rent strategies such as ahead buying contracts, diversification of providers, and hedging in opposition to price fluctuations. Nonetheless, navigating this volatility stays a continual assignment inside the creation quarter, requiring careful tracking and adaptation to ensure venture viability and profitability.

Impact of Covid-19 on the Construction Market

The COVID-19 pandemic has drastically impacted the development marketplace globally. Lockdown measures, supply chain disruptions, and labor shortages have led to assignment delays and extended costs. Many construction websites were quickly shut down, causing a slowdo...

The size of the United States Data Center Construction market was valued at USD 13.24 Million in 2023 and is projected to reach USD 23.23 Million by 2032, with an expected CAGR of 8.36% during the forecast period. Recent developments include: In February 2024, in Caldwell County outside of Austin, Texas, Prime Data Centers proposed to construct a USD 1.3 billion data center complex. Such investments from the data center providers will create more demand for DC construction players in the near future., In November 2023, H5 Data Centres announced the expansion of its downtown San Antonio edge data center at 100 Taylor Street as a national colocation and wholesale data center provider. Up to 340 cabinets and up to 1.5 MW of additional UPS capacity will be enabled by the Tier III expansion of colocation space in Turnkey. In 2023, five new telecommunications operators were deploying infrastructure on the data center campus to drive continued growth of the network-rich ecosystem.. Key drivers for this market are: 4., Growing Cloud Applications, AI, and Big Data4.; Rising Adoption of Hyperscale Data Centers. Potential restraints include: 4., Increase in Real Estate Costs. Notable trends are: UPS Systems to Lead the Electrical Infrastructure Segment.

The Construction sector has expanded over the past five years; nonresidential construction activity has been particularly strong, and a surge in materials costs has driven up contractors' rates. Contractors in the sector construct buildings and engineer projects across a wide range of industries and applications, so construction sector revenue tends to correlate with broader macroeconomic conditions. Volatile interest rates, specifically, have impacted sector activity in recent years, with high rates having cooled residential construction activity since 2022. Sector revenue has risen at a CAGR of 4.1% to reach an expected $3.7 trillion in 2025, including an estimated increase of 1.5% in 2025 alone as recent interest rate cuts encourage investment. In recent years, contractors have benefited from easing supply chain issues, with the price of construction materials having slowly fallen from its May 2022 peak (though remaining well above pre-pandemic prices). This more predictable business environment has only had a limited positive effect on the average sector profit margin, however, as the construction sector's perennial labor shortage has kept wage costs high. In 2025, the second Trump administration's policies have disrupted this previously stabilizing business environment, with ever-shifting tariff policies making it harder to plan for the future. A mounting trade war has the potential to disrupt supply chains and drive up the cost of materials, while plans for mass deportations threaten to further limit the sector's labor pool. Still, potential interest rate cuts in the coming years stand to spur increased investment in construction activity. Contractors are set to continue to benefit from increasing commercial and infrastructure construction activity, aided by the 2021 Infrastructure Investment and Jobs Act, the 2022 CHIPS and Science Act and the 2022 Inflation Reduction Act. The Trump administration has looked to disrupt some of the funding included in these bills, particularly that which targets the previous administration's climate goals, however. Basic macroeconomic drivers, including population growth, will continue to expand the construction sector. Areas of the country with lower regulatory burdens, namely the Southeast, will continue to outpace the country as a whole in both construction activity and population growth. Overall, sector revenue is set to climb at a CAGR of 2.0% to reach $4.1 trillion in 2030.

Residential Construction Market Outlook

The global residential construction market size was valued at $XX billion in 2023 and is projected to reach $XX billion by 2032, growing at a compound annual growth rate (CAGR) of XX% during the forecast period. This considerable growth is driven by several factors, including increasing urbanization, rising disposable incomes, and government initiatives focused on housing development. The expanding population, especially in emerging economies, and the growing trend toward nuclear families are also crucial drivers bolstering the market's growth.

One of the primary growth factors for the residential construction market is the rapid urbanization observed worldwide. As more people move from rural areas to urban centers in search of better employment opportunities and improved living standards, the demand for residential units in cities has skyrocketed. Urbanization not only increases the demand for new housing but also necessitates the renovation and upgrading of existing infrastructure to accommodate the growing population. Additionally, governments around the world are implementing policies and offering incentives to stimulate the housing sector, thus directly contributing to market growth.

Another significant driver is the rise in disposable incomes, especially in developing nations. Higher disposable incomes enable individuals and families to invest in better housing, resulting in increased demand for residential construction. Economic growth in various regions has led to a higher standard of living, with more people aspiring to own homes that offer enhanced comfort and amenities. This trend is complemented by the availability of favorable financing options and mortgage rates, which make home buying more accessible to a larger segment of the population.

Technological advancements in construction techniques and materials are also playing a pivotal role in the market's growth. Innovations such as prefabrication, 3D printing, and green building materials are not only making construction quicker and more cost-efficient but are also aligning with the growing demand for sustainable and energy-efficient homes. These technological improvements are attracting both homeowners and real estate developers, eager to reduce costs and enhance the quality of construction. Consequently, technology is evolving into a critical enabler of the marketÂ’s expansion.

Regionally, Asia Pacific is expected to dominate the residential construction market during the forecast period. Rapid economic development, substantial urban migration, and supportive governmental policies are driving the market in this region. Countries like China and India, with their massive populations and expanding middle classes, present immense opportunities for residential construction. However, North America and Europe are also experiencing steady growth, driven by urban renewal projects and an increasing focus on sustainable living spaces. The Middle East & Africa and Latin America, while smaller in market share, are anticipated to witness moderate growth fueled by urbanization and infrastructural investments.

Construction Spending plays a pivotal role in shaping the dynamics of the residential construction market. The allocation of funds towards building new homes and renovating existing structures directly influences the pace and scale of market growth. Governments and private investors are increasingly recognizing the importance of strategic construction spending to address housing shortages and improve living conditions. By channeling resources into construction projects, stakeholders can stimulate economic activity, create jobs, and enhance infrastructure. This financial commitment not only supports the development of new residential units but also ensures the modernization and sustainability of existing housing stock, aligning with broader urban development goals.

Type Analysis

The residential construction market can be segmented by type into single-family housing and multi-family housing. Single-family housing remains a dominant segment, driven by the growing preference for privacy and individual living spaces. This trend is particularly prominent in North America and Europe, where suburban living is highly popular. Single-family homes offer the luxury of private outdoor spaces, better control over living conditions, and more room for customization, making them highly desirable among homeowners. The financial incentives provided by g

The size of the Hong Kong Data Center Construction Market market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 13.25% during the forecast period. Recent developments include: November 2022: The company announced the opening of its new regional office in Kowloon, Hong Kong. The office would help the company strengthen its expansion and would cater to business needs such as engineering, construction, and sales in the Asia-Pacific region., November 2022: The company announced the launch of BDx Indonesia, following the completion of a USD 300 million joint venture agreement with PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH) and PT Aplikanusa Lintasarta, Big Data Exchange (BDx). Key drivers for this market are: Major Initiatives Undertaken by Governments to Promote Digital Economy and Connectivity Infrastructure, Rising Adoption of Hyperscale Data Centers. Potential restraints include: Environmental, Cost, and Workforce-related Challenges. Notable trends are: IT and Telcom Segment is Expected to Gain Significant Market Share.

The construction tech market is projected to witness significant growth from 2025 to 2035, driven by technological advancements, increasing demand for automation, and the integration of AI and IoT in construction processes. The market was valued at USD 7,000 million in 2025 and is expected to reach USD 30,000 million by 2035, reflecting a compound annual growth rate (CAGR) of 16.9% over the forecast period.

Metric	Value
Market Size (2025E)	USD 7,000 million
Market Value (2035F)	USD 30,000 million
CAGR (2025 to 2035)	16.9%

Country-wise Outlook - Construction Tech Market

Country	CAGR (2025 to 2035)
United States	16.8%

Country	CAGR (2025 to 2035)
United Kingdom	16.3%

Region	CAGR (2025 to 2035)
European Union	16.5%

Country	CAGR (2025 to 2035)
Japan	16.4%

Country	CAGR (2025 to 2035)
South Korea	16.6

Competitive Outlook

Company Name	Estimated Market Share (%)
Autodesk, Inc.	20-25%
Trimble Inc.	15-20%
Oracle Construction and Engineering	10-15%
Procore Technologies, Inc.	8-12%
Bentley Systems	5-10%
Other Tech Providers (Combined)	30-40%

The size of the Construction Market was valued at USD 13 Trillion in 2023 and is projected to reach USD 19.55 Trillion by 2032, with an expected CAGR of 6% during the forecast period. Recent developments include: March 2023: L&T has inked an MoU with Odisha-based non-profit SLS Trust for setting up a Skill Training Hub at Badampahar in Odisha's Mayurbanj district. This facility will comprise classrooms, state-of-the-art simulators, yards for practical training, and residential accommodation for the trainees., November 2022: MEIL is building Mongolia's first greenfield oil refinery in Telangana. Megha Engineering & Infrastructures Limited (MEIL) has received a Letter of Award (LOA) for the Mongolia Refinery Project, which includes the construction of Mongolia's first oil refinery. MEIL will build EPC-2 (Open Art Units, Utilities & Offsites, Plant Buildings) and his EPC-3 (Captive Power Plants) in Mongolia at a cost of US$790 million. Engineers India Limited is the project management consultant for this G2G partnership project. The project is part of the 'Development Partnership Management' initiative of the Ministry of External Affairs, Government of India.. Notable trends are: Increase in population requires more housing, schools, hospitals, and other facilities, fueling construction projects Anticipated in the market growth.

North America Data Center Construction Market is Segmented by Infrastructure (Electrical Infrastructure, Mechanical Infrastructure, IT Infrastructure, General Construction, Services), Tier Type (Tier I and II, Tier III, Tier IV), Data Center Type (Colocation, and More), End-User Industry (BFSI, IT and Telecommunications, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The data center construction market is expected to grow from USD 240.67 billion in 2024 to USD 469.86 billion by 2032, registering a 7.8% CAGR during 2025-2032.

Discover the booming US residential construction market! This in-depth analysis reveals key trends, growth drivers, and challenges shaping the $986.67 million (2025) industry, projected to grow at a 4.5% CAGR through 2033. Learn about market segmentation, leading companies, and future opportunities.

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Prefabricated Construction Market Size 2025-2029

The prefabricated construction market size is forecast to increase by USD 74 billion at a CAGR of 8.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for efficient and cost-effective building solutions, particularly in the healthcare sector. The healthcare industry's focus on reducing construction time and costs, while maintaining high standards of quality and sustainability, is propelling the adoption of prefabricated construction methods. However, the market faces challenges that could hinder its growth potential. Regulatory hurdles impact adoption as stringent building codes and standards require compliance, which can add to the cost and complexity of prefabricated construction projects. Additionally, supply chain inconsistencies can pose challenges, as the availability and reliability of raw materials and components can impact production schedules and project timelines. There is an increasing demand for prefabricated solutions in smart healthcare, as these offer efficiency and cost-effectiveness. These structures offer numerous advantages, such as faster construction times and improved quality control, making them an attractive option for healthcare facilities. The growing preference for lightweight construction materials is also contributing, as these materials offer easier handling and faster construction.
The shortage of skilled labor further complicates matters, as the industry requires a workforce with the expertise to design, manufacture, and install prefabricated components efficiently. To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on innovation and collaboration. Investing in research and development to create advanced prefabricated construction technologies and solutions can help overcome regulatory and supply chain challenges. Building strategic partnerships with suppliers, contractors, and regulatory bodies can also help streamline operations and ensure compliance. Moreover, companies can address the labor shortage by investing in training programs and offering competitive compensation packages to attract and retain skilled workers.

What will be the Size of the Prefabricated Construction Market during the forecast period?

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The market is experiencing significant growth, driven by the adoption of innovative solutions such as composite panels, modular furniture, and prefabricated bathrooms. These products offer emissions reduction benefits, aligning with the passive house and LEED certification standards. Construction risk management and life cycle assessment are essential considerations in this sector, with supply chain management playing a crucial role in optimizing costs and reducing carbon footprint. Precast concrete and cross-laminated timber (CLT) are popular materials in prefabricated construction, offering sustainability and efficiency advantages. Green building certifications, such as LEED and the Well Building Standard, are increasingly sought after, driving demand for smart homes and net-zero energy buildings.
Construction data analytics, project planning tools, and BIM software enable more efficient design and planning processes. Building codes compliance, zoning approvals, and circular economy principles are essential for sustainable and cost-effective construction projects. Construction software, building automation, and digital twins facilitate streamlined construction processes, ensuring compliance with regulations and reducing waste. The market is also witnessing the integration of passive house, LEED certification, and net-zero energy standards into building codes, further driving demand for prefabricated construction solutions.

How is this Prefabricated Construction Industry segmented?

The prefabricated construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Non-residential
  Residential


Material

  Steel
  Concrete
  Wood
  Others


Type

  Four sided
  Open sided
  Partially open sided
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

Prefabricated construction is experiencing significant growth in the US market, particularly in commercial and industrial sectors. This trend is driven by the efficiency and cost savings offered by prefabricated methods, which enable faster construction timelines and reduced labor costs. Industrial f

In 2024, global Construction market size was valued at $11.39 Tn, and it is expected to reach $16.11 Tn by 2030 with a CAGR of 5.5% from 2025 to 2030

The GCC construction market is booming, projected to reach [Insert projected value for 2033 based on chart data] by 2033, driven by infrastructure investment and urbanization. Discover key trends, challenges, and leading companies in this lucrative market. Explore the detailed analysis now! Recent developments include: April 2023: ALEC Engineering and Contracting (ALEC), part of the Investment Corporation of Dubai (ICD), has won the main contract for constructing Wynn Resort, an integrated resort development on the man-made Al Marjan Island. The contract was awarded by Ras Al Khaimah-based master developer Marjan, along with RAK Hospitality Holding and Wynn Resorts Limited., February 2023: ASGC successfully completed Grand Creek Harbour at Dubai Creek Harbour. This 2 million sq. ft. development comprises two slender towers, offering a luxury 5-star hotel with 220 keys and 790 serviced apartments. The development features a stunning glass facade and is designed with sustainability in mind, including solar panels, energy-efficient fixtures, green materials, and water-friendly landscaping.. Key drivers for this market are: Green And Sustainable Buildings Initiatives, Urbanisation and Tousrism Growth. Potential restraints include: Decliing Crude Oil Prices. Notable trends are: Rising Investments in the Infrastructure Construction Market.

The size of the Data Center Construction Market market was valued at USD 240.07 billion in 2024 and is projected to reach USD 400.89 billion by 2033, with an expected CAGR of 7.6 % during the forecast period. Recent developments include: In April 2024, AGM Group Holdings Inc., a technology company, signed a Memorandum of Understanding with RED DOT ANALYTICS PTE. LTD. to construct AI hyper-connected, GPU-driven data centers. The partnership aims to leverage AGMH's technology expertise and RDA's AI services capabilities to develop advanced, GPU-powered data center infrastructure to support AI applications and workloads , In September 2023, Digital Realty announced the development of a Tier 4 facility in Rome, Italy. Plans envisaged the construction of ROM1 commencing in Q4/2023 following land acquisition and pre-development planning. It was aligned with Digital Realty's PlatformDIGITAL expansion strategy, empowering customers to deploy critical infrastructure. The 22-hectare site, strategically located near the coast, facilitates future subsea cable landings and reinforces seamless interconnections, signifying Digital Realty's commitment to expanding its presence in Italy and supporting the growing demand for reliable and robust data center solutions , In March 2023, Vertiv announced formalizing a distribution partnership with iPoint, a multi-brand distributor of computer peripherals and electronic gadgets for businesses and individuals in Bahrain. The partnership envisaged Vertiv enhancing iPoint’s incumbent portfolio with its robust IT infrastructure and power solutions for data centers and edge applications while accelerating market presence in Bahrain and the Gulf Cooperation Council (GCC) region , In March 2023, NTT Ltd., via NTT Global Data Centers Corp., announced investments worth USD 90 million to establish Bangkok 3 Data Center (BKK3), the company's biggest data center in Thailand. Launching in H2/2024, BKK3 would offer the highest IT capacity of 12MW over the 4,000-meter square of dedicated space, catering to enterprises and hyperscale users. The facility promises scalable, flexible IT infrastructure, cost-effectiveness, and optimized power efficiency. The company's commitment to providing advanced data center solutions to regional businesses is demonstrated by supporting high densities, marking 30kW per rack in Thailand as part of the country's digital growth .