Private investors have snapped up data centers in recent years, but plenty of other potential investment opportunities in the sector’s value chain may be going unnoticed.
The explosion in demand for data centers has attracted the attention of investors of all types—growth capital, buyout, real estate, and, increasingly, infrastructure investors. In the US market alone, demand—measured by power consumption to reflect the number of servers a data center can house—is expected to reach 35 gigawatts (GW) by 2030, up from 17 GW in 2022, according to McKinsey analysis (Exhibit 1). The United States accounts for roughly 40 percent of the global market.
