AI data center demand poised to boom in 2027. What you should know.
The data center market has seen significant growth in just two years, with its value more than doubling since 2022 to $27.7 billion. Investment banking firm FMI projections suggest it will surpass $41 billion by 2027.
Turner Construction Company chairman and CEO Peter Davoren joins Asking for a Trend host Josh Lipton to share insights on the data center boom and the future trends he expects for global AI data centers.
"Now, what we're seeing is 30% of our backlog of over $32 billion is in the data center market, in the advanced technology market. And, we believe that it's going to go up to about 40% in '26 and '27," Davoren forecasts.
Davoren highlights how the demand for data centers is global: "The race for land and power in Europe and Asia is still extremely strong for the hyperscalers and the allocators."
Additionally, Davoren discusses Turner's competitive advantage, emphasizing the importance of treating workers with respect: "We feel that this is a differentiator for us, so that their facilities on the project are as good as the facilities we have in our office."
Watch the video above to hear Davoren discuss more on Turner Construction Company's pivotal role in the AI data center boom.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
This post was written by Josh Lynch
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