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Data centre spending has emerged as a fast growing source of revenue for industrial companies that make generators, construction equipment, switchgear and chillers. AI drives data centre expansion The data centre market, valued at $275 billion in 2022, could reach $2.93 trillion by 2030, BofA said. AI is expected to drive the expansion, fuelling a 37% market wide compound annual growth rate from 2025 to 2030, the brokerage estimated. Chipmakers and server developers have been among the biggest beneficiaries of the AI driven data centre buildout, particularly in the US, according to Reuters. For live updates on US Markets, click here Servers account for biggest share of costs BofA estimated data centre construction costs at $49 million per megawatt, with IT related expenses accounting for 78% of total spending. Neoclouds, or AI focused data centres, cost about $57 million per megawatt but require less space than traditional facilities, Reuters reported. Servers are the most expensive component at $31.4 million per megawatt, followed by networking at $4.8 million per megawatt, according to the brokerage. Most other functions, including switchgear, power distribution, generators, backup power, chillers and cooling, cost between $100,000 and $1.1 million per megawatt, Reuters reported. (Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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