Canada Data Center Market Investment to Reach $12.27 Billion by 2030 - Get Insights on 123 Facilities across Canada - Arizton

According to Arizton’s latest research report, Canada data center market is growing at a CAGR of 14.54% during 2024-2030.        

To Know More, Click: https://www.arizton.com/market-reports/canada-data-center-market-investment-analysis 

Report Summary       

Market Size - Investment (2030): $12.27 Billion       

Market Size – Area (2030): 925 Thousand Sq. ft.     

Market Size – Power Capacity (2030): 246 MW      

CAGR – Investment (2024-2030): 14.54%        

Colocation Market Size (2030): $2.11 Billion   

Historic Year: 2021-2023       

Base Year: 2024       

Forecast Year: 2025-2030       

Overview of Canada Data Center Market Growth 

Toronto and Montreal continue to be the primary locations for data center operators in Canada, attracting substantial investments. However, cities like Vancouver and Quebec City are expected to see increased investments in the near future. The Canadian data center landscape is expanding, with new players such as Beacon AI Centers, Bit Digital, Cohere, and Yondr contributing to growth. The Canadian government’s supportive policies for foreign investors allow flexibility in choosing locations, making the country an appealing investment hub. While industrial land costs in the Greater Toronto area are high, the availability of land across Canada encourages greenfield developments. Recent developments include new data centers from Exaion in Quebec and OVHcloud in Toronto. As demand for data center space increases, the area per MW for construction is expected to decrease, while industrial land prices are anticipated to rise over time. 

Canada as a Leading Colocation Data Center Hub 

Canada is a leading colocation data center hub in the Americas, with a strong presence of over 100 operating facilities, particularly in Toronto, which hosts a significant portion of the country’s data centers. The market is expected to see further growth with investments from companies like Vantage Data Centers, Qscale, and STACK Infrastructure. 

The average occupancy rate across Canada’s data centers is high, with Toronto's facilities seeing strong demand as well. Revenue generation per MW varies by colocation type, with operators in Canada typically earning substantial revenues from their operations. 

In 2024, Digital Realty reported strong performance from its data centers in the Toronto region, with impressive occupancy and revenue figures. The market is also seeing increased activity from real estate and investment firms, such as Fengate Asset Management’s significant acquisition of eStruxture Data Centers, signaling growing consolidation. 

Equinix stands out in the market with the highest utilization rate and large capacity, and the influx of new players is expected to increase competition, driving further revenue growth in the Canadian colocation data center sector.  

Canada’s Role in Advancing AI and AI-Ready Data Centers 

Canada is a key player in the advancement of AI technology in the Americas, being the first country to introduce a national AI strategy, the Pan-Canadian AI Strategy, which focuses on commercialization, standards, and talent & research. In recent developments, the Canadian government has made significant investments in AI, including a $240 million investment in AI firm Cohere in November 2024 and a $15 million initiative to attract pension funds to invest in AI-powered data centers. Additionally, a $2 billion Canadian Sovereign AI Compute Strategy was launched in December 2024 to enhance AI infrastructure in the country. 

The AI data center market in Canada is experiencing rapid growth, with projects like KALiNA Power's agreement with Crusoe to develop AI data centers in Alberta, and Cohere’s plans to develop its own AI data center, operated by CoreWeave. Alberta also introduced its AI Data Centre Strategy in December 2024, planning a massive $100 billion investment over the next five years, focusing on power capacity, sustainable cooling, and economic growth. 

In October 2024, eStruxture announced plans to build a new AI-ready data center in Calgary, with a $540 million investment, offering substantial power capacity and high-density racks. This reflects a larger trend of shifting toward AI-ready data centers, driven by rising demand for AI in sectors such as healthcare, finance, and manufacturing. With over 670 AI startups and 30 generative AI companies, Canada’s AI sector is poised for continued growth, driving the demand for cutting-edge data center infrastructure and cooling technologies. 

Why You Should Buy This Research 

This report provides a comprehensive analysis of the Canada data center market, covering key factors such as market size across investment, area, power capacity, and colocation revenue. It offers insights into data center investments by colocation, hyperscale, and enterprise operators, with detailed assessments of current and upcoming facilities across 20+ cities. The research includes forecasts for colocation market revenue (2021-2030), retail and wholesale pricing, and investments in IT, power, cooling, and construction services. With a focus on industry trends, growth opportunities, and market restraints, this report is essential for understanding the landscape and potential of Canada’s data center market.  

Buy this Research @ https://www.arizton.com/market-reports/canada-data-center-market-investment-analysis   

The Report Includes the Investment in the Following Areas: 

IT Infrastructure 

• Servers 
• Storage Systems 
• Network Infrastructure 

Electrical Infrastructure 

• UPS Systems 
• Generators 
• Transfer Switches & Switchgears 
• PDUs 
• Other Electrical Infrastructure 

Mechanical Infrastructure 

• Cooling Systems 
• Rack Cabinets 
• Other Mechanical Infrastructure 

Cooling Systems 

• CRAC & CRAH Units 
• Chiller Units 
• Cooling Towers, Condensers & Dry Coolers 
• Other Cooling Units 

General Construction 

• Core & Shell Development 
• Installation & Commissioning Services 
• Engineering & Building Design 
• Fire Detection & Suppression Systems 
• Physical Security 
• Data Center Infrastructure Management (DCIM) 

Tier Standard 

• Tier I & Tier II 
• Tier III 
• Tier IV 

Geography 

• Montreal 
• Toronto 
• Other Cities  

Vendor Landscape 

IT Infrastructure Providers 

• Arista Networks 
• Atos 
• Broadcom 
• Cisco Systems 
• Dell Technologies 
• Hewlett Packard Enterprise 
• Huawei Technologies 
• IBM 
• Juniper Networks 
• Lenovo 
• NetApp 
• Oracle 

Data Center Construction Contractors & Sub-Contractors 

• Arup 
• AECOM 
• Bird Construction Black & Veatch 
• Computer Room Services Corporation (CRSC) 
• DPR Construction 
• EllisDon 
• First Gulf 
• HDR 
• Jacobs 
• Karbon Engineering 
• PCL Construction 
• Pomerleau 
• Revenco 
• Rider Levett Bucknall (RLB) 
• Salas O’Brien 
• Salute 
• Stantec 
• Turner Construction 
• TAG Engineering 
• Urbacon 
• WZMH Architects 

Support Infrastructure Providers 

• ABB 
• Alfa Laval 
• Caterpillar 
• Chatsworth Products 
• ClimateWorx 
• Cummins 
• CoolIT Systems 
• Dataprobe 
• Delta Electronics 
• Eaton 
• Generac 
• Johnson Controls 
• KyotoCooling 
• Legrand 
• Mitsubishi Electric 
• Panduit 
• Piller Power Systems 
• Rittal 
• Rolls-Royce 
• Schneider Electric 
• Siemens 
• STULZ 
• Toshiba 
• Trane 
• Vertiv 

Data Center Investors 

• Cologix 
• Compass Datacenters 
• Digital Realty 
• Equinix 
• eStruxture Data Centers 
• Google 
• Microsoft 
• OVHcloud 
• Qscale 
• STACK Infrastructure 
• Telehouse 
• Urbacon Data Centre Solutions 
• Vantage Data Centers 

New Entrants 

• Beacon AI Centers 
• Bit Digital 
• Cohere+ CoreWeave 
• Gatineau Data Hub (GDH) 
• Yondr     

Key Questions Answered in the Report:       

How big is the Canada data center market? 

How many existing and upcoming data center facilities exist in Canada? 

How much MW of power capacity will be added across Canada during 2025-2030? 

What is the growth rate of the Canada data center market? 

What factors are driving the Canada data center market? 

Who are the key investors in the Canada data center market?        

Check Out Some of the Top Selling Reports of Your Interest:       

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https://www.arizton.com/market-reports/canada-data-center-colocation-demand 

U.S. Data Center Market Landscape 2024-2029 

https://www.arizton.com/market-reports/us-data-center-market-analysis  

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