U.S. Data Center Market to Surge with 550+ New Projects by 2038, Adding Over 90 GW Capacity Amid AI and Cloud Demand

The U.S. data center market is poised for unprecedented growth, with more than 550 new colocation and hyperscale self-built data center projects underway, according to the newly released "U.S. Existing & Upcoming Data Center Portfolio" database by ResearchAndMarkets.com. The report provides a comprehensive analysis of the nation’s data center landscape, covering 1,121 existing colocation facilities, 385 upcoming colocation projects, and 152 upcoming hyperscale self-built data centers across all 50 U.S. states. The database offers detailed insights into key metrics including existing and upcoming white-floor space in square feet, current IT load capacity as of June 2025, and projected capacity additions through 2038. The total anticipated capacity from these new projects exceeds 90 gigawatts, reflecting the massive infrastructure expansion driven by surging demand for AI, cloud computing, and high-performance computing (HPC) workloads. Virginia, Texas, Arizona, Illinois, Nevada, Georgia, Ohio, Iowa, Utah, and Colorado are leading the charge, collectively accounting for over 70% of the upcoming capacity. These states are emerging as major hubs due to favorable regulatory environments, access to renewable energy, and robust power infrastructure. Major technology companies are at the forefront of this expansion. Amazon Web Services, Microsoft, and Google are actively expanding their data center campuses nationwide to support growing AI workloads. At the same time, crypto miners are entering the market by building HPC-focused data centers to capitalize on new opportunities and secure a share of the infrastructure space. Among the leading data center operators by capacity are Align Data Centers, COPT Data Center Solutions, CyrusOne, Digital Realty, Equinix, NTT, QTS Realty Trust, and Switch. These companies are playing a critical role in delivering scalable, secure, and energy-efficient facilities to meet enterprise and hyperscale demands. Notably, several states are attracting significant investment, with Colorado, Indiana, Louisiana, Oregon, North Carolina, Pennsylvania, Missouri, and Minnesota each drawing over a billion dollars in new data center funding. This level of capital influx underscores the strategic importance of these regions in the national data infrastructure strategy. The database provides granular data on each facility, including location, ownership, capacity, power availability, and development stage. It also tracks key investors and operators, offering a detailed view of market dynamics and competitive positioning. This comprehensive resource is designed for a wide range of stakeholders, including infrastructure investors, data center developers, cloud service providers, telecommunications companies, energy providers, and government agencies focused on digital infrastructure and economic development.