Source: https://riskandinsurance.com/, November 6, 2025

The global data center industry is experiencing unprecedented growth driven by artificial intelligence and cloud computing demands, with close to $7 trillion projected to be spent on construction data centers by 2030, according to Allianz Commercial research.

“Data centers are particularly hot and rapidly growing,” said Darren Tasker, head of Construction, Americas, at Allianz Commercial. “We’re seeing significant-sized projects, from a billion dollars to those in the realms of $20 billion. This breakneck buildout is fueling a rise in related infrastructure projects, particularly power plants, needed to fuel them.” Read more.