DUBLIN–(BUSINESS WIRE)–The “Data Centre Developments in Asia-Pacific – 2021 Onwards” report has been added to ResearchAndMarkets.com’s offering.
The survey of Data Centre developments in the Asia Pacific region identifies that over 1.5 million m2 of third-party space is under development, far higher than in Europe with 850k m2.
The Asia-Pacific Survey covering eleven (12) countries reveals that there are over 1.5 million m2 of Data Centre developments, with the focus of new facilities on Australia, Hong Kong, Malaysia, Thailand, South Korea and Indonesia – with the five (5) countries alone account for one million m2 of space.
Ireland has become the fastest growing market in Europe, in large part due to the arrival of large hyperscale Data Centre facilities from – CyrusOne, Echelon Data Centres, K2 Data Centres & xScale. In Europe, the four key Data Centre markets are forecast to increase by an average of 45.5% over the next 3-year period.
By contrast, in the Asia-Pacific region, the four fastest growing Data Centre markets are forecast to increase by an average of 90% over the next 3-year period – more than double the European amount with Australia being the leader having 417,000 m2 of space under development – an increase of 97%.
In the Asia-Pacific region, forecast growth rates vary. China, the second largest Data Centre market after the USA with over 1.7 million m2 of space available at the beginning of 2021, is forecast to see growth of 239,000 m2 with growth in the Greater Beijing and Yangtze River (Shanghai area) regions. Due to the large size of the Chinese market it is the equivalent of 14% growth.
Singapore, the biggest Data Centre market in southeast Asia with 417,000 m2 of space, is forecast to have 92,000 m2 of space under development over the next 3-year period, equivalent to 22% growth. The relative slowdown is due to the Data Centre expansion moratorium imposed by the Singaporean Government and provides an opportunity for other markets notably Indonesia & Malaysia in close geographical proximity to Singapore with lower cost Data Centre space to take share.
Finally, the analyst finds that the key Data Centre developments in the Asia-Pacific and European regions are part of a wider trend taking place in all markets:
For more information about this report visit https://www.researchandmarkets.com/r/bvi1b8
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