DUBLIN–(BUSINESS WIRE)–The “Singapore Data Center Market – Investment Analysis & Growth Opportunities 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The Singapore data center market is expected to reach a value of $5.14 billion by 2028 from $4.2 billion in 2022, growing at a CAGR of 3.41% from 2022 to 2028
This report analyses the Singapore data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
After lifting the moratorium in 2022 Singapore, the Singapore data center market is again expected to start receiving investments. We believe that after 2-3 years, the investments will start growing positively. The investments in 2022 were majorly driven by projects that were already under construction or were announced before the start of the moratorium in the country.
The Infocomm Media Development Authority (IMDA) and Economic Development Board (EDB) listed several criteria for data center applications, including the data center project having to be developed with a PUE of 1.3 or less for a 100% IT load capacity. The government has set a target for achieving 2 Giga-peak (GWp) of renewable energy by 2030. Singapore also plans to import up to 4 GW of green energy by 2035 from Cambodia and Indonesia.
The government offers economic zones known as free trade zones that offer businesses good customs and tax concessions. Tanjong Pagar Terminal and Keppel Terminal, Keppel Distripark, Keppel Distripark Linkbridge, Pasir Panjang Terminal, Jurong Port, and others are only a few of the Free Zones in Singapore.
In November 2022, Microsoft partnered with ITE and launched the first Datacenter Academy (DCA) in Asia. DCA’s five-year commitment is to empower around 300 ITE students with data center skills.
KEY QUESTIONS ANSWERED:
Key Attributes:
Report Attribute | Details |
No. of Pages | 113 |
Forecast Period | 2022 – 2028 |
Estimated Market Value (USD) in 2022 | $4.2 Billion |
Forecasted Market Value (USD) by 2028 | $5.14 Billion |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Singapore |
WHY SHOULD YOU BUY THIS RESEARCH?
VENDOR LANDSCAPE
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
EXISTING VS. UPCOMING DATA CENTERS
REPORT COVERAGE:
IT Infrastructure
Network Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
General Construction
Tier Standard
For more information about this report visit https://www.researchandmarkets.com/r/4t0ed1
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