APAC Data Center Power Market Outlook & Investment Analysis Report
DUBLIN, October 04, 2021–(BUSINESS WIRE)–The “APAC Data Center Power Market – Industry Outlook & Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
APAC data center power market size by investments to reach USD 5,772.7 million by 2026, growing at a CAGR of 5.49% during 2021-2026
In the APAC region, countries with high population growth such as India and Indonesia are witnessing high demand for data storage. The major contributors in terms of power capacity are China, Hong Kong, India, Japan, Singapore, and Australia. The upcoming 5G technology installations in various countries will lead to higher demand for data center power, mostly in technology-driven countries in APAC. The data center market in APAC is mainly dominated by colocation providers, followed by internet and cloud service providers.
The APAC region is among the fastest-growing regions with increased investments from global and local facilities operators. Government agencies in the APAC region across several countries are actively engaged in growth to digitize their operations. In APAC, the implementation of edge computing across various territories, particularly in China and India, accommodates the region’s data growth.
The study considers the present scenario of the APAC data center power market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
GEOGRAPHICAL ANALYSIS
Baidu, in China, had purchased 550 GWh of wind power to power its facilities in the Shangxi province.
China & Hong Kong are the prominent markets for data center operations in APAC. Apple is investing more than USD 1 billion in its facilities in Guizhou and Ulanqab, which will accelerate the growth. The increasing demand for cryptocurrency data centers in China is boosting the development of high-performance computing infrastructure. Increasing the rack power density developed in the country will raise the demand for efficient power infrastructure.
The Australian government initiated 34 renewable energy projects to increase the generation of renewable energy, with solar energy as one of the major contributors. During the forecast period, installations of renewable energy sources such as solar are expected to grow, which would further reduce the power cost for data center operators.
VENDOR LANDSCAPE
The industry is witnessing growth in adoptions of generators with a power capacity of more than 2 MW. The revenue generation opportunity for the vendors is higher in the developed countries with the presence of major operators. The demand for software-defined power solutions by vendors is expected to drive growth in demand for automation and monitoring of power infrastructure.
ABB, Caterpillar, Cummins, Eaton, Legrand, Schneider Electric, and…
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