ASIA PACIFIC DATA CENTRE CAP DECK

MARKET INSIGHTS

A FORCE

Asia Pacific’s* data centre markets has surpassed the 10GW mark, with ~800MW of new supply added in H2 2023 bringing the total regional live capacity up to 10.6GW. We continue to witness a robust development pipeline with 3.9GW under construction throughout the region and 9.4GW in planning stages, which is an increase of ~900MW since our last update. Many markets across Asia Pacific continue to witness rapid growth in terms of both operational and development capacities. Almost 80% of operational capacity is concentrated in the region’s top 5 markets – Mainland China (3.9GW), Japan (1.3GW), Australia (1.2GW), India (1.1GW) & Singapore (962MW). In H2 2023, India joined Mainland China, Japan and Australia as >1GW-sized markets and we anticipate that Singapore will reach this status sometime in 2024 with 962MW currently live. More than 50% of under-construction activity regionally is concentrated in Mainland China and India. However, with a development pipeline of 2.9GW & 1.7GW of combined under construction and planned activity in India and Japan respectively, we will see these markets on track to rival Mainland China as the only three markets in Asia Pacific to grow larger than 3GW over the next 5 years. However, due to the ongoing issues with power availability in Japan, especially in Tokyo, there may be delays in the overall timeline for the market to reach this milestone. ASIA PACIFIC DATA CENTRE MARKET UPDATE

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*For all analysis, Asia Pacific region includes Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam only.

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