Asia Pacific Data Centre Investment Landscape

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ASIA PACIFIC DATA CENTRE INVESTMENT LANDSCAPE

Key Assumptions: • Development pipeline excludes early-stage projects • Vacancy is calculated on Operational Colocation Capacity compared to the Americas. Currently, colocation accounts for 85% of operational capacity in Asia Pacific, compared to 60% in the Americas and 75% in EMEA. Looking ahead, the development pipeline remains heavily weighted toward colocation across all regions, comprising 86% in Asia Pacific, 85% in EMEA, and 89% in the Americas. This trend highlights the strong investment potential of data centres as an asset class. Given that 85% of operational capacity in Asia Pacific is already colocation-based, the region also offers significant opportunities for investment in built and stabilised data centre assets. Regional Growth The development of new data centre capacity, measured in IT megawatts (MW), is projected to maintain a steep growth trajectory across all regions. Each region is expected to at least double its current operational capacity when the existing pipeline is fully built. This expansion will be driven by both colocation providers and hyperscale self-build programs, which are anticipated to grow at comparable rates. Key demand drivers fueling this global surge include the rapid adoption of cloud computing, artificial intelligence (AI), digital transformation initiatives, the Internet of Things (IoT), and the increasing creation and consumption of digital content. While AI-related demand has so far been concentrated in the United States, both the Asia Pacific and EMEA regions are expected to experience significant growth in AI-driven data centre demand over the next three to five years. Globally, there is over 80GW in the development pipeline. Colocation facilities account for approximately 90% of this pipeline. Despite substantial capacity additions over the past two to three years, the global vacancy rate remains low at just 7.5%, underscoring the strong and sustained demand for new infrastructure. The higher vacancy rate in Asia Pacific (11%) is largely owing to new capacity and is expected to decline in line with the region’s strong demand for capacity in the ready for service (RFS) phase. The Asia Pacific region presents a distinct development profile

AMERICAS 3.4X increase in total capacity

APAC 2.3X increase in total capacity

EMEA 2.3X increase in total capacity

• Operational Capacity: 20,562MW • Colocation: 12,269MW • Hyperscale: 8,293MW • Vacancy: 4.9% • Under Construction: 6,423MW

• Operational Capacity: 9,979MW • Colocation: 7,480MW • Hyperscale: 2,499MW • Vacancy: 7.7% • Under Construction: 2,896MW

• Operational Capacity: 12,325MW • Colocation: 10,517MW • Hyperscale: 1,807MW • Vacancy: 11% • Under Construction: 3,033MW

• Colocation: 4,597MW • Hyperscale: 1,827MW

• Colocation: 2,290MW • Hyperscale: 606MW

• Colocation: 2,641MW • Hyperscale: 392MW

• Planned: 46,077MW

• Planned: 9,611MW

• Planned: 12,496MW

• Colocation: 42,118MW • Hyperscale: 3,959MW

• Colocation: 8,315MW • Hyperscale: 1,296MW

• Colocation: 10,745MW • Hyperscale: 1,751MW

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