APAC power market to see growth over the next few years
Research - DECEMBER 11, 2019

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APAC power market to see growth over the next few years

by Kali Persall

Powered by an increase in the construction of hyperscale facilities, the Asia Pacific data center power market is forecasted to expand at a compound annual growth rate (CAGR) of 8 percent between 2018 to 2024, according to an industry outlook report by Research and Markets.

The report, titled Data Center Power Market in APAC – Industry Outlook and Forecast 2019-2024, noted that APAC countries including China, Hong Kong, Singapore, India, South Korea, Thailand, and Japan in particular are witnessing major data center development.

China is leading the market with hyperscale developments and Singapore is the preferred market for the construction of mega-facilities, a trend that is likely to grow during the forecast period.

In addition, China and Hong Kong were recorded as the leading revenue generators in the region, followed by India. Hong Kong is also expected to witness significant growth due to the construction and expansion of mega vertical projects

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