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Singaporean Data Center Market
Dublin, Aug. 21, 2023 (GLOBE NEWSWIRE) — 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.
Following the 2022 moratorium lift in Singapore, the landscape of the Singapore data center market is poised for a renewed influx of investments. With expectations of growth becoming increasingly optimistic over the next 2-3 years, the resurgence follows a 2022 marked by investments primarily propelled by pre-existing projects or announcements made prior to the moratorium’s initiation.
Notably, the Infocomm Media Development Authority (IMDA) and the Economic Development Board (EDB) have delineated stringent criteria for data center applications, highlighting a prerequisite for projects to achieve a Power Usage Effectiveness (PUE) of 1.3 or lower, reflecting a keen focus on energy efficiency.
Singapore’s governmental drive for sustainability also encompasses ambitious goals, targeting the attainment of 2 Giga-peak (GWp) of renewable energy by 2030, with plans to import up to 4 GW of green energy from Cambodia and Indonesia by 2035. Complementing these initiatives, the nation’s strategic utilization of economic free trade zones fosters a conducive environment for business, accentuated by customs and tax concessions.
Among these zones are Tanjong Pagar Terminal, Keppel Terminal, Keppel Distripark, Keppel Distripark Linkbridge, Pasir Panjang Terminal, and Jurong Port, contributing to Singapore’s appeal as an investment-friendly destination.
Furthermore, the recent collaboration between Microsoft and ITE led to the inception of the first Datacenter Academy (DCA) in Asia in November 2022, exemplifying a proactive effort to empower a future-ready workforce by imparting essential data center skills to around 300 ITE students over a span of five years.
KEY QUESTIONS ANSWERED:
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How much is the Singapore data center market investment expected to grow?
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How many data centers have been identified in Singapore?
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What is the growth rate of the Singapore data center market?
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What are the driving factors for the Singapore data center market?
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Who are the key investors in the Singapore data center market?
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?
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Market size available in the investment, area, power capacity, and Singapore colocation market revenue.
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An assessment of the data center investment in Singapore by colocation, hyperscale, and enterprise operators.
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Investments in the area (square feet) and power capacity (MW) across states in the country.
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A detailed study of the existing Singapore data center market landscape, an in-depth industry analysis, and insightful predictions about industry size during the forecast period.
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Snapshot of existing and upcoming third-party data center facilities in Singapore
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Facilities Covered (Existing): 41
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Facilities Identified (Upcoming): 3
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Coverage: 3+ Sub-locations
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Existing vs. Upcoming (Area)
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Existing vs. Upcoming (IT Load Capacity)
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Data center colocation market in Singapore
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Market Revenue & Forecast (2022-2028)
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Retail Colocation Pricing
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The Singapore market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
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A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
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Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
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A transparent research methodology and the analysis of the demand and supply aspects of the market.
VENDOR LANDSCAPE
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In Southeast Asia, Singapore is the most mature market, with most global and local operators. The country has more than 40 existing third-party facilities.
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In 2022, BDx, Keppel Data Centres, ST Telemedia Global Data Centres, and Princeton Digital Group were some of the colocation operators involved in developing the data centers, which are open and under construction in the Singapore data center market.
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In addition, the country also witnessed investments from global cloud operators such as Microsoft, Amazon Web Services, and Facebook. For instance, in August 2022, Google launched its third facility in Singapore.
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
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AirTrunk
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Amazon Web Services (AWS)
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Big Data Exchange (BDx)
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China Mobile International (CMI)
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DODID
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Digital Realty
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Equinix
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Facebook (Meta)
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Google
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Global Switch
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Iron Mountain
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Keppel Data Centres
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Microsoft
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NTT Global Data Centers
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Princeton Digital Group (PDG)
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Singtel
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ST Telemedia Global Data Centres
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Telin Singapore
EXISTING VS. UPCOMING DATA CENTERS
REPORT COVERAGE:
IT Infrastructure
Network Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
General Construction
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Core & Shell Development
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Installation & Commissioning Services
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Engineering & Building Design
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Fire Detection & Suppression Systems
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Physical Security
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Data Center Infrastructure Management (DCIM)
Tier Standard
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Tier I & Tier II
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Tier III
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Tier IV
For more information about this report visit https://www.researchandmarkets.com/r/oyazp3
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