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Global

DataCentreIndex

2025

GLOBALDATACENTREINDEX

Contents

Foreword03

ExecutiveSummary04

Introduction&Methodology05

KeyDefinitions06

SectionI:GlobalGrowth07

SectionII:RegionalGrowth12

RegionalLiveSupplyGrowth13

RegionalPipelineSupplyGrowth15

RegionalEarlyStageSupplyGrowth18

GlobalLiveSupplyGrowthProjections20

SectionIII:AmericasRegionalFocus22

RegionalSupplyGrowth23

QualifiedSupplyProjections25

AmericasGrowthIndex26

2?CopyrightDCByte2025

GLOBALDATACENTREINDEX

3?CopyrightDCByte2025

Foreword

The2025editionoftheGlobalDataCentreIndex,clearlyshowsthreekeytrends—demand

isstrongerthanever,investorappetitefordigitalinfrastructureisincreasing,buttheindustryfacesaseriouschallengeinitsabilitytomeetbothcurrentandfuturedemand.

Thelackofavailablepowerforeverlargerdatacentreschemesispossiblythemosttalked-aboutchallengeinthedatacentresector.Thisyear,ourresearchprovidestangibleevidencethatalackofavailablecapacitywithinthegridhasstartedtohaveanimpactontherate

ofdevelopment.

Ourdatashowsthatanacceleratingcommitmenttodevelopnewdatacentrecapacityisnot

coincidingwithanincreaseinprojectsunderconstruction.Thistrend,firstobservedinthe

APACregionin2023,cannowbeseenintheUnitedStates,whereahithertouninhibitedrateofincreaseinconstructionbegantoflattenoutinmid-2024.

Theslowdownintherateofconstructioncommencingisincompletecontrasttodemand,

withrecordglobaltake-upincreasingby30%on2023figuresforatotalof12,975MWacrossbothcolocationandself-buildschemes.Publiccloudremainsthelargestuserofspacewith

52%ofknowntake-up.WhileAIhasbeendiscussedasamajordriverofdemandfordigital

infrastructure,dedicatedAIdeploymentonlyaccountedfor11%oftake-up.DemandfromAItake-upishoweverincreasingrapidlyandhasroughlydoubledeachyearsince2022.

Thereareseveralpossibleoutcomesforthesector.Excessdemandandaconstrainedsupply

pipelinewillintheshorttermmostlikelyleadtocontinuedincreasesincolocationrentswhichwehavealreadyobservedinEMEAandAmericasregions,andwhichwepredictwillalsofollowontoAPACinthenearfuture.

AspecialthankstotheanalystsofDCBytewhopatientlyreviewedseven-and-a-halfthousanddatacentreschemesoverthepastyeartoproducethisreport.Ihopeyoufinditasinformativeaswehave.

EdGalvin

FounderandChiefEvangelist

GLOBALDATACENTREINDEX

4?CopyrightDCByte2025

ExecutiveSummary

Thefundamentaldriverofthedatacentresector,demandforITcapacity,hasneverbeenstronger.Buttheverysuccessofthe

industryplacesanewchallengeforitsparticipantstosolvetheemergingsupplychallenge.

Theabilityofdeveloperstobringtomarketenoughsupplytokeeppacewithdemandisshowingclearsignsofchallengeinourlatestanalysis.

?LiveSupplygrewby26GWfrom2019to2024,a30%increaseintherateofgrowthseenfrom2018to2023.Since2019,newcapacitydeliveredeachyearhasincreasedby2.2x.

?Therateofnewschemescommencingconstructionbetween2019and2024hasincreasedby4x,generallytrendingwiththeincreaseinlivecapacity.Inthepast18months,however,growthoftheUnderConstructionpipelinehasslowed.

?Newcommittedschemesin2024,haveincreasedby3.7xsince2019andisfaroutpacing

thegrowthinLiveandUnderConstructioncapacity.That,combinedwiththetrendsintheUnderConstructionpipeline,illustratesthecurrentbottlenecktheindustryisexperiencingineffortstobringfuturecapacitytomarket.

Attheendof2024,thedistributionofnewlivesupplygrowthhasfavouredtheUnitedStateswith62%ofITpowerbeingbuiltintheregionin2024comparedto50%in2023.Before2023,thedistributionofnewITcapacityacrossEMEA,APACandAmericasregionsremainedbroadlyproportionalat25%,25%and50%respectively.

Onthedemandside,take-upofallcapacity(bothself-buildandcolocation)jumpedby29.8%comparedto2023andcontinuesanunbrokenchainofyear-on-yearincreasessince2015.Theabilityfortheindustrytoservicesuchdemandisbecomingstrained,withspaceincreasingly

soldfurtherupthedevelopmentpipeline.

?SoldLiveSupplyhasincreasedby2.3xsince2019whiletheamountofcapacitysoldwhileunderconstructionhasincreasedby2.8x.Spacesoldbeforeconstructionsawthesteepestgrowth,increasingbyastaggering33x.

?Rentshaveconsequentlyincreasedinthemostdevelopedmarketsglobally,buthasnotsurfacedasauniversaltrend,withAPACyettobefullyimpactedbythis.

TheAmericasremainthegloballeadingregiononallaccountsofsupply,with87%oftotal

trackedcapacitywithintheUnitedStates.ThemarketnowwitnessestheimpactofgenerativeAIandhigh-performancecomputingdemandneeds,stackedonthecontinuingsurgein

hyperscaleandcloudactivity.

?Supplychallenges—particularlypowerconstraints—intheprimarymarketsacrossNorthAmericaareleadingtosignificantgrowthinformerlyalternativemarkets.

?IndexedgrowthratespointtostandoutmarketsincludingAlberta,IndianaandBogota.

Alberta’srapidgrowthhasbeendrivenlargelybyasinglelargescaleproject,indicativeofincreasingoccurrencesofgigawattlevelschemesannouncedglobally.

GLOBALDATACENTREINDEX

Introduction

TheGlobalIndexprovidesdata-driveninsightsintothecurrentdatacentremarketlandscape.Thequantitativeandqualitativeinsightsare

amassedfromtrackingover7,500individualdatacentresacrosstheglobe.

SectionIexamineshowglobalsupplyand

demandhavegrownoverthepastfiveyears.

SectionIIprovidesinsightintoregional

dynamicsviaanalysesofsupplycategoriesintheAmericas,AsiaPacific(APAC)andEurope,MiddleEast,andAfrica(EMEA).

SectionIIIisaregionalfocusontheAmericas,withtheregionnotedasthegloballeaderonallaccountsofsupply.

Methodology

DCByteadoptsabottom-upapproachin

generatingmarket-levelanalyticsbuiltfromcoverageofeachindividualfacility.Auniquerangeofsourcesareused,rangingfrom

satelliteobservationimagerytoparsing

officialearningsreleasesandpublicplanningdocuments,speakingwithstakeholders,

andphysicalonsiteinspections.Alldata

collectedandpresentedinthispublicationistothebestofDCByte’sknowledge

andexperience.

TheGlobalIndextracksgrowthoverafive-yeartimelinefrom2019to2024.Supplyanddemandareanalysedatagloballevel,alongwithsupplygrowthacrossthethreemajor

regions:Americas,APAC,andEMEA.The

reportalsoincludesafocusedanalysisof

theAmericas,featuringacomparativeindexhighlightinggrowthacrosskeymarkets,

basedondatacapturedinFebruary2025.

Notes:

*DataforMainlandChinaisreferential,andonlybasedonkeyoperatorsinthemajormetros.

*CoverageofRussiahashaltedsincetheRussia-Ukrainewar.Newdevelopmentssince,ifany,willnothavebeencapturedinthedata.

5?CopyrightDCByte2025

GLOBALDATACENTREINDEX

KeyDefinitions

LiveSupply

DeterminedITpowerthatisoperationalwhetheritisletornot.

UnderConstruction(U/C)Supply

UnderConstructionSupplyistheestimatedITpowerthatiscurrentlyhavingthemechanicalandelectricalplantinstalledtosupportit.

CommittedSupply

CommittedSupplyistheestimatedITLoad

thatwearehighlyconfidentwillbeadded

toamarket’soverallsupply.Thissupplyhas

therequiredelements(government,land,

power,etc.)secured,orwillbedevelopedbyanoperatorwithastrongandreliabletrack

record.CommittedSupplycouldtaketheformofadatacentreschemewhichhasyettostartconstruction,oritmayrefertoshellspacein

anexistingdatacentre.Thedifferencebeingthatshellspacecantypicallybefittedout

in3-6months,whileaschemethathasyettostartconstructionmighttake1-2years.

CommittedSupplydoesnotmeansoldspace.

PipelineSupply

PipelineSupplyisthesumofUnderConstructionandCommittedSupply.

QualifiedSupply

QualifiedSupplyisthesumofLive,UnderConstruction,andCommittedSupply.

EarlyStage(ES)Supply

EarlyStageSupplyistheITLoadthathasbeenannouncedorspeculated,buthasyettosecurealloftherequiredelements(government,land,power,etc.)fordevelopment.Wedonotholdfullconfidenceinthedevelopmentpotential

ofthissupplyanditmayrequireamajorclientprecommitmentfordevelopmenttotakeplace.

TotalSupply

TotalSupplyisthesumofallfoursupplycategories:Live,UnderConstruction,

Committed,andEarlyStageSupply.

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GLOBALDATACENTREINDEX

SectionI:

GlobalGrowth

7?CopyrightDCByte2025

GLOBALDATACENTREINDEX

8?CopyrightDCByte2025

Globaldatacentregrowthhasscalednewheightsoverthepastfiveyears.Whiledatacentresupplyhasacceleratedsignificantly,demandhasoutpacedthisgrowthateverystageofdevelopment.

Thisisthekeyfindingofourindexofaddedsupplyanddemandeachyearfrom2019to2024.

GlobalSupplyIndex(2019=100)

800

600

ITGW

400

200

0

690

402

224

201920202021202220232024

LiveUnderConstructionCommitted

TheexponentialgrowthinsupplyisspreadunevenlyacrossthecategoriesofLive,Under

ConstructionandCommitted.Newlivesupplyhasdoubled,butthisgrowthrateisfarhigherinthepipelinecategories.UnderConstructioncapacityhasincreasedfourfoldwhilecommitted

schemeshaveincreasedsevenfold.Thegapinpipelinecapacitygrowthversusnewlivecapacitygrowthreflectsgrowingsupplyconstraints.Moreover,theaccelerationofcommittedprojects

versusschemeshavingshovelsinthegroundfurtherunderscoresthesechallenges.Lengtheningdevelopmenttimelineshavebeendrivenbypermittingdelays,supplychaindisruptionsandlandandpowerconstraints.

GLOBALDATACENTREINDEX

9?CopyrightDCByte2025

GlobalDemandIndex(2019=100)

1000

ITGW(Log10)

100

10

0

201920202021202220232024

3302

284

232

LiveUnderConstructionCommitted

Theanalysisofdemandshowsasimilarpicturetosupply.While

demandforlivecapacityhasdoubled,pre-leasedemandhassurged

withpre-leasedunderconstructioncapacitygrowingthreefold,whilstpre-leasesofcommittedcapacityhavegrownby33times.

Demandcontinuestooutpacesupply.In2024,theindexoftrackedsupplyshoweda1,000

pointincrease,whereasdemandindexesrosebyoverthreetimestherate,increasingby3,000points.Thisreinforcesawideningsupply-demandgap.

Thestarkdifferentialsinunderconstructionandcommittedpre-leaseshighlightanother

industrytrendofleasestructuresindatacentreoperationshavingreshapedovertheyears.

Spaceisbeingreservedfurtherinadvance,shiftingfromtraditionalanchortenancymodelstocustomercommitmentssignedwellbeforeconstructioncommences.

Thisconsequentshiftindemandexceedingsupplyhasledtorentinflation,mostevidentintheUnitedStatesandEurope,theMiddleEastandAfrica(EMEA).Colocationrentsintheseregionshaverisenbyover30%inthelast24months,drivenbytheacceleratedtake-upofcapacity

relativetothelowerrateofincreaseincapacitycomingonline.ThistrendismostnotableinthemostdevelopeddatacentremarketsandnottheAsiaPacific(APAC)region,whererentinflationhasremainedrelativelystable,withthestronggrowthofLiveSupplycapacityoutpacingthatoftheotherregions.

GLOBALDATACENTREINDEX

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YearlyGrowthinGlobalLeasedCapacity

15

10

ITGW

5

0

201920202021202220232024

Asthisrapidexpansioncontinues,questionsofoversupplyarisingfrompotentiallyslowingdemandhaveemerged.Ourtrendanalysisondemand—byaccountofvolumeandincreasinglyadvanced

pre-leases—indicatesotherwise.Onallaccounts,demandhas

undoubtedlyexceededsupply,andcanbeexpectedtocontinueonthistrajectorywithaddeddemanddriversalongsideincreasing

supplybottlenecks.

DiscussionsonAIasakeydemanddriverhaveproliferatedindustryconversations,following

thelandmarkavailabilityofChatGPTtothegeneralpublicinNovember2022,andother

generativeAIplatformssince.WhileAIholdsthepotentialtotipthescalestowardsbeingthedominantabsorberofdatacentrecapacity,ourdatasupportsthatitisstillintheinfancystagesofimpactingglobaldatacentredemand.

GLOBALDATACENTREINDEX

11?CopyrightDCByte2025

TopThreeUsesofGlobalDemand

100%

75%

ITGW

50%

25%

0%

31%

33%

37%

41%

45%

39%

11%

12%

6%

9%

6%

8%

3%

11%

11%

49%

52%

50%

55%

41%

50%

201920202021202220232024

Others,FinancialInstitutions,

PublicSectors,MSP/SaaSetc.

AI

SocialMedia

PublicCloud

Ouranalysishighlightsthatpubliccloudcontinuestoserveasthebedrockofdatacentredemand,drivingapproximately50%of

capacitytake-upinrecentyears.Bycomparison,AI—whilegrowingrapidly—constituted11%oftheknowntake-upusecasesin2024.

Theacceleratingpaceofpre-leaseactivitypittedagainstincreasingsupplybottleneckssuggeststhatdemandwillcontinuetooutstripavailableinfrastructure.Lookingahead,theindustry’s

biggestchallengewillbeinnovationinsustainablesolutionstothemostpressingsupply-side

challenges—particularlypowerresourcingformaturemarkets—todelivercapacityatthespeedofdemand.

GLOBALDATACENTREINDEX

SectionII:

RegionalGrowth

?CopyrightDCByte2025

12

GLOBALDATACENTREINDEX

13?CopyrightDCByte2025

RegionalLiveSupplyGrowth

RegionalLiveSupplyGrowth

25

20

15

ITGW

10

5

0

AmericasAPACEMEA

TheAmericasremainsthedominanthubofdatacentregrowth

globally,maintainingamarketshareofLiveSupplyequallingtherestoftheworldcombinedfrom2019to2024.

Overthepast12months,91%ofnewlyaddedlivesupplyhascomefromtheUnitedStates

(US),withtheremaining8%and2%split

acrossCanadaandLatinAmerica(LATAM)

respectively.TheconsistencyofthiscontinuedexpansionisattributabletotheabundanceandsubsequentemergenceofalternativemarketsintheUS,astraditionalprimarymarketshavefacedvariouslimitations.

SincethebeginningofthespikedocumentedinQ32022,regionalsupplygrowthhas

repeatedafairlyconsistentcycle.First,

stakeholdersidentifyamarketascapable

ofmeetingdemand.Thisgarnersmore

widespreadattentionandinvestment,

eventuallysnowballingintoasignificantrun

onnewdatacentreschemesforseveral

years.Thispersistsuntiltheidentifiedmarket

26.3

GWgrowth

17.6%CAGR

from2019-2024globally

becomescongestedandconstrainedbypoweravailability.Atthispoint,operatorsshifttheirfocustoalternative,typicallyuntappedmarketscapableofmeetingdemandatafasterrate.

ThistrendhasbeenevidencedintheevolutionofmarketslikeAtlanta,Columbus,Phoenix,andothertop-tiermarketsthatwereonceconsideredsecondarytomajormetropolitanareasand

traditionaltechhubslikeNewYork,NorthernVirginia,SiliconValleyandChicago.Recently,

withevenfewermajormetroslefttoturnto,thenextphaseinthedevelopmentcyclehasseendevelopersincreasinglytargetingtertiarymarketslikeIowa,NorthCarolina,andIndiana.

GLOBALDATACENTREINDEX

14?CopyrightDCByte2025

TheemergenceofAI,anditslackoflatency

dependencycontinuestofuelthistrend.ThishashelpedtheAmericascontinuetobring

significantnewsupplyonline,withLiveSupplyintheregionrecordingan18.8%five-year

CompoundAnnualGrowthRate(CAGR).

Despitepowerconstraintsobservedinthevariousaforementionedmarkets,therateofLiveSupplyintroductionhascontinuedtoincrease.

APAConceagainexperiencedthestrongestgrowthinLiveSupplyat19.3%from2019

to2024.Alongsidepersistentgrowthinthe

developedmarketsofAustralia,China,Japan,andSingapore,emergingmarketssuchas

IndiaandMalaysiacontributedapproximately900MWand450MWrespectivelyofthe

7.5GWofLiveITgrowthduringthisperiod.

Beyondthepandemic’saccelerationof

digitalisation,overarchingfactorswhich

havesinceinfluencedtheregion’scontinual

growth,includetheemergenceofdigital

policies,particularlyinthenewlybooming

markets—suchasIndia’sDigitalIndiainitiativeandMalaysia’sDigitalEconomyBlueprint—andthegrowingpopularityofdatacentresasa

profitableandresilientalternativeassetclassforinvestmentsintheregion.TheacquisitionofAPACplatformAirTrunkin2024recordsasthelargestdatacentretransactionglobally,

withtheplatformvaluedatoverUS$16billion.

Emergingmarketshaveexperiencedrapid

growthinacceleratedpipelinedeliveryto

meetpreviouslyunderserveddemand.For

instance,theJohormarkethasexperienced

asurgeingrowth,duetoitsabilitytoserve

asaspillovermarketforSingapore,whenthelatterplacedamoratoriumonnewdatacentreconstructionin2019.Consequently,the

JohormarketobservedasteepgrowthinLiveSupplyataCAGRof145%from2019to2024.

Americas

18.8%CAGR

APAC

19.3%CAGR

EMEA

13.3%CAGR

EMEA’smeasuredgrowthinLiveSupplyat

13.3%from2019to2024,iscomparatively

slowerthantheAmericasandAPAC.Reasonsforthisincludepowerconstraints,particularlyingreenenergy,thelimitedavailabilityof

landwhichcandriveupcostsandslow

downdevelopment,andastricterregulatoryenvironment,amongstothers.Growthhas

beenfuelledbybothestablishedmarketsandemergingsubregions.Despiteconstraints,

establishedFLAP-DmarketsLondonand

Dublinhavecontinuedtoperform,each

adding598MWand540MWofLiveSupply,respectively.TheupcomingsecondarymarketofMadridhasaddedover240MWofthe

4.8GWofLiveITgrowthduringthisperiod.

Meanwhile,LiveSupplyinthegrowingMiddleEastandNorthAfrica(MENA)marketsmorethantripledoverthefive-yearperiod,with

MENAcontributing7%ofEMEA’sLiveSupplyasof2024.ThesurgeinLiveSupplyinthe

MENAdatacentremarketcanlargelybe

attributedtotheregionoccupyingastrategicgeographiclocationaswellasarangeof

governmentinitiatives,digitaltransformation,increasedinternetusage,cloudadoptionandhyperscaleexpansion.

GLOBALDATACENTREINDEX

15?CopyrightDCByte2025

RegionalPipelineSupplyGrowth

RegionalPipelineSupplyGrowth

40

30

ITGW

20

10

0

AmericasAPACEMEA

TheAmericascontinuetobethegloballeaderforfuturepipeline

capacity,recordingover30GWofgrowthinPipelineSupplybetween2019and2024.

ThesubstantialincreaseinbothCommitted

andUnderConstructiongrowthratesfrom

2022onwardistheproductofnumerous

factors,mostnotablytheAmericas—and

theUSspecifically—servingastheinitial

“l(fā)andingpoint”forAI-relateddemandand

thecontinuedwidespreadadoptionofcloud-basedservices.Inparticular,theriseof

Large-LanguageModeltraininghastriggeredahyperscale-ledarmsracetodevelop

infrastructurecapableofhandlingthesehighdensityworkloads.

Thishasledtoamarkedincreaseinlarge-scaledevelopments,fromhyperscaleself-builds,

tobuild-to-suitandwholesalecolocation

projectsofequalsize.TheUSmarketremainswellpositionedtofieldthebulkofthisrisingdemandduetoitsabundanceof“scalable”

landthatofferstheadvantageouscombination

50.3

GWgrowth

31.4%CAGR

from2019-2024globally

ofdevelopablelandandaccessiblepower.CampusescapableofdeployinghundredsofMWs

andincreasingly,upto1GW+ofITcapacityarenotyetbeingdevelopedelsewhereintheworldatthesamevolume,orprojectedspeedtomarket.Thishaspromptedsignificantactionfrom

stakeholdersacrosstheboard—fromregionalutilitiesclampingdownonpowercommitmentsinattemptstofreeup“strandedpower,”tostategovernmentsintroducingnewtaxincentivestoattractlarge-scaledevelopments,tothepassingoftheChipsandScienceActin2022aimedatfillingtheincreaseddemandforsemiconductorsdomestically,aswellasotherlegislativeefforts.

GLOBALDATACENTREINDEX

16?CopyrightDCByte2025

Lookingahead,several

significantchallengesare

emergingforthemarket.Thecomparative2024growth

ratesofUnderConstruction

(+3.4GW)versusCommitted(+12.5GW)highlightagrowingdisconnect.InQ42024,UnderConstructiongrowthtrendeddownwardforthefirsttime

sinceQ32021,underscoringabottleneckintheAmericasforcapacitytransitioning

fromplanningtoconstructionandeventualdeployment.

Thisconstraintisdrivenby

RegionalUnderConstructionSupplyGrowth

12

10

ITGW

8

6

4

2

Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

Q42021

Q12022

Q22022

Q32022

Q42022

Q12023

Q22023

Q32023

Q42023

Q12024

Q22024

Q32024

Q42024

0

AmericasAPACEMEA

thewaveofnewmarketentrants,andgrowingpowersupplylimitations.Astherushonnew

developmentscontinuesacrosstheregion,securingpowerforthesesitesgrowsmorescarce

andcomplex,particularlyinnewlyrealisedtertiarymarketsorwithalternativepowersolutions“behindthemeter.”

Meanwhile,APAChas

observedsteadypipeline

growth,withanabsolute

volumegreaterthanthat

inEMEA.Theregionhas

notexperiencedthesurge

inpipelineobservedbythe

AmericasduetothelaginAI

demand,withcloudservices

remainingthelargestdriverfordemandfordatacentrespace.

TheAPACregiontrackeda

9.2GWincreaseinpipeline

capacitybetween2019and2024,withactivityfuelledby

RegionalCommittedSupplyGrowth

30

20

ITGW

10

Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

Q42021

Q12022

Q22022

Q32022

Q42022

Q12023

Q22023

Q32023

Q42023

Q12024

Q22024

Q32024

Q42024

0

AmericasAPACEMEA

plannedprojectsspreadacrossestablishedandemergingmarkets.MirroringtheAmericas

region,thegrowthinpipelinecapacityisprimarilyaccountedforbysteadygrowthof

CommittedSupply.Marketleadersareleveragingtheexpertise,relationships,andtrackrecordstoexpandtheirfootprintsinexistingandnewmarkets.Applicationsformorepowerandnew

landacquisitionsaddtothepipelineinestablishedmarkets,whileinothersthishasbeen

achievedthroughpartnershipswithlargelocalconglomeratesorthroughtheacquisitionofpre-existingplatformsorassets.CommittedSupplygrowthisskewedtowardestablishedmarkets

whereclarityofpoliciesandregulationsmaketheprocessofmarketentrysmootherrelativetomorenascentmarkets.

GLOBALDATACENTREINDEX

17?CopyrightDCByte2025

LargerdealsmeetingAIdemandhaveprimarilybeencapturedinmarketssuchasAustralia

andMalaysia,rangingbetween50MWto

250MW.Todate,totalAIdemandacrosstheAPACregionisestimatedtorangebetween

500MWto1GW.However,asdemandand

dealsizesgrow,thescaleofdevelopmentswillcontinuetoexpandtoaccommodatethem,asreflectedinthefuturepipeline.

EMEAhasexperiencedsteadygrowthin

PipelineSupply,trackingaCAGRof30%

from2019to2024.SimilartogrowthinLive

Supply,PipelineSupplygrowthissomewhat

limitedinEMEAcomparedtotheAmericas,

primarilyduetotheaforementionedfactorsofstricterregulationsandlimitationsinlandandpoweravailability.Despitethesechallenges,

continuedcloudadoptionandincreased

demandfordataanddigitalservicesare

expectedtodrivefurthergrowthintheEMEAmarket,supportedbythestrongpipelineof

projectsplannedforthefuture.Particularly

noteworthyistheNordicregionwhichis

attractingincreasinghyperscaleinterestin

datacentredevelopmentduetoitsavailabilityofrenewableenergy,goodconnectivity,and

supportivegovernmentpolicies;illustratively,citieslikeHelsinkiareseeingsignificant

growthintheirdatacentrepipelinewithlargerdealsrangingbetween50MWto80MW

beingcaptured.

TheGulfCooperationCouncil(GCC)

comprisingBahrain,Kuwait,Oman,Qatar,

SaudiArabia,andtheUnitedArabEmirates(UAE)hasemergedasakeydatacentre

subregion.InvestorandoperatorinteresthasdrivensignificantgrowthinPipelineSupply,whichhasexpandedbyover700MWfrom

2019to2024.

Americas

37.0%CAGR

APAC

21.8%CAGR

EMEA

30.0%CAGR

ExaminingUnderConstructionschemes

versusCommittedcapacityoverthepast12monthsrevealsastarkcontrast.Committedschemeshaveincreasedbynearly2.5GW,

whilstthevolumeofUnderConstructioncapacityhasremainedlargelyunchanged.

ThisincreaseinCommittedCapacityreflectsthebullishattitudeofdatacentreinvestors,operatorsanddevelopersinthesector

committingtofuturecapacityinanticipationofcontinuedgrowth.However,the

stabilisationofUnderConstructioncapacityhighlightstheimmensechallengeofbringingthatpoweronline,particularlyintermsof

powerconstraints.Thisobservationaligns

withthepersistentsupplybottlenecksnotedacrosstheAmericasandAPAC,reinforcing

abroaderpatternofchallengesimpactingcapacitygrowthworldwide.

GLOBALDATACENTREINDEX

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RegionalEarlyStageSupplyGrowth

RegionalEarlyStageSupplyGrowth

ITG

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