https://sputniknews.in/20240515/india-takes-lead-over-australia-japan--south-korea-in-data-centre-capacity-7374765.html
India Takes Lead Over Australia, Japan and South Korea in Data Centre Capacity
India Takes Lead Over Australia, Japan and South Korea in Data Centre Capacity
Sputnik India
India has surpassed key nations such as Australia, Hong Kong, Japan, Singapore, and Korea to emerge as the country with the highest data centre capacity in the Asia-Pacific region, standing at 950MW, according to Global Commercial Real Estate Services (CBRE).
2024-05-15T20:44+0530
2024-05-15T20:44+0530
2024-05-15T22:07+0530
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India has surpassed key nations such as Australia, Hong Kong, Japan, Singapore, and Korea to emerge as the country with the highest data centre capacity in the Asia-Pacific region, standing at 950MW, according to Global Commercial Real Estate Services (CBRE).During the period of 2024-2026, India is projected to witness the highest capacity addition of 850 MW, surpassing other major APAC countries, the CBRE report said.The sector has attracted significant investments from global operators, real estate developers, and private equity funds.Following India, Japan ranked second with a data centre capacity of 892 MW, followed by Australia (773 MW), Singapore (718 MW), Hong Kong (613 MW), and South Korea (531 MW).In 2023, there was an increase of 255 MW in new supply compared to 200 MW in 2022, resulting in a total stock of approximately 1,030 MW by the year's end.This rapid expansion is anticipated to persist in 2024, with planned additions of over 330 MW across various cities, potentially boosting the stock by 30 percent annually to reach around 1,370 MW. The total data centre stock in India amounted to 16 million square feet in 2023.Data centres (DC) remain among the top three preferred alternative assets for investors in the APAC region, including India.Global investors are highly interested in the Indian data centre market, with many considering partnerships and joint ventures with local operators.It is expected that mergers and acquisitions among operators will increase in the upcoming years due to the growing number of players, leading to some consolidation before the market becomes overly fragmented.Between 2018 and 2023, India attracted investment commitments exceeding $40 billion from both global and domestic investors. Major states dominating these commitments include Maharashtra, Uttar Pradesh, West Bengal, and Tamil Nadu.In 2023, more than 85 percent of the $27 billion committed was earmarked for the development of hyperscale facilities.
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India Takes Lead Over Australia, Japan and South Korea in Data Centre Capacity
20:44 15.05.2024 (Updated: 22:07 15.05.2024) India's advantageous market conditions are drawing multinational corporations (MNCs) looking to expand their digital services and shift from other Asian markets due to supply limitations.
India has surpassed key nations such as Australia, Hong Kong, Japan, Singapore, and Korea to emerge as the country with the highest data centre capacity in the Asia-Pacific region, standing at 950MW, according to Global Commercial Real Estate Services (CBRE).
During the period of 2024-2026, India is projected to witness the highest capacity addition of 850 MW, surpassing other major APAC countries, the CBRE report said.
The sector has attracted significant investments from global operators, real estate developers, and private equity funds.
“In India, 2023 was a quiet year for leasing as many companies remained in wait-and-see mode amid the global economic slowdown. However, activity began to pick up strongly in Q4 2023, and there is a large volume of deals in the pipeline," noted Henry Chin, CBRE's global head of investor thought leadership and research for APAC.
Following India, Japan ranked second with a data centre capacity of 892 MW, followed by Australia (773 MW), Singapore (718 MW), Hong Kong (613 MW), and South Korea (531 MW).
In 2023, there was an increase of 255 MW in new supply compared to 200 MW in 2022, resulting in a total stock of approximately 1,030 MW by the year's end.
This rapid expansion is anticipated to persist in 2024, with planned additions of over 330 MW across various cities, potentially boosting the stock by 30 percent annually to reach around 1,370 MW. The total data centre stock in India amounted to 16 million square feet in 2023.
“India, with its favourable market conditions, is attracting multinational corporations (MNCs) seeking to expand their digital services and relocate from other Asian markets due to supply constraints," said Anshuman Magazine, CBRE Chairman and CEO for India, South-East Asia, Middle East & Africa. "Sustained demand is expected from BFSI firms, technology corporates, and cloud service providers as they explore alternative solutions such as colocation and hyperscale facilities.”
Data centres (DC) remain among the top three preferred alternative assets for investors in the APAC region, including India.
Global investors are highly interested in the Indian data centre market, with many considering partnerships and joint ventures with local operators.
It is expected that mergers and acquisitions among operators will increase in the upcoming years due to the growing number of players, leading to some consolidation before the market becomes overly fragmented.
Between 2018 and 2023, India attracted investment commitments exceeding $40 billion from both global and domestic investors. Major states dominating these commitments include Maharashtra, Uttar Pradesh, West Bengal, and Tamil Nadu.
In 2023, more than 85 percent of the $27 billion committed was
earmarked for the development of hyperscale facilities.
