According to Arizton’s latest research report, the internet data center market in China is growing at a CAGR of 12.17% during 2023-2029.
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Report Scope
Market Size (Investment): $77.37 Billion (2029)
Market Size (Area): 14.70 Million Sq. Ft (2029)
Market Size (Power Capacity): 2860 MW (2029)
CAGR Investment (2023-2029): 12.17%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
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Data center investments in China over the next couple years are expected to be aggressive and high due to investments from the several operators and the entry of new operators in the market. The market is attracting several operators to develop their own data centers in the country. Solar, hydro, and wind energy are the primary sources of renewable energy in the country. The trend of procuring renewable energy sources to power data center facilities in China is increasing; this will likely continue during the forecast period.
Investment Opportunities
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In 2023, Chindata Group announced its intention to transition into a privately held company through a restructured deal valued at $3.16 billion. This significant decision followed discussions with Bain Capital. China Merchants Group showed interest in the Chinese data center operator during this period. This move toward privatization, in response to market conditions and investor involvement, reflects the evolving strategies of key players in China’s dynamic data center and renewable energy sectors. The acquisition highlights the influence of major investment firms such as Bain Capital and Blackstone.
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In 2023, the Guian Data Centre, operated by China Unicom, accounted for fully functioning micro module rooms. Another notable project is the State Power Investment Corporation Limited, which is constructing a robust data center in the Guian New Area. These activities are part of a larger program that China launched in February 2022. This project aims to develop a complete national big data infrastructure, with a vision that includes the establishment of eight national computing hubs and ten national data center clusters. The Guizhou province is one of the eight designated computing hubs, leading to the rapid advancement of various data center projects. Images taken on May 23, 2023, depict the ongoing construction of multiple data centers, including those operated by Huawei Cloud, Midea Cloud, and the global command center project associated with the Huawei Cloud data center, thereby demonstrating this rapid advancement.
Cloud Service Providers to Drive Majority of Future Demand in China Data Center Market
The China data center market is home to numerous global cloud operators, including Microsoft, Alibaba Cloud, Amazon Web Services (AWS), Tencent Cloud, and Huawei Cloud. This prominent presence is expected to boost demand for wholesale colocation services significantly. Over the next five years, the cloud segment is projected to lead capacity expansion, driven by these major cloud service providers’ ongoing growth and expansion efforts. Additionally, the market is anticipated to see the entry of various global organizations aiming to establish a local presence and better serve their customers.
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Key Questions Answered in the Report:
How big is the China Internet data center market?
What is the growth rate of the Internet data center market in China?
How much MW of power capacity will be added across China during 2024-2029?
What factors are driving the Internet data center market in China?
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To view the original version on ABNewswire visit: Internet Data Center Market in China to Hit $ USD 77.37 Billion by 2029, Cloud Operators to Drive the Market Future – Arizton