PUBLISHER: KBV Research | PRODUCT CODE: 1548786
PUBLISHER: KBV Research | PRODUCT CODE: 1548786
The Asia Pacific Offsite Data Center Power Infrastructure Market would witness market growth of 17.8% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Offsite Data Center Power Infrastructure Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,971.4 million by 2031. The Japan market is registering a CAGR of 17% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 18.7% during (2024 - 2031).
The growing concern over cybersecurity risks has brought new innovations to the forefront of this market. To mitigate these risks, data centers are increasingly investing in cybersecurity measures that protect their power systems from potential threats. This includes the integration of advanced security protocols, intrusion detection systems, and continuous monitoring of power systems for vulnerabilities. The need to secure both physical and digital aspects of power infrastructure adds to the complexity and cost of operating offsite data centers, further driving the market's growth as companies seek to safeguard their operations against potential cyber threats.
In recent years, energy efficiency as well as sustainability have become significant in the operations of data centers. Regulatory demands, corporate social responsibility objectives, and the necessity to reduce operational expenses have all contributed to this trend. One example of a company that is leading the way in sustainable data center operations is Google. Google has pioneered adopting renewable energy to power its data centers, aiming to operate on 24/7 carbon-free energy by 2030. In recent years, Google has made significant investments in renewable energy sources, particularly wind and solar energy.
South Korea's thriving IT and telecom sector drives the demand for offsite data center power infrastructure. The rise of 5G networks and the increasing use of connected devices have placed higher demands on data center power systems to ensure uninterrupted operations. In 2022, the ICT industry accounted for 13.0% of Korea's GDP and led economic growth. According to Invest Korea, in 2022, the total production of the ICT industry reached KRW 560 trillion, up 5.1% year-on-year. This has resulted in a surge in investments in data center power solutions to support the rapid expansion of this technologically advanced sector. Hence, these developments highlight the Asia-Pacific region's rapidly evolving data center power infrastructure landscape.
Based on Offering, the market is segmented into Solutions, and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail, Media & Entertainment, Manufacturing, Healthcare, Government & Defense, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Offsite Data Center Power Infrastructure Market Report Segmentation
By Offering
By Vertical
By Country